The global air quality monitoring equipment market is expected to reach USD 6.6 billion in 2023 and is likely to register a CAGR of 7.3% to reach a valuation of USD 13.3 billion by 2033. The air quality monitoring equipment market is nearly 45% of the environmental monitoring market.
| Attribute | Details |
|---|---|
| Market Value 2023 | USD 6.6 billion |
| Market Value 2033 | USD 13.3 billion |
| CAGR% (2023 to 2033) | 7.3% |
| Share of Top 5 Players | 20% |
The air quality monitoring equipment market growth is likely to accelerate due to the continuous developments in environmental monitoring technologies.
The growth of the air quality monitoring equipment market is driven by the increasing installations of indoor air quality monitors, and outdoor air quality monitors in residential and commercial sectors. Also, the emergence of cutting-edge technologies, rising air pollution across the globe, and increasing need for natural source management would impact the market growth.
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Rising air pollution levels have spurred incidences of pulmonary diseases, lung cancer surgery, and cardiovascular ailments globally. This has triggered public consensus on the need to maintain precise air quality control measures. To ensure public welfare, the government has mandated meticulous air quality detection practices for automobiles and factories. Hence, organizations and automobile owners are investing in high-quality air quality monitoring equipment to ensure abidance by government safety regulations.
The anticipated smart cities of the future have become the focal point for the prominent economies of the world.
In June 2021, around USD 0.50 billion was invested in the nation’s smart city projects. High-precision air quality monitoring systems are going to be an indispensable part of smart city projects globally. This in turn, could drive innovations by key players, triggering a market boom.
Between 2017 and 2022, the market recorded a CAGR of 6.6, reaching a valuation of USD 6.1 billion by 2022.
Air pollution refers to the release of pollutants into the air that is detrimental to human health and the planet as a whole. Air pollution monitoring system consists of systematically assessing the ambient pollutants level in the surrounding indoor and outdoor air. The components of air quality monitoring systems comprise air sampling pumps, sorbent tubes, air filters & membranes, sample bags, and other accessories.
Short Term (2023 to 2026): Air quality monitoring systems have developed through embedding advanced technologies like the Internet of Things. These advanced, high-precision devices could find a wide variety of applications. Since the government is mandating air pollution regulations across all sectors, its application is no longer limited to automobile pollution control. Hence, during the initial phase, the market boom would primarily be triggered by technological advancement and diverse product applications.
Medium Term (2026 to 2029): Mid-term growth is anticipated to be bolstered by public-private partnerships focusing on eco-conservation. Due to rising global pollution levels, private organizations are joining hands with governments to aid in sustainable development, moving forward. Since public awareness of the need to preserve the environment is rising, this could be a key factor driving market growth during this phase.
Long Term (2029 to 2033): Focus on sustainable growth, which could positively impact long-term market growth prospects. Currently, leading brands have adopted sustainable manufacturing, processing, and operations as their primary goals. In the long run, sustainability is anticipated to emerge as the key guiding value of all enterprises. Hence, the market could expect steady expansion throughout the forecast period.
Between 2023 and 2033, the market is expected to record a promising CAGR of 7.3% to attain a valuation of USD 13.3 billion by 2033.
Air pollution is becoming a crucial problem globally. According to the WHO estimates, around 7 million people die every year from exposure to fine particles in polluted air that lead to diseases such as stroke, heart disease, lung cancer, chronic obstructive pulmonary diseases, and respiratory infections, including pneumonia.
Air quality monitors are the most important tools in environmental protection. These systems are based on environmental sensors data acquisition systems to display and record the data of PM10, PM25, CO2, temperature, and humidity. These systems help to monitor air quality.
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The United Kingdom is predicted to remain one of the most attractive markets during the forecast period. According to the study, the country is anticipated to witness an impressive CAGR of 10.4% by 2033 and estimated to reach a valuation of USD 603.3 million by 2033.
The demand for air quality monitors is expected to increase at a high rate as the country is using air quality monitor systems to monitor air quality and control urban air pollution. Key players of this country are coming up with innovations and strategies in this market. For instance, in September 2020, Spektris introduced the new ULTRA Series air analyzer at Semicon Taiwan 2020. The product can conquer the most stringent demands of the semiconductor industry, with exceptional measurement performance. Such developments in the country are likely to fuel the global market growth of air quality monitoring systems.
The air quality monitoring equipment demand in the United States is expected to account for 76.0% market share of North America through 2029. The United States is anticipated to grow in the upcoming years as the country is a huge market for air quality monitoring equipment.
There is an increase in air quality monitoring initiatives in the country and also a presence of early technology adopters. This is one of the factors, the country is expected to strengthen its dominance during the forecast period 2023 to 2033. Business partnerships and acquisitions are the key strategies followed by the top players in the country to increase business revenue and drive innovations in products/services.
For instance, Honeywell collaborated with Denso, the mobility supplier, to expand the urban air mobility and other aerospace market segments by combining their expertise to develop hybrid-electric and fully electric powertrains.
The sales in India are estimated to register a CAGR of 14.4% by 2033. The air quality monitoring equipment market is significantly evolving with new air monitoring sensor technology innovations and developments.
The country is projected to dominate as compared to other countries owing to rising air pollution and several environmental issue in countries with high population like India. The government of India is increasing taking initiatives on reducing air pollution as the rise of pollution at the global level has increased.
The country is deploying smart air quality monitoring tools for reducing the pollutants present in the air. These factors are propelling the demand for air quality monitoring solutions in India.
| Region | North America |
|---|---|
| Country | United States |
| CAGR | 4.3% |
| Market Value (2033) | USD 3 billion |
| Region | Europe |
|---|---|
| Country | United Kingdom |
| CAGR | 10.4% |
| Market Value (2033) | USD 603.3 million |
| Region | Asia Pacific |
|---|---|
| Country | China |
| CAGR | 16.0% |
| Market Value (2033) | USD 1.8 billion |
| Region | Asia Pacific |
|---|---|
| Country | Japan |
| CAGR | 7.7% |
| Market Value (2033) | USD 785.7 million |
| Region | Asia Pacific |
|---|---|
| Country | India |
| CAGR | 14.4% |
| Market Value (2033) | USD 528.5 million |
The government environment monitoring agencies segment is expected to account for 26.7% market share by the end of 2033.
Air pollution is becoming the biggest environmental challenge today. Government environment monitoring agencies across the world are taking efforts for the mitigation of air pollution. There are a variety of policies and laws designed to reduce air pollution and protect human health and the environment.
Various initiatives had undertaken by the government for the mitigation of air pollution. For instance, the government of India has developed its certification facility for air pollution monitoring equipment. Furthermore, in the 2019 Climate Action Summit, the United States government, the WHO, the United Nations Environment Program (UN Environment), and Climate and Clean Air Coalition announced the ‘Clean Air Initiative’ to achieve air quality that is safe for citizens. This is expected to propel the need for air quality monitoring equipment globally.
The outdoor air quality monitors segment is expected to showcase a strong CAGR of 6.4% during the forecast period.
Air pollution has been linked to higher rates of cancer, heart disease, stroke, and respiratory diseases. According to the WHO estimates, outdoor air pollution is responsible for around 4.2 million premature deaths per year. These statistics have increased investment in outdoor air quality monitors across the globe.
Increasing advancements in air quality monitoring technologies have developed low-cost sensors designed to monitor air quality for individuals, homes, businesses, and with various industries. These sensors will be able to collect data from a variety of sources, rather than just from government monitoring. The sensors provide highly accurate information on the pollutants present in the air and thus have a place in the future of air quality monitoring systems.
With around 5.8% CAGR by 2033, the industrial end user segment will continue to gain traction.
The industrial revolution has changed a lot in the 21st century. Technology developed rapidly, science became advanced and the manufacturing age came into view. The rise in industrialization has also increased industrial pollution. Earlier, industries were small factories that produced smoke as the main pollutant, although increase in factories results into increase in the levels of pollution.
In North America and Europe, the combination of industrialization and air pollution required the creation of air quality standards and regulations for emission sources such as vehicles, electrical power generation, and industrial facilities. Thus the rise in industrialization has increased the demand for air quality monitors across the world.
Key providers of air quality monitoring equipment are focusing on adding new innovative capabilities to their current air pollution monitoring solution. This is helping them to enhance and upgrade their air quality monitoring equipment portfolio.
| Company | Vaisala Oyj |
|---|---|
| Details | Vaisala Oyj primarily focuses on developing products catering to environmental as well industrial metrics measurement. It is a Finnish company with a legacy spanning over 87 years. |
| Recent Developments | In May 2019, Vaisala Oyj introduced mini-sized Humidity and Temperature Probe HMP9 for rapidly changing environments. The HMP9 is designed for rapidly changing or condensing environments. The smart probe is optimized for dryers, air handling units, test chambers, or other systems and processes where measuring humidity can make a difference in saving energy or improving the product or the process. |
| Company | Ricardo PLC |
|---|---|
| Details | Established in 1919, Ricardo PLC is a British company that is a pioneer in environmental consultancy. |
| Recent Developments | In October 2021, Ricardo launched its innovative air quality data analysis and monitoring. This offering is based in the Middle East region with a three-year agreement. The company is partnering with Envirozone LLC, for this initiative. |
| Company | Ball Aerospace & Technologies Corp. |
|---|---|
| Details | Ball Aerospace & Technologies Corp. is an American company. They are global leaders in developing spacecraft and defense systems. |
| Recent Developments | In 2021, Ball Aerospace & Technologies Corp. announced its contract with National Oceanic and Atmospheric Administration’s Geostationary. This partnership aims to develop will 3-D atmospheric data set for forecasters. This could be crucial to sustaining precise air quality management and controlling pollution levels. |
| Start-up Company | MyAirly |
|---|---|
| Country | Poland |
| Description | MyAirly is a startup developing solutions to purify outdoor air. Their offerings include Airly Sensors that help determine air quality. MyAirly can gauge the air quality levels in a particular locality. Through Airly API, one can access both real-time and historical air quality metrics. |
| Start-up Company | Ambee |
|---|---|
| Country | India |
| Description | Ambee is a startup focusing on providing environmental intelligence data to organizations. This startup’s technology collects real-time climate reports to avert climate change-related risks. |
The market expanded at a CAGR of 6.6% from 2017 to 2022.
Sustainability practices followed by prominent organizations drive market growth.
The adoption of the Internet of Things drives product innovations.
The United Kingdom is dominating the industry at a 10.4% CAGR.
The market is likely to surpass USD 13.3 billion by 2033.
| Estimated Industry Size (2024) | USD 6,846 million |
|---|---|
| Projected Revenue (2034) | USD 10,836.9 million |
| Value-based CAGR (2024 to 2034) | 4.7% |
| Market Size (2023) | USD 224.1 billion |
|---|---|
| Market Share (2033) | USD 325.4 billion |
| Market CAGR (2023 to 2033) | 3.8% |
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