Press release
Air Quality Sensor Market Players to See Huge Investment Opportunities- Thermo Fisher Scientific, Emerson Electric, Siemens AG, Teledyne Technologies,3M Company, Honeywell International Inc, HORIBA, Ltd., TSI Inc, Tisch Environmental, Testo
Air Quality Sensor Market
Previously, air quality sensors were extremely expensive, but because of technology developments such as improvement in computational and visualization skills, they are becoming quite affordable and widely available for its customers. These sensors can be used for a variety of applications such as to measure the air quality, helping industries to detect presence of toxins in emitted smoke, and assist in bringing attention to environmental hazards that aren't visible to the human eye.
The solutions used for air quality monitoring sensors are becoming not only more reliable but also faster at measuring by using the latest and most modern technologies. All these factors are expected to drive the overall air quality sensor market growth.
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The major companies profiled in the air quality sensor market include Thermo Fisher Scientific, Emerson Electric, Siemens AG, Teledyne Technologies,3M Company, Honeywell International Inc, HORIBA, Ltd., TSI Incorporated, Tisch Environmental, Testo. The players have adopted various strategies including new product launches, collaborations, partnerships, mergers & acquisitions, joint ventures, agreements, and others to gain a stronghold and international presence across the world.
The air quality sensor market share is segmented based on type, sampling, application, industry vertical, and region. Based on type, the market is bifurcated into signal-gas monitoring sensor and multi-gas monitoring sensor. By sampling, it is categorized into continuous, manual, and intermittent. Based on application, it is classified into gas detection, particulate matter monitoring, outdoor air quality monitoring, indoor air quality monitoring and others.
Based on industry vertical, it is divided into residential, commercial, government agencies, power plants, and others. Based on region, the market is analyzed across North America - Canada, Mexico, and U.S., Europe - UK, Germany, France, and rest of Europe, Asia-Pacific - China, India, Japan, South Korea, and rest of Asia-Pacific, LAMEA - Africa, Latin America, and Middle East.
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Top Impacting Factors
The key factor driving the air quality sensor market share globally is the rise in airborne infections and deaths as its result. Rapid urbanization, as well as economic and population expansion has led to a rise in industrial activity, automobile usage, and energy consumption in cities all over the world, resulting in widespread urban air pollution.
Environmental pollution has become a global concern, and state and municipal governments at all levels are paying more attention to environmental management in their territories, as well as increasing investment in pollution management and emergency service. These factors provides lucrative air quality sensor market opportunity globally. The high cost of the product and its high maintenance are the primary restraints in the global air quality sensor market size.
Market Trends
New Product Launches to Flourish the Market
According to air quality sensor market forecast, Honeywell International Inc., a market leader in the field of electronics, launched Electronic Air Cleaners (EACs) with a new range of indoor air quality (IAQ) sensors in Nov 2020 to assist, enhance, and measure indoor air quality of commercial buildings. Honeywell EACs with UV help eliminate contaminants from the air while also providing filtration and disinfection without obstructing airflow.
Rise in Number of Government Schemes and Industrial Sectors
According to air quality sensor market analysis, the rise in air pollution and global industrialization has resulted in an increase in air pollution, as well as the addition of toxins such as particulate matter. As a result of these pollutants, governments in a number of nations have enacted strict rules in their individual regions and established various policies to reduce air pollution from industrial locations. Similarly, governments of various nations such as the U.S., India, and New Zealand have mandated the businesses such as automotive, oil & gas, and power production plants to comply with such restrictions by installing particulate matter sensors to manage and monitor pollution levels.
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Key Benefits of the Report
• This study presents the analytical depiction of the air quality sensor industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the air quality sensor market share.
• The current market is quantitatively analyzed to highlight the air quality sensor market growth scenario.
• Porter's five forces analysis illustrates the potency of buyers and suppliers in the market.
• The report provides a detailed air quality sensor market analysis based on competitive intensity and how the competition will take shape in coming years
Questions answered in the Research Report
• Which are the leading market players active in the air quality sensor market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future would help in taking further strategic steps?
• Upcoming report specific FAQs examples:
• What is air quality sensor?
• What does an air quality sensor allow organizations to achieve?
• Which technologies combine to make air quality sensor a critical organizational asset?
• What are the key benefits of the air quality sensor market report?
• Which niches should companies associated with recent improvements establish a presence in?
Air Quality Sensor Market Report Highlights
By Type
• Signal-gas Monitoring Sensor
• Multi-gas Monitoring Sensor
By Industry Vertical
• Residential
• Commercial
• Government Agencies
• Power Plants
• Others
By Region
• North America (U.S., Canada, Mexico)
• Europe (France, Germany, Italy, UK, Rest of Europe)
• Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)
• LAMEA (Saudi Arabia, Argentina, Rest of LAMEA)
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