Air Quality Monitoring System Market - Market Size Estimation Methodology & Emerging Trends

Posted April 27, 2022 by mmvaidya01

A detailed market estimation approach was followed to estimate and validate the size of the global air quality monitoring systems market and other dependent submarkets.

Overview of This Study:

This study involved the extensive use of both primary and secondary sources. The research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, fundamental market dynamics, and Air Quality Monitoring System Market - key player strategies.

Market Estimation Methodology:

A detailed market estimation approach was followed to estimate and validate the size of the global air quality monitoring systems market and other dependent submarkets.

# The key players in the global air quality monitoring systems market were identified through secondary research, and their global market shares were determined through primary and secondary research.

# The research methodology includes the study of the annual and quarterly financial reports of the top market players as well as interviews with industry experts for key insights on the global air quality monitoring systems market.

# All percentage shares, splits, and breakdowns were determined by using secondary sources and verified through primary sources.

# All the possible parameters that affect the market segments covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

The above-mentioned data was consolidated and added with detailed inputs and analysis from MarketsandMarkets and presented in this report.

Download PDF [email protected]

Expected Surge in Revenue Generation:

The global air quality monitoring system market is valued at USD 4.4 billion in 2021 and is expected to reach USD 5.9 billion by 2026, at a CAGR of 6.5% during the forecast period.

Data Triangulation:

After deriving the overall Air quality monitoring systems market value data from the market size estimation process, the total market value data was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all the segments, data triangulation and market breakdown procedures were employed wherever applicable. The data was triangulated by studying various qualitative and quantitative variables as well as by analyzing regional trends for both the demand- and supply-side macro indicators.

Major Growth Influencing Factors:

The growth of this market is majorly driven by factors such as rising levels of air pollution, supportive government regulations for effective air pollution monitoring and control, and ongoing initiatives toward the development of environment-friendly industries. Adding to this, increasing public-private funding for effective air pollution monitoring, and the increasing public awareness related to the environmental and healthcare implications of air pollution also supports the growth of this market.

Restraint: High product cost

The high installation cost and high maintenance cost of conventional air monitoring system hinders the growth of the market. For instance, the installation of reference air quality monitoring stations is expensive and costs anywhere between USD 100,000–200,000 for a single station. In India, the cost of a single AQM station is estimated to be between USD 0.21–0.35 million (excluding the costs of yearly maintenance). The maintenance cost of pollution-monitoring stations is also high (up to 10% of the installation cost for overall maintenance during a 10-year period).

High costs associated with the purchase, establishment, and maintenance of AQM sensors as well as high establishment costs for AQM stations are further aggravated by the implementation of stringent pollution control policies across mature markets that require regulatory compliance for effective air pollution monitoring as well as data collection and data surveillance. Therefore, the premium pricing of advanced monitoring products, as well as the high installation costs of AQM stations, are expected to restrain their optimal market growth—though mainly across emerging countries—during the study period.

Request Sample [email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Makarand Vaidya
Country United States
Categories Industry , Medical , News
Tags air quality monitoring system , air quality monitoring system market
Last Updated April 27, 2022