The Air Quality Monitoring System Market (AQMS) is expected to reach 4.90 Billion by 2022 from USD 3.92 Billion in 2017, at a CAGR of 4.6%. The major factors driving the growth of the Air Quality Monitoring System Market include the supportive government regulations for effective air pollution monitoring and control, ongoing initiatives towards the 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 healthcare implications of air pollution.
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By product, the indoor monitors segment accounted for the largest share of the market in 2017
Based on product, the Air Quality Monitoring System Market is segmented into indoor monitors (comprising fixed and portable monitors), outdoor monitors (comprising fixed, portable, dust, and particulate monitors as well as 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.
Government agencies and academic institutes held the largest share of the AQMS Market in 2017
On the basis of end user, the Air Quality Monitoring System 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.
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The 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.
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In 2017, North America dominated the AQMS Market
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 are contributing to the large share of the North American region.
The major players operating in the AQMS Market include Thermo Fisher Scientific (US), Teledyne Technologies, Inc. (US), Siemens Ltd. (Germany), Emerson Electric Co.
(US), and General Electric (US).
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