Highlights • The global market for air quality monitors reached $3.5 billion in 2015. This market is expected to increase from $3.8 billion in 2016 to nearly $5.9 billion in 2021 at a compound annual growth rate (CAGR) of 8.8% for 2016-2021. • Outdoor air quality monitors market is expected to grow from nearly $1.3 billion in 2016 to $2.1 billion at a CAGR of 10.7% from 2016 through 2021. • Indoor air quality monitors market is expected to grow from $2.5 billion in 2016 to $3.7 billion in 2021 at a CAGR of 7.8% from 2016 through 2021.
Study Goals and Objectives The objective of this report — Growing Markets for Air Quality Monitors: China, North America, Europe and Developing Markets — is to discuss the changes and new developments in the air quality monitoring technologies market and the opportunities for various stakeholders. The report forecasts market demand from 2016 through 2021 with historical data for 2015, with the goal of understanding various growth drivers, key trends, growing segments and technologies.
Reasons for Doing This Study BCC Research is publishing this study because it has identified air quality monitoring technologies as a growing market that presents strong growth opportunities for all stakeholders. The market is dynamic and growing with new developments and adoption from new industries and sectors.
Scope of Report BCC Research defines air quality monitors as equipment used to monitor, quantify and determine the quality of outdoor and indoor air in various places, including households. Air quality monitors determine a range of air pollutants in the air, such as various poisonous and harmful gases, pollen, dust, smoke, etc. Air quality monitors determine all types of air pollutions, namely, chemical pollution, biological pollution and physical pollution. These devices are extensively used by government and related institutions to measure any violations in air quality and pollution in various installations, as well as used to measure general outdoor air quality.
Air quality monitoring can be autonomous (continuous) monitoring or manual monitoring. In both processes, pollution and air quality sensors are installed in order to record air quality and provide measurable output, which precisely indicates the amount of pollutants in the air, as well as general composition/quality of the sampled air.
Air quality monitoring devices consist of hardware (sensors) as well as software that analyze data that is compared to a pre-populated database. An extension of air quality monitoring is analytics, in which software analyzes the air quality from various regions on earth in order to create a detailed map for comparing air quality (and pollution) around the globe.
To calculate and segment the market, we have mainly considered air quality monitoring hardware (sensors and overall devices). However, the report also considered associated software revenue, as well as companies that may not be sensor manufacturers, but market air quality monitoring products as their own by incorporating sensors from other manufacturers. The calculation also considers services revenue from the air quality monitoring technology/device providers.
However, stand-alone software (such as analytics software) that is sold separately from the air quality monitoring device/hardware is beyond the scope of this report. Other categories not investigated by this report include after-market software, hardware and services (including services which do not directly relate to air quality monitoring, such as education, consulting, training, etc.) and air quality control equipment.
The report begins by introducing the reader to how the market for air quality monitoring technologies has evolved over time and how various factors are impacting the sector.
Building on that understanding, the report proceeds to identify the following factors: • Primary forces with a direct impact on the air quality monitoring technologies markets. • Secondary forces that have an indirect impact. • Key funding and financing in this space, which are particularly supportive for new entrants. • Some key challenges that may hinder market growth. • Key visible trends. • Top applications of air quality monitoring technologies, along with leading air quality monitoring technology segments. • Demand in the North America, Europe, the Middle East and Africa (EMEA), Asia-Pacific (APAC) and South America for air quality monitoring products.
Information Sources BCC Research studied more than 100 companies to obtain data for this report. The companies range from air quality monitoring technology providers and end users of air quality monitors (e.g., environmental companies, governments, etc.) to air quality monitoring and related software providers. Studies prepared for peer-reviewed professional literature and reports by technical experts were also investigated. Other data came from scientific and technical conferences, presentations prepared by the companies and associates, press releases, annual reports, white papers, investor webinars and government sources that are publicly available.
Methodology To undertake this forecast, BCC Research analyzed the markets for related technologies and products (products and solutions that are related to the air quality monitoring technologies market), as available in the product literature and catalogs and forward-looking statements made by public companies. Press releases, innovations and research and development papers, white papers and presentations were also consulted as well as data from other independent sources.
BCC Research used a dual approach to forecast and estimate the values for the air quality monitoring market.
Firstly, BCC Research analyzed spending by various key air quality monitoring providers and users. Global, regional and sector-specific air quality monitoring technology spending was analyzed. Further, other factors, such as the overall increase in adoption of air quality monitors were also analyzed. To arrive at the final figures, BCC Research also estimated the overall budget allocation to air quality monitoring technology products, and the forecast spending and allocation of air quality monitoring technologies by major companies around the world.
Secondly, BCC Research created a detailed survey and collected opinions from industry and domain experts, company executives and others with strong knowledge in the space to provide a qualitative assessment of the trends in the market. Along with the qualitative data, the survey also indicated some quantitative data sets and figures.
The final values were obtained through a combination of the above methods. Compound annual growth rates (CAGRs) were calculated by assigning the appropriate weight to various markets (e.g. air quality monitoring sensors) that broadly impact the air quality monitoring technologies markets. Calculations were performed using the company growth that occurred in this space over the past five to 10 years, along with other factors, such as growth in budget allocation to air quality monitoring technologies, growth of air quality monitors in the past and by analyzing the relationship between sectoral growth and rising demand for air quality monitors in the past.
Estimated values are based on manufacturers’ total revenues.
Geographic Breakdown In this report, the geographic regions considered for market analysis include, and only include: North America • United States • Mexico • Canada
EMEA • Germany • France • U.K.
APAC • China • India • South Korea Rest of the World
Summary and Highlights This BCC Research report examines the changing and evolving air quality monitoring market. The analysis includes a detailed survey of new organizations (innovators) in the sector as well as existing organizations. At the industry level, BCC Research identifies, examines, describes and provides global and regional market sizes for 2015 and forecasts demand from 2016 through 2021.
While there is a wide range of companies operating in the market, the players can be broadly classified as follows: • Sensor technology providers and manufacturers. • Air quality monitoring hardware and software providers. • Air quality monitoring device manufacturers. • Air quality monitoring operators and service providers.
North America, and particularly the U.S., is the most prominent user of air quality monitors. North America is followed by EMEA, APAC and South America. However, APAC and South America (the developing regions) are witnessing the strongest growth in terms of the adoption of air quality monitoring products. Due to the initial high price (high implementation cost), air quality monitoring products still have a low penetration in most underdeveloped regions.
BCC Research’s analysis of the market has identified the following key points: • Global demand for air quality monitoring market was valued at $3.5 billion in 2015. • Global demand is expected to increase from $3.8 billion in 2016 to $5.9 billion in 2021. • Total geographical and technology-wide compound annual growth rate (CAGR) is projected to be 8.8% over the forecast period of 2016 through 2021, indicating strong growth.
BCC Research estimates that while the overall market is witnessing strong growth, the outdoor air quality monitoring market will lead both categories, following a rise in market share from 33.1% in 2015 to 33.6% in 2016 and 36.6% in 2021.
BCC Research has identified the following key market drivers: • Increasing stringent government regulations and guidelines. • Ever-increasing air pollution and rising concern among government and the general population. • Growing number of deaths due to air pollution. • Increasingly adverse environmental affects due to air pollution. • Increasing availability of air quality monitoring devices.
Of these drivers, BCC Research identified increasing stringent government regulations and ever- increasing air pollution to be the strongest drivers. However, all of the drivers are expected to have a strong impact towards the growth of this market.
Overall, the market presents a strong growth opportunity for new entrants as well as existing players. However, technological innovation remains the key to survival in this market.
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