From 29,848,570 kilotons (kt) of CO2 equivalent in 1990, global greenhouse gas (GHG) emissions surged to 45,873,850 kt of COs equivalent in 2018, as per the World Bank. The sources of these emissions are diverse, from power plants and factories to homes and even living things (nasal exhalations). The major ill-effect of these emissions is air pollution, which, in turn, gives rise to the more-serious global warming, climate change, and respiratory problems, such as asthma and chronic obstructive pulmonary disease (COPD). While nothing can be done about human exhalations, a lot could be done about checking the GHG emissions from other sources.
Browse In-depth Air Quality Monitoring Market Size Research Report
Apart from this, it is important to measure the level of such pollutants in the environment, which is why, as per P&S Intelligence, the air quality monitoring (AQM) market value will likely surge from $3.9 billion in 2017 to $6.5 billion by 2023, at an 8.9% CAGR between 2018 and 2013. Air quality index (AQI) readings are commonly available these days at major city landmarks, news channels and papers, and government and private websites. These readings are generally available for various areas in a city, with an advisory for sensitive groups, in case the AQI is too bad.
The key reason behind air pollution is the rapid urbanization, with the United Nations (UN) saying that 68% of the people on earth will be city dwellers by 2050, compared to 55% in 2019. This is leading to the rise in the number of gasoline (petrol) and diesel automobiles, rapid construction of power plants, most of which still burn coal or crude oil; rampant construction, which releases huge amount of dust and other fine particles into the atmosphere; and surging consumption of cooking gas.
However, Asia-Pacific (APAC) is expected to be the fastest-growing air quality monitoring market in the years to come. Home to the most city dwellers in the world, APAC’s problem of GHG emissions is especially serious. Moreover, this region also has the largest number of automobiles on the roads, which are a major contributor to these emissions. Delhi, Beijing, and several other Chinese and Indian cities constantly rank as the most-polluted in the world, which has created a strong need for regular AQI bulletins based on the readings from AQM devices.
Thus, with the rising levels of pollutants in the air, the demand for devices to measure the indoor and outdoor air quality will rise.
