Market Size of Air Quality Monitoring Industry
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 5.08 Billion |
| Market Size (2029) | USD 6.73 Billion |
| CAGR (2024 - 2029) | 5.79 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Air Quality Monitoring Market Analysis
The Air Quality Monitoring Market size is estimated at USD 5.08 billion in 2024, and is expected to reach USD 6.73 billion by 2029, growing at a CAGR of 5.79% during the forecast period (2024-2029).
The market had definitely faced the consequences of the COVID-19 pandemic, as the lockdowns resulted in less air pollution, particularly in the transport and industrial sector. For example, the Central Pollution Control Board (CPCB), India, published a report on "the Impact of JANTA CURFEW and lockdown on air quality, which revealed that the lockdown resulted in significant improvement in the air quality of the country.
Thus, the demand for air quality measurement equipment got reduced in various sectors. The market is likely to get accelerated in the near future due to growing concerns about air quality and the expansion of industrialization in many countries. However, the penetration of cleaner sources of energy like renewables and nuclear energy is expected to hinder the market growth due to the steadily decreasing requirement for the product.
Outdoor air quality equipment is expected to be the fastest-growing segment during the forecast period due to government policies on air quality standards in open spaces.
The technological advancements in air quality monitoring systems create enormous opportunities for the techno-development of devices and their applications. For instance, the recent IoT-based equipment, which are more interactive in their functioning and use new technologies for communicating and delivering data, are in vogue these days. They are termed as the Next Generation Air Quality Monitoring Systems, which are becoming the subject of research for many R&D professionals in the area.
The Asia-Pacific region is expected to dominate the market in the coming years due to the growing rate of urbanization and the industrial activities in developing countries.
