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Air Quality Monitoring Market Expecting an Outstanding Growth Till 2022
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North America accounted for the largest share in the global market in 2015, owing to the technological advancements and high public private funding for air pollution control and rapid adoption of these devices by key end users in the region. The U.S. contributed largest revenue to the North American as well as global air quality monitoring market. The country is expected to remain the largest market for air quality monitoring devices globally. The supporting government regulation is the key driving factor of the U.S. air quality monitoring devices.
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Among the different end users, the largest revenue was generated from the sales of air quality monitoring devices for government agencies and academic institutes in 2015. The global air quality monitoring market for government agencies and academic institutes was valued at $1,219.1 million in 2015 and it is expected to grow at a CAGR of 9.0% during 2016 – 2022. During the period 2012 – 2015, the air quality monitoring was used mostly for monitoring the chemical pollutants.
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Some of the players operating in the global market include Thermo Fisher Scientific Inc., Merck KGaA, Teledyne Technologies Incorporated, HORIBA, Ltd., Emerson Electric Co., General Electric Company, TSI Incorporated, 3M Company, and Siemens AG.
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