Global Air Quality Sensors Market Overview:
Air quality sensors, a component of air purifiers or standalone devices that can detect and monitor air pollution in the surrounding area. The growing air borne diseases and fatalities, urbanization & industrialization and energy consumption in cities across the world leading to pervasive air pollution are the major factor in the growth of the air quality sensor market. According to AMA, the Global Air Quality Sensors market is expected to see growth rate of 10.68% and may see market size of USD366.29 Million by 2027.
Growth Drivers
- Increasing Demand from the Industrial and Automotive Industry
- The Growth in the Number of Air Polluted Cities in Both Developed and Developing Economies
Roadblocks
- Limited Durability of the Air Quality Sensors
- Lack in Development of Sensors with Advanced Features
Opportunities
- Development of Nanotechnology-Based Air Quality Sensors
- Supportive Government Regulations for Air Pollution Monitoring and Control Worldwide
Challenges
- Low Adoption Rate of Air Quality Sensors in Automotive Industry in Emerging Economies
- Low Implementation of Air Quality Sensors
Competitive Landscape:
The global air quality sensor market is fragmented in nature due to the presence of more players in the market. Major players are adopting various strategies to improve the quality of the product through technological advancements, research and innovation, merger and acquisition, and new product launch.
Some of the key players profiled in the report are Texas Instruments (United States), Figaro Engineering Inc. (United States), Amphenol Limited (United States), Bosch (Germany), Honeywell (United States), Murata (Japan), Integrated Device Technology, Inc. (United States), Molex, LLC (United States), Sensirion AG (Switzerland), Shenzhen Pelens Technology Co., Ltd. (China), Siemens (Germany), Ogam Technology (South Korea) and Aeroqual (New Zealand). Analyst at AMA Research see United States Players to retain maximum share of Global Air Quality Sensors market by 2027. Considering Market by Location Type, the sub-segment i.e. Indoor will boost the Air Quality Sensors market.
In 2020, Honeywell expanded its holistic Healthy Buildings Air Quality offering to help improve and measure commercial building indoor air quality with the introduction of Honeywell Electronic Air Cleaners (EACs) with UV Systems and a new line of indoor air quality (IAQ) sensors.
The Environmental Protection Law is the framework law that provides general provisions regulating all aspects of environmental protection and pollution control. Among them, the Law on Prevention and Control of Air Pollution (Air Law) is the primary law dealing with air pollution, providing comprehensive measures of air pollution prevention and control.
What Can be Explored with the Air Quality Sensors Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Air Quality Sensors Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Air Quality Sensors
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Air Quality Sensors market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Air Quality Sensors market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Air Quality Sensor Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government and Non-Government Organisation, Air Pollution Monitoring Committees, Petrochemical and Biofuel Manufacturing Companies, End-user and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.