The growth of the market is attributed to factors such as supportive government regulations regarding effective monitoring and control of air pollution and increasing public-private funding for air pollution monitoring. Moreover, increasing awareness among the populace regarding health problems caused due to polluted air has supplemented the market growth. However, high prices of these monitors and technical complexities involved in deploying them have hampered the market growth.
The global market is expected to garner $6,889 million by 2022, registering a CAGR of 9.2% during the period 2016-2022. North America, followed by Europe, dominates the global market due to implementation of stringent government regulations and growing awareness regarding health issues caused due to air pollution.
Air pollution level has increased at a rapid rate across the globe, owing to rapid industrialization, urbanization upsurge in automotive production. Moreover, the increased use of fossil fuels such as coal, natural gas and gasoline in power plants and vehicles have further worsened the conditions. Thus, air quality monitors gaining traction among residential and commercial premises to monitor the level of various pollutants.
Read more: Air Quality Monitoring Market to Reach $6,889 Million by 2022 | Rising air pollution level across the world driving the growth