Active government initiatives for air pollution monitoring and control and growing concerns over rising air pollution to magnify growth in the global Air Quality Sensor Market

Covid-19 Impact & Market Status

The report offers an exhaustive overview of the business dynamics and new investment strategies that are being adopted by business leaders across countries and regions to overcome the acute challenges and financial instabilities that have emerged in the post pandemic times.

The report highlights some of the best industry strategies and practices that are adopted by the players across local and global markets. Ever since the Covid-19 broke out in 2019, it has spread aggressively, resulting in rapid declaration by the WHO affirming Covid-19 as a global pandemic and an emergency.

The impact of the pandemic is widespread and the aftermath is well pronounced, gravely affecting the global air quality sensor market. The sudden pandemic and its implications have posed significant challenges such as travel bans, quarantines, and lockdowns.

These developments are hampering operations resulting in supply chain breaches, stock market inefficiencies, and vendor chaos. These are constantly interfering with the normal functioning of industries.

Ever since the outbreak of the global crisis, impact on upstream, downstream, and midstream industries have been appalling. The report delivers a quick ready-to-deploy approach to counter such crisis and steer the global cloud professional serices market towards steady growth and systematic progression.

Amidst the pandemic, aligning with new dynamics, global air quality sensor market has been witnessing new dynamics which are further necessitating new business models and approaches to recoup growth and revenue streams.

In this report, inquisitive business players would be provided with sufficient guidelines regarding business transformation, integral to sustain stiffening competition in the pandemic and beyond pandemic era global air quality sensor market.

The Air Quality Sensor Market was valued at USD 4.21 billion in 2020 and is expected to reach USD 7.99 billion by 2028, growing at an 8.36% CAGR between 2021 and 2028.

Air Quality Sensor for Indoor Services to Sustain the Highest Revenues

The fixed indoor monitors is expected to account for the largest share of the indoor monitors market in 2020, primarily due to the growing need to maintain controlled indoor environment and monitor the level of atmospheric gases and air pollutants inside facilities like manufacturing units, laboratories, and storage area, among others, particularly in industries like pharmaceutical industries, biotechnology and microbiology industries, food and beverages industries, cosmetic industries, etc.

Chemical Pollutants to be the Most Lucrative

The chemical pollutants segment accounted for the largest share of the global air quality monitoring systems market in 2020. This segment is projected to reach USD 4.43 billion in 2026. Market growth is mainly attributed to the rising levels of chemical air pollutants globally. In addition, the implementation of and the need to comply with stringent pollution monitoring and control regulations, growing public awareness, and the development and commercialization of innovative sensors are supporting the growth of this market segment.

Government Agencies to Generate More Revenue

Government agencies and academic institutes commanded the largest share of the global air quality monitoring systems market in 2020. The demand of air quality monitoring devices among government agencies and academic institutions is driven by active government initiatives for effective air quality monitoring, increased number of research collaborations, and increased installation of AQM stations worldwide.

Stack Monitoring to Generate More Revenue

The stack monitoring segment is projected to grow at the highest CAGR during the forecast period. The low operational cost of stack monitoring, increasing government emphasis on regulatory compliance for industrial pollution monitoring, and the rising emphasis on pollution monitoring & control are factors expected to support the growth of this market.

North America to Sweep the Largest Revenue Streams Followed by APAC

North America will head the air quality sensors market over the forecast period. The presence of several key players, the presence of a huge pool of competent manufacturers, the region being at the cutting-edge of innovative and emerging technologies, the presence of many air quality sensors service providers and companies, the well-developed culture of air pollution control adoption, the proliferation of the technology industry, and organizations in Canada and the US implementing innovative solutions for the increasing awareness about air purifiers are adding to the global air quality sensor market growth in the region.

Asia-Pacific is one of the fastest-growing regions in the world, owing to the presence of emerging countries, like India and China, and other developed countries, such as Japan, South Korea, and Australia. As of 2020, the Asia-Pacific region was one of the leading markets for air quality monitoring systems. Majority of the demand comes from countries, like India, China, Australia, and others.

Favorable public and private initiatives for environmental conservation and public awareness to offer new opportunities in the global air quality sensor market

Increase in level of pollution has triggered the spread of disease such as asthma, chronic obstructive pulmonary disease, lung cancer, and cardiovascular problems among populace. The rise in awareness towards the adverse effects of polluted air on health has propelled the growth of air quality monitoring market.

In addition, the supportive government regulations pertaining to monitoring and control of air pollution and increase in public–private partnership for air quality monitoring have supplemented the demand for air quality devices.

Further, the local governments and the state are paying utmost attention to environmental management in their jurisdictions and also increase investment in emergency monitoring and environmental monitoring. This increases the need for air quality sensors that leads to the market growth.

Also, the major factor that is driving the growth of the global air quality sensor market is increasing airborne diseases and fatalities owing to it. Rapidly increasing urbanization, and economic and population growth have resulted in an increase in industrial activities, vehicle use, and energy consumption in cities across the globe, leading to pervasive urban air pollution

In present times, the evolution of air quality monitoring equipment, driven by the soaring trend of the Internet of Things, has allowed devices to assess both indoor and outdoor air quality. The devices are equipped with several sensors to detect the presence of numerous pollutants in various forms. The growing awareness of health-conscious people has made it imperative to monitor the air quality in various settings to maintain a healthy environment.

Forward-looking players in the global air quality sensor market are furthering investments towards developing advanced air quality sensor. The major factor that is driving the growth of the global Air Quality Sensor Market is increasing airborne diseases and fatalities owing to it. Rapidly increasing urbanization, and economic and population growth have resulted in an increase in industrial activities, vehicle use, and energy consumption in cities across the globe, leading to pervasive urban air pollution.

Air quality sensor can serve many purposes and help bring attention to environmental issues beyond the scope of the human eye. With the most recent and advanced technologies, the solutions used for air quality monitoring sensors are becoming not only more precise but also faster at measuring.  Numerous individuals invest the majority of their energy inside, and IAQ vitally affects their solace and wellbeing; helpless air quality can make room stodgy and awkward, and it can adversely affect the efficiency, intellectual capacity, wellbeing, and prosperity of the indoor inhabitants.

High costs associated with the purchase, establishment, and maintenance of aqm sensors as well as high establishment costs for aqm stations are further aggravated by the implementation of stringent pollution control policies across mature markets that require regulatory compliance for effective air pollution monitoring as well as data collection and data surveillance.

The continuous research and development, and commercialization of advanced AQM systems (such as miniaturized devices, nanotechnology-based systems, infrared spectroscopy, and remote-sensing instruments) are expected to offer significant growth opportunities for prominent as well as emerging players in the AQM industry. Consequently, various industrial players and research organizations are increasingly focusing on developing and commercializing advanced AQM products. For instance, nanotechnology based AQM products offer several procedural benefits, such as real-time monitoring capabilities, device miniaturization, increased analytical efficacy, and affordable manufacturing.

The major players of the global air quality sensor market are 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.

The air quality sensor market is a rapidly progressing industry and is characterized to have industrial frontliners as well as aspiring new players aiming to penetrate into the aggressive competitive landscape across global and local markets. Additionally, various new and aspiring players are improving their product lines and upgrading technological capabilities to improve revenue streams amidst Covid-19 impact.

Latest Innovations in the Global Air Quality Sensor Market: a Snapshot

• In February 2020, the embassy of the United States declared that it is likely to monitor air quality in multiple locations across North India to help control pollution levels. The move has come after the US Mission distributed 58 low-cost air quality monitors and 14 weather stations to the Society for Indoor Environment, an Indian NGO.
• In July 2019, the European Commission DG SANCO funded the Indoor Air Monit project in Europe, which was led by DG Joint Research Center (2010-2012), and it developed a framework of harmonized criteria, protocols, and monitoring techniques for indoor air pollutants to cope with five different IAQ (Indoor Air Quality) objectives. Each of these IAQ objectives has its own specific scope, targets, and associated operational practices.
• The AIRMEX (European Indoor Air Monitoring and Exposure Assessment) project deals with the comparison of indoor and outdoor monitors, along with personal exposure concentrations of VOCs (Volatile Organic Compounds) across European cities.

Air Quality Sensor Market Scope

Key Segments of the Global Air Quality Sensor Market

Product Overview, (USD Billion)

• Indoor
• Outdoor
• Wearable

Sampling Overview (USD Billion)

• Stack
• Manual
• Passive

Pollutant Overview, (USD Billion)

• Chemical
• Particulate Matters
• Biological

User Overview, (USD Billion)

• Government
• Petrochemical
• Power Plant
• Residential

Regional Overview, (USD Billion)

North America

• U.S
• Canada
• Mexico

Europe

• Germany
• France
• UK
• Rest of Europe

Asia Pacific

• China
• India
• Japan
• Rest of APAC

LAMEA

• South America
• Middle East
• Africa