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Air Quality Monitoring System Market - Global Industry Segmentation & Future Forecasts
The global air quality monitoring systems market is projected to register a CAGR of 4.6% from 2017 to 2022.
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.
The global air quality monitoring system market is segmented by product, sampling method, pollutant, end user, and region.
Based on product, the air quality monitoring system market is segmented into indoor monitors (comprising fixed and portable monitors), outdoor monitors (comprising fixed, portable, dust, particulate monitors as well as AQM stations), and wearable monitors. The outdoor monitors segment is expected to witness the highest growth rate during the forecast period. This is attributed to the rising industrial use of ambient air pollution monitoring systems, expansions in the end-user base of fixed outdoor monitors, and ongoing installations of AQM stations across major markets.
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On the basis of the 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.
On the basis of pollutant, the air quality monitoring system market is categorized into three segments—chemical, physical, and biological pollutants. The chemical pollutants segment is projected to grow at the highest CAGR during the forecast period due to stringent regulations for the effective monitoring and control of rising air pollution levels, growing public concerns related to the health implications of air pollution, and ongoing development & commercialization of innovative sensors.
Based on end user, the air quality monitoring system market is categorized into government agencies and academic institutes, commercial and residential users, petrochemical industry, power generation plants, the pharmaceutical industry, smart city authority, and other end users. The commercial and residential users segment is expected to grow at the highest CAGR during the forecast period due to the growing public awareness on indoor air pollution, rising adoption of green building and smart home technologies, and the advent of wearable devices and mobile-based software.
Geographically, North America commanded the largest share of the global air quality monitoring system market in 2017, followed by Europe. However, the APAC market is expected to grow at the highest CAGR from 2017 to 2022. Growth in the APAC market is driven by large-scale industrialization, implementation of stringent regulations, and government support for AQM product development and commercialization.
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The major players operating in the AQMS market include Thermo Fisher Scientific (US), Teledyne Technologies, Inc. (US), Siemens Ltd. (Germany), Emerson Electric Co. (US), and General Electric (US).
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