Global Air Quality Monitoring Market Set for Rapid Growth, to Reach Around USD 6.78 Billion by 2023
Zion Market Research has published a new report titled “Air Quality Monitoring Market by Product Type (Indoor Monitors, Portable Monitors, Outdoor Monitors, and Others), by Pollutants (Chemical Pollutants, Physical Pollutants, and Biological Pollutants) for End Users (Oil & Gas, Power Generation Plants, Government Agencies & Academic Institutes, Commercial & Residential Users, and Others) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2023”. According to the report, the global air quality monitoring market was valued at approximately USD 4.20 Billion in 2017 and is expected to reach approximately USD 6.78 Billion by 2023, growing at a CAGR of around 8.31% between 2018 and 2023.
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Many industries such as manufacturing, construction, oil & gas, etc. are producing obvious pollutants from their operations which are of serious concern for human health and impact on the environment. Air quality monitoring system examines the quality of air and the impact of air pollution on human health by using specialized devices. To check any violation of air quality standards and to gather information and knowledge for corrective and precautionary air pollution measures many public or private organizations use air quality monitoring (AQM) devices. These devices also used for monitoring wind-based movement, dispersion, dry deposition, chemical transformation, and precipitation of generated pollutants. The main environmental concern from industrial equipment and machinery are emissions of air pollutants that affect air quality, climate change and cause a major health burden for industrial workers.
Increasing adoption of AQM (air quality monitoring) stations in different industries is anticipated to fuel the growth of air quality monitoring market across the globe. It is generally accepted that whilst measurements from air quality stations are highly accurate, they are not sufficiently location-specific. A new generation air quality monitor stations provide localized and real-time air quality readings. Increasing awareness of adverse effects of air pollution on human health coupled with the increased enforcement of stringent government regulations further drives the growth of air quality monitoring market. The huge growth in emerging economies and technological advancements for air quality monitoring system are expected to drive the growth of air quality monitoring market. However high production cost of air quality monitoring devices and limitations associated with those devices are expected to hamper the growth of air quality monitoring market.
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Air quality monitoring market is segmented on the basis of product type, pollutants, end users, and region. Product type segment consists of indoor monitors, portable monitors, outdoor monitors, and others. Pollutant type segments included in this study are chemical pollutants, physical pollutants, and biological pollutants. End-user segments included in this study are oil & gas, power generation plants, government agencies & academic institutes, commercial & residential users, and others. The regional segmentation included in this market are North America, Europe, Asia Pacific, Latin America and the Middle East and Africa with its further bifurcation into major countries including U.S., Canada, Mexico, Poland, Russia, France, UK, Germany, South Korea, China, India, Japan, Brazil and Argentina.
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Key players profiled in the global air quality monitoring market include Thermo Fisher Scientific, Inc., Teledyne Technologies Inc., Siemens AG, Emerson Electric Co., General Electric Company, 3M Company, HORIBA, Ltd., MERCK KGaA, TSI, Inc., Servomex Group Ltd., Testo AG and others.
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