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What's driving the APAC Air Quality Monitoring Market Growth? | Key Players are HORIBA, 3M, Siemens, Ecotech Group, Aeroqual Ltd, TSI Incorporated, Thermo Fisher Scientific
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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.
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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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.
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Some of the key players operating in the APAC air quality monitoring industry:
1- HORIBA
2- 3M
3- Siemens
4- Ecotech Group
5- Aeroqual Ltd
6- TSI Incorporated
7- Thermo Fisher Scientific
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