Overview of This Study:

This research employed a large number of primary and secondary sources. In order to determine the segmentation types, industry trends, major players, competitive landscape, important market dynamics, and major player strategies, the research process involved analyzing a variety of industry-affecting factors.

Global Growth Driving Factors:

The development of environmentally friendly industries, rising air pollution levels, and government regulations that support efficient air pollution monitoring and control are the main drivers of this market's growth. Furthermore, the market is expected to grow during the forecast period due to rising public-private funding for air pollution monitoring and growing public awareness of the negative effects of air pollution on the environment and human health.

Revenue Growth Expectations:

With a predicted revenue of $4.9 billion in 2023, the global market for air quality monitoring systems is expected to grow at a compound annual growth rate (CAGR) of 7.0% to reach $6.9 billion by 2028.

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OPPORTUNITY: Constant R&D and technological progress

For both established and up-and-coming players in the AQM industry, the ongoing research and development, as well as the commercialization of advanced AQM systems (such as nanotechnology-based systems, infrared spectroscopy, and remote-sensing instruments), are anticipated to present substantial growth opportunities. As a result, a growing number of businesses and academic institutions are concentrating on creating and marketing cutting-edge AQM products. For example, AQM products based on nanotechnology have various procedural advantages, including the ability to monitor in real-time, the ability to miniaturize devices, improved analytical efficacy, and cost-effective manufacturing.

In the same vein of progress, a group of multinational researchers has created a low-power gas sensor nano-chip that opens the door to the creation of personal air-quality monitoring instruments. The chemical-sensitive field-effect transistor (CS-FET) platform, on which this nanochip sensor is based, is based on silicon channel transistors with a thickness of 3.5 nanometers. (Reference: Journal of the American Association for the Advancement of Science). In the upcoming years, pipeline development and the wider availability of highly developed air pollution monitoring systems are anticipated to present potential growth prospects for the market.

End Users:

In 2022, government and academic institutions held the biggest market shares for air quality monitoring systems worldwide.

Because of the following characteristics, government and academic institutions made up the largest end-user segment in the market for air quality monitoring systems. Data on air quality that is accurate and current are essential for evidence-based policymaking. Government organizations create and put into practice efficient plans and policies for managing air quality using monitoring data. Programs to reduce emissions, rules governing industry, plans for transportation, and other measures to enhance air quality are examples of these policies. It is essential to monitor air quality in order to safeguard public health. Numerous health issues, including respiratory and cardiovascular disorders, can be brought on by poor air quality. Government organizations monitor air pollution levels in order to determine the population's possible health risks and to put policies in place to lessen exposure to dangerous pollutants.

Geographical Growth Scenario:

According to region, the market for air quality monitoring systems is anticipated to grow at the fastest rate in Asia Pacific in 2022.

The markets for air quality monitoring systems in North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa comprise the global market. The majority of the share is accounted for by North America, with Asia-Pacific expected to grow at the fastest rate.

Environmental regulations governing air quality standards and emissions from industrial facilities are well-established in North America. The need for air quality monitoring systems has increased in the area due to regulations requiring their use. Numerous top technology developers and manufacturers of air quality monitoring systems are based in North America. The region's emphasis on R&D has produced cutting-edge monitoring solutions that draw customers from both domestic and foreign markets.

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Key Players:

As of 2022, prominent players in the air quality monitoring system market are Thermo Fisher Scientific (US), Emerson Electric (US), GE Healthcare (US), Siemens AG (Germany), Teledyne Technologies (US), 3M Company (US), HORIBA, Ltd. (Japan), Merck KGaA (Germany), PerkinElmer, Inc. (US), Agilent Technologies, Inc. (US), Spectris plc (UK), Honeywell International Inc (US), TSI Incorporated (US), Tisch Environmental Inc. (US), and Testo (Germany), among others.

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