The Air Quality Monitoring Software Market is Projected to Reach USD 544.6 Million By 2022, at a CAGR of 7.05%, from 2017 to 2022.
Air quality monitoring software is required by end-users such as industries, commercial bodies, urban air quality monitoring agencies, and government agencies and research institutes. The air quality monitoring software market is driven by the rise in global levels of air pollution, increasing public awareness of healthcare and environmental implications, rapid industrialization, and government initiatives and regulations for effective air pollution monitoring and control. However, there are various restraints faced by the market such as the rising adoption of alternate and renewable sources of energy and high product costs associated with air quality monitoring solutions.
The industries segment held the largest share of the air quality monitoring software market, by end-user, in 2016. The growth in this end-user segment can mainly be attributed to the ongoing expansion of the petrochemical industry and the power generation sector, coupled with rising levels of electricity generation and consumption, the evolving regulatory scenario across emerging countries, that aim to regulate and reduce air pollution levels from coal and gas-fired power generation plants, and growing public concerns related to health and the environmental implications of air pollution, especially particulate matter pollution which can be attributed to power generation plants.
The market in Asia Pacific is expected to grow at the highest CAGR, from 2017 to 2022. The large-scale industrialization, implementation of stringent air pollution regulations across major Asian countries, and continuous government support for the development and commercialization of advanced products are driving the air quality monitoring software market in the region.
Read more: Air Quality Monitoring Software Market to 2022 – Research and Markets