Air Quality Apps Market REPORT OVERVIEW
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The global air quality apps market size was USD 165.9 million in 2021 and is projected to touch USD 724.41 million by 2031, exhibiting a CAGR of 15.9% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with air quality apps experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Air quality apps market growth is rising owing to positive steps taken by the governments across the world to enhance air quality. The adoption of these apps will be aided by advancing air filtration technology and the regulatory frameworks to reduce greenhouse gas emissions. Manufacturers introducing new advanced air quality management apps and solutions in the market, which improves the outlook for the market.
For instance, Aeroqual unveiled a high range electrochemical ozone sensor suitable for ozone sterilization applications in January 2021. A novel ppm NO2 sensor that has an integrated O3 filtering layer for NO2 readings was also created by the company. Citing another instance, in November 2020, Envira created a monitoring tool for interior air quality designed particularly for hotels, restaurants, and coffee shops. The company hopes to decrease indoor air pollution and lessen the transmission of viruses in the area with this project.
COVID-19 Impact: During COVID-19, Investment Deficits Impacted Market Outlook
The swift spread of the COVID-19 left many industries and governments in turmoil. Disruptions in the supply chain, a lack of sufficient funding from consumers and governments, a slowdown in industrial and manufacturing sectors, among other factors, had a significant effect on businesses. Additionally, some governments have taken rigorous measures to stem the spread of COVID-19 outbreak, harming the enterprises financially, such as lockdown restrictions, restrictions on movement, and slowdown in international trade.
LATEST TRENDS
"R&D and Constant Technological Advancements Will Fuel Industry Expansion"
For both established and up-and-coming competitors in this market, it is expected that continued market R&D coupled with advances in AQM systems including sensing technologies and equipment based on nanotechnology would provide lucrative growth prospects. As a result, several research institutions and business sectors are consistently aiming to commercialize and create cutting-edge AQM solutions. For instance, nanotechnology-based AQM devices provide a number of procedural advantages, such as real-time monitoring capabilities, device miniaturization, and improved analytical effectiveness.
Air Quality Apps Market Segmentation
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- By Type Analysis
By type, market is segmented into android and IOS. The android segment will dominate the market in the coming years.
- By Application Analysis
Based on applications, the market is classified into private users and business users. The private segment will lead the global share through 2031.
DRIVING FACTORS
"Environment Conservation Initiatives and Public Awareness Will Drive Market Growth"
By leveraging public awareness programmes and campaigns, governments, non-government groups, and the corporate sector have taken a number of positive actions to reduce air pollution. The market for air quality monitoring has grown as people are becoming more aware of the harmful consequences that breathing dirty air may have on their health. For instance, the National Clean Air Program (NCAP) was introduced by the PMC (Pune Municipal Corporation) in India in November 2021. This effort intends to enhance and expand the AQM infrastructure across the nation by raising public awareness and ensuring the strict execution of measures for the abatement, prevention, and control air pollution levels. These factors will promote air quality monitor adoption.
"Future Smart City Initiatives to Augment Market Share "
The emergence of significant smart city initiatives in various countries is expected to create a plethora of new prospects for the global market for air quality monitoring systems throughout the anticipated timeframe. For instance, in June 2021, the World Banks anctioned a USD 0.22 billion funding to commence an upcoming smart-city project in Ukraine. The funding includes an investment of USD 0.18 billion from IBRD (International Bank for Reconstruction and Development). Such initiatives and investments will work in favour of the market growth and key players over the next few years.
RESTRAINING FACTORS
"Highs Cost of AQM Infrastructure Affect Market Dynamics "
High cost of installation and maintenance of AQM infrastructure are anticipated to limit market expansion. Additionally, the market growth is hampered by the high costs involved in keeping pollution monitoring stations up and running. Strict pollution control regulations along with excessive costs involved could impact the market development slightly.
Air Quality Apps Market REGIONAL INSIGHTS
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Due to the presence of key market players, North America holds the dominant share in the market. The regional market for AQM systems is controlled by manufacturers such as 3M Company, Thermo Fisher Scientific, Teledyne Technologies, Emerson Electric, and Honeywell, among others. For instance, Thermo Fisher Scientific debuted the Thermo Scientific Aerosol Sense Sampler in March 2021. This monitoring tool was created to provide very accurate insight for in-air viruses like SARS COV 2. The Aerosol Sense Sampler gathers ambient air aerosol samples and traps different in-air pathogens on a particular collecting substrate. The Aerosol Sense Sampler was created by Thermo Fisher Scientific to capture a variety of in-air viruses; however, it has largely been validated for the SARS COV-2 infection. Additionally, the US has an impact on the regional industry since consumers are becoming more environmentally conscious.
In 2020, the Asia Pacific region's market held a sizable share and will experience rapid growth in the future. The GDPs of APAC countries have significantly increased driven by the growing investments in AQM infrastructure along with the modernizing industrial and public infrastructures, and the rapid adoption of advanced technologies for environmental monitoring.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.
List of Market Players Profiled
- IQAir (Switzerland)
- BreezoMeter (Israel)
- Air Matters (New Zealand)
- Awair (U.S.)
- Blueair (Sweden)
- Airthings (Norway)
- Plume Labs (France)
- Sonoma Technology (eSIMS) (U.S.)
- Airveda (India)
- Ekohe (Airpocalypse) (U.S.)
- Kaiterra (Switzerland)
REPORT COVERAGE
The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 165.9 Million in 2021 |
Market Size Value By |
US$ 724.41 Million by 2031 |
Growth Rate |
CAGR of 15.9% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the air quality apps market expected to touch by 2031?
Over the research period, the air quality apps be reaching USD 724.41 million in 2031.
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What CAGR is the air quality apps market expected to exhibit by 2031?
The air quality apps market is expected to exhibit a CAGR of 15.9% by 2031.
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Which are the driving factors of the air quality apps market?
Demand for smart cities in the future as well as environment conservation drives are some of the driving factors of the air quality apps market
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Which are the top companies operating in the air quality apps market?
IQAir, BreezoMeter, Air Matters, and Awair are some of the top companies operating in the air quality apps market