Air Quality Monitoring System Market is Anticipated to Grow US$ 8.2 Billion By 2027

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New York, United States: The Report on Air Quality Monitoring System Market by Decisive Markets Insights was released in the middle of Covid -19 after a thorough analysis of the top players and primary interviews with key industry figures. A market study from Air Quality Monitoring System Market examines the market size, segmentation, future trends, growth rate, drivers and challenges, as well as the sales channels and distributors.

The global Air Quality Monitoring System market gathered revenue around USD 5.2 Billion in 2020 and market is set to grow USD 8.2 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 7.2% during the prediction period 2021 to 2027.

Overview of Air Quality Monitoring System Market Study

Air Quality Monitoring System market study conducted by Nova One Advisor is intended at helping stakeholders get a comprehensive overview of potential challenges and undiscovered opportunities. The report offers exclusive insights to help companies and their customers to make informed decision to sustain growth through the assessment period.

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Growth Factors:

The growth of this market is majorly driven by factors such as rising levels of air pollution, supportive government regulations for effective air pollution monitoring and control, and ongoing initiatives toward the development of environment-friendly industries. Adding to this, increasing public-private funding for effective air pollution monitoring, and the increasing public awareness related to the environmental and healthcare implications of air pollution also supports the growth of this market.

Air quality monitoring systems Market Dynamics
Driver: Favorable public & private initiatives for environmental conservation and public awareness
A number of favorable initiatives have been taken by government as well as non-government organizations and private sector to reduce and cut down air pollution through means of public awareness campaigns and programs. Such programs and initiatives not only help to raise awareness among common people, but also play an important role to bring the attention of international organizations to the current and future threat of air pollution that the world is facing. Many government and non-government organizations work continuously to bring the attention of national and international societies to the devastating effect of air pollution on the health of living beings and to the environment. Prominent public organizations involved in driving public awareness on environmental impacts of air pollution include the EPA (United States Environmental Protection Agency), Clean Air in London (London), Coalition for Clean Air (California, US), Sierra Club (US), Union of Concerned Scientists (US), Mom’s Clean Air Force (US), Global Action Plan (International), Little Ninja (UK), Earthjustice (US), and German VCD (German Sustainable Transport Association). For example, In April 2021, United Nations Environment Programme (UNEP) partnered with the Republic of Korea’s Capital Metropolitan Area, which includes Seoul, Incheon and Gyeonggi province, to help them expand their efforts to tackle air pollution in the region. In September 2019, 3M and Clean Air Asia which is an international non-governmental organization signed a collaboration agreement to provide science-based air quality solutions for New Delhi, India, and Metro Manila, Philippines. According to the agreement, 3M will assist Clean Air Asia, over the course of next 5 years, in its efforts to assess baseline air quality conditions, design capacity-building programs for air quality management, implement awareness and education campaigns, develop Clean Air Action Plans with selected city and district governments, and measure the resulting impact on air pollution levels.

Restraint: High product cost
The high installation cost and high maintenance cost of conventional air monitoring system hinders the growth of the market. For instance, the installation of reference air quality monitoring stations is expensive and costs anywhere between USD 100,000–200,000 for a single station. In India, the cost of a single AQM station is estimated to be between USD 0.21–0.35 million (excluding the costs of yearly maintenance). The maintenance cost of pollution-monitoring stations is also high (up to 10% of the installation cost for overall maintenance during a 10-year period).

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. Therefore, the premium pricing of advanced monitoring products, as well as the high installation costs of AQM stations, are expected to restrain their optimal market growth—though mainly across emerging countries—during the study period.

Opportunity: Continuous R&D and technological advancements
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.

In the same line of advancements, a low-power gas sensor nano-chip has been developed by a team of international researchers making possible the development of personal air-quality monitoring devices. This nanochip sensor is based on a chemical-sensitive field-effect transistor (CS-FET) platform which is further based on 3.5-nanometer-thin silicon channel transistors. (Source: American Association for the Advancement of Science journal). Pipeline development and the increased market availability of technologically advanced air pollution monitoring systems are expected to offer potential opportunities for market growth in the coming years.

Challenge: Slow implementation of air pollution control reforms
One of the major challenges associated with the air quality monitoring systems market is the slow implementation of air pollution regulations. Several emerging countries (such as China and India) have been reported to be slow in implementing stringent environmental pollution monitoring norms during the past decade. For example, in April 2021, government of India postponed the deadline for thermal powerplants to install Flue Gas Desulphurization units to cut the emissions of sulfur dioxide, and allowed utilities that miss the new target to continue operating after paying a penalty, according to a government notice. The initial deadline was set to 2017 but now has been postponed up to 2022 for plants near populous region and capital New Delhi, and up to 2025 for facilities near less populated regions. Similarly, a dearth of well-trained and skilled technical professionals to undertake pollution monitoring and control measures and limited R&D infrastructure to develop affordable air pollution monitoring technologies in developing countries are further hampering the implementation of effective pollution monitoring and control reforms.

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COVID-19 Impact on Air Quality Monitoring System Sales

Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Air Quality Monitoring System market.

Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.

Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.

Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Air Quality Monitoring System market 2021 onwards. This trend will however continue through the course of the report’s assessment period

Key Players:

This report provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the Air Quality Monitoring System market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the prominent players in the Air Quality Monitoring System market include:

Thermo Fisher Scientific (US), Emerson Electric (US), General Electric (US), Siemens AG (Germany), Teledyne Technologies (US), PerkinElmer, Inc. (US), Agilent Technologies, Inc. (US), Spectris plc (UK), 3M Company (US), Honeywell International Inc (US), HORIBA, Ltd. (Japan), Merck KGaA (Germany), TSI Incorporated (US), Tisch Environmental (US), Testo (Germany), Aeroqual (New Zealand), Forbes Marshall (India), Plume Labs (France), Atmotube (US), Oizom (India), Ecotech Group (France), Vaisala Oyj (Finland), TZOA (Canada), TE Connectivity (Switzerland), and E.S.I. Environmental Sensors Inc. (Canada), among others.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

Global AQMS Market, by Product

  • Indoor monitors
    • Fixed
    • Portable
  • Outdoor monitors
    • Fixed
    • Portable
    • Dust & Particulate
    •  AQM Stations
  • Wearable monitors

Global AQMS Market, by Sampling Method

  • Active/Continuous Monitoring
  • Passive Monitoring
  • Intermittent Monitoring
  • Manual Monitoring
  • Stack Monitoring

Global AQMS Market, by Pollutant

  • Chemical Pollutants
    • NOX
    • SOX
    • COX
    • VOCs
    • Other Chemical Pollutants
  • Physical Pollutants
  • Biological Pollutants

Global AQMS Market, by End User

  • Government Agencies and Academic Institutes
  • Commercial and Residential Users
  • Petrochemical Industry
  • Power Generation Plants
  • Pharmaceutical Industry
  • Smart City Authority
  • Other End Users

Why Buy this Report?

The purpose of Nova one advisor’s Air Quality Monitoring System market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

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