Global AQM System Market to Witness 4.9% CAGR during 2019 – 2024, Attaining Market Size of USD 5.5 Billion by 2024

Jan, 2019

The global air quality monitoring system market is expected to grow at a CAGR of 5.9% during the forecast period with its market size predicted to reach USD 5.5 billion by 2024. The increasing air pollution, favorable government initiatives and regulations for air pollution monitoring and control, increasing prevalence of respiratory diseases, cardiovascular diseases, and cancer, and increasing public awareness related to healthcare and environmental implications of air pollution are the major factors leading to the high demand of air quality monitoring (AQM) Systems in the global market.

Based on product, the market is categorized into outdoor monitors and indoor monitors. Indoor monitors hold a larger share in the market due to the increasing awareness among residential and commercial users for air quality monitoring and control, and with the increasing development of green technology-based buildings. The outdoor AQM monitors are expected to grow at a faster rate during the forecast period, owing to the increasing initiatives taken by government organizations for monitoring and control of air pollution.

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Different type of sampling methods used for air quality monitoring is manual monitoring, active/continuous monitoring, passive monitoring, and intermittent monitoring. Of all sampling methods, the active/continuous sampling method anticipated accounting the largest share in the air quality monitoring system market. Implementation of supportive government guidelines for effective air pollution monitoring and huge fixing base for continuous air monitoring stations are some of the factors responsible for the growth of the active/continuous sampling method segment.

There are primarily three types of pollutants in the air including chemical pollutant, physical pollutant, and biological pollutant. Chemicals are one of the most hazardous and common types of pollutants found in the air. Among all pollutants, the chemical pollutants are the most common type of pollutant monitored through AQM systems.

The different end-users of AQM systems are petrochemical industry, government agencies and academic institutes, commercial and residential users, power generation plants, the pharmaceutical industry, and others. Mounting installation of AQM stations, the existence of strict environmental regulations, and escalating government assets for effectual AQM are the factors growing the demand of government agencies and academic institutes. Among the all end user, the government agencies and academic institutes are expected to install the greatest number of AQM systems across the globe.

Asia-Pacific AQM System industry is expected to witness the fastest growth during the forecast period. The growth is driven by the rising number of respiratory and cardiovascular diseases due to air pollution, and supportive government regulations for air quality control and monitoring. North America is the largest market for AQM system due to the proactive government and high awareness and initiatives were taken by non-government environmental organizations.

Teledyne Technologies Incorporated, 3M Company, Thermo Fisher Scientific Inc., Emerson Electric Co., Siemens AG, ECOTECH GROUP, Merck KgaA, General Electric Company, Horiba Limited, Spectris, TSI Incorporated, Autotronic Enterprise Co. Ltd., and Aeroqual Limited are the key players offering air quality monitoring system.

Global AQM System Market Coverage

Product Insight and Forecast 2014-2024

  • Indoor Monitors
    • Fixed
    • Portable
  • Outdoor Monitors
    • Fixed
    • Portable
    • Dust & Particulate Matter
    • AQM Station

Sampling Method Insight and Forecast 2014-2024

  • Manual
  • Active/Continuous
  • Passive
  • Intermittent

Pollutant Insight and Forecast 2014-2024

  • Physical
  • Chemical
  • Biological

End-User Insight and Forecast 2014-2024

  • Petrochemical Industry
  • Government Agencies and Academic Institutes
  • Commercial and Residential Users
  • Pollutant Generation Plants
  • Pharmaceutical Industry
  • Others

Geographical Segmentation

AQM System Market by Region

North America

  • U.S.
  • Canada
  • Mexico

Europe

  • U.K.
  • Germany
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe

Asia-Pacific

  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Rest of the World

  • Brazil
  • South Africa
  • Saudi Arabia
  • U.A.E.
  • Other Countries
Global AQM System Market to Witness 4.9% CAGR during 2019 – 2024, Attaining Market Size of USD 5.5 Billion by 2024