Press release
APAC Air Quality Monitoring Market 2023 by Key Players - HORIBA, Siemens, Ecotech Group, Envirotech Instruments Private Limited, Aeroqual Ltd
Browse report sample at: https://www.psmarketresearch.com/market-analysis/asia-pacific-air-quality-monitoring-market/report-sample
*Key players are embracing acquisitions and partnerships to increase their market share
In order to increase their market share, key players in the APAC air quality monitoring industry are acquiring air quality monitoring business from other competitive manufacturers for the development of cost-effective and at-home therapy products.
For instance, in February 2018, TSI Incorporated acquired certain 3M Personal Safety Division offerings, primarily focused on noise, environmental, and heat stress monitoring. TSI also acquired 3M's Oconomowoc, Wisconsin facility, where these products are manufactured. These products, which include noise indicators, noise dosimeters, sound level meters, heat stress monitors, and indoor air quality monitors, are a natural fit with TSI’s Health and Safety Product line that already includes industry leading PortaCount Fit Testers and DustTrak Monitors.
In December 2017, Thermo Fisher Scientific Inc. completed the acquisition of certain assets of EPTEK Technology Co. LTD and several related entities based in Taiwan and mainland China. The assets acquired included volatile organic compound (VOC) continuous emission monitoring systems (CEMS), used to measure and analyze air quality across a range of industrial applications; terms of the transaction, were however, not disclosed.
Some of the other key players (than those mentioned above) operating in the APAC air quality monitoring industry are HORIBA Ltd. 3M Company, Siemens AG, ECOTECH GROUP, Envirotech Instruments Pvt. Ltd., Autotronic Enterprise Co. Ltd. and Aeroqual Limited.
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*Insights into market segments
Indoor air quality monitors held the larger share in the air quality monitoring market in APAC, accounting for 71.1% in 2017. It is expected to register significant growth in the market, with 9.3% CAGR during the forecast period.
Among all pollutants, chemical pollutant monitoring is expected to continue holding the largest share in air quality monitoring market in APAC in the coming years.
Browse report at: https://www.psmarketresearch.com/market-analysis/asia-pacific-air-quality-monitoring-market
Among the various sampling methods, the market for continuous and intermittent methods is expected to project notable growth during the forecast period in the APAC air quality monitoring market, with the former exhibiting a CAGR of 10.9% during the forecast period. This is attributed to the high degree of measurement precision, as well as the ease of operation with minimal operator intervention required.
Government agencies and academic institutes held the largest share as an end-user category in the air quality monitoring market of APAC, while the commercial and residential sectors end-user category is forecasted to witness a CAGR of 11.0% during the forecast period.
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