The global air quality monitoring system (AQMS) market size is expected to reach USD 6.78 Billion in 2028 and register a steady CAGR during the forecast period, according to latest analysis by Emergen Research. Some key factors attributed to steady market revenue growth are continuously technological developments and advancements in continuous air quality monitoring systems, rising adoption of green-building technologies and smart homes, various government initiatives supporting green initiatives, and rising public awareness regarding the importance of environment conservation.
Rapid advancements of technologies such as IoT systems, WSN, cloud computing, gas sensing, and other technologies are expected to drive market growth to a significant extent going ahead. Major players are currently focused on various research activities to develop satellite-based air quality monitoring systems. Satellite-based remote sensor technology measures the concentration level of pollutants in the atmosphere through interference in light emitted or reflected from earth. Growing importance of technical standardization of organizations on the implementation of advanced measuring principles such as ultraviolet fluorescence measuring principle is a key factor fueling revenue growth of the global market.
Some Key Findings From the Report:
Key players operating in the market are Thermo Fisher Scientific, Emerson Electric, General Electric, Siemens AG, Teledyne Technologies, PerkinElmer, Inc., Agilent Technologies, Inc., Spectris plc., 3M Company, and Honeywell International Inc.
In April 2020, Kaiterra acquired ChemiSense. This acquisition helped Kaiterra to expand its global footprint and provide a range of air quality monitoring devices to existing and new customers.
Continuous monitoring segment accounted for largest revenue share in the global market in 2020. This can be attributed to implementation of supportive government policies for effective air pollution monitoring and constant technological development in advanced continuous monitoring systems.
North America accounted for a 31.6% revenue share in the global market in 2020. Rapid adoption of advanced technologies and presence of stringent government policies for effective pollution control and monitoring are major factors driving revenue growth of the market in this region.