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Air Quality Monitoring Market Expected to Witness the Fastest Growth Globally in Upcoming years
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In terms of product type, the AQM market has been segmented into indoor air quality monitor and outdoor air quality monitor. The indoor monitor accounted for the major share in the global market in 2015, whereas the outdoor monitor market is expected to witness the highest growth during 2016 – 2022.
In terms of pollutant type, the AQM market has been segmented into chemical pollutant, biological pollutant and physical pollutant. The chemical pollutant segment accounted for the major share in the global market in 2015, and it is also expected to witness the highest growth during 2016 – 2022.
Urbanization has significantly changed the lifestyle and the environment. According to WHO, more than 50% of the world’s population live in urban areas. It is expected that by 2050, 70% of the world’s population will live in towns and cities. The air pollution level across the globe, espcially in urban areas is increasing due to the rapidly growing construction, increasing number of vehicles, and increasing industrialization. The increasing level of air pollution has significantly threatened the health of an individual, thus creating huge demand for the AQM market.
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Some of the major players operating in the AQM market include Thermo Fisher Scientific Inc., Merck KGaA, Teledyne Technologies Incorporated, HORIBA, Ltd., Emerson Electric Co., General Electric Company, TSI Incorporated, 3M Company, and Siemens AG.
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