(PharmaNewsWire.Com, August 26, 2019 ) 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.
Portable indoor monitors are personal/mobile-use devices that are generally used by individual professionals or a small group of workers for IAQ monitoring. These devices comprise handheld or lightweight platforms that cover a small study area and are intended for indoor usage only. Portable indoor monitors provide a relatively affordable option to end users as compared with fixed monitors, and offer ease in locating the exact source of pollution.
In 2017, the indoor portable monitors segment accounted for a share of 39.7% of the indoor air quality monitors market, largely due to the increasing adoption of smart home and green building technologies (including effective ventilation, AQM and control, and indoor dust and gas level management) and growing consumer preference for healthy and pollution-free indoor environments. Air Quality Monitoring System Market growth is further aided by the presence of stringent environmental regulations as well as the continuous development and commercialization of innovative technologies in this field.
Government agencies and academic institutes held the largest share of the AQMS market in 2017
On the basis of end user, the air quality monitoring system market is segmented into government agencies and academic institutes, commercial and residential users, petrochemical industry, power generation plants, pharmaceutical industry, smart city authority, and other end users. The government agencies and academic institutes segment accounted for the largest share in 2017. The large share of this segment can be attributed to the presence of stringent environmental regulations, rising government investments for effective AQM, and increased installation of AQM stations worldwide.
The report covers the AQMS market across four key geographies, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW). In 2017, North America dominated the market primarily due to the easy accessibility and fast adoption of advanced technologies among key stakeholders and the presence of stringent government regulations for effective pollution monitoring and control. However, Asia Pacific is expected to register the highest growth rate during the forecast period. Factors driving the growth in the APAC region include the large-scale industrialization in emerging APAC countries, increasing stringency of air pollution regulations, and continuous government support for the development and commercialization of advanced AQM products in this region.
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).
Analysis of the market developments between 2015 and 2018 revealed that several growth strategies such as product launches, enhancements, strategic acquisitions, agreements, partnerships, collaborations, and expansions were adopted by the market players to strengthen their product portfolios and maintain a competitive position in the air quality monitoring systems market. Among these business strategies, product enhancements, agreements, and partnerships were the most widely adopted growth strategies by the players in the air quality monitoring systems market.
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