Market Size – The air quality sensors market size has grown strongly in recent years. It will grow from $4.83 billion in 2023 to $5.27 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to the emergence of smart cities, public awareness campaigns, expansion of industrial activities, increased awareness about health hazards, and advances in sensor technology.
The air quality sensors market size is expected to see strong growth in the next few years. It will grow to $7.47 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to the increasing adoption of air quality sensors, ongoing development of smart cities, rapid urbanization, increased focus on air pollution control measures, and rising concerns about climate change. Major trends in the forecast period include integration of IoT technology, growing demand for low-cost air quality sensors, rise in indoor air pollution concerns, integration with smart home systems, and increased adoption in automotive applications.
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Scope Of Air Quality Sensors MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Air Quality Sensors Market Overview
Market Drivers -The increasing number of airborne diseases and fatalities is expected to propel the growth of the air quality sensors market going forward. Airborne diseases refer to bacteria or viruses that primarily spread through tiny respiratory droplets. The growth of airborne diseases is influenced by various factors, such as higher population density, international travel and migration, and the emergence of antimicrobial-resistant strains. Air quality sensors are used to detect airborne pollutant concentrations, as these devices are engineered to identify and display levels of a specific pollutant, such as particulate matter (PM), within indoor environments. For instance, in November 2023, according to the Centers for Disease Control and Prevention, a US-based government agency, there was an 18% increase in the estimated number of cases and a 43% increase in the estimated number of deaths of measles in 2022, compared with an estimated 7,802,000 cases and an estimated 95,000 deaths in 2021. Therefore, the increasing number of airborne diseases and fatalities is driving the growth of the air quality sensors market.
Market Trends – Major companies operating in the air quality sensors market are focusing on developing advanced solutions, such as outdoor air quality monitoring platforms, to gain a competitive edge in the market. Air quality monitoring platforms refer to comprehensive systems that integrate various air quality sensors, data collection methods, and analysis tools to continuously monitor and assess the quality of ambient air in specific locations or across larger geographical areas. For instance, in March 2023, Attune Inc., a US-based company offering a flexible sensor platform for air quality, announced the launch of an air quality monitoring (OAQ) kit, a new sensor-based platform for outdoor air quality monitoring. The OAQ Kit is a versatile technology solution with multiple sensors that is ready to use and adaptable to various outdoor air quality monitoring needs. It detects a wide range of outdoor air pollutants, including but not limited to temperature, relative humidity, volatile organic compounds (VOCs), particulate matter (PM0.3–1.0), PM2.5, PM10, carbon dioxide (CO2), carbon monoxide (CO), hydrogen sulfide (H2S), nitrogen dioxide (NO2), ozone (O3), and sulfur dioxide (SO2), and can be customized according to specific customer requirements.
The air quality sensors market covered in this report is segmented –
1) By Type: Signal-Gas Monitoring System, Multi-Gas Monitoring System
2) By Portability: Portable Air Quality Sensor, Fixed Air Quality Sensor
3) By Pollutant: Chemical, Particulate Matters, Biological
4) By User: Government, Petrochemical, Power Plant, Residential
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Regional Insights – North America was the largest region in the air quality sensors market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the air quality sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies operating in the air quality sensors market are Bosch Sensortec GmbH, Siemens AG, Haier Group Corporation, Schneider Electric SE, Valeo AG, Amphenol Corporation, Renesas Electronics Corporation, SUEZ SA, Honeywell International Inc., Sensata Technologies Inc., Vaisala Corporation, Sensirion AG, FIGARO Engineering Inc., Paragon AG, Purelogic Labs , Alphasense Ltd., MetOne Instruments Inc., Eltako GmbH, Birdi Inc., AireBeam Communications, Kaiterra Inc., Foobot, AirGuard HK Ltd, PurpleAir Inc., Aeroqual Limited
Table of Contents 1. Executive Summary2. Air Quality Sensors Market Report Structure3. Air Quality Sensors Market Trends And Strategies4. Air Quality Sensors Market – Macro Economic Scenario5. Air Quality Sensors Market Size And Growth…..27. Air Quality Sensors Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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