Global Industry Growth Boosting Factors:
# Active government initiatives for air pollution monitoring and control
# Growing concerns over rising air pollution
# Favorable public and private initiatives for environmental conservation and public awareness
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 air quality monitoring system market.
The air quality monitoring market is expected to experience steady growth owing to the rising concern of air pollution. According to WHO, a mbient air pollution accounts for an estimated 4.2 million deaths per year due to stroke, heart disease, lung cancer, acute and chronic respiratory diseases. Around 91% of the world’s population lives in places where air quality levels exceed WHO limits. While ambient air pollution affects developed and developing countries alike, low- and middle-income countries experience the highest-burden, with the greatest toll in the WHO Western Pacific and South-East Asia regions. According to WHO, 3.8 million people a year die prematurely from illness attributable to the household air pollution. Among these 3.8 million deaths:
# 27% are due to pneumonia
# 18% from stroke
# 27% from ischaemic heart disease
# 20% from chronic obstructive pulmonary disease (COPD)
# 8% from lung cancer
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Expected Growth Rate:
The global air quality monitoring system market is projected to be growing at a healthy rate of 6.5% during the forecast period.
Major Objectives of This Study:
# To define, describe, and forecast the global air quality monitoring system market by product, sampling method, pollutant, end user, and region.
# To provide detailed information about the major factors influencing the growth of global air quality monitoring market (such as drivers, restraints, opportunities, and challenges).
# To analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall air quality monitoring system market.
# To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players operating in the air quality monitoring market.
# To forecast the revenue of market segments with respect to five key regions, namely, North America (US and Canada), Europe (Germany, France, the UK, Italy, Spain, and the Rest of Europe), the Asia Pacific (China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America), and the Middle East and Africa.
# To profile the key market players and comprehensively analyze their market shares and core competencies.
# To track and analyze competitive developments such as new product launches; agreements, partnerships, and joint ventures; mergers & acquisitions; and research & development activities in the air quality monitoring system market.
End Users:
Based on end user, the air quality monitoring system market is segmented into government agencies and academic institutes, commercial and residential users, petrochemical industry, power generation plants, pharmaceutical industry, smart city authorities, and other end users. The government agencies and academic institutes segment dominated the global AQM end-user market in 2020.
The large share of this segment can be attributed to factors such as the presence of stringent environmental regulations (that mandate the adoption of air pollution monitoring products among industries), increased number of research collaborations, rising government investments for effective AQM and air pollution control, and the increasing installations of AQM stations worldwide. The commercial and residential users segment accounted for the second-largest share of the global air quality monitoring market in 2020.
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Impact of Covid-19 on Global Growth of air quality monitoring market:
Globally, the outbreak of COVID-19 has impacted every aspect of the industry, including air quality monitoring system market. From region to region there is considerable variation in the demand for air quality monitoring systems primarily due to considerable effect of pandemic on economy and purchasing power of buyers, and interruption in supply chain. The pandemic has disrupted lives across all countries and communities and negatively affected global economic growth in 2020. Estimates indicate the virus reduced global economic growth in 2020 to an annualized rate of -3.4% to -7.6%, with a recovery of 4.2% to 5.6% projected for 2021. Global trade is also estimated to have fallen by 5.3% in 2020.
Key Developments, Globally:
# In September 2020, Spektris (UK) launched the new ULTRA Series gas analyzer at Semicon Taiwan 2020.
# In February 2020, TSI Incorporated (US) introduced BlueSky Air Quality Monitor (Model 8143) to measure PM1, PM2.5, PM4 and PM10 mass concentrations, as well as temperature and humidity.
# In March 2019, Emerson Electric (US) launched Rosemount CT4400 Continuous Gas Analyzer with Quantum Cascade Laser (QCL) and Tunable Diode Laser (TDL) analyzer for Continuous emission monitoring.
Geographical Growth Dynamics:
The global air quality monitoring system market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. North America dominated the air quality monitoring systems market with the largest market share in 2020. The large share of this regional segment can primarily be attributed to the easy accessibility and fast adoption of advanced technologies among key stakeholders and the presence of stringent government regulations for effective pollution monitoring and control.
The air quality monitoring market in the Asia Pacific region is projected to register the highest CAGR during the forecast period. Growth in air quality monitoring system market is driven by factors such as the implementation of stringent air pollution regulations across major Asian countries and government support for the development and commercialization of advanced AQM products.
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