USD 4.9 billion
Report ID:
SQMIG20D2261 |
Region:
Global |
Published Date: May, 2024
Pages:
202
|Tables:
94
|Figures:
80
Air Quality Sensor Market size was valued at USD 5.31 Billion in 2023 and is poised to grow from USD 5.75 Billion in 2024 to USD 10.87 Billion by 2032, growing at a CAGR of 8.3% during the forecast period (2025-2032).
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.
Global Market Size
USD 4.9 billion
Largest Segment
Multi-gas Monitoring Sensor
Fastest Growth
Single-gas Monitoring Sensor
Growth Rate
8.3% CAGR
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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.
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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.
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Drivers
Rapidly Increasing Air Pollution
Imposition of Stringent Environmental Regulations
Restraints
High Costs of Advanced Sensors
Accuracy and Reliability Issues
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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
Recent Developments
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 2023 | USD 5.31 Billion |
Market size value in 2032 | USD 10.87 Billion |
Growth Rate | 8.3% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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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Report ID: SQMIG20D2261
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