Air Quality Monitoring Market Analysis and Future Scope

Air Quality Monitoring Market to Reach $6.5 billion by 2023 www.psmarketresearch.com

Air Quality Monitoring Market Global air quality monitoring market size is forecasted to reach $6.5 billion by 2023. The growth is attributed to the increasing level of air pollution and growing

awareness about various environmental hazards.

Furthermore, health effects of air pollution, and favorable government regulations to monitor air quality, are also accelerating the growth of air quality monitoring market.

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Air Quality Monitoring Market On the basis of product, the air quality monitoring market is categorized into indoor and outdoor air quality monitors. Indoor air quality monitors held a larger share in the market in 2017, accounting for 70.6%. This leading position of the category is attributed to its advantages over outdoor air quality monitor. For instance, indoor air quality monitors can measure several pollutants such as carbon monoxide, aldehydes, particulate matter, and nitrogen oxides. In addition, these monitors have high adoption in pharmaceutical and other industries, that require a controlled environment.

Based on pollutant, the market for chemical pollutant air quality monitoring is expected to exhibit the fastest growth, with a CAGR of 9.7%, during the forecast period.

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Air Quality Monitoring Market During the forecast period, the air quality monitoring market is projected to witness the fastest growth in APAC, with a CAGR of 10.0%. The market growth in the region can be attributed to the increasing prevalence of respiratory diseases, large-scale industrialization, and rising pollution levels. Moreover, increasing stringent regulations related to air pollution, growing awareness on the environmental and health effects of air pollution, and the rising prevalence of smoking are the factors supporting the growth of the APAC air quality monitoring market.

In 2016, a study was published in the journal Value in Health Regional Issues, which concluded that respiratory diseases have a significant impact on health care resource use (HCRU) and associated costs in the APAC region. In the study, patients over 18 years of age were enrolled. The study was conducted to understand the problems associated with respiratory diseases in the patients. The study described HCRU, work impairment, cost burden, and health-related quality of life (HRQOL) as key factors associated with respiratory diseases in the region.

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Air Quality Monitoring Market

In December 2017, Thermo Fisher Scientific Inc. completed the acquisition of certain assets of EPTEK Technology Co. Ltd. and several related entities with offices in Taiwan and mainland China. The assets acquired include volatile organic compound (VOC) continuous emission monitoring systems (CEMS) used to measure and analyze air quality across a range of industrial applications.

Request for report sample at: https://www.psmarketresearch.com/market-analysis/air-qualitymonitoring-devices-market/report-sample Some of the other key players operating in the global air quality monitoring market are Merck KGaA, HORIBA Ltd, TSI Incorporated, Teledyne Technologies Incorporated, Siemens AG, Autotronic Enterprise Co. Ltd, Aeroqual Limited and ECOTECH GROUP.

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