Global Air Quality Sensor Market

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.

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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 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. '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'

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.

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.

North America is predicted to account for a major chunk of the 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.

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Global Air Quality Sensor Market

Report ID: SQMIG20D2261

$5,300
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