Air Quality Monitoring Systems Market Forecasts, Status, and Industry Opportunities 2028
8th
May 2019 – Air Quality Monitoring is necessary for local
authorities, major public and private industries to understand and prevent air
pollution and evaluate emission sources, to maintain health and contribute to
the fight against the greenhouse effect.
The global air quality monitoring system market evaluates growth trends
in the industry and is anticipated to display a significant rise in the CAGR by
2028. “The market players have introduced Wireless Sensor Network (WSN)-based
air quality monitoring system using IOT central server and gases sensors such
as CO2, NO2, and CO sensors.”
The market is driven by the rising awareness related to health and
environmental implications of air pollution. Besides the detrimental effects of
toxic industrial emissions on health and the environment, energy efficiency and
work productivity are potentially hampered by poor air quality.
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An increase in fatal accidents across the mining, manufacturing, and
agricultural sectors due to air toxification, is set to drive the air quality
monitoring systems market in the upcoming years. Based on the product, the air
quality monitoring system market has been segmented into outdoor monitors,
indoor monitors, and wearable monitors.
In order to study the span of the industry, the global market has been
geographically segmented into the five key regions of North America, Europe,
the Asia Pacific, the Middle East, and Africa, and Latin America. Fast adoption
of advanced technologies among the top manufacturers in North America has
instituted this region to hold the highest market share. The huge untapped
potential in emerging economies such as India and China, along with government
initiatives for framing stringent legislative regulations to curb air
toxification, is creating lucrative growth opportunities in these countries.
The market offers a multitude of challenges for the industry participants
and the gaining decisive understanding of these challenges have impelled the players
to pander strategic merger & acquisition activities with their fellow
contenders. They have identified the sales volume, former growth statistics,
cost of resources, and future prospects.
The competitive landscape showcases the profiles and business strategies
of the major players, along with their recent developments. Some of the
dominant players operating in this market include Thermo Fisher Scientific
Inc., HORIBA Ltd., Merck KGaA, Teledyne Technologies Incorporated, TSI
Incorporated, Siemens AG, 3M Company, Aeroqual Limited, Autotronic Enterprise
Co. Ltd., and ECOTECH GROUP among others.
The emerging companies have registered the key raw material suppliers,
buyers, research investors and distributors of the air quality monitoring
systems market. Stakeholders and investors are increasing their spending on
research and development activities to scale the latest technologies in their
system engineering process. The competitors are profiling their business
expansion strategies by incorporating collaborations, and joint ventures with
the fellow contenders. They have inspected the assorted threats and evolving
disruptive technologies to shape the supply and demand of the air quality
monitoring systems market in the forthcoming years.
Intergovernmental Panel on Climate Change (IPCC), has launched the Fifth
Assessment Report, which directly identified that an average individual spends
90 percent of his time indoors and is considered fatal as compared to outdoor
pollution levels. Reduced ventilation, excessive use of electronic devices, and
unacceptable levels of dust accumulation have introduced new sources and
materials that cause indoor pollution.
The industry vendors have been impelled the redesign of buildings to
enhance the indoor air quality (IAQ) monitoring system. MQ2 Gas Sensor is a
low-cost CO sensitive device that is characterized by its feature for detecting
i-butane, propane, and methane to monitor indoor LPG pollutants and industrial
smoke.
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