Air Quality Monitoring Equipment Market To Grow At An Escalating Rate During The Forecast Period Till 2021-2031

 

Increasing Population in Smart Cities Requires Pollution Awareness Measurements

Air quality monitoring equipment is used to measure wind speed, level of air pollutants such as So2, CO, O3, etc., and other parameters. The equipment is also used to measure hazardous solid and liquid particles suspended in the air all year round. Instruments used in the measurement play an important role in avoiding fatigue, distress, and dizziness caused due to polluted air, which can lead to bad health and reduced productivity. The decreasing air quality index across the globe due to the emission of toxic gases in the environment is a major reason driving the air quality monitoring equipment market worldwide.

Air quality monitoring equipment are rapidly being adopted in smart city projects, as the number of smart cities is continuously increasing with the rise in population across the world. One of the key elements contributing to air pollution is the increasing number of vehicles globally, emitting hazardous gases. It has become important to collect data on air quality for regulating authorities to take measures accordingly. These factors are expected to drive the air quality monitoring equipment market during the forecast period.

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Demand for Air Quality Index for Better Public Health 

The evolution of air quality monitoring equipment, driven by the soaring trend of the Internet of Things, has allowed devices to assess both indoor and outdoor air quality. The devices are equipped with several sensors to detect the presence of numerous pollutants in various forms. The growing awareness of health-conscious people has made it imperative to monitor the air quality in various settings to maintain a healthy environment. Moreover, air quality monitoring sensors are being used in increased numbers to collect the air quality data from several aspects, which can be useful while making critical decisions to reduce air pollutants according to areas.

Air quality monitoring devices have various indoor and outdoor applications depending on the region and population. The indoor applications consist of measuring air quality in residential and industrial environments to save the produce from polluting as well as save the environment from the production waste. Besides, indoor air quality monitoring equipment work in conjunction with multiple heating, purifying, and other HVAC operations to sustain indoor air within harmless contamination levels. Moreover, the air quality monitoring devices are efficient to monitor outdoor air quality, and in demand with multiple government bodies and health bureaus observing outdoor air quality to secure public health. All these factors are contributing to the expansion of the air quality monitoring equipment market in the forecast period.

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Strict Environment Protection Laws in Several Countries Fueling Market Growth

Some of the major factors driving the air quality monitoring equipment market include the involvement of government authorities to regulate, monitor, and control the rising levels of air pollution, improvement in environmental laws for the air polluting industries, and awareness in public regarding health. The rising adoption of air quality monitoring equipment for industrial purposes is helping to keep track of the emission of air contaminants, making it a necessity with the worsening global warming.

There is an increased concern for the environment in developing and developed countries, mostly due to the data provided by air quality monitoring equipment. The U.S. Government is working with its EPA to manage and overcome the causes and effects of pollution.  Developing nations of Asia Pacific have also increased their efforts to control air pollution. Programs such as The National Air Quality Monitoring Program of India are helping them in reducing air pollution with the help of air quality monitoring equipment. These factors are expected to contribute to the growth of the air quality monitoring equipment market in the forecast period. This market in Asia Pacific is anticipated to witness rapid growth in the upcoming years due to emerging large-scale industries in Asian countries, strict regulations for air pollution, and government involvement to promote air quality monitoring equipment.

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Major Impact of COVID-19 Pandemic on Air Quality Monitoring Equipment Market

Key market players in the air quality monitoring equipment market are focusing on the development of technologically advanced devices by increasing investments in research and collaborating with other players. Major partnerships such as Aeroqual with Met One Instruments in 2021, have increased the production and quality with technological advancements. Moreover, to offer air quality measurement equipment for use in traffic applications, Siemens Mobility Limited partnered with EarthSense. Thus, due to several competitive and environmental factors, the global air quality monitoring equipment market is expected to cross US$ 4.7 Bn by 2031, at a CAGR of ~5% during the forecast period.

However, the market is likely to be affected due to limited workforce, strict regulations on manufacturing units, and restricted trading activities due to the COVID-19 pandemic.

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