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The global air quality monitoring (AQM) system market is expected to grow at a CAGR of 5.9% during the forecast period with its market size predicted to reach USD 5.5 billion by 2024. Air quality monitoring system is a device used to monitor the level of the pollutant in the environment. It identifies the concentration of pollutants such as particulate matter, nitrous oxide, carbon monoxide, and sulfur dioxide. The global market is primarily driven by the increasing level of air pollution and mounting occurrence of respiratory diseases.<br><br>Different types of products contributed to the air quality monitoring system market size. The market has witnessed a high demand for indoor monitors over the last few years due to mounting consumer inclination for pollution-free indoor environments.<br><br>Air Quality Monitoring System Market Highlight<br><br>Market Segmentation<br><br>Insight by Product<br><br>On the basis of product, the market is categorized into outdoor monitors and indoor monitors. Indoor monitors hold a larger share in the market due to the increasing consumer inclination for pollution-free indoor environments, and escalating acceptance of smart home and green-building technologies. Moreover, outdoor monitors are expected to grow at the fastest rate in the market. The indoor monitors are further subdivided into fixed indoor monitors and portable indoor monitors. In addition, the outdoor monitors are further subdivided into portable outdoor monitors, fixed outdoor monitors, AQM station and dust and particulate matter monitors.<br><br>Insight by Sampling Method<br><br>There are four types of sampling method, manual monitoring, active/continuous monitoring, passive monitoring, and intermittent monitoring. Of all sampling methods, the active/continuous sampling method anticipated accounting foremost share in the air quality monitoring system market. Continuing improvement of progressive continuous monitoring systems, execution of supportive government guidelines for effectual air pollution monitoring, and huge fixing base for continuous air monitoring stations are some of the factors responsible for the growth of the active/continuous sampling method segment.<br><br>Insight by Pollutant<br><br>There are three types of pollutant, chemical pollutant, physical pollutant, and biological pollutant. Chemicals are one of the most hazardous and common types of pollutants found in the environment. Among all pollutant, the chemical pollutants are the most common type of pollutant monitored through AQM systems.<br><br>Insight by End-User<br><br>The different end-users in the market are the petrochemical industry, government agencies and academic institutes, commercial and residential users, power generation plants, the pharmaceutical industry, and others. Mounting installation of AQM stations, the existence of strict environmental regulations, and escalating government assets for effectual AQM are the factors growing the demand of government agencies and academic institutes. Among the all end user, the government agencies and academic institutes are expected to install the most number of AQM systems across the globe. In addition, commercial and residential users are expected to register the fastest growth in demand for AQM systems, globally.<br><br>Industry Dynamics<br><br>Growth Drivers<br><br>The alarming level of air pollution, supportive government regulations for air pollution monitoring and control, increasing occurrence of respiratory diseases, cancer and cardiovascular diseases, and increasing public awareness related to healthcare and environmental implications of air pollution are the primary growth drivers for air quality monitoring system market. For instance, according to the World Health Organization (WHO) air pollution is the major environmental risk to health. Moreover, globally in 2016, approximately 4.2 million premature deaths were caused due to outdoor air pollution in cities and rural area.<br><br>Technological advancements in air pollution monitoring systems and continuous extension of the petrochemical and power generation industries are also facilitating the growth for the air quality monitoring system market.<br><br>Challenges<br><br>The high product cost, slow implementation of air pollution control reforms and technical limitations are the major challenges for the growth of the air quality monitoring system market.<br><br>Industry Ecosystem<br><br>Globally, the manufacturing companies trying to enter the air quality monitoring system market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier to the entry of new players. This offers an edge to the established players in the industry competition.<br><br>Geographic Overview<br><br>Geographically, North America is the largest air quality monitoring system market as in the region the acceptance of innovative technologies among major investors is expeditious. The existence of strict government regulations for effectual pollution monitoring, the mounting occurrence of respiratory diseases, cancer and cardiovascular diseases and control are also up surging growth of the North American air quality monitoring system industry.<br><br>Asia-Pacific is observed to witness the fastest growth in the market, as the region is the major contributor to global air pollution and different governments are forming stringent regulations for monitoring and preventing air pollution. In addition, the large-scale industrialization, mounting occurrence of respiratory diseases, cancer and cardiovascular diseases and uninterrupted government assistance for the development and commercialization of innovative AQM products are also creating a positive impact on the air quality monitoring system industry growth in the region.<br><br>Competitive Insight<br><br>Key players in the air quality monitoring system market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In February 2018, Teledyne Technologies launched Model T640 PM Mass Monitor, to calculate the dilution of fine particulate matter below 2.5 microns in diameter. Teledyne Technologies Incorporated, 3M Company, Thermo Fisher Scientific Inc., Emerson Electric Co., Siemens AG, ECOTECH GROUP, Merck KgaA, General Electric Company, Horiba Limited, Spectris, TSI Incorporated, Autotronic Enterprise Co. Ltd., and Aeroqual Limited are the key players offering air quality monitoring system.
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Air Quality Monitoring (AQM) System Market The global air quality monitoring (AQM) system market is expected to grow at a CAGR of 5.9% during the forecast period with its market size predicted to reach USD 5.5 billion by 2024. Air quality monitoring system is a device used to monitor the level of the pollutant in the environment. It identifies the concentration of pollutants such as particulate matter, nitrous oxide, carbon monoxide, and sulfur dioxide. The global market is primarily driven by the increasing level of air pollution and mounting occurrence of respiratory diseases.
Air Quality Monitoring (AQM) System Market The alarming level of air pollution, supportive government regulations for air pollution monitoring and control, increasing occurrence of respiratory diseases, cancer and cardiovascular diseases, and increasing public awareness related to healthcare and environmental implications of air pollution are the primary growth drivers for air quality monitoring system market. For instance, according to the World Health Organization (WHO) air pollution is the major environmental risk to health. Moreover, globally in 2016, approximately 4.2 million premature deaths were caused due to outdoor air pollution in cities and rural area.
Air Quality Monitoring (AQM) System Market Asia-Pacific is observed to witness the fastest growth in the market, as the region is the major contributor to global air pollution and different governments are forming stringent regulations for monitoring and preventing air pollution. In addition, the large-scale industrialization, mounting occurrence of respiratory diseases, cancer and cardiovascular diseases and uninterrupted government assistance for the development and commercialization of innovative AQM products are also creating a positive impact on the air quality monitoring system industry growth in the region. In February 2018, Teledyne Technologies launched Model T640 PM Mass Monitor, to calculate the dilution of fine particulate matter below 2.5 microns in diameter. Teledyne Technologies Incorporated, 3M Company, Thermo Fisher Scientific Inc., Emerson Electric Co., Siemens AG, ECOTECH GROUP, Merck KgaA, General Electric Company, Horiba Limited, Spectris, TSI Incorporated, Autotronic Enterprise Co. Ltd., and Aeroqual Limited are the key players offering air quality monitoring system.a
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