Air Quality Monitoring Equipment Market Insights, Deep Analysis of Key Companies in the Industry 2023 to 2033

The global air quality monitoring equipment market is expected to reach US$ 6.6 billion in 2023 and is predicted to record a CAGR of 7.3%. The market could reach a valuation of US$ 13.3 billion by 2033.

Air Pollution Turns Detrimental to Public Health

Increasing air pollution levels have become a matter of public health concern. High levels of air pollution have led to a rise in pulmonary diseases, lung cancer, and cardiovascular ailments globally. This has called for a need to maintain precise air quality control measures. Hence, for the purpose of public welfare, it is mandated by the government to make meticulous air quality detection practices for factories and automobiles. Therefore, investments by automobiles and organizations in high-quality air quality monitoring equipment are increased to assure abidance by government safety regulations.

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Smart Cities Carve out Lucrative Market Prospects

Estimated smart cities are becoming important for the significant countries of the world. Large amount was invested in the smart city projects of the nation with nearly US$ 0.50 billion invested in June 2021 in the nation’s smart city projects. For smart city projects, high-precision air quality monitoring systems play an important role and consequently cause innovations by the leading players enhancing the market growth.

Market players need to introduce affordable product variations to monitor air quality, which are easy to maintain and use. Since air quality control is rapidly emerging as a necessity of the modern world, key players are engaged in developing affordable product variations, that require less maintenance and are more efficient.

Key Market Developments:

Vaisala Oyj, a technology-based company recently launched its innovative product named Mini-sized Humidity and Temperature Probe HMP9. This is specially designed to monitor air quality. The product is optimized for dryers, air-handling units, and test chambers. It also aids in effectively measuring humidity levels.

In 2021, Ricardo launched a new air quality data analysis and monitoring system. Based in the Middle East Region, the company partnered with Envirozone LLC, for this initiative.

In 2021, Ball Aerospace & Technologies Corp. announced its contract with the National Oceanic and Atmospheric Administration’s Geostationary. The focus is on developing 3D data interpretation systems for forecasters. This can facilitate pollution management and efficient weather forecasting.