This is How Advanced Technologies are Transforming Global Air Quality Monitoring Industry

Impact of Advanced Technologies on Global Growth:

The introduction of advanced technologies into the air quality monitoring system industry has had a huge impact on global growth. Advances in technology have enabled better accuracy and precision in monitoring air quality, allowing for more accurate and reliable data. This has enabled organizations to make better decisions about how to reduce pollutant levels and improve air quality.

Additionally, advanced technologies have enabled the development of new and innovative monitoring systems, such as real-time monitoring, which can provide more detailed data on air quality in specific areas. These systems can also be used to track air pollution levels over time, allowing for more effective strategies to be developed in order to reduce air pollution.

The use of advanced technologies in air quality monitoring systems has also had a positive impact on the economic growth of the industry. Companies have been able to increase their profits by improving their air quality monitoring systems, as these systems have become more reliable and efficient. This increased efficiency has allowed companies to reduce their costs, enabling them to invest more in research and development, leading to new advancements and innovations in the industry.

Factors Which May Hinder Growth:

• High Cost: Air Quality Monitoring systems are expensive due to the cost of sensors, hardware, and software that are required for the system to function properly.
• Limited Availability of Data: Many air quality monitoring systems are limited in their ability to collect data from a wide range of sources, making it difficult to use the data for research and analysis.
• Lack of Standardization: Different countries and regions have different regulations and standards when it comes to air quality monitoring, making it difficult to compare data between different locations or systems.
• Lack of Public Awareness: While there is increasing public awareness of air pollution, many people are still unaware of the importance of air quality monitoring and the potential benefits it could provide.
• Limited Funding: Air quality monitoring systems require significant funding to be developed, maintained, and operated. This can be a major challenge for governments, businesses, and other organizations.

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Opportunities:

• Expansion of Existing Technologies: Companies in the global air quality monitoring system industry should look to expand existing technologies, such as using sensors and remote sensing to measure air quality. This would give companies a competitive edge and increase their market share.
• Increase in Investment: Companies should look to increase investments in research and development of new technologies, such as mobile air quality monitoring systems. This would help them stay ahead of the competition and provide more accurate data to their customers.
• Development of New Applications: Companies should look to develop new applications for air quality monitoring systems. For example, creating an app that would allow people to monitor air quality in their local area and receive alerts when the air quality deteriorates.
• Creation of New Distribution Channels: Companies should look to create new distribution channels for air quality monitoring systems. This could include selling through e-commerce websites, creating partnerships with local retailers, and creating educational campaigns to help people understand the importance of air quality monitoring.
• Expansion into Emerging Markets: Companies should look to expand into emerging markets, such as China and India, where air quality is a major concern. This would give them access to a larger customer base and provide them with an opportunity to increase their market share.

Future of global Air Quality Monitoring System Industry:

The future of the global air quality monitoring system industry is expected to be bright. With increasing awareness of the dangers of air pollution, more and more countries are investing in the development of air quality monitoring systems. This is expected to increase demand for these systems, resulting in an increase in their manufacture and sales.

Additionally, advances in technology are expected to enable more accurate and automated air quality monitoring systems. This is likely to lead to increased efficiency in air quality monitoring, thus allowing for faster response times to changes in air quality. Additionally, the emergence of the Internet of Things (IoT) is expected to further revolutionise the air quality monitoring industry, as this technology will enable real-time monitoring of air quality from any location. This could lead to more timely and effective responses to air pollution, thus improving air quality on a global scale.

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Air Quality Monitoring System Market – Continuous R&D and Technological Advancements

Major Objectives of the 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 market growth (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 systems market.

# To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players operating in the 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 systems market.

Major Growth Driving Factors:

The growth of this market is majorly driven by factors such as technological advancements in air quality monitoring systems, increasing public-private funding for effective air pollution monitoring, and the increasing public awareness related to the environmental and healthcare implications of air pollution.

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Expected Revenue Growth:

The global air quality monitoring system market is valued at USD 4.4 billion in 2021 and is expected to reach USD 5.9 billion by 2026, at a CAGR of 6.5% during the forecast period.

Market Size Estimation:

The market size estimates and forecasts provided in this study are derived through a mix of the bottom-up approach (revenue share analysis of leading players) and top-down approach (assessment of utilization/adoption/penetration trends, by products & services, end user, and region).

Data Triangulation:

After deriving the overall Air quality monitoring systems market value data from the market size estimation process, the total market value data was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all the segments, data triangulation and market breakdown procedures were employed wherever applicable. The data was triangulated by studying various qualitative and quantitative variables as well as by analyzing regional trends for both the demand- and supply-side macro indicators.

Recent Developments:

# 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 systems market is segmented into five major regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. North America is the largest regional market for air quality monitoring products, whereas the Asia Pacific market is estimated to grow at the highest CAGR during the forecast period.

Countries in this market are witnessing growth in their GDPs and a significant rise in disposable income among the middle-class population. These developments have led to increased government spending by various regional governments, modernization of industrial and public infrastructures, and rising penetration of cutting-edge environmental monitoring technologies (especially in rural areas).

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End Users:

Government agencies and academic institutes were the key end-users in the air quality monitoring systems market

Based on end user, the air quality monitoring systems 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.

Government agencies and academic institutes commanded the largest share of the global air quality monitoring systems market in 2020. The demand of air quality monitoring devices among government agencies and academic institutions is driven by active government initiatives for effective air quality monitoring, increased number of research collaborations, and increased installation of AQM stations worldwide.

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 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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Air Quality Monitoring System Market - Technological Advancements in the Field of Air Pollution Monitoring

Recent Developments in the Global Air Quality Monitoring Market:

# In March 2019, Thermo Fisher Scientific (US) launched the TriPlus 500 Gas Chromatography Headspace Autosampler.

# In February 2018, TSI (US) acquired 3M’s (US) Personal Safety Division, which includes offerings focused on noise, environmental, and heat stress monitoring. TSI also acquired 3M's Oconomowoc, Wisconsin facility.

# In November 2017, Emerson (US) collaborated with Fluenta (Norway) to provide ultrasonic flare gas measurement solutions for the oil & gas and chemical industries. This collaboration was aimed at improving energy efficiency and compliance with regulations to monitor and report flare gas emissions across the globe.

Expected Revenue Surge:

The global air quality monitoring system market is expected to reach USD 6.0 billion by 2025 from USD 4.3 billion in 2019, at a CAGR of 5.6%.

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Growth Boosting Factors:

The major factors driving the growth of the air quality monitoring market include the supportive government regulations for effective air pollution monitoring and control, ongoing initiatives towards the development of environment-friendly industries, increasing public-private funding for effective air pollution monitoring, rising levels of air pollution, and increasing public awareness related to the environmental and healthcare implications of air pollution.

Key Questions Addressed by the Report:

# What are the growth opportunities related to the adoption of AQMS products across major regions in the future?
# Emerging countries have immense opportunities for the growth and adoption of AQMS products. Will this scenario continue in the next five years?
# Where will all the advancements in products offered by various companies take the industry in the mid- to long-term?
# What are the new trends and advancements in the market?

Market Size Estimation:

Both top-down and bottom-up approaches were used to estimate and validate the total size of the Air Quality Monitoring Market. These methods were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

# Product mapping of various manufacturers for each type of air quality monitoring products at the regional and country-level

# Relative adoption pattern of each air quality monitoring product among key end-users at regional and country-level

# Detailed primary research to gather quantitative information related to segments and subsegments at the regional and/or country-level

# Detailed secondary research to gauge prevailing market trends at the regional and/or country-level

End Users:

Government agencies and academic institutes held the largest share of the AQMS market in 2019

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 authority, and other end users. The government agencies and academic institutes segment accounted for the largest share in 2018. The large share of this segment can be attributed to the presence of stringent environmental regulations, rising government investments for effective AQM, and increased installation of AQM stations worldwide.

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Geographical Growth Scenario:

North America to dominate the Air Quality Monitoring Market during the forecast period

Geographically, the Air Quality Monitoring System Market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America held the largest share of the market in 2019. Factors such as easy accessibility and fast adoption of advanced technologies among key stakeholders and the presence of stringent government regulations for effective pollution monitoring and control are contributing to the large share of the North American region.

Key Players:

The major players operating in the Air Quality Monitoring Market include Thermo Fisher Scientific (US), Emerson Electric (US), General Electric (US), Siemens AG (Germany), Teledyne Technologies (US), PerkinElmer, Inc. (US), Agilent Technologies, Inc. (US), Spectris plc (UK), 3M Company (US), Honeywell International Inc (US), HORIBA, Ltd. (Japan), Merck KGaA (Germany), TSI Incorporated (US), Tisch Environmental (US), and Testo (Germany), among others.