Ambient Air Quality Sensor Market Size, Global Industry Evaluation (2023-2030)

The global market for ambient air quality sensors, which stood at a value of USD 4629.5 million in 2021, is poised to witness a steady growth trajectory with a projected Compound Annual Growth Rate (CAGR) of 7.2 percent during the forecast period. The burgeoning demand for air quality monitoring devices can be attributed to the mounting awareness of health issues such as chronic obstructive pulmonary disease, asthma, cardiovascular problems, and lung cancer due to escalating pollution levels.

Key drivers propelling the market's expansion include favorable government policies regarding air pollution monitoring and management, along with increased public-private partnerships for air quality monitoring initiatives. However, the market's growth is not without its challenges. High pricing and technological complexities associated with air quality monitors act as restricting factors.

The rise in industrialization, particularly in emerging economies, has led to a surge in air pollution levels, prompting an urgent need for effective air quality monitoring systems. Emissions of pollutants like carbon monoxide and sulfur dioxide have contributed to the deterioration of air quality. As a result, the demand for air quality monitoring systems has witnessed a significant upswing to monitor and manage the levels of air pollution.

COVID-19 Impact on Ambient Air Quality Sensor Market

The COVID-19 pandemic brought a temporary downturn to the air quality monitoring system market, as manufacturers grappled with challenges arising from reduced industrial activities and disruptions in supply chains. Key market players like 3M Company, Thermo Fisher, and Emerson faced a decline in sales during the year 2020. However, as smart city investments gather momentum post-pandemic, favorable growth opportunities are expected to resurface.

Segment Overview

Fixed air quality sensors are anticipated to dominate the market, facilitating easy analysis of indoor air quality. These sensors find extensive usage across various sectors, including workplaces, schools, hospitals, and transportation hubs. The industrial sector, driven by the need for air quality monitoring in compliance with stringent regulations, is set to dominate the market due to the increasing adoption of air quality monitoring systems across various industries.

Regional Landscape

North America currently holds a significant share in the market, largely due to the presence of key manufacturers in the region, such as Thermo Fisher Scientific, 3M Company, Emerson Electric, and Honeywell. Europe is poised for growth as countries in the region undertake initiatives to improve air quality. Germany, with its strong focus on air quality monitoring solutions, is expected to contribute significantly to the market.

Competitive Landscape

Leading players in the ambient air quality sensor market, including Thermo Fisher Scientific, Emerson Electric, Teledyne Technologies, and 3M Company, continue to drive growth through various strategies such as mergers, acquisitions, and product expansions. These endeavors are aimed at enhancing their market share and maintaining a competitive edge. For instance, in October 2021, Ricardo, in collaboration with Envirozone LLC, initiated a three-year agreement to provide air quality data analysis and monitoring in the Middle East region.

As the market witnesses steady growth, the amalgamation of technological advancements and environmental consciousness is expected to steer the ambient air quality sensor market towards a brighter future.

Our Blogs:

https://hackmd.io/@E4v1isUnROG4-prBVaQQGw/Skzayrk02

https://demcra.com/r/business/1131048_Ambient_Air_Quality_Sensor_Market_Forecasting_the_Future_2023-2030

https://ibusinessday.com/ambient-air-quality-sensor-market-size-unveiling-latest-trends-2023-2030/

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