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

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).

The air quality monitoring market is fragmented and highly competitive. Key industry players are focused on product developments, new product launches, and geographical expansions to gain a significant amount of market share. These players have been making substantial efforts to expand their market penetration throughout the world through the development of new products, the installation of new bases, the construction of additional production facilities, and the establishment of related R&D facilities. 'Thermo Fisher Scientific', 'Emerson Electric', 'General Electric', ' Teledyne Technologies Inc. ', ' Honeywell International Inc. ', ' Siemens AG ', ' 3M Company ', ' Merck KGaA ', ' Horiba Ltd. ', ' Aeroqual Ltd. ', ' Testo AG ', ' TSI Inc. ', ' Ecotech Pty Ltd. ', ' Environnement S.A. ', ' Opsis AB ', ' E Instruments International LLC ', ' Kaiterra ', ' Gasmet Technologies Oy ', ' Synspec BV ', ' Acoem Group '

Several positive activities are being implemented by the regional government, non-governmental organizations, and the commercial sector to reduce and reduce air pollution through public awareness programs and campaigns. Since more people are becoming aware of the negative effects that inhaling contaminated air may have on their health, the market for air quality monitoring has expanded. For example, in November 2021, the Pune Municipal Corporation (PMC) in India began activities under the Union government's National Clean Air Program (NCAP). This project intends to develop and expand the air quality monitoring network across the nation by raising public awareness and ensuring the strict implementation of measures for the abatement, prevention, and control of air pollution levels. Additionally, the supportive government rules related to the monitoring and control of air pollution as well as the rise in public-private partnerships for AQM solutions have boosted the demand for air quality monitors.

R&D and constant technological advancements are key trends in the market. The current market research and development associated with improvements in AQM systems, such as nanotechnology-based systems and remote sensing instruments, are predicted to provide improved growth prospects for both established and up-and-coming competitors in this market. The commercialization and development of cutting-edge AQM products is therefore a constant focus of several research groups and industry entities. Examples of procedural advantages offered by AQM products based on nanotechnology efforts and advances include device shrinking, real-time monitoring capabilities, and improved analytical efficacy.

Asia-Pacific is projected to dominate the market. In Asia, air pollution is reaching alarmingly high levels, which is very bad for the locals' health. The current state of affairs is mostly a result of the expanding industrialization of developing nations, which has increased the number of chemical pollutants in the countries, some of which are also lethal. It is thought that South Asia is the region with the most ambient air pollution. According to the World Air Quality Report 2020, 37 of the top 40 most polluted cities in the world are in South Asia. In addition, China, Japan, and India have high air pollution levels. The countries in the region are doing everything they can to deal with the current situation. In recent years, air quality monitoring systems have been implemented in numerous local businesses and communities throughout the region. In February 2021, The Madhya Pradesh Pollution Control Board (MPPCB) announced a tender to build air quality monitoring stations in a number of state cities. The qualified bidders are required to deliver, install, and commission data online transmission systems to CPCB and MPPCB servers as well as these systems at 9 ambient air quality monitoring stations. In November 2021, the Vietnamese government announced a new plan for managing the country's air quality. The National Plan for Air Quality Management (2021-2025) incorporates emission controls from sources such as industries, transportation, agriculture, and construction activities through the installation of continuous automatic emissions monitoring equipment. Because of such developments, it can be predicted that the Asia-Pacific region is likely to dominate the market during the forecast period.