Air Quality Sensor Market Research Report- Forecast till 2027 —
The global air quality sensor market to hit USD 8.5 billion by 2027, registering a CAGR of 10.5% during the forecast period, 2021–2027.
Favorable government policies towards air pollution control are projected to boost the market over the forecast period. The industry is undergoing a shift due to the rising investments by numerous organizations in implementing newer technologies for examining and monitoring performance. Additionally, increasing public-private funding for effective air pollution monitoring and rising public awareness of the environmental and healthcare implications of air pollution.
Additionally, investments in sales, marketing, and operations of cryptocurrency technology are set to boost companies' revenues, which in turn is predicted to support market growth. Prominent firms are investing in gasmonitoring systems and collaborating with other firms to provide quality services to their users.
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According to Market Research Future, the global air quality sensor market has been segmented based on type, portability, technology, location of sensors, application, and region.
Based on technology, the global market has been classified into non-dispersive infrared radiation sensors, electrochemical sensors, electroacoustic sensors, and others. The electrochemical sensors segment is expected to account for the largest share during the review period. NDIR (Non-Dispersive Infrared) gas sensors detect a decrease in transmitted infrared light, which is in proportion to the gas concentration.
Based on the location of sensors, the global air quality sensors market has been segmented into indoor air quality sensors and outdoor air quality sensors. The indoor air quality sensors segment dominated the market in 2019 owing mainly to consumer preference and ease of adoption. An indoor air quality sensor (IAQ sensor) is used to measure the air quality within and around buildings. However, an indoor air quality sensor (also known as an IAQ sensor) is used to measure the air quality outside of buildings.
The air quality sensor market has been segmented, by region, into North America, Europe, Asia-Pacific, and the Rest of the World.
North America, followed by Europe, is expected to be the largest market in the forecast period owing to the high concentration of market players and the abundant availability of competent technical expertise. Additionally, the increasing demand for operative building automation and effective pollution management of large pollutants in the region further drive the growth of the air quality sensor market. Additionally, Asia-Pacific is projected to register a significant CAGR during the study period.
The key players in the global air quality sensor industry are 3M Inc. (US),Aeroqual Ltd. (New Zealand), Atlas Scientific Llc (US), Building Automation Products, Inc. (US), Dovelet Sensors (China), Emerson Electric Co. (US), ENViro Technology (UK), Figaro Engineering Inc. (US), GE Measurement & Control (US), Honeywell (US), Horiba, Ltd. (Japan), Oakton Instruments (US), Ogam Technology Co. Ltd. (South Korea), Sgx Sensortech (Switzerland), Siemens Ag (Germany), Skyray Instrument (US), Teledyne-Api (US), and Thermo Fisher Scientific (US).
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Air Quality Sensor Market Research Report: Information by Type (Signal-Gas Monitoring Sensor and Multi-Gas Monitoring Sensor), Technology (Non-Dispersive Infrared Radiation Sensors, Electrochemical Sensors, Electroacoustic Sensors, and Others),Portability (Fixed Device and Portable Device), Technology (Non-Dispersive Infrared Radiation Sensors, Electrochemical Sensors, Electroacoustic Sensors, and Others), Location of Sensors (Indoor Air Quality Sensors and Outdoor Air Quality Sensors), Application (Residential, Commercial, Government Agencies, Hospital, Academic Institutes, and Others),and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2027
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