Market Size of South America Air Quality Monitoring Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 4.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
South America Air Quality Monitoring Market Analysis
The South America air quality monitoring market is expected to register a CAGR of over 4% during the forecast period.
COVID-19 negatively impacted the market. Presently the market reached the pre-pandemic levels.
- Over the medium term, the market will accelerate shortly due to growing concerns about air quality and the expansion of industrialization across many countries.
- On the other hand, the penetration of cleaner energy sources, such as renewable and nuclear energy, is expected to hinder the market's growth due to a steadily declining demand for the product.
- Nevertheless, technological advancements in air quality monitoring systems provide significant opportunities for developing devices and applications based on the technology. IoT-based equipment, which operates interactively and uses new technologies to communicate and deliver data, is in vogue.
- Brazil dominates the market and will likely witness the highest CAGR during the forecast period. This growth is attributed to the increasing urbanization and industrialization in the country.
South America Air Quality Monitoring Industry Segmentation
Air quality monitoring refers to continuously measuring specific air pollutants, also known as "criteria air pollutants." It is combined with natural background/trace gas monitoring and stationary source emission monitoring to help determine the level of air pollution people are exposed to.
The South America air quality monitoring market is segmented by product, pollutant, end-user, and geography. The market is segmented by product type into indoor and outdoor monitors. The market is segmented by pollutant type into chemical, biological, and physical pollutant types. 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 South America air quality monitoring market across major regional countries. Each segment's market sizing and forecasts are based on revenue (USD billion).
Product Type | |
Indoor Monitor | |
Outdoor Monitor |
Pollutant Type | |
Chemical | |
Biological | |
Physical |
End User | |
Residential and Commercial | |
Power Generation | |
Petrochemicals | |
Other End Users |
Geography | |
Brazil | |
Argentina | |
Colombia | |
Chile | |
Rest of South America |
South America Air Quality Monitoring Market Size Summary
The South America air quality monitoring market is poised for growth, driven by increasing concerns over air quality and the rapid industrialization across the region. The market has rebounded to pre-pandemic levels and is expected to continue its upward trajectory. However, the shift towards cleaner energy sources, such as renewables and nuclear power, poses a challenge to market expansion. Despite this, advancements in technology, particularly IoT-based air quality monitoring systems, present significant opportunities for innovation and development. Brazil leads the market, benefiting from its urbanization and industrial growth, while other countries like Argentina and Chile are also contributing to the market's expansion through urbanization trends and national air quality initiatives.
The demand for air quality monitoring is further fueled by the need to address indoor air quality issues, as people spend a significant portion of their time indoors. Poor indoor air quality can lead to health risks and reduced productivity, making monitoring systems essential for maintaining healthy environments. In Brazil, the rise of smart cities and stringent emission regulations are driving the adoption of air quality monitoring systems. The market is moderately fragmented, with key players like Honeywell International Inc, Thermo Fisher Scientific, and Vaisala Oyj playing significant roles. Recent environmental alerts in countries like Colombia highlight the ongoing challenges and the critical need for effective air quality monitoring solutions in the region.
South America Air Quality Monitoring Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2028
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitutes Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Indoor Monitor
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2.1.2 Outdoor Monitor
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2.2 Pollutant Type
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2.2.1 Chemical
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2.2.2 Biological
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2.2.3 Physical
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2.3 End User
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2.3.1 Residential and Commercial
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2.3.2 Power Generation
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2.3.3 Petrochemicals
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2.3.4 Other End Users
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2.4 Geography
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2.4.1 Brazil
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2.4.2 Argentina
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2.4.3 Colombia
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2.4.4 Chile
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2.4.5 Rest of South America
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South America Air Quality Monitoring Market Size FAQs
What is the current South America Air Quality Monitoring Market size?
The South America Air Quality Monitoring Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in South America Air Quality Monitoring Market?
Honeywell International Inc, Thermo Fisher Scientific, Ecotech, Testo SE & Co. KGaA and Vaisala Oyj are the major companies operating in the South America Air Quality Monitoring Market.