The global air quality monitoring (AQM) system market is expected to grow at a CAGR of 5.9% during the forecast period with its market size predicted to reach USD 5.5 billion by 2024. Air quality monitoring system is a device used to monitor the level of the pollutant in the environment. It identifies the concentration of pollutants such as particulate matter, nitrous oxide, carbon monoxide, and sulfur dioxide. The global market is primarily driven by the increasing level of air pollution and mounting occurrence of respiratory diseases.

Different types of products contributed to the air quality monitoring system market size. The market has witnessed a high demand for indoor monitors over the last few years due to mounting consumer inclination for pollution-free indoor environments.

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Technological advancements in air pollution monitoring systems and continuous extension of the petrochemical and power generation industries are also facilitating the growth for the air quality monitoring system market.

The high product cost, slow implementation of air pollution control reforms and technical limitations are the major challenges for the growth of the air quality monitoring system market.

Globally, the manufacturing companies trying to enter the air quality monitoring system market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier to the entry of new players. This offers an edge to the established players in the industry competition.

Asia-Pacific is observed to witness the fastest growth in the market, as the region is the major contributor to global air pollution and different governments are forming stringent regulations for monitoring and preventing air pollution. In addition, the large-scale industrialization, mounting occurrence of respiratory diseases, cancer and cardiovascular diseases and uninterrupted government assistance for the development and commercialization of innovative AQM products are also creating a positive impact on the air quality monitoring system industry growth in the region.

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Key players in the air quality monitoring system market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In February 2018, Teledyne Technologies launched Model T640 PM Mass Monitor, to calculate the dilution of fine particulate matter below 2.5 microns in diameter. Teledyne Technologies Incorporated, 3M Company, Thermo Fisher Scientific Inc., Emerson Electric Co., Siemens AG, ECOTECH GROUP, Merck KgaA, General Electric Company, Horiba Limited, Spectris, TSI Incorporated, Autotronic Enterprise Co. Ltd., and Aeroqual Limited are the key players offering air quality monitoring system.

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