THE DEMAND FOR INDUSTRIAL AIR QUALITY MONITORING SYSTEMS IS BOOMING, THE MARKET TO WORTH $2.59 BILLION BY 2028

Aug 31, 2023

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21 Mar, 2023, 10:01 ET

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CHICAGO, March 21, 2023 /PRNewswire/ -- According to Arizton's latest research report, the industrial air quality monitoring system market will grow at a CAGR of 6.32% during 2022-2028.

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BROWSE IN-DEPTH TOC ON THE "INDUSTRIAL AIR QUALITY MONITORING SYSTEM MARKET"

83 - Tables 105 - Figures 264 – Pages

The post-industrial revolution, technological advancements, and development have seen unprecedented growth over the past 20 years. Population growth, poverty rates, and unemployment have all risen quickly. The modern generation finds industries to be a lifeline, and this has led to employment opportunities. The World Bank Group estimates that in 2020, industries will be responsible for a rise of 23.083% in global employment. However, because of industrial emissions, global problems like climate change and global warming are getting worse. The ambient air has drastically degraded because of expanding industry sectors. Pollutants from industries include nitrogen oxide, sulphur dioxide, dust, and particulate matter. They contribute significantly to dust pollution. Systems for gauging industrial air quality assist in tracking and reducing air pollution in real-time.

INDUSTRIAL AIR QUALITY MONITORING SYSTEM MARKET REPORT SCOPE

REPORT ATTRIBUTES

DETAILS

Market Size (2028)

USD 2.59 Billion

Market Size (2022)

USD 1.79 Billion

CAGR (2022-2028)

6.32 %

Base Year

2022

Forecast Year

2023-2028

Market Segments

Product Type, Chemical Air Pollutant, End User, and Geography

Geographic Analysis

North America, Europe, APAC, Latin America, and Middle East & Africa

Countries Covered

China, Japan, India, Australia, Germany, the UK, France, Italy, Russia, the US, Canada, Brazil, Mexico, Argentina, Saudi Arabia, South Africa, and the UAE

Market Dynamics

· R&D Activities and Advancement in Technologies

· Rise of Petrol Chemical Industries Aggravate the Demand for Air Quality Monitor Systems

· Increasing Mining Activity Propel the Growth Rate

LARGEST AND FASTEST MARKET

APAC

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The ability to measure air pollutants is changing because of modern air quality monitoring technology developments. Unprecedented data on air pollution and its sources can now be analyzed, gathered, interpreted, and communicated thanks to new modeling tools, data analytics, and affordable sensor technologies. These technologies also help identify local and tailored options to improve air quality. The demand for advanced analytics and AQMS technologies that can be scaled is growing. Thus, opportunities exist for further investment and innovation in this space.

INCREASING MINING ACTIVITIES BOOMING THE DEMAND FOR INDUSTRIAL AIR QUALITY MONITORING SYSTEM MARKET

In 2022, rapid urbanization, modern infrastructure developments, and the rise in the initiatives taken by leading authorities in developing countries to construct railways, roads, buildings, highways, and other network systems strengthened the demand for the mining of raw materials to ensure the continuous construction process. Also, automobile and mining companies are investing extensively in expanding their capacity to fulfill the increased demand for metals and ores. The need for raw materials, such as rubber for tires, steel for the frame, and lithium, for making batteries used in automobile manufacturing is also growing. Therefore, the high production of passenger cars, heavy commercial vehicles, light commercial vehicles, four-wheelers, and two-wheelers supports mining activities. Hence, the rising mining and quarry activities will spike the growth of the global industrial air quality monitoring system market in the future.

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APAC TO HOLD THE LARGEST SHARE IN THE INDUSTRIAL AIR QUALITY MONITORING SYSTEM MARKET

The APAC industrial air quality monitoring system market is expected to grow significantly by 2028. The major economies in APAC, including India, China, and Japan, are witnessing expanding industrial construction activities due to an increasing number of companies in various sectors setting up their plants in distinct countries to capture the target and potential growth.

In 2022, China accounted for the largest revenue share in APAC's industrial air quality monitoring system market. According to the Ministry of Finance, government funds for industrial construction projects were valued at around $1.12 trillion in 2021. For instance, Jiangsu and Zhejiang are the two locations that comprise computing and electronic industries, which makes their GDP growth rates higher than in other cities in China. Thus, new industrial plants and factories are developed in this city. Hence, the demand for air-quality monitoring systems will propel the future.

KEY COMPANY PROFILES

MARKET SEGMENTATION

Product Type

Chemical Air Pollutant

End User

Geography

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TABLE OF CONTENT

1 RESEARCH METHODOLOGY

2 RESEARCH OBJECTIVES

3 RESEARCH PROCESS

4 SCOPE & COVERAGE

4.1 MARKET DEFINITION

4.1.1 INCLUSIONS

4.1.2 EXCLUSIONS

4.1.3 MARKET ESTIMATION CAVEATS

4.2 BASE YEAR

4.3 SCOPE OF THE STUDY

4.4 MARKET SEGMENTATION

4.4.1 MARKET SEGMENTATION BY PRODUCT TYPE

4.4.2 MARKET SEGMENTATION BY END-USER

4.4.3 MARKET SEGMENTATION BY CHEMICAL AIR POLLUTANTS

4.4.4 MARKET SEGMENTATION BY GEOGRAPHY

5 REPORT ASSUMPTIONS & CAVEATS

5.1 KEY CAVEATS

5.2 CURRENCY CONVERSION

5.3 MARKET DERIVATION

6 PREMIUM INSIGHTS

7 MARKET AT A GLANCE

8 INTRODUCTION

8.1 OVERVIEW

8.2 ADVANTAGES OF AIR QUALITY MONITORING SYSTEMS

8.2.1 EFFECTIVE AIR QUALITY MONITORING

8.2.2 TOXIC GAS DETECTION

8.2.3 TEMPERATURE AND HUMIDITY MEASUREMENT

8.2.4 AVOID HEALTH ISSUES

8.3 NEWS AND DEVELOPMENTS IN THE MARKET

8.4 IMPACT OF COVID AND RUSSIA-UKRAINE CONFLICT

8.4.1 KEY TAKEAWAYS

8.4.2 RUSSIA-UKRAINE CONFLICT: GLOBAL IMPACT

9 MARKET OPPORTUNITIES & TRENDS

9.1 RISING PREFERENCE FOR SMART AIR QUALITY MONITORING SYSTEMS

9.1.1 ADVANTAGES OF SMART AIR QUALITY MONITORING SYSTEMS INCLUDE THE FOLLOWING:

9.2 GOVERNMENT AND NON-GOVERNMENT INITIATIVES FOR ENVIRONMENTAL PROTECTION

9.3 GROWING CONSTRUCTION INDUSTRY IGNITES USE OF AIR QUALITY MONITORING SYSTEMS

10 MARKET GROWTH ENABLERS

10.1 R&D ACTIVITIES AND TECHNOLOGICAL ADVANCES

10.2 RISING PETROCHEMICAL INDUSTRY AGGRAVATES DEMAND FOR AIR QUALITY MONITORING SYSTEMS

10.3 INCREASING MINING ACTIVITIES PROPEL GROWTH RATE

11 MARKET RESTRAINTS

11.1 SLOW APPLICATION OF AIR POLLUTION CONTROL REFORMS WORLDWIDE

11.2 HIGH COST OF INSTALLATION

11.3 VOLATILITY OF RAW MATERIAL PRICES

12 MARKET LANDSCAPE

12.1 MARKET OVERVIEW

12.2 MARKET SIZE & FORECAST

12.2.1 VALUE

12.3 FIVE FORCES ANALYSIS

12.3.1 THREAT OF NEW ENTRANTS

12.3.2 BARGAINING POWER OF SUPPLIERS

12.3.3 BARGAINING POWER OF BUYERS

12.3.4 THREAT OF SUBSTITUTES

12.3.5 COMPETITIVE RIVALRY

13 PRODUCT TYPE

13.1 MARKET SNAPSHOT & GROWTH ENGINE

13.2 MARKET OVERVIEW

13.2.1 KEY INSIGHTS

13.3 INDOOR

13.3.1 MARKET OVERVIEW

13.3.2 MARKET SIZE & FORECAST

13.3.3 MARKET BY GEOGRAPHY

13.3.4 PORTABLE INDOOR AIR QUALITY MONITORING SYSTEM: MARKET SIZE & FORECAST

13.3.5 FIXED INDOOR AIR QUALITY MONITORING SYSTEM: MARKET SIZE & FORECAST

13.4 OUTDOOR

13.4.1 MARKET OVERVIEW

13.4.2 KEY TAKEAWAYS

13.4.3 MARKET SIZE & FORECAST

13.4.4 MARKET BY GEOGRAPHY

13.4.5 PORTABLE OUTDOOR AIR QUALITY MONITORING SYSTEM: MARKET SIZE & FORECAST

13.4.6 FIXED OUTDOOR AIR QUALITY MONITORING SYSTEM: MARKET SIZE & FORECAST

13.4.7 DUST & PARTICULATE MATTER MONITORS: MARKET SIZE & FORECAST

13.4.8 AQM STATION: MARKET SIZE & FORECAST (INCLUDES COOLING TOWER)

14 CHEMICAL AIR POLLUTANTS

14.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)

14.2 MARKET OVERVIEW

14.2.1 CARBON DIOXIDE (CO2): MARKET SIZE & FORECAST

14.2.2 SULFUR OXIDE (SOX): MARKET SIZE & FORECAST

14.2.3 NITROGEN OXIDE (NOX): MARKET SIZE & FORECAST

14.2.4 VOLATILE ORGANIC COMPOUNDS (VOC): MARKET SIZE & FORECAST

14.2.5 OTHERS: MARKET SIZE & FORECAST

15 END-USER

15.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)

15.1.1 MARKET OVERVIEW

15.1.2 PETROCHEMICAL INDUSTRY (OIL AND GAS): MARKET SIZE & FORECAST

15.1.2 POWER GENERATOR PLANTS: MARKET SIZE & FORECAST

15.1.3 PHARMACEUTICAL INDUSTRY: MARKET SIZE & FORECAST

15.1.4 FOOD & BEVERAGE INDUSTRY: MARKET SIZE & FORECAST

15.1.5 MINING INDUSTRY: MARKET SIZE & FORECAST

15.1.6 OTHER INDUSTRY: MARKET SIZE & FORECAST

16 GEOGRAPHY

16.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)

16.2 GEOGRAPHIC OVERVIEW

17 APAC

17.1 MARKET OVERVIEW

17.2 MARKET SIZE & FORECAST

17.3 PRODUCT TYPE

17.3.1 MARKET SIZE & FORECAST

17.4 INDOOR

17.4.1 MARKET SIZE & FORECAST

17.5 OUTDOOR

17.5.1 MARKET SIZE & FORECAST

17.6 CHEMICAL AIR POLLUTANTS

17.6.1 MARKET SIZE & FORECAST

17.7 END-USER

17.7.1 MARKET SIZE & FORECAST

17.8 KEY COUNTRIES

17.8.1 CHINA: MARKET SIZE & FORECAST

17.8.2 RECENT INDUSTRIAL DEVELOPMENT PLANS & INVESTMENTS IN CHINA 2021–2022

17.8.3 JAPAN: MARKET SIZE & FORECAST

17.8.4 INDIA: MARKET SIZE & FORECAST

17.8.5 AUSTRALIA: MARKET SIZE & FORECAST

18 EUROPE

18.1 MARKET OVERVIEW

18.2 MARKET SIZE & FORECAST

18.3 PRODUCT TYPE

18.3.1 MARKET SIZE & FORECAST

18.4 INDOOR

18.4.1 MARKET SIZE & FORECAST

18.5 OUTDOOR

18.5.1 MARKET SIZE & FORECAST

18.6 CHEMICAL AIR POLLUTANTS

18.6.1 MARKET SIZE & FORECAST

18.7 END-USER

18.7.1 MARKET SIZE & FORECAST

18.8 KEY COUNTRIES

18.8.1 GERMANY: MARKET SIZE & FORECAST

18.8.2 UK: MARKET SIZE & FORECAST

18.8.3 FRANCE: MARKET SIZE & FORECAST

18.8.4 ITALY: MARKET SIZE & FORECAST

18.8.5 RUSSIA: MARKET SIZE & FORECAST

19 NORTH AMERICA

19.1 MARKET OVERVIEW

19.2 MARKET SIZE & FORECAST

19.3 PRODUCT TYPE

19.3.1 MARKET SIZE & FORECAST

19.4 INDOOR

19.4.1 MARKET SIZE & FORECAST

19.5 OUTDOOR

19.5.1 MARKET SIZE & FORECAST

19.6 CHEMICAL AIR POLLUTANTS

19.6.1 MARKET SIZE & FORECAST

19.7 END-USER

19.7.1 MARKET SIZE & FORECAST

19.8 KEY COUNTRIES

19.8.1 US: MARKET SIZE & FORECAST

19.8.2 CANADA: MARKET SIZE & FORECAST

20 LATIN AMERICA

20.1 MARKET OVERVIEW

20.2 MARKET SIZE & FORECAST

20.3 PRODUCT TYPE

20.3.1 MARKET SIZE & FORECAST

20.4 INDOOR

20.4.1 MARKET SIZE & FORECAST

20.5 OUTDOOR

20.5.1 MARKET SIZE & FORECAST

20.6 CHEMICAL AIR POLLUTANTS

20.6.1 MARKET SIZE & FORECAST

20.7 END-USER

20.7.1 MARKET SIZE & FORECAST

20.8 KEY COUNTRIES

20.8.1 BRAZIL: MARKET SIZE & FORECAST

20.8.2 MEXICO: MARKET SIZE & FORECAST

20.8.3 ARGENTINA: MARKET SIZE & FORECAST

21 MIDDLE EAST & AFRICA

21.1 MARKET OVERVIEW

21.2 MARKET SIZE & FORECAST

21.3 PRODUCT TYPE

21.3.1 MARKET SIZE & FORECAST

21.4 INDOOR

21.4.1 MARKET SIZE & FORECAST

21.5 OUTDOOR

21.5.1 MARKET SIZE & FORECAST

21.6 CHEMICAL AIR POLLUTANTS

21.6.1 MARKET SIZE & FORECAST

21.7 END-USER

21.7.1 MARKET SIZE & FORECAST

21.8 KEY COUNTRIES

21.8.1 SAUDI ARABIA: MARKET SIZE & FORECAST

21.8.2 SOUTH AFRICA: MARKET SIZE & FORECAST

21.8.3 UAE: MARKET SIZE & FORECAST

22 COMPETITIVE LANDSCAPE

22.1 COMPETITION OVERVIEW

23 KEY COMPANY PROFILES

23.1 THERMO FISHER SCIENTIFIC

23.2 EMERSON ELECTRIC CO.

23.3 HORIBA, LTD.

23.4 SIEMENS AG

23.5 TELEDYNE TECHNOLOGIES

24 OTHER PROMINENT VENDORS

24.1 AEROQUAL

24.2 ALDES

24.3 BOSCH

24.4 CIAT

24.5 DAIKIN

24.6 HONEYWELL

24.7 3M COMPANY

24.8 SYSTEMAIR

24.9 JOHNSON CONTROLS

24.10 VTS GROUPS

24.11 SAMSUNG

24.12 PANASONIC

24.13 PERKINELMER, INC.

24.14 SWEGON

24.15 HITACHI

24.16 VENT-AXIA

24.17 LENNOX

24.18 TSI INCORPORATED

24.19 TROX

24.20 OIZOM

24.21 CAMFIL

25 REPORT SUMMARY

25.1 KEY TAKEAWAYS

25.2 STRATEGIC RECOMMENDATIONS

26 QUANTITATIVE SUMMARY

26.1 MARKET BY GEOGRAPHY

26.1.1 MARKET SIZE & FORECAST BY GEOGRAPHY

26.1.2 MARKET SIZE & FORECAST BY PRODUCT TYPE

26.1.3 MARKET SIZE & FORECAST BY PRODUCT TYPE: INDOOR

26.1.4 MARKET SIZE & FORECAST BY PRODUCT TYPE: OUTDOOR

26.2 MARKET BY CHEMICAL AIR POLLUTANTS

26.2.1 MARKET SIZE & FORECAST

26.3 MARKET BY END-USER

26.3.1 MARKET SIZE & FORECAST

27 APPENDIX

27.1 ABBREVIATIONS

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