Global Air Quality Monitoring Equipment Market: Snapshot
The rising levels of air pollution have emerged as a matter of serious concern across the world. Coupled with the increasing enforcement of stringent government regulations, this factor is reflecting positively on the demand for air quality monitoring equipment, globally.
According to Transparency Market Research (TMR), the global market for air quality monitoring equipment stood at US$4.2 bn in 2015. Expanding at a CAGR of 9.10% between 2016 and 2024, the market is likely to cross US$8.9 bn mark by the end of 2024.
Gas Analyzers and Detectors to Remain Leading Product Segments due to Continued Demand
Air pollution sampler, particle counter, gas analyzers and detectors, anemometers, and electrostatic precipitators (ESP) and nitrogen oxides (NOX) control systems are the main products available in the global market for air quality monitoring equipment.
Gas analyzers have been the most valued products in this market are likely to remain so over the period of forecast. However, the NOX and ESP control systems are projected to offer the most lucrative growth opportunities to manufacturers due to their widespread application in a number of industries.
Ongoing Expansion in Power Generation Sector to Ensure Dominance of North America
Asia Pacific, North America, Europe, and the Rest of the World, including South America, the Middle East, and Africa, are the predominant geographical segments in the global market for air quality monitoring equipment. With the implementation of a number of government regulations to control air pollution, North America has acquired the leading position in the overall market. The ongoing expansion in the power generation sector is also adding significantly to the growth of the market for air quality monitoring equipment in North America.
Analysts expect this regional market to continue to lead during the forecast period, thanks to the technological advancements in North America. The growing prevalence of respiratory disorders is also projected to influence the demand for air quality monitoring equipment in this region over the next few years.
In terms of revenue, the North America air quality monitoring equipment market is closely followed by the European market. The rising count of strict regulations to maintain air quality standard in the U.K. and Germany has been driving this market substantially. Moreover, the rise in the chemicals and the power generation sectors is likely to fuel the demand for air quality monitoring equipment to a great extent in the coming years.
Rise in Oil and Gas Sector to Boost Air Quality Monitoring Equipment Market in APAC and RoW
Similarly, Asia Pacific and the Rest of the World is also expected to witness a rising adoption of these systems in the near future. China, Japan, and India are likely to be the leading domestic markets in Asia Pacific. The expansion of the chemicals and the oil and gas sectors in these countries is projected to emerge as the key driving force behind the growth of the Asia Pacific market for air quality monitoring equipment in the years to come. The markets in the Rest of the World is likely to be impacted by the swift rise in the oil and gas and the power generation sectors over the next few years.
Aeroqual, Vaisala, Horiba Ltd., Servomex, Teledyne Technologies Inc., Thermo Fisher Scientific Inc., CEM Corp., Fortive Corp., Siemens AG, and Kusam – Meco are the leading manufacturers of air quality monitoring equipment across the world.
Air Quality Monitoring Equipment Market: Overview
This report provides strategic and in-depth analysis of the global air quality monitoring equipment market, and the growth forecast for the period 2016 to 2024. The scope of this report includes analysis of different segments within market that are differentiated as per type, end user and geography of the global air quality monitoring equipment market.
It also provides assessment of different factors that is impacting the global market, classified as market drivers, restraints, as well as opportunities in the report. All these factors determine the different trends impacting the overall market growth. Moreover, after taking into consideration all this factors, a comprehensive analysis of the global air quality monitoring equipment market along with the growth estimation for the forecast period is also provided within the report. Different market trends analysis and market opportunity map analyzed in this report discusses the upcoming trends. In addition to this, the scope of this report also focuses on the future growth of various air quality monitoring equipment.
Air Quality Monitoring Equipment Market: Segmentation
Air quality monitoring equipment devices are segmented into different types such as air pollution sampler, anemometers, gas analyzers and detectors, and particle counter among others. These different types of air quality monitoring equipment devices include both simple and complex types depending on the applications. Demand for air quality monitoring equipment devices is increasing as a result of rise in air pollution and subsequent activities to monitor level of air pollution.
Globally the alarming growth of air pollution has led to an increase in the usage of air quality monitoring equipment to curb different diseases. With the rise in illness as a result of air pollution, different government agencies worldwide have come up with stringent policies and regulations to curb various ill effects. This has been another major factor contributing to the growing demand of air quality monitoring equipment market globally. The global air quality monitoring equipment market has been further segmented into end users. Different end users that are segmented under this report includes power generation, oil & gas, medical, construction, chemical and others
All these segments are provided with market size along with the forecast from 2016-2024, highlighting the different trends that may act as influencing factors covered under the scope of this report. The region wise market analysis also provides the in-depth analysis of various trends occurring in different regions that is also covered under the scope of report. The different regions included in the scope of this report includes North America, Europe, Asia Pacific and Rest of the World.
Air Quality Monitoring Equipment Market: Competitive Analysis
For better decision making purpose, the competitive analysis as well as profiling of top players that are present in this market is included within the scope of our report. Other than this, the respective market share, recent developments as well as different business strategies that are adopted by the leading players are also included within this report. Additionally, the Porter’s five forces analysis gives a better understanding of competition level in this market. Top companies present in the global air quality monitoring equipment market has been included in the report.
Some of the leading players in the global air quality monitoring equipment market are Kusam - Meco (India), Siemens AG (Germany), Fortive Corporation (U.S.), CEM Corporation (U.S.), Thermo Fisher Scientific Inc. (U.S.), Teledyne Technologies Inc. (U.S.), Servomex (UK), Horiba Ltd. (Japan), Vaisala (Finland), and Aeroqual (New Zealand) among others.
The global air quality monitoring equipment market has been segmented as follows:
- Air Pollution Sampler
- Gas Analyzers and Detectors
- Particle Counter
By End User
- Power Generation
- Oil & Gas
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Rest of the World
- Middle East
- South America