Air Quality Monitoring Market To Report Towering Growth, Revenue To Surge To US$ 6.78 billion By 2023 – ZMR Blog
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Air Quality Monitoring Market To Report Towering Growth, Revenue To Surge To US$ 6.78 billion By 2023

With the presence of a large pool of participants, the global air quality monitoring market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Thermo Fisher Scientific Inc., General Electric Company, Siemens AG, 3M Company, and Merck KGaA are some of the key vendors of air quality monitoring across the world. These players across air quality monitoring market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the air quality monitoring market study.

For instance, in August 2018, the UK-based firm Ricardo firm developed new software termed as RapidAir having the ability to determine the level of air quality depending upon the myriad environmental factors. Researchers have found that the software to be a good predictor of air quality through the tests conducted on 86 locations in city of London.

As estimated in this report, the global air quality monitoring market stood at US$ 4.20 billion in 2017. Witnessing a tremendous rise during the period from 2018 to 2023, the revenue in air quality monitoring market is expected to reach US$ 6.78 billion by the end of the forecast period. The main products available in air quality monitoring market are indoor monitors, outdoor monitors, and portable monitors.

Global Air Quality Monitoring Market

Strict Government Laws Aimed At Air Pollution Control To Spur Market Growth

“Mounting awareness among the people about health hazards due to rising air pollution has prompted the growth of air quality control systems market,” says the author of the study. Apart from this, increase in the proportion of air pollution has resulted in the rise of the ailments such as lung cancer, chronic obstructive pulmonary ailment, cardiovascular disease, and asthma. This, in turn, has forced the government to implement strict legislations to detect & control the level of pollution in atmosphere, thereby leading to escalation in product demand.

Increase in the manufacturing costs of air quality monitoring equipment, however, is likely to restrict the expansion of air quality monitoring market. Nevertheless, rising deployment of air quality monitoring stations in myriad industries is aimed at controlling the level of air pollution. This move, in turn, is projected to positively influence the market growth in the near future, thereby normalizing the impact of hindrances on the air quality monitoring market, reports the air quality monitoring market study.

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Health & Ecological Awareness To Support North America’s Regional Dominance

Regionally, North America has been leading the worldwide air quality monitoring market and is anticipated to continue on the dominant position in the years to come, states the air quality monitoring market study. Increase in the respiratory ailments along with ascension in the health & environmental awareness witnessed in the region is the main factor behind the dominance of the North America air quality monitoring market. The high number of market players being headquartered in North America is another significant factor that is supporting the growth of this air quality monitoring market in the region.

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