Report: Air quality monitoring system market to grow
The global air quality monitoring system market (AQMS) is expected to grow at an annual rate of 4.6 percent, reaching a collective value of $4.9 billion by 2022, new research shows.
That’s up from $3.92 billion in 2017, according to "Air Quality Monitoring System Market Product (Indoor, Fixed, Outdoor, Wearable), Sampling (Continuous, Passive, Stack), Pollutant (Gas, VOC, Particulate Matter, Biological),End user(Government, Petrochemical, Commercial) – Global Forecast to 2022," published by MarketsandMarkets. Driving the growth are supportive government regulations for effective air pollution monitoring and control, ongoing initiatives toward development of environment-friendly industries, increasing public-private funding for effective air pollution monitoring, rising levels of air pollution and increasing public awareness related to the environmental and health care implications of air pollution.
The air quality monitoring system market is segmented into indoor monitors (comprising fixed and portable monitors), outdoor monitors (comprising fixed, portable, dust, particulate monitors and AQM stations) and wearable monitors. The indoor monitors segment dominated the AQMS market in 2017. The large share of this segment is attributed to the increasing adoption of smart home and green-building technologies and growing consumer preference for pollution-free indoor environments.
The market is segmented into government agencies and academic institutes, commercial and residential users, petrochemical industry, power generation plants, pharmaceutical industry, smart city authority and other end users. Government agencies and academic institutes segment accounted for the largest share in 2017. The large share of this segment can be attributed to the presence of stringent environmental regulations, rising government investments for effective AQM and increased installation of AQM stations worldwide.
Geographically, the AQMS market is segmented into North America, Europe, Asia Pacific and the rest of the world. North America held the largest share of the market in 2017. Factors such as easy accessibility and fast adoption of advanced technologies among key stakeholders and the presence of stringent government regulations for effective pollution monitoring and control contribute to the large share of the North American region.
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