Market Size of Europe Air Quality Monitoring Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 10.60 Billion |
Market Size (2029) | USD 11.39 Billion |
CAGR (2024 - 2029) | 1.45 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Europe Air Quality Monitoring Market Analysis
The Europe Air Quality Monitoring Market size is estimated at USD 10.60 billion in 2024, and is expected to reach USD 11.39 billion by 2029, growing at a CAGR of 1.45% during the forecast period (2024-2029).
- Over the long term, strict government-mandated emission norms in industrial and commercial operations are expected to drive the market during the forecast period.
- On the flip side, the growing impetus to the renewable energy industry leading to a closure of coal and natural gas-fired power plants is expected to result in a decrease in air pollution levels across the region, restraining the demand for air quality monitoring devices during the forecast period.
- Nevertheless, technological advancements in monitoring equipment to monitor levels of trace contaminants are expected to be a significant growth opportunity for the market during the forecast period.
Europe Air Quality Monitoring Industry Segmentation
An air quality monitoring system is a set of instruments and technologies used to measure and analyze the concentration of various pollutants present in the air we breathe. The system typically includes a network of sensors and data loggers that collect and transmit real-time information on air quality to a central database or platform.
The Europe air quality monitoring market is segmented by product type, sampling method, end-user, and geography. By product type, the market is segmented into indoor monitor and outdoor monitor. By sampling method, the market is segmented into continuous, manual, and intermittent. By end-user, the market is segmented into residential and commercial, power generation, petrochemicals, and other end-users. The report also covers the market size and forecasts for the air quality monitoring market across the major countries, such as Germany, the United Kingdom, France, Italy, Spain, and the Rest of Europe.
For each segment, the market sizing and forecasts have been done based on revenue (in USD billion).
Europe Air Quality Monitoring Market Size Summary
The Europe air quality monitoring market is poised for steady growth over the forecast period, driven by stringent government regulations aimed at controlling emissions from industrial and commercial activities. The increasing focus on renewable energy sources, which is leading to the closure of coal and natural gas-fired power plants, may temper the demand for air quality monitoring devices. However, advancements in monitoring technology, particularly those capable of detecting trace contaminants, present significant opportunities for market expansion. The adoption of continuous ambient air quality monitoring systems, which provide real-time data and reduce manual intervention, is expected to be a key driver in regions with high pollution levels, such as industrial areas. These systems are crucial for compliance with Health, Safety, Security, and Environment regulations, especially in developed European economies where air quality is a major public health concern.
The market landscape in Europe is characterized by a semi-consolidated structure, with major players like Honeywell International Inc., Horiba Ltd., 3M Company, Thermo Fisher Scientific Inc., and Siemens AG leading the charge. Initiatives such as the United Kingdom's Air Quality Grants are instrumental in fostering demand for air quality monitoring systems by funding projects aimed at reducing pollution and enhancing public awareness. The UK's comprehensive monitoring network, including the Automatic Urban and Rural Network, underscores the region's commitment to maintaining air quality standards. Innovations like Honeywell's Vesda Air solution, which integrates smoke detection with indoor air quality monitoring, highlight the ongoing efforts to create safer and healthier environments. Additionally, research advancements, such as those from the Barcelona Supercomputing Center, are enhancing air quality management through predictive mapping techniques, further supporting the market's growth trajectory.
Europe Air Quality Monitoring Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD, till 2028
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.1.1 Strict Government-Mandated Emission Norms in Industrial and Commercial Operations
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1.5.2 Restraints
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1.5.2.1 Growing Impetus to the Renewable Energy industry
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitutes Products and Services
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1.7.5 Intensity of Competitive Rivalry
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Europe Air Quality Monitoring Market Size FAQs
How big is the Europe Air Quality Monitoring Market?
The Europe Air Quality Monitoring Market size is expected to reach USD 10.60 billion in 2024 and grow at a CAGR of 1.45% to reach USD 11.39 billion by 2029.
What is the current Europe Air Quality Monitoring Market size?
In 2024, the Europe Air Quality Monitoring Market size is expected to reach USD 10.60 billion.