Air Quality Monitoring Systems Market worth $5.9 billion by 2026 - Exclusive Report by MarketsandMarkets™


Posted March 21, 2022 by mmvaidya

A detailed market estimation approach was followed to estimate and validate the size of the global air quality monitoring systems market and other dependent submarkets.
 
According to the new market research report, "Air Quality Monitoring System Market by Product (Indoor, Outdoor, Wearable), Sampling (Stack, Manual, Passive), Pollutants (Chemical, Particulate Matter, Biological), User (Government, Petrochemical, Power plant, Residential) - Global Forecasts to 2026", The global air quality monitoring system market is valued at USD 4.4 billion in 2021 and is expected to reach USD 5.9 billion by 2026, at a CAGR of 6.5% during the forecast period.

Browse and in-depth TOC on "Air Quality Monitoring System Market"
222 - Tables
33 - Figures
286 - Pages

Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=183784537

Global Industry Growth Boosting Factors:

The growth of this market is majorly driven by factors such as rising levels of air pollution, supportive government regulations for effective air pollution monitoring and control, and ongoing initiatives toward the development of environment-friendly industries. Adding to this, increasing public-private funding for effective air pollution monitoring, and the increasing public awareness related to the environmental and healthcare implications of air pollution also supports the growth of this market.

Restraint: High product cost

The high installation cost and high maintenance cost of conventional air monitoring system hinders the growth of the market. For instance, the installation of reference air quality monitoring stations is expensive and costs anywhere between USD 100,000–200,000 for a single station. In India, the cost of a single AQM station is estimated to be between USD 0.21–0.35 million (excluding the costs of yearly maintenance). The maintenance cost of pollution-monitoring stations is also high (up to 10% of the installation cost for overall maintenance during a 10-year period).

The Asia Pacific market is expected to grow at the highest CAGR during the forecast period

On the basis of region, the air quality monitoring systems market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The asia-pacific market is expected to register the highest growth in the forecast period. Countries in this market are witnessing growth in their GDPs and a significant rise in disposable income among the middle-class population. This has led to increased expenditure by various regional government on air quality monitoring activities, modernization of industrial and public infrastructures, and rising penetration of cutting-edge environmental monitoring technologies. All of these factors contribute to the high CAGR of the region.

Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=183784537

Opportunity: Continuous R&D and technological advancements

The continuous research and development, and commercialization of advanced AQM systems (such as miniaturized devices, nanotechnology-based systems, infrared spectroscopy, and remote-sensing instruments) are expected to offer significant growth opportunities for prominent as well as emerging players in the AQM industry. Consequently, various industrial players and research organizations are increasingly focusing on developing and commercializing advanced AQM products. For instance, nanotechnology based AQM products offer several procedural benefits, such as real-time monitoring capabilities, device miniaturization, increased analytical efficacy, and affordable manufacturing.

Challenge: Slow implementation of air pollution control reforms

One of the major challenges associated with the air quality monitoring systems market is the slow implementation of air pollution regulations. Several emerging countries (such as China and India) have been reported to be slow in implementing stringent environmental pollution monitoring norms during the past decade. For example, in April 2021, government of India postponed the deadline for thermal powerplants to install Flue Gas Desulphurization units to cut the emissions of sulfur dioxide, and allowed utilities that miss the new target to continue operating after paying a penalty, according to a government notice.

The initial deadline was set to 2017 but now has been postponed up to 2022 for plants near populous region and capital New Delhi, and up to 2025 for facilities near less populated regions. Similarly, a dearth of well-trained and skilled technical professionals to undertake pollution monitoring and control measures and limited R&D infrastructure to develop affordable air pollution monitoring technologies in developing countries are further hampering the implementation of effective pollution monitoring and control reforms.

Speak to Analyst@ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=183784537

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: [email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Makarand Vaidya
Country United States
Categories Industry , Medical , News
Tags air quality monitoring , air quality monitoring systems , air quality monitoring systems market
Last Updated March 21, 2022