How is Increased Air Pollution Driving Demand for Air Quality Monitoring?

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 The pollution levels across the globe have been increasing rapidly, owing to the increased number of vehicles on the roads, rapid industrialization, and surging utilization of fossil fuels for generating energy. Moreover, the swiftly increasing population around the globe is further driving the demand for energy. Despite the fact that dependence on industries or energy cannot be decreased now, there is a pressing need for curbing the pollution levels. Air pollution is responsible for causing respiratory problems among people. As per the World Health Organization, about 4.2 million people died in 2016 because of air pollution.

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Owing to these factors, the demand for air quality monitoring (AQM) has been increasing across the world. As per a study conducted by P&S Intelligence, the global AQM market is predicted to generate a revenue of $6.5 billion by 2023, rising from $3.9 billion in 2017, advancing at an 8.9% CAGR during the forecast period (2018–2023). The two types of AQM products are outdoor and indoor, between which, the demand for outdoor devices is predicted to increase significantly in the years to come. These products can detect the presence of biological, chemical, and physical pollutants.

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The major end users of AQM products are pharmaceutical industry, government agencies and academic institutes, power generation plants, commercial & residential sectors, and petrochemical sectors. Among all these, commercial & residential sectors are projected to make considerable usage of AQM in the years to come. This can be ascribed to the surging levels of air pollution and the growing need for monitoring them in densely populated areas. Geographically, North America has been the largest user of AQM up till now, and the region is further expected to create the largest demand for these products in the coming years as well.

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