Press release
Air Quality Monitoring Market Analysis, Trends, Forecast at CAGR of 6.7% up to 2030
Air quality monitoring device measures the amount of unwanted particles in air and harmful gases and contaminants in a given space to evaluate the purity of the air. Air quality can have an impact on the health and well-being of individuals. Sensor-based equipment are commonly used in air quality monitoring that are often employed in industrial applications to test typical airborne contaminants, with parts per billion (ppb) level detection.The global air quality monitoring market size was valued at $4.1billion in 2020, and is projected to reach $8.0 billion by 2030, registering a CAGR of 6.7% from 2021 to 2030.
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Rise in level of air pollution, favorable government legislation for effective air pollution monitoring & management, and focus toward the development of environmental-friendly sectors are driving the air quality monitoring market growth. Moreover, increase in public-private investment for reducing air pollution and rise in public awareness of environmental and health consequences of air pollution contribute toward the market growth. For instance, in April 2021, the United Nations Environment Programme (UNEP) joined with the Republic of Korea's Capital Metropolitan Area to help them increase their efforts to combat air pollution in the region.
Similarly, in September 2019, 3M Company partnered with Clean Air Asia to provide air quality solution based on science for India and the Philippines. Over the next five years, 3M will help Clean Air Asia baseline air quality conditions, design air quality management capacity-building programs, implement Clean Air Action Plans with particular cities and district governments, and monitor the impact on air pollution levels.
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Key market segmentation:
By Product Type
Indoor Monitor
Outdoor Monitor
By POLLUTANT
Chemical
Biological
Physical
By END USER
Government & Academics
Oil & Gas
Power Plants
Commercial & Residential
Others
Major market players:
Emerson Electric Co., General Electric Company, Siemens AG, Testo AG, 3M Company, Horiba, Ltd., Merck KGaA, Teledyne Technologies Inc., Servomex Group Ltd., and Thermo Fisher Scientific, Inc.
The competitive analysis of these organizations covers a detailed study of business overview and portfolio analysis of their services and products. These companies have adopted multiple strategies such as new product launches, partnerships, joint ventures, collaboration, and mergers & acquisitions to maintain a market position. Its study will certainly help stakeholders understand the market.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, DE. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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