The global pollution monitoring equipment market is projected to have a moderate-paced CAGR of 7.3% during the forecast period. The current valuation of the market is USD 7,665 Million in 2022. The market value of the pollution monitoring equipment market is anticipated to reach a high of USD 15,445 Million by the year 2032. A historical CAGR of 6.3% has been recorded by the experts of Future Market Insights for the concerned market.
Report Attribute | Details |
---|---|
Pollution Monitoring Equipment Market Value (2022) | USD 7,665 Million |
Pollution Monitoring Equipment Market Anticipated Value (2032) | USD 15,445 Million |
Pollution Monitoring Equipment Projected Growth Rate (2022 to 2032) | 7.3% |
The demand for pollution monitoring equipment has been surging in recent years owing to its ability to detect and help monitor the presence of pollutants, thus ensuring enhanced environmental conditions for the population. The usage of pollution monitoring equipment also promotes improved health of people and mitigates the chances of any health issue by maintaining a moderate atmosphere or as specified.
The sale of pollution monitoring equipment is accelerating on account of surging environment consciousness among the population. In addition, the extensive application base of this equipment in several industries, including residential, commercial, petrochemicals, and power generation, among others, is also providing abundant thrust to the market growth of pollution monitoring equipment. The market is further being affected by numerous factors, and the forum is predicted to experience substantial growth due to the cumulative effect of these factors over the forecast period.
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FMI has analyzed that a large number of elements are likely to drive the growth of the pollution monitoring equipment market in the upcoming years and unravel a positive dimension to the concerned market. They are as follows:
Besides the factors bolstering the growth of the pollution monitoring equipment market, the expert analysts at FMI have also identified some elements that are likely to hinder the pace of advancement in the long run. They are as follows:
Growth Prospect of Pollution Monitoring Equipment in Regional Markets
Region | North America |
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Statistics | North America is projected to dominate the global pollution monitoring equipment market through 2032. At present, this region is accountable for a market share of 31.1% globally. |
Responsible Factors | The factors attributing to the rising market size for pollution monitoring equipment in North America are:
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Region | Europe |
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Statistics | Europe is projected to hold the second-largest share in the global pollution monitoring equipment market after North America. Currently, the European region is accountable for a market share of 24.3% in 2022. |
Responsible Factors | Key elements bolstering the market size in Europe can be identified:
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Region | Asia Pacific |
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Statistics | The Asia Pacific region is projected to witness rapid growth in the global pollution monitoring equipment market over the forecast period. |
Responsible Factors | The aspects fueling the growth of the pollution monitoring equipment market in the Asia Pacific region are:
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High Growth Potential in the Market Encouraging New Entrants to Establish Their Place
Heightened potential in the pollution monitoring equipment market is encouraging the incoming of a number of new entrants into the market. Evolving business models over time as a result of changes in the market and the development of novel technological advances are promoting the growth of the market in the forecast period. Since pollution levels are constantly rising, the number of people being affected by various diseases, such as lung cancers, heart attacks, and other respiratory diseases, is increasing. Therefore, the adoption of pollution monitoring equipment is shooting up to help identify major pain points and take appropriate measures to provide cleaner and breathable air.
Top Start-ups to Watch For
Respirer Living Sciences
The start-up was founded in 2017 by Ronak Sutaria and offered a real-time IoT-based air quality monitoring device known as Atmos that helps measure temperature, particulate matter, and humidity in the atmosphere. The device is built with a GPRS or GSM module, thus enabling the assessment of pollution levels in the air. The device aims to provide scientific and accurate data, which can help in developing the framework for the government while making policies.
BreezoMeter
The company was founded in 2014, is situated in Israel, and delivers a real-time air quality tracking platform. The device is integrated with big-data analytics and obtains data via thousands of sensors globally, and provides real-time and location-based air pollution levels. The various functions of this platform include real-time air pollution alerts, help in planning daily activities, and personalized health recommendations.
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Biggies Revolutionizing the Market
The key players proliferating in the forum are focusing on introducing new products and enhancing their product offerings to better cater to the changing needs of the end-user industries while retaining their competitiveness globally.
There is keen attention paid by the market players to the maintenance of the quality of products and innovation. They are also trying to diversify their range of manufacturing, indulging in mergers and acquisitions, and adopting organic growth strategies for a strong foothold in the global market.
Recent Developments
Some of the key companies in the market are:
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 4.2% from 2022 to 2032 |
Base Year for Estimation | 2021 |
Historical Data | 2016 to 2021 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD million and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | Product Type, Pollutant Type, Sampling Method, End-User, Region |
Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa |
Key Companies Profiled | Robert Bosch Engineering and Business Solutions Private Limited; Aeroqual, TSI, Air Monitors; Environment SA; Enviro Technology Services; Sonitus Systems; Pulsar Instruments Plc.; Gradko International Ltd. |
Customization | Available Upon Request |
The growth outlook for the pollution monitoring equipment market is predicted to advance at a CAGR of 7.3% from 2022 to 2032.
The North American region is anticipated to lead the pollution monitoring equipment market during the forecast period.
The pollution monitoring equipment) the market is likely to hold a valuation of USD 15,445 Million by 2032.
The indoor monitor sector is the key driver in the pollution monitoring equipment market.
1. Executive Summary | Pollution Monitoring Equipment Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Pollution Type 5.1. Air Pollution 5.2. Noise Pollution 5.3. Water Pollution 5.4. Soil Pollution 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Equipment Type 6.1. Portable 6.2. Non-portable 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End User 7.1. Industrial 7.2. Governmental 7.3. Commercial 7.4. Educational Institutes 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. Middle East and Africa (MEA) 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Middle East and Africa (MEA) Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Robert Bosch Engineering 16.2. Aeroqual 16.3. TSI 16.4. Air Monitors 16.5. Enviro Technology Services 16.6. Sonitus Systems 16.7. Pulsar Instruments 16.8. Gradko International Ltd 17. Assumptions & Acronyms Used 18. Research Methodology
Industrial Automation
May 2024
REP-LA-68
221 pages
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