Air Quality Monitoring System Market | Ongoing Trends and Recent Developments | Major Key Players like Thermo Fisher Scientific (US), Teledyne Technologies, Inc. (US), Siemens Ltd. (Germany), Emerson Electric Co. (US), and General Electric (US)

Expected Revenue Growth in the Global Industry:

The global air quality monitoring system (AQMS) market is projected to reach USD 4.90 Billion by 2022 from USD 3.92 Billion in 2017, at a CAGR of 4.6%.

Factors Responsible for the Global Growth of This Industry:

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 associated with the rising levels of air pollution, initiatives towards the development of environment-friendly industries, and increasing public awareness related to the environmental and healthcare implications of air pollution.

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Key Questions Answered in this Study:

• What are the key growth strategies adopted by major global players to penetrate and maintain their market position across emerging and established regions?
• What is the developmental pipeline for portable/wearable AQM systems?
• Wearable air quality monitors are an emerging trend in air quality assessment. What revenue impact will it have on the overall air quality monitoring system industry during the forecast period?
• What different approaches are currently being used for rare gases/chemical pollutant monitoring worldwide?
• What revenue impact will multi-component/multi-functional AQM systems have on growth potential of the overall air quality monitoring system industry during the forecast period?
• Majority of chemical/analytical laboratories worldwide are focused on workflow automation. What growth potential revenue impact automated analyzers will have on revenue impact?

Key Market Growth Restraints:
• High Product Costs
• Technical Limitations Associated With A Majority of AQM Products

Key Market Opportunities:
• Emerging Markets to Offer High Growth Opportunities
• Technological Advancements in the Field of Air Pollution Monitoring
• Ongoing Expansion of the Petrochemical and Power Generation Industries

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Key Market Challenges:
• Slow Implementation of Air Pollution Control Reforms

Geographical Growth Scenario:

Geographically, the AQMS market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America held the largest share of the market in 2017. Factors such as easy accessibility and fast adoption of advanced technologies among key stakeholders and the presence of stringent government regulations for effective pollution monitoring and control are contributing to the large share of the North American region.

Leading Market Players and Growth Strategies Adopted by Them:

As of 2017, some of the major players operating in this market are 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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Target Audience of this Study:

• Manufacturers and distributors of AQM products
• AQM software developers
• Research laboratories and academic institutes
• Air pollution monitoring committees
• Pharmaceutical and biotechnology companies
• Government and non-government agencies
• National and regional air pollution control boards and organizations
• Petrochemical and biofuel product manufacturing companies
• Metals and mining companies
• Oil and gas production and distribution companies
• Gas operators, distributors, and regulators
• Power generation and power distribution units
• Municipalities and municipal corporations
• Sewage and wastewater treatment plants
• Food and beverages manufacturing companies
• Market research and consulting firms

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This release was published on openPR.