The air quality sensor market is growing continually. The market growth attributes to the rising need for better air pollution measurement systems. Increased usage of air quality monitoring devices in residential, commercial, government agencies, hospitals, and academic institutes escalates market growth. Besides, the augmenting demand for location-based air quality sensors drives the development of the market.
Air Quality Sensor Market is Expected to Reach USD 8.5 billion with 10.5% CAGR during the forecast period, 2021–2027. The research provides up-to-date analysis of global market that primarily includes current market landscape, latest trends, Air Quality Sensor market size, share, CAGR, expert review, drivers, and overall market environment. The report also gives deeper details into the technological development, industrial scenario, and newly launched product in the Air Quality Sensor Market.
Continual programs are undertaken by earth observation agencies worldwide. Rising budgets to enable air quality mapping programs influence the market revenues heavily.
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Furthermore, increased government initiatives and regularization to control air pollution levels substantiate the growth of the market. Rising demand and usages of air quality sensors in various applications supported by countries worldwide boost the market growth. Also, technological upgrades in geologic carbon storage and geothermal exploration systems designed to capture carbon pollution push the development of the market.
On the flip side, stringent safety norms and standards for product approval are the major factors estimated to impede the market growth. Nevertheless, the recent drastic shift towards the increasing eco-awareness and environment protection would support the market growth throughout the review period, creating a substantial demand.
Air Quality Sensor Market - Competitive Analysis
The global air quality sensor market appears highly competitive due to the presence of several well-established players. Matured players incorporate strategic approaches such as mergers & acquisitions, collaborations, expansion, and product & technology launch to gain a larger competitive advantage.
Major Key Players:
3M Inc. (US)
Atlas Scientific Llc (US)
Building Automation Products Inc. (US)
Dovelet Sensors (China)
Emerson Electric Co. (US)
ENViro Technology (UK)
FigaroEngineering Inc. (US)
GE Measurement & Control (US)
Honeywell (US)
Horiba Ltd. (Japan)
Global Air Quality Sensor Market - Segments
The report is segmented into types, portability, technology, location of sensors, application, and regions. The type segment is sub-segmented into signal-gas monitoring sensors and multi-gas monitoring sensors. The portability segment is sub-segmented into fixed devices and portable devices.
The technology segment is sub-segmented into non-dispersive infrared radiation sensors, electrochemical sensors, electroacoustic sensors, and others. The location of sensors segment is sub-segmented into indoor air quality sensors and outdoor air quality sensors.
The application segment is bifurcated into commercial, residential, government agencies, hospitals, academic institutes, and others. The region segment is bifurcated into Americas, Asia Pacific, Europe, and rest-of-the-world.
Global Air Quality Sensor Market - Regional Analysis
North America dominates the global air quality sensor market. The largest market share attributes to stringent regulations to control increasing pollution levels across the region. Besides, the increasing uptake of air quality monitoring devices in residential, commercial, government agencies, and hospitals positively impacts market value. Rising technological advances and the hospitality industry drive the growth of the market significantly.
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