Machines & Equipment / Air Quality Monitors Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: 3M, Honeywell (NasdaqGS:HON), Thermo Fisher (NYSE:TMO), Teledyne (NYSE:TDY ), PCE Instruments, FPI
Air Quality Monitors Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: 3M, Honeywell (NasdaqGS:HON), Thermo Fisher (NYSE:TMO), Teledyne (NYSE:TDY ), PCE Instruments, FPI
Acknowledging the kind of traction gained by this market, recently published a study report asserts the global air quality monitors market was valued at USD 42000 million in 2020, and it is anticipated to reach USD 65000 million by 2027, registering a phenomenal CAGR of 5.01% during the review period (2022 to 2027).
Air Quality Monitors Market Overview
In 2020, the global air quality monitoring market was worth US$ 42000 million. According to IMARC Group, the market would reach US$ 65000 million by 2027, growing at a CAGR of 5.01% from 2022 to 2027. We're constantly watching and evaluating the pandemic's direct and indirect effects, keeping in mind the uncertainties of COVID-19. As a prominent market contributor, these insights are incorporated in the research.
Air quality monitors are the devices used to detect and monitor the level of pollutants in indoor as well as outdoor environments. It detects the level of pollutants such as carbon monoxide, sulfur dioxide, nitrous oxide, particulate matter, and volatile organic compounds (VOCs). The need to sustain the air quality has fostered the demand for air quality monitors, as the polluted air holds several harmful pollutants that cause health problems. These toxic pollutants are free in the air through emissions from various industries, vehicles, or the combustion of fossil fuels in residential areas.
Air quality monitors find demand across residential, commercial, and industrial premises. The government has expressed regulations pertaining to the deployment of air quality monitors in industrial premises. Commercial and residential customers have also started installing such devices to monitor the level of air pollutants in the environment. However, the high costs of air quality monitors have constrained the growth of the market. Ongoing technological advancement is anticipated to help decline the prices of air quality monitors during the forecast period.
Recent Development
Airthings Unveilings New Air Quality Monitors at CES 2022 - Airthings, a producer of indoor air quality and radon monitors, recently broadcasted its latest line of products at CES 2022. If you're serious about avoiding illnesses correlated to air quality, here are all the products Airthings recently announced for its new View line that might work for you.
Amazon Unveilings a Smart Air Quality Monitor- Amazon is growing its range of smart home devices once again, with the promotion of a Smart Air Quality Monitor. The small device involves a power outlet and connection to the Alexa app. Once plugged in and associated with Alexa, the air quality in your home will be monitored over time. Five factors are taken into account as part of the assessment: particulate matter, volatile organic compounds, carbon monoxide, humidity, and temperature. The air is rated and given a score, and depending on the rating, Alexa will provide tips on how to improve the air quality, but also sends a notification if it drops to a poor state.
Who are the Major Players in Air Quality Monitors Market?
The Air Quality Monitors Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end-users. The three dependencies for the status of major companies in the market are company profile, profitable gross margin, the prices they charge. These are the main players in this market including 3M, Honeywell, Thermo Fisher, Teledyne, PCE Instruments, FPI, SDL, UNIVERSTAR, SAIL HERO, PerkinElmer, Horiba, Ecotech, Aeroqual, Tisch, TSI, Cerex, Enviro Technology, and others.
What are the major Applications, Types, and Regions for Air Quality Monitors Market?
By Type, it is segmented into
Portable Monitors
Stationary Monitors
By Applications, it is segmented into
Outdoor
Indoor
Air Quality Monitors Market Regional Analysis
All these factors greatly affect the Air Quality Monitors market growth. It further aims at providing a complete overview on a detailed assessment of significant features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis, and changing market growth factors in regions such as Follows,
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
Asia-Pacific Expected to Govern the Market - Air pollution is at alarming levels in Asian countries, which is highly detrimental to the health of the inhabitants. The incumbent situation is particularly due to growing industrialization in developed countries, which has led to the increase in chemical pollutants in the nations, some of which are fatal too.
South Asia is supposed to be the epicenter of ambient air pollution. According to the World Air Quality Report 2020, out of the top 40 most polluted cities in the world, 37 are in South Asia. Apart from that, high levels of air pollution are recorded in China, Japan, and India. The countries in the region are leaving no stone unturned to cope with the prevailing state. Many industries and many local colonies or areas in the region have been installed with air quality monitoring systems in recent years.
What is our Air Quality Monitors Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 5.01% during the review period (2022 to 2027).
Yes, the report can be customized as per your needs
Key Takeaways from this Air Quality Monitors Report
Evaluate Air Quality Monitors market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Air Quality Monitors market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
Frequently Asked Questions
What is the study period of this market?
The Air Quality Monitors Market is studied from 2017 - 2027.
What is the growth rate of Air Quality Monitors Market?
The Air Quality Monitors Market is growing at a CAGR of 5.01% over the next 5 years.
Who are the key players in Air Quality Monitors Market?
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
