Global Air Quality Monitoring Systems Market to Reach $6.1 Billion by 2026
Air quality monitoring devices are used to identify and track the pollutant levels in both indoor and outdoor environments that include carbon monoxide, nitrous oxide, volatile organic compounds (VOCs) and particulate matters. Growth in the market is expected to receive a major impetus from alarming level of air pollution, implementation of stringent regulations and rising awareness about deleterious health effects of pollutants. Increasing air pollution, mainly in urban areas, is attributed to rising construction activity, rapid industrialization and growing vehicle count. Unabated pollution levels and rising public awareness regarding the impact of pollutants on human health and lifestyles along with the environment are creating a pressing need for advanced air quality monitoring systems. The market is poised to also gain from the critical significance of indoor air quality for comfort, health and productivity of people in a building. Other prominent factors augmenting the market growth include increasing number of smart homes and stringent government regulations to control and monitor air pollution. Favorable regulations, ongoing efforts to develop eco-friendly industries and rising public/private funding towards monitoring of air pollution are anticipated to drive the demand. Recent studies have indicated the role of better indoor air quality in reducing the aerosol-based transmission of the COVID-19 virus. The adoption of indoor air quality systems is anticipated to considerably reduce the risk of viral transmission in indoor spaces.