The AQM market is primarily driven by increasing level of air pollution across the globe, increasing awareness regarding environmental and healthcare implications of air pollution and favorable government regulations for AQM.
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Globally, North America was the largest market for AQM in 2015, and it is expected to witness considerable growth during the forecast period. The North American AQM market accounted the largest share in the global market due to increasing number of patients with respiratory disorders, increasing awareness regarding environmental and healthcare implication of air pollution, and increasing pollution level.
Urbanization has significantly changed the lifestyle and the environment. According to WHO, more than 50% of the world’s population live in urban areas. It is expected that by 2050, 70% of the world’s population will live in towns and cities. The air pollution level across the globe, espcially in urban areas is increasing due to the rapidly growing construction, increasing number of vehicles, and increasing industrialization. The increasing level of air pollution has significantly threatened the health of an individual, thus creating huge demand for the AQM market.
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Some of the major players operating in the AQM market include Thermo Fisher Scientific Inc., Merck KGaA, Teledyne Technologies Incorporated, HORIBA, Ltd., Emerson Electric Co., General Electric Company, TSI Incorporated, 3M Company, and Siemens AG.
GLOBAL AQM MARKET SEGMENTATION
By Product Type
• Indoor air quality monitors
o Fixed indoor air quality monitors
o Portable indoor air quality monitors
• Outdoor air quality monitors
o Portable outdoor air quality monitors
o Fixed outdoor air quality monitors
o Dust and particulate air quality monitors
o AQM stations
By Pollutant Type
• Chemical Pollutant
• Physical Pollutant
• Biological Pollutant
By Sampling Method
• Continuous monitoring
• Manual monitoring
• Passive monitoring
• Intermittent monitoring
By End User
• Government agencies and academic institutes
• Commercial and residential user
• Petrochemical industry
• Power generation plants
• Pharmaceutical industry
• Others
Source: P&S Intelligence