Air Quality Monitoring Market Size, Share, Growth Analysis, By Product Type(Indoor and Outdoor), By Pollutant(Chemical and physical), By Component(Hardware, software and service), By End-User(Residential, commercial and industrial) - Industry Forecast 2024-2031

Global Air Quality Monitoring Market size was valued at USD 4.46 billion in 2019 and is poised to grow from USD 4.77 billion in 2023 to USD 8.12 billion by 2031, growing at a CAGR of 6.9% in the forecast period (2024-2031).

Monitoring of air quality serves as a method for providing data on the amount and location of pollutants. It serves as a tool for spreading knowledge about effective ways to enhance air quality for sustainable development. Indoor, outdoor, and portable monitoring systems can all be used to keep an eye on the air quality. Particulate matter, sulfur dioxide, nitrogen oxide, carbon monoxide, and other quantities are among the substances that these monitoring devices are intended to find. These devices help to determine the presence of pollutants like nitrous oxide, carbon monoxide, particulate matter, sulfur dioxide, and other harmful pollutants which can cause health problems.

The market is significantly impacted by strict emission laws. To reduce the amount of air pollution coming from industrial locations, local governments in each region created various restrictions. Thus, in order to manage and monitor the level of pollutants, oil and gas production facilities as well as power generation facilities are required to abide by these standards. Developing nations have also made efforts to track the quantity of air pollution. Government rules are therefore expected to increase demand for air quality monitors worldwide. Additionally, the degree of air pollution has increased due to the addition of pollutants including sulfur dioxide, carbon monoxide, carbon dioxide, and particulate matter due to the expansion in industrialization around the world. The rate of industrialization has accelerated recently as a result of improving economic conditions in developing countries, which has led to an increase in air pollution levels. As a result, the demand for air quality monitoring systems has increased in order to manage and monitor the degree of air pollution in the surrounding environment.

There is a demand for air quality monitors in residential, commercial, and industrial applications. Regulations have been created by the government regarding the installation of air quality monitors in industrial buildings. Such monitors are now being installed by both commercial and residential clients to track the number of air pollutants in the area. However, the expensive cost of air quality monitors has hampered market growth. The price of air quality monitors is expected to decrease during the forecast period due to ongoing technological progress.

US Air Quality Monitoring Market is poised to grow at a sustainable CAGR for the next forecast year.