Press release
Air Quality Monitoring Market 2020 Size, Demand, Cost Structures, and Future Forecasts to 2022
North America, followed by Europe, dominates the global market due to the implementation of stringent government regulations and growing awareness regarding health issues caused due to air pollution.
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The chemical segment garnered the major share in 2016-
Based on the pollutant, the chemical segment contributed to more than half of the total market share in 2016 and is expected to retain its top status during the study period. The same segment is also predicted to showcase the fastest CAGR of 9.5% through 2016–2022.
Market players offer air quality monitors in two basic categories, namely indoor and outdoor. Indoor air quality monitors segment dominates the global market, owing to increase in prevalence of smart home and green building concepts and growing consumer preference for pollution-free indoor environment. Emerging government regulations and new building standards have increased the deployment of air quality monitors worldwide.
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North America to rule the roost by 2022-
Based on geography, North America held more than one-third of the total market in 2016 and is projected to be dominant during the estimated period. Simultaneously, the Asia-Pacific region would register the fastest CAGR of 10.5% till 2022.
Leading market players-
The key market players analyzed in the global air quality monitoring market report include Emerson Electric Co, Siemens AG, Testo AG, 3M Company, Horiba, Ltd., Thermo Fisher Scientific, Inc., Teledyne Technologies Inc., General Electric Company, Merck KGaA, and Servomex Group Ltd. These market players have incorporated a number of strategies including partnership, expansion, collaboration, joint ventures, and others to heighten their stand in the industry.
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