Air Quality Monitoring Systems Market is Projected to Increase at a CAGR of 6.5% to Hit a Revenue of USD 5.9 Billion by 2026 - Leading Key Players are Thermo Fisher Scientific (US), 3M (US), Siemens (Germany), Teledyne Technologies (US), General Electric
Kay Market Players:
The growth of this market is majorly driven by factors such as rising levels of air pollution, supportive government regulations for effective air pollution monitoring and control, and ongoing initiatives toward the development of environment-friendly industries. Adding to this, increasing public-private funding for effective air pollution monitoring, and the increasing public awareness related to the environmental and healthcare implications of air pollution also supports the growth of this market.
The stack monitoring segment is expected to register the highest growth in the forecast period
The global air quality monitoring systems market is segmented on the basis of sampling method into active/continuous, intermittent, passive, manual, and stack monitoring.
The active/continuous monitoring segment commanded the largest share of the global air quality monitoring systems market in 2020, whereas the stack monitoring segment is projected to grow at the highest CAGR during the forecast period. Stack monitoring is the continuous measurement of air pollutants (such as gas or particulate matter) from industrial facilities. It is used to monitor air quality around waste incinerators, cement plants, and other industrial sources that need to comply with emission standards for hazardous air pollutants (HAPs) and volatile organic compounds (VOCs). Stack monitoring is undertaken annually, continuously, or for a 24-hour period, depending on the emission levels of industrial facilities as well as the regulations enforced on them. The low operational cost of stack monitoring, increasing government emphasis on regulatory compliance for industrial pollution monitoring, and the rising emphasis on pollution monitoring & control are factors expected to support the growth of this market
The fixed indoor monitors subsegment of indoor monitors holds the largest market share in 2020
Based on type of products, the global air quality monitoring systems market is segmented into indoor monitors, outdoor monitors, and wearables.
The indoor air quality monitors market is further segmented into fixed monitors and portable monitors.
The fixed indoor monitors is expected to account for the largest share of the indoor monitors market in 2020, primarily due to the growing need to maintain controlled indoor environment and monitor the level of atmospheric gases and air pollutants inside facilities like manufacturing units, laboratories, and storage area, among others, particularly in industries like pharmaceutical industries, biotechnology and microbiology industries, food and beverages industries, cosmetic industries, etc. Furthermore, the development of commercial sites as smart buildings is a rising trend. These smart buildings can communicate and connect with technologically advanced devices for better monitoring of air quality. This is another major factor driving the growth of the fixed indoor monitors market.
The chemical pollutant segment, by pollutant, is expected to register the market share of the global air quality monitoring systems market in 2020
Based on pollutants, the global air quality monitoring systems market is segmented into chemical pollutants, physical pollutants, and biological pollutants. The chemical pollutants segment accounted for the largest share of the global air quality monitoring systems market in 2020. This segment is projected to reach USD 4.43 billion in 2026. Market growth is mainly attributed to the rising levels of chemical air pollutants globally. In addition, the implementation of and the need to comply with stringent pollution monitoring and control regulations, growing public awareness, and the development and commercialization of innovative sensors are supporting the growth of this market segment.
Government agencies and academic institutes were the key end-users in the air quality monitoring systems market
Based on end user, the air quality monitoring systems market is segmented into government agencies and academic institutes, commercial and residential users, petrochemical industry, power generation plants, pharmaceutical industry, smart city authorities, and other end users.
Government agencies and academic institutes commanded the largest share of the global air quality monitoring systems market in 2020. The demand of air quality monitoring devices among government agencies and academic institutions is driven by active government initiatives for effective air quality monitoring, increased number of research collaborations, and increased installation of AQM stations worldwide.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=183784537&utm_source=OPenpr&utm_medium=referral
Asia Pacific is expected to see the highest growth in the air quality monitoring systems market by region
The global air quality monitoring systems market is segmented into five major regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. North America is the largest regional market for air quality monitoring products, whereas the Asia Pacific market is estimated to grow at the highest CAGR during the forecast period.
Countries in this market are witnessing growth in their GDPs and a significant rise in disposable income among the middle-class population. These developments have led to increased government spending by various regional governments, modernization of industrial and public infrastructures, and rising penetration of cutting-edge environmental monitoring technologies (especially in rural areas).
The APAC is among the major contributors to air pollution on a global scale and also has a large patient population due to growing pollution levels. The APAC region has manufacturing hubs for various industrial products such as chemical products, petrochemical processing, and metals & mining, among others. Thus, this region is experiencing increasing demand for air quality sensors and monitors that are mainly driven by large-scale industrialization, implementation of stringent air pollution regulations across major Asian countries, and continuous government support for the development and commercialization of advanced products.
Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=183784537&utm_source=OPenpr&utm_medium=referral
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Air Quality Monitoring Systems Market is Projected to Increase at a CAGR of 6.5% to Hit a Revenue of USD 5.9 Billion by 2026 - Leading Key Players are Thermo Fisher Scientific (US), 3M (US), Siemens (Germany), Teledyne Technologies (US), General Electric here
News-ID: 2817003 • Views: 277
More Releases from MarketsandMakets
Synthetic Biology Market: Current Trends and Future Opportunities Leading Key Pl …
According to the new market research report "Synthetic Biology Market by Tools (Oligonucleotides, Enzymes, Synthetic Cells), Technology (Gene Synthesis, Genome Engineering), Application(Tissue Regeneration, Biofuel, Consumer Care, Food & Agriculture, Environmental) and Region - Global Forecast to 2026. Download This Full Research Report, Click Here @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=889&utm_source=OPenpr&utm_medium=referral&utm_campaign=paidpr Synthetic biology is one of the most promising fields in the biotechnology industry. It involves the use of engineering principles to design, construct, and
Fetal Monitoring Market worth $5.2 billion by 2027 - Leading Key Players are Car …
Fetal Monitoring Market size is projected to reach USD 5.2 billion by 2027 from USD 3.7 billion in 2022, at a CAGR of 7.3% according to a new report by MarketsandMarkets™. The reimbursement for fetal monitoring, insurance policies for fetal monitoring services, and the more number of obstetrics and gynaecology centres are the major factors driving the growth of this market. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=35700261&utm_source=OPenpr&utm_medium=referral&utm_campaign=paidpr Browse in-depth TOC on "Fetal Monitoring Market" 221
Compression Therapy Market worth $4.9 billion by 2027 - Leading Key Players are …
Compression Therapy Market size is expected to reach USD 4.9 billion by 2027 from an estimated USD 3.7 billion in 2022, at a CAGR of 5.5% from 2022 to 2027 according to a new report by MarketsandMarkets™. Factors such as growing number patients suffering with deep vein thrombosis, varicose veins, and lymphedema, an increasing number of orthopedic surgeries, rising incidence sports injuries and accidents and the availability of clinical evidence
More Releases for MarketsandMarkets
Automotive Engineering Services Market | MarketsandMarkets
Automotive engineering services deal with the design and development of automotive components and related technologies to address complex technical challenges in the vehicle development value chain. The engineering service process starts with conceptualization, designing, prototyping, system integration, and testing. Automotive engineering services include vehicle connectivity services, ADAS (advanced driver-assistance systems) and safety systems, interior & exterior design and body engineering services, passenger comfort, and others. These services assess different areas
Automotive Cybersecurity Market Trends & Insights | MarketsandMarkets
According to the new market research report "Automotive Cybersecurity Market by Form (In-Vehicle, External Cloud Services), Offering (Hardware & Software), Security, Application Type, Vehicle Type, Propulsion, Vehicle Autonomy, Approach, EV Application, and Region - Global Forecast to 2026", Published by MarketsandMarkets™, The global Automotive Cybersecurity Market size is projected to grow from USD 2.0 billion in 2021 to USD 5.3 billion by 2026, at a CAGR of 21.3%. Increasing sales
Global Brake Friction Products Market | MarketsandMarkets
According to the new market research report "Brake Friction Products Market (OE & Aftermarket) by Type (Brake Disc, Pad, Drum, Shoe, Liner), Disc Type (Metallic, Composite, Ceramic), Liner Type (Molded, Woven), Vehicle Type (ICE, Electric, PHEV, OHV), and Region - Global Forecast to 2026", published by MarketsandMarkets™, The Brake Friction Products Market is projected to reach USD 13.3 billion by 2026 from USD 10.8 billion in 2021, at a CAGR
Global Electric Commercial Vehicle Market | MarketsandMarkets
The Global Electric Commercial Vehicle Market size is projected to reach 2,026 thousand units by 2028 from a projected 129 thousand units in 2020, at a CAGR of 41.1%. The electric commercial vehicle segment has witnessed rapid evolution with governments across the world promoting electrification of public transport fleets and with the increasing demand for zero-emission vehicles in the eCommerce and logistics sector. Advancements in battery pack technologies and electric powertrains
Global Automotive Glass Market | MarketsandMarkets
The Automotive Glass Market is projected to grow at a CAGR of 4.80%, to reach a market size of $23.59 billion by 2025. The global market is driven by increasing vehicle production (especially in the SUV segment), upcoming smart glass & device embedded glass technologies, and increasing glass applications to improve the aesthetics of the car. The key players in the automotive glass market are Saint-Gobain (France), Asahi Glass (Japan), Fuyao
Automotive Logistics Market | MarketsandMarkets
The Automotive Logistics Market is estimated to be $284.1 billion in 2018 and is projected to reach $472.9 billion by 2025, at a CAGR of 7.55%. Increasing vehicle production, upcoming infrastructure projects, and the advent of electric vehicles are the major reasons for market growth. The automotive logistics market is consolidated and dominated by a few global players. The key players in the market are DHL (Germany), XPO (US), SNCF (France),