According to the latest market research study released by Technavio, the global air quality monitor market is expected to grow at a CAGR of almost 8% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global air quality monitor market based on end-user:
Global air quality monitor market share by end-user 2015
|
Government |
41.0% |
|
Commercial and residential |
27.6% |
|
Energy and pharmaceutical |
23.1% |
|
Others |
8.3% |
Source: Technavio
The top three revenue generating end-user segments in the air quality monitor market:
Government sector
In 2015, the government sector accounted for around 41% share of the global air quality monitor market and Technavio expects it to grow at a CAGR of around 8% during the forecast period.
“Governments of various countries are monitoring the air quality by setting standards and estimating the pollution and pollutant data. With the help of monitoring stations, several pollutants are measured, and the data are directly transmitted to a central database. The data are stored in a central data warehouse of the Ministry of Environment to screen them by validation technicians for errors. Once the data is validated, it is used to report to the public and is provided to the scientist or researchers for further analysis,” says Anju Ajaykumar, a lead analyst at technavio for research on engineering tools.
In countries like India, the pollution situation is worsening and has led the government to implement changes in its transport system as it contributes majorly toward air pollution. The government is planning for economically accessible transportation means like metros, trains, buses, and bicycles and investments in smart cities. Moreover, they are planning to install air quality monitoring stations in nine cities in and around the country capital. Similarly, in China, the monitoring stations are predicted to be doubled as smog has increased in Beijing, as it is one of the major polluted cities. Moreover, the government is planning to add 30 new stations to determine the pollution level and reduce pollution levels.
Commercial and residential sector
The growing awareness regarding indoor pollution drives the commercial and residential sector for using air quality monitors. Indoor pollution can affect health and can be caused by short-term exposure or long-term exposure. These health effects include irritation of the nose, eyes, and throat, dizziness, headaches, and fatigue. Long-term exposure might cause heart disease, respiratory diseases, and cancer, compelling many countries to adopt the concept of green buildings to control or eliminate indoor pollution. With the increasing perception of green buildings in both commercial and residential sectors, the indoor pollution can be controlled. People are informed about the consequences of indoor air pollution by government agencies and institutions by monitoring the air quality.
Energy and pharmaceutical sector
The energy segment consists of oil and gas, petrochemicals, and power industries, and pharmaceutical sectors, which must maintain air quality to abide by the standards set by the regulatory bodies. Coal plays a key role in power generation as it is an economical way of producing electricity. The industrial pollution can be reduced by reducing the consumption of pollution products and the treatment of wastes, disposals, and discharges of a pollutant. Many countries, including the European Union countries, Switzerland, Canada, and the US, have efficiently implemented treatment systems that treat wastewater for most chemicals.
The top leading vendors operating in the global air quality monitor market are:
- Aeroqual
- HORIBA
- Teledyne Technologies
- Thermo Fisher Scientific
- TSI
Other prominent vendors in the market include 3M, Honeywell, Siemens, Testo (India), Tisch Environmental, Vaisala, Ecotech, Cerex Monitoring Solutions, Emerson Electric, Servomex, and Merck.
A more detailed analysis is available in the Technavio report titled, ‘Global Air Quality Monitor Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
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