Air Quality Monitoring Market Will Led to Huge Growth and Share in Near Future - Top ey Players are Merck KGaA, HORIBA Ltd, TSI Incorporated, Teledyne Technologies Incorporated, Siemens AG

According to P&S Intelligence, air quality monitoring market size is forecasted to reach $6.5 billion by 2023. The growth is attributed to the increasing level of air pollution and growing awareness about various environmental hazards. Furthermore, health effects of air pollution, and favorable government regulations to monitor air quality, are also accelerating the growth of air quality monitoring market.

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On the basis of product, the air quality monitoring market is categorized into indoor and outdoor air quality monitors. Indoor air quality monitors held a larger share in the market in 2017, accounting for 70.6%. This leading position of the category is attributed to its advantages over outdoor air quality monitor. For instance, indoor air quality monitors can measure several pollutants such as carbon monoxide, aldehydes, particulate matter, and nitrogen oxides. In addition, these monitors have high adoption in pharmaceutical and other industries, that require a controlled environment.

Among the varied sampling methods, continuous sampling method held the largest share in the air quality monitoring market in 2017, with a contribution of 39.0%. The share is expected to increase to 41.0% by 2023. It is a high-resolution method that provides continuous record of contaminant levels. The continuous sampling method has advantages over other methods such as remote communication and high degree of measurement precision. Also, it can operate over extended periods (weeks or months) with minimal operator intervention.

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During the historical period, government agencies and academic institutes constituted the largest end-user category in the air quality monitoring market.

In order to increase their market share, key players of the air quality monitoring industry are entering into partnerships and making acquisitions to offer cost-effective and at-home therapy products. For instance, in April 2018, 3M Company entered into a partnership agreement with Amazon to offer Filtrete Smart Air Filter. The product is integrated with Amazon Dash Replenishment service for the easy reordering of air filters when customers need replacing.

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Some of the other key players operating in the global air quality monitoring market are Merck KGaA, HORIBA Ltd, TSI Incorporated, Teledyne Technologies Incorporated, Siemens AG, Autotronic Enterprise Co. Ltd, Aeroqual Limited and ECOTECH GROUP.

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