Air Quality Monitoring System Market Trends

Growth Drivers

• Growing Public and Private Programs to Conserve the Environment – Through the implementation and regular monitoring of various government programs, such as the Clean Air Act, which has been the primary federal law governing air quality in the United States since 1970, North America has become significantly less polluted than before. Over 41 areas with high carbon dioxide levels were improved to meet air quality standards. Furthermore, these controls reduced respiratory disease prevalence and premature death rates in the U.S. According to the Environmental Protection Agency in the US, stated that the concentrations of air pollutants such as carbon monoxide improved by 73% from 1990 to 2020, followed by 86% for nitrogen dioxide per year, 25% for ozone, 26% for coarse particulates for 24 hours, 41% for fine particles, and 91% for sulfur dioxide.  
• Rising levels of Household air pollution - There are around 2.4 billion people worldwide cooking on open fires or stoves fueled by kerosene, biomass, and coal, which causes harmful household air pollution and is a major cause of premature deaths. As reported by the World Health Organization (WHO), household air pollution resulted in 3.2 million deaths per year in 2020, including more than 2,37,000 deaths among children under 5 years of age around the globe.
• Increasing Air Particulate Associated Disorders – Particulate matter causes many health problems, including premature deaths, irregular heartbeats, aggravated asthma, impaired visibility, and respiratory signs such as coughing, irritation of the airways, and difficulty breathing. Based on the information provided by the EPA, fine particles (PM2.5) are the main cause of reduced visibility, also referred to as haze, in some parts of the United States.
• Rise in the Amount of Carbon Dioxide Emitted by Road Transportation - The burning of fossil fuels results in the emission of carbon dioxide into the atmosphere, which damages the environment. Approximately 25% of the EU's total CO2 emissions in 2019 were attributed to transport, with road transportation accounting for 71.7%.
• Growing Adoption of Smart Homes – Air Quality Monitoring System market provides humans to live in smart homes in better environmental conditions by monitoring pollutants. Furthermore, home automation sensors are installed in smart homes that can detect smoke at an earlier stage of fire, and it is anticipated to surge the growth of the market by the end of 2035.  As per the estimations, the number of smart homes in the world is estimated to reach 4,500 million by 2050, from a baseline of 2,200 million in 2020

Challenges

• High Costs Associated with the Product - The device has a high installation and maintenance cost. In addition, these systems consume a high amount of power, have a large volume, and are heavy, which increases the overall cost of installation. As a result, emerging economies and rural areas are expected to see a lower adoption rate over the forecast period, thereby hindering the market growth.
• Slow Adoption Rate of Advanced Technology for Measuring Air Quality
• Poor Execution of Air Pollution Management Reforms in Developing Countries