Air Quality Sensors Market Growth & Forecast

Market Insights

The Global Air Quality Sensors Market is estimated to grow from USD 4.2 billion in 2020 to USD 6.8 billion by 2026 at a healthy CAGR of 8.6% during the forecast period.

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What is Air Quality Sensors?

Air quality sensors are a components used for purifying air or standalone devices, which can detect as well as monitor air pollution in the nearby area. Air quality sensors can be widely used for both indoor as well as outdoor environments. These sensors are available in numerous types, most of them focus on five components which includes particulate matter, ozone, sulfur dioxide, carbon monoxide, and nitrous oxide.

Covid-19 Impact Analysis

The outbreak of COVID-19 negatively affected the air quality sensors industry. The shutdown of manufacturing activities along with ban on travel & transportation ban across the globe, the demand for air quality sensors was affected as there was less pollution due to limited emissions. Most automakers and other manufacturing sectors had to halt operations or are working at a limited capacity, thus adversely affected the product demand.

Key Players

Key players operating in the global Air Quality Sensors Market are-

• Foobot (US)
• Airbeam (AirCasting) (Canada)
• Air Guard K (US)
• Laser Egg (Switzerland)
• PRANUS (US)
• Birdi (US)
• CubeSensors (Slovenia)
• Haier (China)
• Honeywell International Inc. (US)
• Schneider Electric SE (France)

Market Drivers

The Air Quality Sensors Market is mainly driven by:

• Rapid urbanization, increasing knowledge among the population regarding rising airborne diseases & fatalities, and economic & population growth.
• This has resulted in a surge in industrial activities, vehicle use, and energy consumption in various cities worldwide, which led to pervasive urban air pollution.
• Growing environmental pollution has become a key issue; the governments at all levels globally, are paying more attention to environmental management in their jurisdictions and thus increase the investment in environmental monitoring & emergency monitoring.
• Also, soaring number of infrastructural projects in business & industrial areas.

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Segment Analysis

Type Trends

The market has been bifurcated into signal-gas monitoring system and multi-gas monitoring system. The multi-gas monitoring system segment accounted for the largest market share in 2020.

Increasing worries regarding personnel and plant security are the drives the need for multi-gas monitoring systems. Rising number of deadly mishaps & gas leaks, and spillages, further augments the segment growth.

Regional Trends

The North American market accounted for a significant share in 2020 and is expected to grow at a robust CAGR during the review period. The market growth is mainly propelled by growing awareness in individuals regarding air purifiers.

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Also, large presence of product manufacturers along with stringent environmental regulations on installation of air quality sensors, further bolsters the regional market growth.

The Asia Pacific air quality sensors? market is expected to grow at a healthy CAGR during the review on account of growth of the major end-use industries. This growth is mainly attributed to infrastructure improvement of residential and commercial buildings as well as rapid industrialization and strong economic growth.

Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the market.

The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Trend and forecast analysis
• Segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, Technology launches, etc.
• Attractive segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with companies across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Target Audience

The target audience of the air quality sensors market includes-

• Air Quality Sensors Vendors
• Air Quality Sensors Manufacturers
• Air Quality Sensors Distributors
• Organizations
• Government Bodies.

Critical Questions Answered in the Report

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026. Following are the critical questions answered in the report.

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on global market?
• What are the key strategies adopted by the major vendors to lead in the global market?
• What is the market share of the top vendors?

Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Technology portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.