Air Quality Monitoring Industry Overview
Air Quality Monitoring market is expected to garner $6,889 million by 2022, registering CAGR of 9.2% during the forecast period 2016-2022. Air quality monitors are the devices used to detect and monitor the level of pollutants in indoor as well as outdoor environments. It detects the level of pollutants such as carbon monoxide, sulfur dioxide, nitrous oxide, particulate matter, and volatile organic compounds (VOCs). The need to maintain the air quality has fostered the demand for air quality monitors, as the polluted air contains several harmful pollutants that cause health problems. These toxic pollutants are released in air through emission from various industries, vehicles, or combustion of fossil fuels in residential areas.
Increase in level of pollution has triggered the spread of disease such as asthma, chronic obstructive pulmonary disease, lung cancer, and cardiovascular problems among populace. The rise in awareness towards the adverse effects of polluted air on health has propelled the growth of air quality monitoring market. In addition, the supportive government regulations pertaining to monitoring and control of air pollution and increase in public‐private partnership for air quality monitoring have supplemented the demand for air quality devices. However, the high prices and technical complexities of air quality monitors restricts the market growth.
Top Impacting Factors
The significant impacting factors for the global air quality monitoring market include stringent government regulations, rise in air pollution level, increase in public‐private partnership for air pollution monitoring, high costs of air quality monitors.
Top impacting factors for air quality monitoring market
Stringent government regulations: Air quality monitoring market is largely affected by the stringent emission regulations. Government in their respective regions formulated different regulation to curb the level of air pollution originated from industrial areas. Thus, oil & gas and power generation plants have to comply with such regulations with deployment of air quality monitors to control and monitor the level of pollutants. Developing countries have also taken initiatives to monitor the level of air pollutants. Therefore, the government regulations are projected to foster the demand of air quality monitors globally.
Rise in level of air pollution: Growth in industrialization worldwide has led to increase in the level of air pollution with addition of contaminants such as sulfur dioxide, carbon monoxide, carbon dioxide, and particulate matter. Improving economic condition in developing nations has increased the pace of industrialization in recent past, resulting in rise in the air pollution levels. Thus, the demand for air quality monitoring devices has increased to control and monitor the level of air pollution in the surrounding environment.
High cost restricts the growth of air quality monitors market: Air quality monitors find demand across residential, commercial, and industrial premises. Government has formulated regulations pertaining to deployment of air quality monitors in the industrial premises. Commercial and residential customers have also started installing such devices to monitor the level of air pollutants in the environment. However, high costs of air quality monitors have restricted the growth of the market. Ongoing technological advancement is expected to help decline the prices of air quality monitors during the forecast period.
World air quality monitors market is segmented based on product type, pollutant type, end user, and geography. Based on product type, the market is segmented into indoor and outdoor air quality monitors. Air quality monitors are used to detect the level of chemical, biological, or physical pollutants in the environment. Based on end user, the market is segmented into oil & gas, power generation plants, government agencies & academic institutes, and others comprising of food & beverages and pharmaceutical industries, chemical companies. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
Indoor air quality is a growing concern in recent past. According to the U.S. Environmental Protection Agency study, a normal human being spends on an average more than 90% of the time indoors. Thus, home or building owners, facility personnel, industrial hygienists, and others install such air quality monitors for comfortable and healthy indoor environment. Technological advancement and growth in penetration of smart home concept have mainly supplemented the growth of indoor air quality monitoring devices worldwide. The technological advancement has facilitated decline of the prices of such devices that were once expensive. Thus, the number of home owners installing the air quality monitors have increased in the recent past.
Key players profiled in the report include Emerson Electric Co, General Electric Company, Siemens AG, Testo AG, 3M Company, Horiba, Ltd., Merck KGaA, Teledyne Technologies Inc., Servomex Group Ltd., and Thermo Fisher Scientific, Inc. Industry players adopt product launch as their primary development strategy with their focus to meet the emerging needs of the customers.
- This report provides an in-depth analysis of the global air quality monitoring market to elucidate the potential investment pockets.
- The current trends and future scenarios are outlined in the report to determine the overall market potential and screen out profitable trends to gain stronger foothold in the market.
- This report provides detailed impact analysis and information on key drivers, restraints, and opportunities.
- Quantitative analysis of the current market trends and projected estimations for the period of 2014‐2022 is provided to indicate the financial competency.
- Porter’s Five Forces Model of the industry illustrates the potency of the buyers and suppliers.
- Value chain analysis of the industry provides a clear understanding of the roles of the stakeholders.
Air Quality Monitoring Market Segmentation
Market by Product Type
- Indoor air quality monitors
- Outdoor air quality monitors
Market by Pollutant Type
Market by End User
- Oil & Gas
- Power generation plants
- Government agencies & academic institutes
- Commercial & residential users
Market by Geography
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
- Emerson Electric Co
- General Electric Company
- Siemens AG
- Testo AG
- 3M Company
- Horiba, Ltd.
- Merck KGaA
- Teledyne Technologies Inc.
- Servomex Group Ltd.
- Thermo Fisher Scientific, Inc.
Companies mentioned in the report
Aeroqual Limited, Envirotech Instruments Pvt. Ltd., Matts Monitors Air Monitoring Systems, Ecotech Instruments,ams AG, Munro Instruments, Matts Monitors Air Monitoring Systems, Bacharach, Inc., Vacker, Parsitek, E Instruments International, LLC, Met One Instruments, Inc., Dylos Corporation, Ecotech Pty Ltd., Prima Equipment, and AQMesh Inc.