According to the report published by Allied Market Research, the global air quality monitoring market generated $4.1 billion in 2020, and is projected to reach $8.0 billion by 2030, witnessing a CAGR of 6.7% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
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Amar Chinchane, a Lead Analyst, Construction and Manufacturing at Allied Market Research, stated, “the air quality monitoring market has witnessed significant growth in the past decade, owing to increase in public & private initiatives for environmental conservation and public awareness regarding ai pollution. Furthermore, technological advancements such as introduction of miniaturized devices and nanotech-based systems are expected to provide significant growth opportunities for the market. In addition, efforts designed to raise public awareness about the dangers of indoor air pollution, increased acceptance of smart home & green building technology, and increase in preference for pollution-free indoor settings are driving the market growth.”
COVID-19 scenario:
- The outbreak of the Covid-19 pandemic has had a negative impact on the global air quality monitoring market, owing to implementation of global lockdown.
- The pandemic delayed production of air quality monitoring which are utilized in government & academic, oil & gas, power, commercial & residential, and other end users.
The report offers detailed segmentation of the global air quality monitoring market based on product type, pollutant, end user, and region.
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By product type, the market is categorized into indoor monitor and outdoor monitor. Depending on pollutant type, it is segregated into chemical, biological and physical. On the basis of end user, it is divided into government & academic, oil & gas, power plants, commercial & residential and others.
Based on region, the global market analysis is segmented across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America held the highest market share. The Asia-Pacific region is expected to witness the fastest growth rate.
The key companies profiled in the air quality monitoring market report include Emerson Electric Co., General Electric Company, Siemens AG, Testo AG, 3M Company, Horiba, Ltd., Merck KGaA, Teledyne Technologies Inc., Servomex Group Ltd., and Thermo Fisher Scientific, Inc.
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