Recent Developments in the Global Air Quality Monitoring System Market:

# In September 2020, Spektris (UK) launched the new ULTRA Series gas analyzer at Semicon Taiwan 2020.

# In February 2020, TSI Incorporated (US) introduced BlueSky Air Quality Monitor (Model 8143) to measure PM1, PM2.5, PM4 and PM10 mass concentrations, as well as temperature and humidity.

# In March 2019, Emerson Electric (US) launched Rosemount CT4400 Continuous Gas Analyzer with Quantum Cascade Laser (QCL) and Tunable Diode Laser (TDL) analyzer for Continuous emission monitoring.

COVID-19 Impact on the global air quality monitoring systems market:

Globally, the outbreak of COVID-19 has impacted every aspect of the industry, including air quality monitoring system market. From region to region there is considerable variation in the demand for air quality monitoring systems primarily due to considerable effect of pandemic on economy and purchasing power of buyers, and interruption in supply chain. The pandemic has disrupted lives across all countries and communities and negatively affected global economic growth in 2020.

Estimates indicate the virus reduced global economic growth in 2020 to an annualized rate of -3.4% to -7.6%, with a recovery of 4.2% to 5.6% projected for 2021. Global trade is also estimated to have fallen by 5.3% in 2020. In addition to this, COVID-19 had adverse impact on various stages of value chain, primarily due to strict lockdown imposed by government in most of the countries. Many companies had to temporarily halt down their manufacturing facilities for some time as well. Similarly, supply and distribution network also got interrupted, majorly due to restriction in travelling due to lockdown, and decline in sales activity.

Due to the negative impact of the pandemic, leading players in the air quality monitoring system market, such as Thermo Fisher (US), Emerson (US), and Siemens AG (Germany), registered a significant decline in sales for FY2020. However, with markets opening up, and government slowly uplifting lockdown restrictions, the economy is expected to boom up again. To grab the future opportunities, most of the companies are spending more and more on research and development, and product innovation.

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Global Industry Growth Driving Factors:

Technological advancements in air quality monitoring systems, 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 are the major factors that drives the growth of this market. 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.

However, high costs associated with the purchase, installation, and maintenance of AQM sensors as well as high establishment costs for AQM stations, and technical limitations, such as low data accuracy and reliability, need for regular device calibration and maintenance, and sampling issues are the major factors that are expected to restrain the growth of this market during the forecast period.

Leading Companies:

The dominant players in the global air quality monitoring system market are Thermo Fisher Scientific (US), Emerson Electric (US), General Electric (US), Siemens AG (Germany), Teledyne Technologies (US), PerkinElmer, Inc. (US), Agilent Technologies, Inc. (US), Spectris plc (UK), 3M Company (US), Honeywell International Inc (US), HORIBA, Ltd. (Japan), Merck KGaA (Germany), TSI Incorporated (US), Tisch Environmental (US), and Testo (Germany), among others.

Different Growth Strategies Adopted by Them:

The competitive landscape includes the analysis of the key growth strategies adopted by major players between 2018–2020 to expand their global presence and increase their market shares in the air quality monitoring systems market. The key growth strategies adopted by the top players in the market include product launches and approvals, agreements, expansions, and acquisitions. Product approvals and launches were the most widely adopted growth strategies by market players in the last three years to garner a larger share of the market.

Thermo Fisher Scientific (US) is one of the leading providers in the global air quality monitoring system market. Its vast product range and wide geographical presence across key markets like North America, Europe, the APAC, and Africa are the key factor accounting for its large share in this market. Thermo Fisher has a robust product portfolio consisting of gas analyzers, air samplers, monitoring systems, particulate matter monitors, probes and other accessories, and focuses on vigorous R&D activities and continuous product development.

Siemens AG (Germany) is also a leading player in the global air quality monitoring systems market, owing to its wide geographic presence and strong R&D capabilities. Siemens has a robust sales and distribution network in more than 190 countries, inclusive of Europe, the Americas, APAC, the Middle East, and Africa. The company has a robust manufacturing base with ~285 major production and manufacturing facilities located across the world. A vast product range and continuous product development owing to huge investment in significant R&D initiatives is expected to strengthen its position in the air quality monitoring system market.

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Geographical Growth Dynamics:

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.