Air Quality Monitoring Market Worth 5.64 Billion USD by 2021
PUNE, India, July 26, 2016 /PRNewswire/ --
According to a new market research report " Air Quality Monitoring Market by Product (Fixed Gas, Portable, Dust & Particulate Monitor, AQM Station), Pollutant (Chemical, Physical, Biological), End User (Government, Commercial & Residential, Petrochemical, Pharmaceutical) - Forecast to 2021", published by MarketsandMarkets, This report studies the AQM market over the forecast period of 2016 to 2021. The market is expected to reach USD 5.64 Billion by 2021, at a CAGR of 8.5% from 2016 to 2021.
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Browse 67 market data Tables and 51 Figures spread through 180 Pages and in-depth TOC on "Air Quality Monitoring Market"
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The report analyzes and studies the major market drivers, restraints, opportunities and challenges in North America, Europe, Asia-Pacific, and the Rest of the world (RoW).
On the basis of products, the global AQM market is divided into two major categories, namely, indoor and outdoor monitors. Indoor monitors are further divided into fixed and portable monitors. Outdoor monitors are further classified into fixed, portable, dust, and particulate monitors and AQM stations. The indoor monitors segment is estimated to command the larger share in the global air quality monitoring market in 2016. The larger market share can primarily be attributed to the increasing adoption of smart home & green-building technologies, growing consumer preference for pollution-free indoor environments, and the development & commercialization of innovative wearable air quality monitoring technologies.
The AQM market has also been segmented on the basis of sampling method into continuous, manual, passive, and intermittent sampling methods. The continuous monitoring segment is estimated to command the largest share in the global air quality monitoring market in 2016. The large share of this segment can be attributed to the presence of supportive government regulations for effective continuous air pollution monitoring across major markets, technological advancements in continuous monitoring systems, and a large installation base for continuous air monitoring systems.
Based on type of pollutants, the chemical pollutants segment is estimated to dominate the global air quality monitoring market in 2016. The largest share of this segment can be attributed to factors such as increasingly stringent government regulations for effective monitoring & control of rising air pollution levels, growing public concerns related to health implications of air pollution, and ongoing development and commercialization of innovative gas & chemical detection sensors.
On the basis of end users, government agencies & academic institutes are expected to command the largest share of the global air quality monitoring market in 2016. This large market share can be attributed to various factors such as the presence of stringent environmental regulations, rising government investments for effective air quality monitoring, and increased installation of AQM stations worldwide.
A number of factors such as the presence of supportive government regulations for effective air pollution monitoring and control, ongoing government initiatives towards the development of environment-friendly industries, increasing public-private funding for effective air pollution monitoring, rising global levels of air pollution, and increasing public awareness related to the implications of air pollution on healthcare and environment are propelling the growth of the AQM market.
North America is estimated to be the largest regional segment in the global AQM market in 2016, followed by Europe. However, the Asia-Pacific market is expected to grow at the highest CAGR from 2016 to 2021. A number of factors including large-scale industrialization, implementation of stringent air pollution regulations across major Asian countries, growing government emphasis on industry compliance with environmental safety regulations, and continuous government support for the development & commercialization of advanced air quality monitoring products are stimulating the growth of the AQM market in the Asia-Pacific region.
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Thermo Fisher Scientific, Inc. (U.S.), Teledyne Technologies Inc. (U.S.), Siemens AG (Germany), Emerson Electric Co. (U.S.), General Electric Company (U.S.), Servomex Group Ltd. (U.K.), MERCK KGaA (Germany), TSI, Inc. (U.S.), and Testo AG (Germany) are some key players operating in the global AQM market.
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