USD 4.9 billion
Air Quality Sensor Market Size, Share, Growth Analysis, By Type(Single-gas Monitoring Sensor, Multi-gas Monitoring Sensor), By Application(Restroom Toilets, Kitchen, Living Room, Bedroom), By End Use(Residential, Commercial, Government Agencies, Power Plants), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20D2261 |
Region:
Global |
Published Date: May, 2024
Pages:
202
|Tables:
94
|Figures:
80
Air Quality Sensor Market Insights
Global Air Quality Sensor Market size was valued at USD 4.9 billion in 2022 and is poised to grow from USD 5.31 billion in 2023 to USD 10.04 billion by 2031, growing at a CAGR of 8.3% in the forecast period (2024-2031).
Air quality sensors are electrical components and devices used to monitor surrounding air quality in closed or open environments. These sensors help ensure safe air quality for humans and alert them if the air quality is not suitable for them to promote safety in hazardous working environments. Rapidly increasing pollution levels around the world and increasing emphasis on preventive healthcare are projected to promote the demand for air quality sensors over the coming years. Implementation of stringent regulatory mandates for air quality monitoring and improvement around the world are also estimated to favor the sales of air quality sensors in the future. Growing consumer awareness regarding air quality and concerns regarding their wellbeing are also promoting air quality sensor market growth. However, accuracy and reliability concerns associated with these sensors are projected to slow down air quality sensor market development in the long run.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Multi-gas Monitoring Sensor
Fastest Growth
Single-gas Monitoring Sensor
Growth Rate
8.3% CAGR
Global Air Quality Sensor Market ($ Bn)
Country Share for North America Region (%)
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Air Quality Sensor Market Segmental Analysis
The global air quality sensor market is segmented based on type, application, end use, and region. In terms of type, the market is segmented into single-gas monitoring sensor and multi-gas monitoring sensor. Based on application, the market is segmented into restroom toilets, kitchen, living room, bedroom, industrial plants, and others. Based on end use, the market is segmented into residential, commercial, government agencies, power plants, and others. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Type
Multi-gas monitoring sensors are projected to account for a major share of the global air quality sensor market. Surging deployment of multi-gas air quality sensors in industrial settings to improve worker safety is a key factor promoting the dominance of this segment. The versatility of multi-gas monitoring sensors to detect various gases at an affordable cost is also a key factor promoting market growth via this segment.
On the other hand, the demand for single-gas monitoring sensors is forecasted to increase at a rapid pace over the coming years. Easy maintenance, reliable detection, and faster response times are benefits of single-gas monitoring sensors that are promoting their adoption around the world.
Analysis by End Use
Commercial settings are projected to account for a major share of global air quality sensor demand outlook. Growing emphasis on safety and security in commercial establishments and implementation of stringent mandates to ensure safety by governments and regulatory bodies are also promoting market growth via this segment. Increasing demand for better air quality in commercial settings is also estimated to help market growth going forward.
Meanwhile, the demand for air quality sensors in residential settings is estimated to rise at a robust pace across the forecast period. Imposition of stringent regulations to enforce safety and security in residential establishments is estimated to help market growth via this segment.
Global Air Quality Sensor Market By Type
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Air Quality Sensor Market Regional Insights
North America is predicted to account for a major chunk of the global air quality sensor market share owing to high emphasis on air quality monitoring among commercial as well as residential users. High awareness regarding air quality among people and growing use air purifiers in this region are also estimated to bolster the demand for air quality sensors over the coming years. The United States is predicted to spearhead market development in this region followed by Canada through 2031.
The Asia Pacific region is slated to emerge as the fastest-expanding market for air quality sensor providers in the world over the coming years. Rapid industrialization and urbanization have increased air pollution levels in this region, and this necessitates the use of air quality sensors. China, India, and Japan are forecasted to be the top markets for air quality sensor companies operating in this region owing to imposition of stringent regulations mandating the use of air quality monitoring systems and air purifiers to reduce the levels of pollutants in air.
Global Air Quality Sensor Market By Region
- Largest
- Fastest
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Air Quality Sensor Market Dynamics
Drivers
Rapidly Increasing Air Pollution
- Air quality sensors are crucial in monitoring air pollution that is increasing rapidly around the world. Initiatives to reduce air pollution and growing consumer awareness regarding air quality are also estimated to promote the sales of air quality sensors in the future.
Imposition of Stringent Environmental Regulations
- Governments and regulatory bodies are implementing strict laws regarding pollutants in air and air quality, which is promoting the use of air quality sensors and systems to identify the quality of air to ensure compliance with these regulations and boost market growth as well.
Restraints
High Costs of Advanced Sensors
- Advanced air quality sensors are highly expensive because they utilize advanced technology and are often manufactured using expensive advanced equipment. These high costs of advanced sensors is slated to impede market growth in the future.
Accuracy and Reliability Issues
- There have been concerns regarding the accuracy and reliability of air quality sensors as these products are highly sensitive to temperature changes, cross sensitivity issues, etc. This affects the overall accuracy of the sensor and can also cause reliability issues that impede air quality sensor adoption.
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Air Quality Sensor Market Competitive Landscape
Air quality sensor providers should focus on product innovation to improve the accuracy and reliability of their products. Air quality sensor companies can also partner with regulatory authorities to develop products as per required standards and boost revenue generation. Air quality sensor market players can also collaborate with other air quality product manufacturers to supply them with sensors and boost market share.
Top Player’s Company Profiles
- Honeywell
- Renesas Electronics Corporation
- Foobot
- Airbeam
- TE Connectivity
- 3M
- Energomonitor S.R.O.
- Aeroqual Limited
- Siemens AG
- Nest
- Air Guard K
- Air Mentor
- Birdi
- CubeSensors
- Haier
- Telair International
- AET
- Laser Egg
- PRANUS
- Libelium
- IIoT Corporation
- MetOne Instruments Inc.
- SST Sensing
- Schneider Electric
Recent Developments
- In March 2024, Vaisala Oyj, a leading provider of measuring instruments based in Finland, announced the launch of a new air quality sensor called AQT560 to identify priority pollutants in cities.
- In November 2023, Tuo, a start-up company based in the United States, launched a new air quality sensor. The sensor is capable of detecting volatile organic compounds (VOCs) and also measures the humidity levels as well.
- In October 2021, ABB, a renowned multinational corporation working in several industry verticals, announced the launch of a new touch-free smart sensor called ABB FusionAir Smart Sensor to improve indoor air quality.
Air Quality Sensor Key Market Trends
- Integration of Smart Technologies: Air quality sensor manufacturers should focus on integrating smart technologies and connected device technologies such as IoT to maximize their business scope in the future. Air quality sensor companies can provide additional functionality through this move and make their products more versatile to boost sales.
Air Quality Sensor Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, growing awareness regarding air quality and imposition of stringent air quality control mandates around the world are projected to boost sales of air quality sensors over the coming years. On the contrary, high costs of advanced sensors and concerns regarding accuracy are estimated to hurt air quality sensor market development in the long run. Rapid industrialization and rising air pollution levels make the Asia Pacific region the fastest-growing market for air quality sensor companies in the world. Integration of smart technologies will offer new business opportunities for air quality sensor providers in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 4.9 billion |
| Market size value in 2031 | USD 10.04 billion |
| Growth Rate | 8.3% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Air Quality Sensor Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Air Quality Sensor Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Air Quality Sensor Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Air Quality Sensor Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Air Quality Sensor Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Air Quality Sensor Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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