Global Air Quality Monitoring System Market Set for a Positive Growth Forecast at CAGR of 4.6% till 2022
Bharat Book Bureau Provides the Trending Market Research Report on“Global Air Quality Monitoring System Market, Forecast to 2022” underConsumer Goods category. The report provides information on industry overview, market size, latest developments, industry trends,Major Players, global presence, and their future prospects.
Air Quality Monitoring System (AQMS) Market is projected to grow at aCAGR of 4.6% during the forecast period
The global air quality monitoring system market is projected to reachUSD 4.90 billion by 2022 from USD 3.92 billion in 2017, at a CAGR of 4.6%. The major factors driving the growth of the air quality monitoring system market include the supportive government regulations for effective air pollution monitoring and control, ongoing initiatives towards the development of environment-friendly industries, increasing public-private funding for effective air pollution monitoring, rising levels of air pollution, and increasing public awareness related to the environmental and healthcare implications of air pollution. However, high product costs and technical limitations associated with the majority of AQM products are expected to restrain the growth of this market during the forecast period.
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The stack monitoring segment is expected to grow at the highest rate during the forecast period
On the basis of sampling method, the air quality monitoring system market is categorized into five segments—continuous, passive, intermittent, manual, and stack sampling. The stack monitoring segment is estimated to witness the highest growth during the forecast period, primarily due to its low operational cost, increasing government emphasis on regulatory compliance for industrial pollution monitoring, and rising emphasis on pollution monitoring and control.
In 2017, the chemical pollutants segment accounted for the largest share of the AQMS market
Based on pollutant, the air quality monitoring system market is segmented into chemical, physical, and biological pollutants. The chemical pollutants segment commanded the largest share in 2017. The large share of this segment is primarily attributed to the increasing stringency of government regulations on the monitoring and control of air pollution (especially gaseous pollutant levels), growing public concerns regarding the health implications of air pollution, and ongoing development & commercialization of innovative gas and chemical detection sensors.
The APAC market is expected to grow at the highest CAGR during the forecast period
Geographically, the AQMS market is segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the World. The APAC market is expected to register the highest growth rate during the forecast period, primarily due to the large-scale industrialization in emerging APAC countries, increasing stringency of air pollution regulations, and continuous government support for the development & commercialization of advanced AQM products in this region.
Breakdown of supply-side primary interviews:
- By Company Type - Tier 1 – 25%, Tier 2 – 50% and Tier 3 – 25%
- By Designation - C-level – 35%, Director-level – 50%, Others – 15%
- By Region - North America - 40%, Europe – 30%, APAC – 20%, RoW – 10%
Some the major players profiled in this report are Thermo Fisher Scientific (US), Teledyne Technologies, Inc. (US), Siemens Ltd. (Germany), Emerson Electric Co. (US), and General Electric (US).
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