The Asia Pacific region is expected to grow at the fastest rate during the forecast period
Northrook, IL -- (SBWIRE) -- 02/13/2020 -- Growth of the air quality monitoring system market include the supportive government regulations for effective air pollution monitoring and control associated with the rising levels of air pollution, initiatives towards the development of environment-friendly industries, and increasing public awareness related to the environmental and healthcare implications of air pollution.
The global air quality monitoring system market is projected to reach USD 6.0 billion by 2025 from USD 4.3 billion in 2019, at a CAGR of 5.6%.
Air quality monitoring system market is segmented into indoor monitors (comprising fixed and portable monitors), outdoor monitors (comprising fixed, portable, dust, and particulate monitors as well as AQM stations), and wearable monitors. The indoor monitors segment is expected to dominate this market with a share in 2017. Whereas, the outdoor monitors segment is expected to witness the highest growth rate during the forecast period. The large share of indoor segment is attributed to the increasing adoption of smart home and green-building technologies and growing consumer preference for pollution-free indoor environments.
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The air quality monitoring system market is segmented into government agencies and academic institutes, commercial and residential users, petrochemical industry, power generation plants, pharmaceutical industry, smart city authorities, and other end users. The government agencies and academic institutes segment is expected to account for the largest share in 2017. The large share of this segment can be attributed to the presence of stringent environmental regulations, rising government investments for effective AQM, and increased installation of AQM stations worldwide.
Geographical Region Covered
AQMS market across four key geographies, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is expected to dominate the global AQMS market primarily due to the easy accessibility and fast adoption of advanced technologies among key stakeholders and the presence of stringent government regulations for effective pollution monitoring and control. However, Asia Pacific is expected to register the highest growth rate during the forecast period. Factors driving growth in the APAC region include the large-scale industrialization in emerging APAC countries, increasing stringency of air pollution regulations, and continuous government support for the development and commercialization of advanced AQM products in this region.
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Key Market Players
Thermo Fisher (US), Teledyne Technologies (US), Siemens (Germany), Emerson Electric (US), General Electric (US) 3M (US), Horiba (Japan), Merck (Germany), Spectris (UK), TSI (US), Testo (Germany), Honeywell International (US), Agilent Technologies (US), TE Connectivity (Switzerland), and Tisch Environmental (US) among others are the major players operating in the the air quality monitoring system market.
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