Market Trends of Environment Monitoring Devices Industry
This section covers the major market trends shaping the Environment Monitoring Devices Market according to our research experts:
Air Pollution Monitoring is Expected to Hold Significant Market Share
- Air pollution is the emission of toxic and harmful chemicals and other compounds into the atmosphere. Due to alarming levels of air pollution, the implementation of stringent regulations, and rising awareness about the harmful health effects of pollutants, monitoring air quality has become an integral part of several countries worldwide. As such, the market for air pollution monitoring devices has steadily increased in the past few years and is anticipated to continue this trend.
- Project initiatives by companies to maximize awareness regarding air pollution and build monitoring devices have been crucial factors in the rise of the studied market. For example, Recently, Vortex initiated a podcast for air pollution awareness and collaborated on a major air quality monitoring project, the first of its kind in Wales, to deliver solutions for air pollution based on artificial intelligence and IoT services.
- The key market players have been investing in the R&D sections to develop new and improved air pollution monitoring devices and introduce them into the market. For instance, Recently, Vaisala launched an advanced air quality sensor complementing its monitoring solution to enhance the quality of life, safety, efficiency, and sustainability in communities. By identifying pollutant gases and particles in real-time, the new AQT530 sensor advances Vaisala's offering to improve decision-making and empower stakeholders in urban communities worldwide.
- Moreover, Recently during the second wave of the pandemic, Ambee, an environmental intelligence company that supplies hyperlocal data on environmental factors in real-time, has launched an all-new version of their air quality monitoring app for accessing real-time air quality data at a street-by-street level.
- Further, government initiatives have also helped boost the market for air pollution monitoring devices. For example, in August 2022, the UP Pollution Control Board (UPPCB) in India installed six portable devices to monitor the air quality of areas facing demolition. These activities surge the demand for such devices, thereby increasing sales.
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North America is Expected to Hold Significant Market Share
- The countries and their respective states in the region have developed several regulations and requirements to protect the natural environment and the health of its citizens. Products manufactured, sold, distributed, and imported are subject to an expanding list of complex local, regional, and federal (mandatory and self-regulated) environmental requirements in the United States and Canada. These environmental and safety measures create new compliance challenges for global and local businesses, further driving the region's monitoring devices.
- In North America, the Environmental Protection Agency (EPA) and the US Occupational Safety and Health Administration (OSHA) strictly implement industrial safety, which has been driving the adoption of environmental monitoring devices. Almost all businesses in the United States are subject to OSHA standards, so they are a relevant concern for employers and employees in many industries.
- In September 2022, Honeywell launched a first-of-its-kind solution that combines early warning smoke and air detection with advanced indoor air quality monitoring, furthering its efforts to create safer and healthier buildings.
- In August 2022, Aeroqual announced the launch of Aeroqual Ranger, a connected handheld air quality monitoring solution. The ranger represents the latest advanced evolution to the existing range of handheld monitoring devices, featuring Wi-Fi capability and the Aeroqual Cloud software.
- Further, Yokogawa Electric Corporation launched the OpreX Environmental Monitoring System during the pandemic. The new product is a data collection and recording system that records and manages environmental data, including temperature, humidity, and room differential pressure in medical devices and pharmaceutical manufacturing, testing, and storage areas.
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