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Air Quality Monitoring Market Overview
The global air quality monitoring market generated $3.9 billion revenue in 2017 and is projected to witness a CAGR of 8.9% during the forecast period, on account of the increasing level of air pollution, growing awareness on the environmental and health effects of air pollution, and favorable government regulations.
On the basis of product, the air quality monitoring market is categorized into indoor and outdoor air quality monitors. During the forecast period, the demand for outdoor air quality monitors is expected to witness higher growth in the market, with a CAGR of 10.5%.
The air quality monitoring market is also classified into chemical, physical, and biological pollutants. Chemical pollutant air quality monitoring held the largest share in the market during the historical period.
On the basis of sampling method, the market is categorized into continuous, manual, passive, and intermittent air quality monitoring. The continuous sampling method category is expected to lead the air quality monitoring market in the coming years, both in terms of size and growth, and is expected to register a CAGR of 9.8% during the forecast period.
On the basis of end user, the air quality monitoring market is categorized into government agencies and academic institutes, commercial and residential sectors, petrochemical industry, power generation plants, pharmaceutical industry, and others. Of these, the fastest growth in the market is expected from commercial and residential sectors, with a CAGR of 9.9% during the forecast period.
Geographically, North America held the largest share, accounting for 37.9%, in the air quality monitoring market, in 2017. This can be attributed to the increasing number of patients with respiratory disorders, growing awareness on the environmental and health effects of air pollution, and rising pollution level. According to the American Cancer Society, the statistics of lung cancer predicted for the U.S. for the year 2018 include around 234,030 new cases (121,680 in men and 112,350 in women) and about 154,050 deaths (of 70,500 women and of 83,550 men).
Air Quality Monitoring Market Dynamics
Factors such as increasing level of air pollution and growing awareness on the environmental and health effects of air pollution are driving the growth of the air quality monitoring market. In addition, favorable government regulations are contributing to the growth of the market, globally.
Increasing level of air pollution is adversely impacting the urban lifestyle and the environment at large. Air pollution can be defined as the emission of hazardous chemicals into the atmosphere. According to World Health Organization (WHO), more than 50% of the world’s population live in urban areas. It is expected that by 2050, 70% of the world’s population will be living in towns and cities.
Rising pollution level, especially in urban areas, is a result of increasing construction activities, growing number of vehicles, and rapid industrialization. It has significantly impacted the health of people, thus creating a huge demand for systems for monitoring and controlling air quality. This, in turn, continues to drive the growth of the air quality monitoring market.
The number of deaths caused by air pollution in Asia has witnessed a significant increase in the past two decades. The number of deaths due to air pollution was around 4.2 million in 2016, as compared to 3.4 million in 1990. Among all regions in Asia and South Asia accounted for the maximum number of deaths due to air pollution in 2016. According to the WHO, out of 8.8 million deaths caused by all cancer types, 1.7 million deaths occurred due to lung cancer in 2015, globally.
Advancements in technology and huge untapped potential in emerging economies are two key factors offering ample growth opportunities to the players operating in the air quality monitoring market. Technological advancements are revolutionizing the way air quality is monitored and controlled. Various government organizations and market vendors are actively focusing on research to develop, evaluate, and implement new air quality technologies. Hence, advancements in technology, which are resulting in the development of low-cost and portable air quality monitoring sensors, continue to offer growth opportunities to the market players.
Air pollution in developing countries is increasing at a high rate, as a result of rapid industrialization and growing number of vehicles. Therefore, governments of these countries are framing regulations to curb air pollution. This is resulting in increased demand for devices for monitoring air quality in countries such as China and India, which, in turn, is creating lucrative opportunities for the air quality monitoring market players.
Air Quality Monitoring Market Competitive Landscape
As part of business strategy, companies are launching various products in the air quality monitoring industry to increase their market share. For instance, in February 2018, Teledyne API, a business unit of Teledyne Technologies Incorporated, launched an ambient air quality monitoring instrument, the Model T640 PM Mass Monitor, which continuously measures the concentration of fine particulate matter of diameter 2.5 microns (PM2.5) in real time. The instrument helps produce more accurate, time-resolved PM2.5 measurements and has low operating and maintenance costs.
Besides, in January 2018, the Siemens Building Technologies Division of Siemens AG introduced a new fine dust sensor for buildings for a healthy indoor environment. The sensor can monitor and visually project particle pollution and can be easily integrated into building management systems. It is ideal for use in offices and high-end residential buildings.
Some of the other key players operating in the global air quality monitoring market are Thermo Fisher Scientific Inc., Merck KGaA, HORIBA Ltd, TSI Incorporated, 3M Company, Autotronic Enterprise Co. Ltd, Aeroqual Limited and ECOTECH GROUP.