Air Quality Monitoring Market to Reach US$ 5.5 Billion by 2024 | CAGR 5% – IMARC Group

Air Quality Monitoring Market to Reach US$ 5.5 Billion by 2024 | CAGR 5% - IMARC Group

Global Air Quality Monitoring Market to Reach US$ 5.5 Billion by 2024, Stimulated by Increasing Levels of Pollution in the Atmosphere –
The global air quality monitoring market is driven by increasing pollution levels, along with favorable government initiatives to turn industrial operations more environment friendly.

As per the latest report by IMARC Group, titled “Air Quality Monitoring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the market size reached US$ 4.1 Billion in 2018. On account of factors such as industrialization, rapid urbanization, growing global population and boosting sales of vehicles, the level of pollution has increased in recent years which, in turn, has adversely impacted the human health. Consequently, it has become imperative to track pollutant levels by systematically monitoring air quality and taking actions based on the level of pollution in the atmosphere. Nowadays, the demand for air quality monitors is rising as they are employed in both the indoor and outdoor environments for detecting common air pollutants such as nitrous oxide, sulfur dioxide, particulate matter, carbon monoxide and volatile organic compounds.

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Global Air Quality Monitoring Market Trends:

Various industrial facilities regularly emit pollutants during their operations that cause a negative impact on the environment as well as the health of the individuals working on the premises. They primarily rely on air quality monitors to examine dispersion, dry deposition, and chemical transformation and monitor any deviation from the air quality standards. In line with this, governments in both developing and developed economies are undertaking various initiatives to make industrial operations relatively more environment friendly. They are introducing strategies for monitoring and improving the air quality which, in turn, is escalating the sales of air quality monitors around the world. Apart from this, manufacturers are launching low-cost and portable air quality monitors to expand their consumer base. Looking forward, the market is projected to reach a value of US$ 5.5 Billion by 2024, expanding at a CAGR of around 5% during 2019-2024.

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Market Summary:

  • Based on the product type, the market has been segmented into indoor, outdoor and wearable monitors.
  • On the basis of the pollutant, the market has been segregated into chemical, physical and biological pollutants.
  • The market has been analyzed on the basis of the sampling method into active/continuous, passive, intermittent and stack monitoring.
  • Based on the end user, the market is divided into government agencies and academic institutes, commercial and residential users, petrochemical industry, power generation plants, pharmaceutical industry, and others.
  • Region-wise, the market has been classified into Europe, Latin America, North America, Asia Pacific, and Middle East and Africa.
  • The competitive landscape of the market has also been examined with some of the key players being Thermo Fisher Scientific, Siemens, Teledyne Technologies, Emerson Electric, General Electric, 3M, Horiba, Merck, Aeroqual, TSI, Testo, Honeywell, Agilent Technologies, TE Connectivity, Tisch Environmental and Spectris.

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