MarketAs stated in our extensive report theGlobalAir Quality Control Systems Marketaccounted for USD 6.7 billion in 2020.
A facility that measures wind direction, speed, and other weather parameters along air pollutants concentrate (such as NOx, SO2, O3, THC, CO among others), and particulate matters continuously throughout the year is known as Air Quality Monitoring System (AQMS).
Moreover, due to the sudden outbreak of COVID-19 many companies were impacted, it also impacted the Air Quality Monitoring System Market. The impact created ripple around the world significantly dragging down the economy of major countries. Additionally, COVID-19 had an adverse effect on many stages in the value chain, majorly due to stringent lockdown imposed by the regulating authority in most of the countries. Many companies had to halt down their production/manufacturing facility in the time of crisis and some even went out of business. Also, due to supply chain disruption and restriction in movement of goods in lockdown impacted the sales severely. Major players of the air quality monitoring systems such as Siemens AG, Emerson, and Thermo Fisher experienced a decline in sales for 2020.
The market for Air Quality Monitoring Systems is majorly driven by the factors such as supportive government regulations, degrading air quality, rising pollution levels along with ongoing initiatives for the development of eco-friendly industries. Moreover, the rising investment in the public and private sector for efficient air quality monitoring along with surging public awareness in relation to healthcare and environmental implications is expected to propel market growth in the long run.
The rising demand for Air Quality Monitoring Systems is also due to the increasing emission of mercury, SO2 and acid gases by and power plants will propel market growth in the estimated time frame. Additionally, increasing restrictions and stringent government norms such as Mercury and Air Toxics Standard and Clean Air Act (CAA) have installed the systems which monitor and controls emissions to bring them to a safer level, in the power generation companies using fossil fuels.
The Asia Pacific is expected to have substantial growth in the estimated time period. Growing industries such as cement manufacturing, chemicals, power generation, and metal processing are expected to support the demand for air quality control systems. Additionally, the region contains the world’s most populated countries such as India and China, which have numerous operations such as cement, power, illegal mining operations, and coal consumption to satisfy the increasing requirements for energy and power. This is expected to propel the demand for the Air Quality Monitoring Systems market in the estimated time frame.
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