Air Quality Monitoring Market Size (2024 - 2029)

Air Quality Monitoring Market Analysis

The Air Quality Monitoring Market size is estimated at USD 5.08 billion in 2024, and is expected to reach USD 6.73 billion by 2029, growing at a CAGR of 5.79% during the forecast period (2024-2029).

The market had definitely faced the consequences of the COVID-19 pandemic, as the lockdowns resulted in less air pollution, particularly in the transport and industrial sector. For example, the Central Pollution Control Board (CPCB), India, published a report on "the Impact of JANTA CURFEW and lockdown on air quality, which revealed that the lockdown resulted in significant improvement in the air quality of the country.

Thus, the demand for air quality measurement equipment got reduced in various sectors. The market is likely to get accelerated in the near future due to growing concerns about air quality and the expansion of industrialization in many countries. However, the penetration of cleaner sources of energy like renewables and nuclear energy is expected to hinder the market growth due to the steadily decreasing requirement for the product.

Outdoor air quality equipment is expected to be the fastest-growing segment during the forecast period due to government policies on air quality standards in open spaces.

The technological advancements in air quality monitoring systems create enormous opportunities for the techno-development of devices and their applications. For instance, the recent IoT-based equipment, which are more interactive in their functioning and use new technologies for communicating and delivering data, are in vogue these days. They are termed as the Next Generation Air Quality Monitoring Systems, which are becoming the subject of research for many R&D professionals in the area.

The Asia-Pacific region is expected to dominate the market in the coming years due to the growing rate of urbanization and the industrial activities in developing countries.

Air Quality Monitoring Industry Segmentation

An air quality monitoring system is a sensor-based instrument that detects and monitors the levels of pollutants, such as sulfur dioxide, nitrous oxide, particulate matter, carbon monoxide, and volatile organic compounds, in indoor and outdoor environments.

The air quality monitoring market is segmented by product type, sampling method, pollutant type, end user, and geography. By product type, the market is segmented into indoor monitors and outdoor monitors. By sampling method, the market is segmented into continuous, manual, and intermittent. By pollutant type, the market is segmented into chemical pollutants, physical pollutants, and biological pollutants. By end user, the market is segmented into residential and commercial, power generation, petrochemicals, and other end users. The report also covers the market size and forecasts for the air quality monitoring market across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD billion).