According to the latest report by IMARC Group, titled “Air Quality Monitoring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global air quality monitoring market size reached US$ 4.06 Billion in 2020. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 5.98 Billion by 2026, exhibiting a CAGR of 6.68% during 2021-2026. Air quality monitoring involves the use of sensor-based instruments to detect and measure the wind speed and the concentration of air pollutants in indoor and outdoor environments. Some of these pollutants include sulfur dioxide, carbon monoxide, nitrous oxide, volatile organic compounds, total hydrocarbons and particulate matter. These devices are increasingly utilized to track pollutant levels by monitoring the air quality of a specific area and determine the quality of air for identifying polluted zones. This assists the governing authorities to evaluate the control measures that are required to be taken to improve public health in the given area.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The global market is majorly driven by the escalating levels of air pollutants present in the environment. A considerable rise in vehicular emissions and industrial smoke has led to a significant increase in air pollution levels across the globe. This has led to the rising prevalence of various pulmonary diseases, including asthma, lung cancer and chronic obstructive pulmonary diseases (COPD), which, in turn, is facilitating the uptake of air quality monitoring devices. This is further supported by the increasing awareness regarding the adverse effects of air pollution among individuals and several governments. Regulatory authorities on the global level are now undertaking initiatives to improve the overall air quality by implementing stringent environmental regulations and investing in the development of efficient air quality monitors. This has led to the launch of various low-cost and hand-held air quality monitors that offer near-accurate results, thereby creating a positive outlook for the market. Furthermore, various key players are also heavily investing in research and development (R&D) activities to launch variants that accurately measure different types of pollutants, allergens and parameters.
Read more: Air Quality Monitoring Market 2021-2026