Air Quality Monitoring Equipment Market
Air Quality Monitoring Equipment Market (Type - Air Pollution Sampler, Anemometers, Gas Analyzers and Detectors, Particle Counter; End user - Power Generation, Oil and Gas, Medical, Construction, Chemical) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
Press Release :
According to a new market report published by Transparency Market Research titled “Air Quality Monitoring Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the air quality monitoring equipment market is expected to reach US$ 7,668.0 Mn by 2026. The market is projected to expand at a CAGR of 8.41% during the forecast period from 2018 to 2026. According to the report, the air quality monitoring equipment market will continue to be influenced by the dramatic rise in air pollution levels across the globe especially in emerging economies such as China and India. Europe is projected to be at the forefront of global demand, with the market in the region growing at a CAGR of above 6.8% through 2026.
Gas analyzers and detectors to be the fastest growing segment throughout the forecast period
The air quality monitoring equipment market is segmented by type into air pollution sampler, anemometers, gas analyzers and detectors, particle counter, and others. The gas analyzers and detectors segment had major revenue share in 2017 because of its widespread adoption for indoor as well as outdoor air quality monitoring by various end-users. The gas analyzers and detectors segment is anticipated to expand at a significant CAGR of 8.84% throughout the forecast period.
Chemical segment to witness healthy growth during the forecast period
In terms of end-user, the air quality monitoring equipment market is segmented into power generation, oil and gas, medical, construction, chemical, and others.The chemical segment is expected to be the fastest growing segment throughout the forecast period. This fast pace of growth can be attributed to the increasing demand from the chemical industry for the monitoring of ambient air quality. The chemical segment is expected to expand at a healthy CAGR of 9.57% over the forecast period.
Europe expected to continue to hold significant share in the overall market
Europe is expected to hold highest market share in the air quality monitoring equipment market during the forecast period. This is mainly due to the increasing demand for air quality monitoring equipment in the wake of rising air pollution and its adverse effects on human health.
Air quality monitoring equipment is gaining popularity across the Asia Pacific region, especially across economies such as China and India. This growth can be attributed to the dramatic rise in air pollutant levels which is leading to hazardous health effects. In the wake of such degrading air quality, the governments of the countries are ensuring that the guidelines formed to curb pollution are implemented correctly. For instance, in July 2018, the Maharashtra Pollution Control Board (MPCB) in India, conducted daily tests in various cities for long term assessment of air pollutant levels by measuring the quantity and type of air pollutants in the surrounding outdoor air.
Furthermore, the market in Middle East & Africa region is witnessing steady growth due to the growing concerns arising out of air pollution as well as government norms and regulations to curb air pollution. This represents significant growth opportunities for air quality monitoring equipment which would experience a spike in demand for their deployment in the industrial as well as residential sectors.
Aeroqual, Ecotech, Vaisala, Teledyne Technologies Incorporated, Thermo Fisher Scientific, Inc., TSI Inc., Horiba Ltd., CEM Corporation, Siemens AG, and Kaiterra, among others are the key players of this market. Details such as financials, business strategies, recent developments, product implementation expertise, key contracts, certified professionals, air quality monitoring systems offerings, and other such strategic information pertaining to these players have been duly provided as part of company profiling.
Air Quality Monitoring Equipment Market - Overview
The “Air Quality Monitoring Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026” report provides analysis of the air quality monitoring equipment market for the period 2016–2026, wherein the years from 2018 to 2026 is the forecast period and 2017 is considered as the base year. Data for 2016 has been included as historical information. The report covers all the trends and technologies playing a major role in the growth of the air quality monitoring equipment market over the forecast period. It highlights the drivers, restraints, and opportunities expected to influence the market growth during this period. The study provides a holistic perspective on the market’s growth in terms of revenue (in US$ Mn) across different geographical regions, namely North America, Europe, Asia Pacific, Middle East & Africa, and South America. The report highlights the key trends affecting the market on a global scale. Furthermore, region wise prominent countries/regions covered in the report includes the U.S, Canada, Germany, France, U.K, India, China, Japan, GCC countries, South Africa, and Brazil.
The report comprises a detailed ecosystem analysis which provides a comprehensive view of the global air quality monitoring equipment market. Porter’s Five Forces model has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
Global Air Quality Monitoring Equipment Market: Taxonomy
This research study on the global air quality monitoring equipment market provides a detailed cross segment and cross country analysis based on the different segments which includes type and end-user. Based on type, the market has been segmented into air pollution sampler, anemometers, gas analyzers and detectors, particle counter, and others. By 2026, the gas analyzer and detectors segment is expected to expand at a rapid rate throughout the forecast period. Based on end-user, the air quality monitoring equipment market can be segmented into power generation, oil and gas, medical, construction, chemical, and others.
Global Air Quality Monitoring Equipment Market: Research Methodology
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, national government documents, statistical databases, and market reports, Factiva, etc.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with end-use participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on the market size, market trends, growth trends, competitive landscape, and outlook, etc. These help us to validate and strengthen secondary research findings. These also help to develop the analysis team’s market expertise and understanding.
Global Air Quality Monitoring Equipment Market: Competitive Dynamics
The report covers well-established players including Aeroqual, Ecotech, Vaisala, Teledyne Technologies Incorporated, Thermo Fisher Scientific, Inc., TSI Inc., Horiba Ltd., CEM Corporation, Siemens AG, and Kaiterra. These established players are engaged in the development and introduction of innovative air quality monitoring equipment for end-users in the market. For instance in February 2017, Aeroqual, a prominent provider of air quality monitoring systems, introduced a compact air quality monitoring station AQS 1. The AQS 1 is designed for long term fixed air quality monitoring and is fully weather proof. Furthermore, the product has an in-built data communication system and can be calibrated in the field. Furthermore, companies are forming strategic partnerships in order to capture higher market share.
The air quality monitoring equipment market has been segmented as below: