Albany, NY -- (SBWIRE) -- 01/26/2019 -- ResearchMoz.us has announced the addition of a report, titled "Air Quality Monitoring Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026". The report on the global air quality monitoring equipment presents in-depth insights into the current outlook, promising avenues, key adoption trends, and major regional markets.
The air quality monitoring equipment market is projected to rise at a single-digit CAGR during 2018–2026. A great deal of momentum for growth is propelled by rising levels of air pollution across the globe, especially in developing economies. Rapid rise in levels in air pollution is attributed to several factors, notably swift pace of industrialization, indiscriminate use of fossil fuels, and rapid fluctuations in seasons. All these have contributed heavily to worsening air quality in various developing and developed regions in recent decades.
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Growing awareness about the increasing role of air pollution on the health of populations is potentially fueling the growth of the market. Poor ambient air quality has been behind the rising prevalence of lung cancer, strokes, respiratory infections, and cardiovascular diseases. This is a notable factor bolstering the demand for air quality monitoring equipment. Against this backdrop, there is rising efforts by governments imposing stringent regulations for monitoring air quality especially from industrial effluents and vehicular emissions. Moreover, the adoption of guidelines for improving the quality of ambient air in urban centers in developing economies is bolstering the market.
The various regional markets for air quality monitoring equipment are North America, the Middle East and Africa, Europe, Asia Pacific, and South America. Of these, Europe is expected to generate substantial share of revenue in the global market. The Asia Pacific market, on the other hand, is expected to rise at the most attractive CAGR during 2018 – 2026. Growing mortality due to rising air pollution level in low-middle income countries in the region accounts for the vast unmet needs, hence underpin enormous market potential. A large chunk of demand is expected to come from China.
The various end-use industries in the air quality monitoring equipment market are oil and gas, power generation, medical, construction, and chemical. Of these, the chemical industry is expected to progress at the most attractive growth rate year-over-year during the assessment period.
The global air quality monitoring equipment market is expected to be increasingly competitive, with constant effort to launch new products and technologies. A growing number of top players are focusing on making strategic alliances to gain a competitive edge over small players and also to consolidate their position across the global market.
Some of the top players operating in the air quality monitoring equipment market are Aeroqual, Kaiterra, Siemens AG, Horiba Ltd., Thermo Fisher Scientific, Teledyne Technologies Incorporated, and Vaisala.
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