The Air Quality Monitor Market is being driven by Growing need to monitor indoor air quality in residential and commercial sectors
The Air Quality Monitor Market is expected to grow at a CAGR of 7.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2289.5 million. The global air quality monitor market is experiencing significant growth due to the increasing adoption of green buildings, which prioritize indoor air quality for the health, comfort, and productivity of building occupants. Regulations for characterizing and monitoring local air pollution vary by country. Green building technologies, including air quality monitoring, ventilation management, humidity control, and indoor dust and gas level management, are driving market expansion. Green buildings, recognized as sustainable and high-performance structures, focus on architectural design for efficient use of resources and optimal indoor air quality.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
244 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.1% |
Market growth 2025-2029 |
USD 2289.5 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
6.5 |
Key countries |
US, China, Germany, UK, Canada, France, India, Japan, Italy, and South Korea |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Air Quality Monitor market focuses on measuring and mitigating pollutants in the atmosphere, including particulate matter, carbon monoxide, nitrogen oxides (NOX), and sulfur oxides (SOX), which contribute to respiratory diseases, cardiovascular morbidity, and environmental pollution. These pollutants lead to casualties and acid rain, exacerbating global warming and harming the environment. Smart city initiatives employ wireless communication, crowdsourcing, and smart poles for traffic systems and streetlight solutions to reduce atmospheric pollution from vehicles. Air filters and green buildings are also crucial in this context.
The Air Quality Monitor market is a significant segment of the larger electrical components and equipment market. This market caters to the production and supply of devices used to measure and monitor pollutants, such as particulate matter, nitrogen oxides, sulfur dioxide, and ozone, in the atmosphere. The rising concerns over environmental pollution, acid rain, and its impact on human health, including respiratory diseases and casualties, fuel the demand for advanced air quality monitoring solutions. The global electrical components and equipment market, encompassing manufacturers of water heaters and accessories, motors, electrical distribution and protection equipment, among others, generates substantial revenue through the sales of air quality monitors and related accessories. Additionally, the rental and leasing of these devices to industrial, commercial, and residential sectors further contribute to the market's growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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