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Home›External market›Air Quality Monitoring Market Outlook to 2027: Siemens, Thermo Fisher Scientific, Horiba and Emerson Electric Dominate – ResearchAndMarkets.com

Air Quality Monitoring Market Outlook to 2027: Siemens, Thermo Fisher Scientific, Horiba and Emerson Electric Dominate – ResearchAndMarkets.com

By Pia
March 11, 2022
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DUBLIN–(BUSINESS WIRE)–The report “Air Quality Monitoring Market – Growth, Trends, COVID-19 Impact, and Forecast (2022-2027)” has been added to from ResearchAndMarkets.com offer.

Air Quality Monitoring Market was valued at USD 4.2 Billion in 2020, and it is projected to reach USD 6.5 Billion by 2027, registering a CAGR of roughly 5.01% in 2022- 2027.

The market has definitely faced the consequences of the COVID-19 pandemic, as the shutdowns have led to a decrease in air pollution, especially in the transport and industrial sector.

As an example, the Central Pollution Control Board (CPCB), India, published a report on “the impact of JANTA curfew and lockdown on air quality”, which revealed the facts that the lockdown has led to a significant improvement in the country’s air quality. . Thus, the demand for air quality measurement equipment has reduced in various sectors.

The market is expected to accelerate in the near future owing to growing concerns over air quality and expanding industrialization in many countries. However, the penetration of cleaner energy sources like renewable energy and nuclear power is expected to hamper the market growth due to the ever decreasing product requirement.

Highlights

The outdoor air quality equipment industry is expected to grow at a faster rate over the forecast period due to government policies on air quality standards in open spaces.

Technological advancements in air quality monitoring systems create enormous opportunities for the technological development of devices and their applications. For example, recent IoT-based devices, which are more interactive in their operation and use new technologies to communicate and provide data, are in vogue these days. They are called the next generation air quality monitoring systems, which are researched for many R&D professionals in the region.

The Asia-Pacific region is expected to experience significant growth in the coming years due to the increasing rate of urbanization or industrial activities in developing countries.

Main market trends

Outdoor Monitor Segment Expected to Grow Significantly

Outdoor air quality monitoring systems are installed to track air pollution caused by the transport sector, industrial sector, construction activities and all other external sources of pollution. The air outside of confined spaces is believed to contain more harmful pollutants than indoor air due to the presence of the point sources mentioned above.

The US government has succeeded in reducing average PM2.5 concentration levels in the country by 41% over the past decade, to 8.02 micrograms per cubic meter. The objectives were achieved through policies regulating air quality standards in various sectors, which eventually led to the high deployment of air quality monitoring systems even at the local level.

Asia-Pacific is expected to dominate the market

Air pollution is reaching alarming levels in Asian countries, which is very detrimental to the health of the inhabitants. The current situation is particularly due to the increasing industrialization of developing countries, which has led to the increase of chemical pollutants in the nations, some of which are deadly too.

South Asia is considered the epicenter of ambient air pollution. According to the World Air Quality Report 2020, of the 40 most polluted cities in the world, 37 are in South Asia. Apart from this, high levels of air pollution are recorded in China, Japan and India. The countries of the region are sparing no effort to deal with the current situation. Many industries and many local settlements or areas in the region have been installed with air quality monitoring systems in recent years.

Companies cited

  • Siemens AG

  • Thermo Fisher Scientific Inc.

  • Horiba S.A.

  • Emerson Electric Co.

  • Hawa Dawa GmbH

  • Honeywell International Inc.

  • Teledyne Technologies Inc.

  • TSI inc.

  • Merck KGaA

  • Agilent Technologies Inc.

For more information about this report visit https://www.researchandmarkets.com/r/gwbg5l

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