According to the new research report published by The Insight Partners, titled “Air Quality Sensor Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Air Quality Sensor Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by: Type, Location, End-User, and Geography” the market was valued at US$ 878.62 million in 2019 and is projected to reach US$ 1,266.07 million by 2027; it is expected to grow at a CAGR of 6.1% during the forecast period. The report highlights key factors driving the market growth, and prominent players and their developments in the market.
A large number of people spend most of their time indoors, and indoor air quality has a momentous impact on their comfort and health. Poor air quality can make rooms stuffy and uncomfortable. Indoor pollutants such as radon, mold, pressed wood products (which might contain formaldehyde), and secondhand smoke may lead to health issues, such as lung cancer and asthma among individuals. Moreover, deficient indoor air quality (IAQ) negatively impacts the productivity, cognitive function, health, and well-being of the indoor occupants. Owing to this factor, air quality has become an important concern. Environmental Protection Agency (EPA) states that the worker’s productivity at the workplace can be improved by 5–6% when air pollution levels are set at optimum. As balanced and increased ventilation optimizes indoor air quality, the demand for air quality sensors is rising significantly in various sectors, ranging from residential to commercial and industrial sectors.
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The COVID-19 virus outbreak has been affecting every business globally since December 2019. The continuous growth in the number of virus-infected patients has governments put a bar on the transportation of humans and goods. The manufacturing and construction industries, coal-fired plants, the shutdown of schools, academic institutes, shopping complexes, and office premises have experienced temporary shutdown in their activities which has resulted in lower air pollution. The factory shutdowns and border lockdowns have impacted manufacturing, supply, and sales of various industries and thus stopping the work. With less movement of people and goods, the air pollution is getting reduced across the world. To continue lowering the harmful impact of air pollutants on the environment, the demand for air quality sensors will grow, after the business processes get resumed. In addition, the use of portable air quality sensors will also increase among the individuals owing to COVID-19 with an aim to protect themselves.
Due to the growing significance of air quality, the development of low-cost air quality sensors equipped with remote sensing technology gives a new platform to enhance air quality. The low-cost sensors are becoming popular among citizen scientists and communities to track air quality conditions in varied societies. The low-cost air quality sensors are relatively innovative technology costing less than old air quality monitors, which measure specific air pollutants such as particulate matter and gaseous pollutants. Development in low-cost sensor technologies has facilitated the advancement of indoor air quality monitors for consumers available for less than US$ 300, which reports the concentration of temperature, particulate matter, humidity, carbon dioxide, and volatile organic compounds. The low-cost sensors help in expanding access to air quality monitoring systems and play a critical role in tracking air quality. The Great Basin Unified Air Pollution Control District (California regional government agency) has received a contract from the California Air Resources Board to install a network of Purple Air low-cost sensors across Mono, Inyo, and Alpine Counties. These sensors provide particulate matter data for dust and smoke in areas without regulatory monitors. Therefore, the rising need for air quality in the countries will help in increasing the adoption of low-cost indoor and outdoor air quality sensors.
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Provision of Environment Standards for Environment Safety
Implementation of various environmental standards to minimize the emission of harmful gases in the environment is another major driver for the increased adoption of air quality sensing technology. For instance, the Clean Air Act demands EPA establish National Ambient Air Quality Standards for the pollutants endangering the lives of people and affecting the environment. The Act has established primary and secondary national air quality standards. The primary standard has set the limit to protect the health of children, the elderly population, and asthmatics people. Whereas, the secondary standards set the limits to protect animals, agricultural yields, and buildings from air pollutants. In addition to standards, the EPA Office of Air Quality Planning and Standards (OAQPS) has formed a National Ambient Air Quality Standards for the six common pollutants also known as criteria pollutants — particle pollution, ground-level ozone, sulfur dioxide, carbon monoxide, lead, and nitrogen dioxide. Standards for the protection of the environment will help in encouraging the air quality sensor market.
Secondary Battery Market: Competitive Landscape and Key Developments
Energy monitors.r.o, Met One Instruments Inc, SUEZ, Renesas Electronics Corporation, Sensirion AG, Zhengzhou Winsen Electronics Technology Co., Ltd, Aeroqual Ltd, Siemens AG, Honeywell International Inc.and Schneider Electric are among the key players in the global Secondary Battery market. The leading companies focus on the expansion and diversification of their market presence, and acquisition of new customer base, thereby tapping prevailing business opportunities.
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In 2020, Sensirion presented a new SGP40 VOC (volatile organic compound) sensor for indoor air quality applications including automated air quality control systems and air quality monitoring.
In 2019, SUEZ announces the creation of a new Air Division, and presents its solutions for protecting air quality. The engineers of the company developed a range of solutions to help industrial customers reduce their environmental footprint and local authorities improve air quality.
In 2019, Renesas Electronics Corporation announced the successful completion of Renesas’ acquisition of IDT. Jointly the companies would offer a broader range of leading-edge technology and embedded solutions.
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