Press release
Air Quality Monitoring Equipment Market to Expand at a CAGR of 5% by end-2031
Monitoring the air quality has become an essential component for the government bodies of numerous countries for making changes in the structure of the initiatives taken by them in terms of reducing pollution levels.View Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=17072
Air pollution is damaging the health of many individuals and the statistics can unfold the intensity of the damage. According to the World Health Organization (WHO), 9 out of 10 people breathe polluted air across the globe. The WHO further estimates that nearly 7 mn people die due to exposure to polluted air every year. These statistics highlight the rising need for air quality monitoring. Based on all these factors, the air quality monitoring equipment market will observe a positive growth trajectory across the assessment period of 2021-2031.
Air quality monitoring is a long-term and systematic assessment of pollution levels. The quality is measured through the means of different quantities. The equipment used for air quality monitoring is a device used for measuring various types of pollutants along with weather parameters. Robust air monitoring helps in preventing extreme events and also alerts people for getting ready to tackle such events. Therefore, all these advantages bode well for the growth of the air quality monitoring equipment market.
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The experts at Transparency Market Research (TMR) have analyzed the various factors associated with the growth of the air quality monitoring equipment market and have projected the market to expand at a CAGR of ~5 percent during the forecast period of 2021-2031. The global air quality monitoring equipment market is extrapolated to surpass US$ 4.7 bn in 2031, the end year of the forecast period.
The rapid industrialization and globalization around the world have resulted in an increase in pollution levels to a great extent. This factor has influenced the growth of the air quality monitoring equipment market considerably. The emergence of megacities like Shanghai has further led to a rise in the urbanization levels, which will influence the growth opportunities across the air quality monitoring equipment market to a substantial extent.
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Key Findings of the Report
Integration of Latest Technologies with Air Quality Monitoring Equipment to Sow the Seeds of Growth
Modernization of the air quality monitoring equipment market will help in turning the tables of growth during the tenure of 2021-2031. Technologies like the Internet-of-Things (IoT), robotics, and others are helping in improving the features of air quality monitoring equipment and providing accurate data. Smart technologies are rapidly transforming the growth landscape of the air quality monitoring equipment market.
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The utilization of smart air quality monitoring equipment for real-time monitoring of the pollutants present in the air will help the government bodies to take certain measures for reducing the intensity. These aspects are helping in increasing the growth rate of the air quality monitoring equipment market.
Government Initiatives supporting reducing of Air Pollution Levels will invite Profitable Growth
Numerous countries are intensifying their fight against the rising pollution levels through various initiatives. The Indian Government has launched a string of initiatives for tackling pollution levels including the installation of sensors that will provide accurate data on air pollution levels. The Czech Republic has also announced an initiative that will install carbon dioxide monitoring equipment inside street lights in Prague. Such developments will bring immense growth opportunities for the air quality monitoring equipment market.
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Transparency Market Research is a Global Market Research Report company providing business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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