Air Quality Monitoring System Market Trends 2023- Global Industry Share-Size, Revenue, Growth Strategy, Business Challenges, Key Manufacturers and Future Investment Report 2032: SPER Market Research
The phrase “air quality monitoring” (AQM) also refers to the ongoing measurement of air pollutants, often known as “criteria air pollutants.” It names several pollutants including nitrous oxide, sulphur dioxide, particulate matter, volatile organic compounds (VOC), carbon monoxide, and particulate matter. Since the contaminated air contains dangerous particles that cause health issues, improved air quality has raised demand for air quality monitors.
According to SPER market research, ‘Air Quality Monitoring System Market Size– By Sampling Method, By Pollutant, By Product, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Air Quality Monitoring System Market is predicted to reach USD 9.00 billion by 2032 with a CAGR of 6.72%.
There are several factors that contribute to the growth of air quality monitoring system market globally. Government rules that support effective monitoring and management of weather pollution are what are fueling the market’s expansion. For instance, the Central Pollution Control Board manages the National Air Quality Monitoring Programme (NAMP), a national ambient air quality observation programme. The market for air quality monitoring systems has experienced rapid growth over the past few decades, which has been fueled by a number of factors including an increase in environmental pollutants and heightened public awareness of the negative effects on health. With a rise in pollution, ailments like asthma, diabetes, obstructive lung disease, and cardiovascular disease have grown increasingly common. The market for weather condition observing systems has been stimulated by the increased knowledge of the detrimental health impacts. For instance, the WHO releases reports on the observing of meteorological conditions and associated.
However, the high installation and maintenance costs of this device are anticipated to limit market expansion. Additionally, the market for AQM systems is hampered by the high maintenance costs of various pollution monitoring stations. Strict pollution control regulations along with high establishment costs for air quality monitoring stations and expenditures connected with the upkeep and procurement of AQM sensors all act as growth inhibitors.
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Impact of COVID-19 on Global Air Quality Monitoring System Market
Additionally, numerous industries and governments were disrupted by the COVID-19 virus’ quick global spread. Businesses were negatively impacted by things like supply chain disruptions, consumer financial restraints, suspended industrial activities, and government actions like social isolation and lockdowns. The market for air quality monitoring systems suffered as a result, which created problems for manufacturers who had to deal with decreased orders and supply chain interruptions, particularly from suppliers in China and Southeast Asia. In 2020, major companies like 3M, Thermo Fisher, and Emerson saw a fall in sales. But following COVID-19, the market is anticipated to rebound thanks to increasing funding for smart city projects in many parts of the world.
Air Quality Monitoring System Market Key Players:
Geographically, the market for air quality monitoring systems is anticipated to develop most rapidly in the Asia-Pacific region during the projection period. Increased spending on air quality monitoring activities by various regional governments, increased adoption of cutting-edge environmental monitoring technologies, and modernization of industrial and public infrastructures as a result of a significant increase in middle-class households’ disposable income and growth in the GDPs of Asian nations are all factors that contribute to the region’s high CAGR. Additionally, some of the market key players are Thermo Fisher Scientific, Emerson Electric, General Electric, Siemens AG, Teledyne Technologies, HORIBA Ltd., TSI Incorporated, Others.
Air Quality Monitoring System Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Sampling Method: Based on the Sampling Method, Global Air Quality Monitoring System Market is segmented as; Active/Continuous Monitoring, Manual Monitoring, Passive Monitoring, Intermittent Monitoring, Stack Monitoring, Others.
By Pollutant: Based on the Pollutant, Global Air Quality Monitoring System Market is segmented as; Chemical Pollutant, Nitrogen Oxides, Sulfur Oxides, Carbon Oxides, Volatile Organic Compounds, Physical Pollutant, Biological Pollutant, Others, Others.
By Product: Based on the Product, Global Air Quality Monitoring System is segmented as; Indoor Monitors, Fixed Indoor Monitors, Portable Indoor Monitors, Outdoor Monitors, Portable Outdoor Monitors, Fixed Outdoor Monitors, Dust & Particulate Matter Monitors, AQM Stations, Wearable Monitors.
By End User: Based on the End User, Global Air Quality Monitoring System is segmented as; Government Agencies & Academic Institutes, Government and Residential Users, Petrochemical Industry, Power Generation Plants, Pharmaceutical Industry, Smart City Authorities, Others.
By Region: This report also provides the data for key regional segments of North America, Europe, Asia Specific, Middle East and Africa, South America, Others, Others.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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Air Quality Monitoring System Market Future Opportunity
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