Name: air quality monitoring equipment market
Brand: Future Market Insights
SKU: REP-GB-11083
Price: 5000 USD
Availability: InStock
Rating: 4.7 (23 reviews)

Residential and Commercial Sectors to Widen Growth Avenues

Government environment monitoring agencies and the industrial sector - pharmaceuticals and petro-chemicals - would remain key revenues generators in air quality monitoring equipment market. Together, the deployment of air quality monitoring equipment in these end-use areas is poised to cross US$ 5 Bn by 2029 end. As government mandates are getting stricter, the installation of air quality monitoring equipment in residential and commercial sectors - hotels & restaurants, and corporates & academic institutions – would surge at a rapid pace.

Air Quality Monitoring Equipment Adoption Assessment, 2019 (E)

North America and Europe Take Lead, APEJ to Draw Near

North America and Europe, capturing nearly 70% revenue share, would stay at the forefront of the air quality monitoring equipment market. This revenue growth is primarily attributable to well-established tech-forward manufacturers and stringent regulatory framework in these regions. Government norms in developing regions have been lax; however, given the rising mortalities due to air pollution in countries such as China, and India, these norms are becoming stringent. Market players are thus citing opportunities of growth and profitability in Asia Pacific (excluding Japan).

Smart Air Quality Monitoring Equipment to Shape Future Outlook

Cutting-edge technologies such as Internet of Things (IoT), automation, and robotics, among others, are resetting the bar for how players perceive the development and delivery of products. Moreover, these innovations are rapidly transforming the air pollution monitoring paradigm.

For instance, smart air quality monitoring equipment helps in the real-time monitoring of air quality in tandem with reducing the pollutants present in the air. Equipped with air quality monitoring software, these smart devices are able to transfer up-to-date data to a remote server. Such tech-enabled improvements are reflecting lucrative opportunities for air quality monitoring system vendors in the coming years.

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How Growth will Unfold

Accounting for around ¾ of total market value, indoor air quality monitors continue to attract significant investments from stakeholders. As this figure will follow a positive trend, market players are highly focused on this monitoring equipment. By 2021, indoor air quality monitors worth over US$ 4 Bn would be deployed across various use cases. This study also reveals that, value creation of indoor air quality monitors is likely to be thrice that of outdoor variants by the end of the forecast period.

Indoor Air Quality Monitors Continue to hold Prominence

FREQUENTLY ASKED QUESTIONS ABOUT AIR QUALITY MONITORING EQUIPMENT MARKET

What are the factors driving the growth of the air quality monitoring equipment market?

Rising air pollution in various cities across the globe and rapid industrialization in emerging economies are projected to drive growth of the air quality monitoring equipment market.

Which region will lead the global air quality monitoring equipment market?

North America and Western Europe are dominating the air quality monitoring equipment market. However, North America is expected to strengthen its dominance during the forecast period, owing to increasing air quality monitoring initiatives in the U.S. and presence of early technology adopters.

What are the rising trends in the air quality monitoring equipment market?

The rising trend of wearable technology to improve outdoor and indoor air quality, and emergence of low-cost ambient air quality monitoring systems, are expected to have a significant impact on the air quality monitoring equipment market in the coming years.

Who are the prominent players in the air quality monitoring equipment market?

The air quality monitoring equipment market comprises large as well as mid-sized vendors, including SKC Ltd, Honeywell, Thermo Fisher Scientific, Vaisala, ENVEA group, TSI Incorporated, Ecotech, and LumaSense Technologies, among others.

Which end user segment will experience significant sales growth in the next five years?

The government environment monitoring agencies segment is expected to hold significant market share during the forecast period. The residential segment is expected to witness notable sales in the coming years, owing to increasing demand for smart air quality monitoring systems to minimize indoor and outdoor air pollution.

What are the major challenges for the air quality monitoring equipment market?

Less awareness about indoor air pollution and lack of strict and mandatory regulations for air quality monitoring in various countries are restricting the growth of the global air quality monitoring equipment market.