Surging Air Pollution Levels Driving Air Quality Monitoring Market

In 2017, the global air quality monitoring market size reached a value of $3.9 billion and is expected to advance at an 8.9% CAGR during the forecast period (2018–2023). The surging air pollution levels, implementation of strict regulations for decreasing air pollution levels, and increasing awareness about harmful effects of air pollution on health and environment are the major factors positively impacting the market. The monitoring of air pollutants in outdoor and indoor environment, by analyzing and evaluating different parameters of air quality, is referred to as air quality monitoring (AQM).

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In terms of sampling method, the air quality monitoring market is divided into intermittent, manual, continuous, and passive. Out of these, the continuous division dominated the market during the historical period (2013–2017) and is further expected to account for the major share of the market during the forecast period. The reason for this that this sampling method can operate over long periods with minimal operator intervention. Due to this, the division is further predicted to advance at a CAGR of 9.8% during the forecast period.

A major driving factor of the air quality monitoring market is the surging air pollution levels, which is being caused by the swiftly growing urban population that is exploiting natural resources and producing waste. Other factors causing air pollution include burning of fossil fuels, vehicular emissions, mining operations, and changing agricultural practices. Because of the rapidly increasing pollution levels, there has been a surge in the number of diseases associated with air pollution. All these factors are contributing to the rising demand for AQM around the world.

Technological advancements in the AQM products is expected to provide wide opportunities to the players operating in the air quality monitoring market. In order to improve environmental protection, research and development activities have resulted in the introduction of various changes in the monitoring technology, such as real-time information on emission levels of greenhouse gases and other hazardous chemicals. Moreover, several government organizations and AQM vendors are engaging in R&D activities for developing and implementing new air quality approaches and technologies.

Hence, the market is witnessing growth due to the increasing air pollution levels and rising awareness about the adverse effects of degrading air quality on health and environment.

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Rapid Industrialization Helping the Asia-Pacific Air Quality Monitoring Market Grow

Increasing incidents of respiratory diseases, rapid industrialization, and rising pollution levels are some of the key factors driving the growth of the Asia-Pacific air quality monitoring market, finds P&S Intelligence. The market attained a size of $936.6 million in 2017 and is expected to advance at a 10.0% CAGR during the forecast period (2018–2023). AQM devices analyze and monitor pollutants in the indoor and outdoor air. These can analyze the pollution according to various parameters, such as gaseous pollutant level and particulate matter (PM).

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Based on product, the APAC air quality monitoring market is bifurcated into indoor and outdoor monitors. Of these, in 2017, indoor monitors held a dominating share in the market and are expected to do so during the forecast period as well. This is ascribed to the increasing adoption of air quality monitors in industries such as petrochemical and pharmaceuticals that demand a controlled environment. However, outdoor monitors are anticipated to exhibit the faster growth, at a CAGR of 11.6%, during 2018–2023.

Fossil fuels, including gas, oil, and coal, are some of the products that emit high amounts of toxic substances, such as methane, nitrous oxide, and carbon dioxide, in the air. Urbanization and industrialization have increased the vehicular traffic, thereby polluting the atmosphere to a great extent.

According to the United Nations Economic and Social Affairs (UNDESA), World Urbanization Prospects 2018 revision data, nearly 55.0% of world population was anticipated to live in urban areas by 2018, and the percentage is expected to reach 68.0% by 2050.

Though industrialization has helped in improving technologies, unfortunately, it has also increased problems such as air contamination. People residing in highly-polluted areas are more susceptible to cancer than people staying in a controlled-quality environment. In 2017, the Ministry of Environmental Protection reported that in China, almost 13,785 companies (nearly 70.6% of the companies examined) had contravened the environmental standards and contributed to pollution. Factors such as this are expected to continue aiding in the growth of the AQM market in APAC during the forecast period.

Hence, the rapid urbanization and increasing levels of air pollution are expected to boost the market.

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