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Air Quality Monitoring System Market to reach a market size of $6.4 billion by 2025




 

According to a new report Global Air Quality Monitoring System Market, published by KBV Research, The Global Air Quality Monitoring System Market size is expected to reach $6.4 billion by 2025, rising at a market growth of 7% CAGR during the forecast period. The market is experiencing trends such as increased availability of low-cost sensor networks, crowdsourcing, wireless communication development, and growing environmental awareness among the public.

Due to modernized architectures and real-time applications, hardware accounted for the largest market share in 2018. This segment\-\-s large share can be attributed to a growing number of system integrators on the market. Some of the multinational conglomerates do system integration research and, therefore, buy hardware from component manufacturers like sensors and displays. The Software market is anticipated to witness a CAGR of 7.6% during (2019-2025).

The end-use segment is subdivided into residential, commercial, and industrial. The industrial segment holds the largest share in 2018 and is also projected to develop at the fastest CAGR over the next six years. Industrial segment growth is due to increased adoption of air quality monitoring systems from different industries in response to strict government mandates. The Commercial market is experiencing a growth rate of 7.4% during (2019-2025). The Residential market would witness a CAGR of 8.4% during (2019-2025).

The market, on the basis of product type, is subdivided into indoor and outdoor monitoring systems. As a result of these systems\-\- increased integration activities with other smart city infrastructure like traffic systems, smart poles, and street light solutions, the outdoor segment dominated the market in 2018. The factor guiding segment growth is government requirements to use air quality monitoring devices in sectors like oil and gas and pharmaceuticals. The Indoor market showcases a CAGR of 10.1% during (2019-2025).

Structural Insights: https://www.kbvresearch.com/air-quality-monitoring-system-market/

The North America market dominated the Global Air Quality Monitoring System Market by Region 2018. The Europe market is poised to grow at a CAGR of 6.3% during (2019 – 2025). The Asia-Pacific region is expected to grow at the highest CAGR due to low air quality sensor penetration in China and India. Moreover, the Middle East and African regions offer lucrative market opportunities to market players as a result of rapid industrialization and proactive government initiatives to adopt eco-friendly processes in industries.

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Thermo Fisher Scientific, Inc., Siemens AG, Emerson Electric Co., General Electric (GE) Co., 3M Company, Horiba Ltd., Honeywell International, Inc., TE Connectivity Ltd., Agilent Technologies, Inc., Air Quality Monitoring System and Teledyne Technologies, Inc.

Recent Strategies Deployed in Air Quality Monitoring System Market

? Partnerships, Collaborations, and Agreements:

Sep-2019: Siemens Mobility signed a Clean Air Zone contract with Department for Transport?s Joint Air Quality of Birmingham. Under this agreement, Siemens designs, supplies, and installs an ANPR camera monitoring and enforcement solution across its city center. In Birmingham, CAZ has been implemented that is aimed at improving air quality across the city. Under the agreement, Siemens provides ANPR Camera system for monitoring and enforcing the use of the city?s bus lanes within the city boundary.
Sep-2019: 3M signed partnership agreement with Clean Air Asia. In this, 3M will collaborate with international non-governmental organizations on science-based air quality solutions. In this partnership, 3M will spend its next five years on assisting Clean Air Asia in its efforts to access the baseline of air quality conditions.
Jun-2019: Horiba teamed up with TNO for promoting Smart Emission Measurement Systems (SEMS). SEMS is a research and monitoring methodology that measures real-world driving emissions. With the combined strengths of both the companies, the monitoring and evaluation of actual emission performance will accelerate and it will provide valuable insights for improving the sustainability of machineries and vehicles.
Jul-2018: GE signed an agreement with Elektrownia Ostrołęka in order to build Ostrołęka C, a 1GW ultra-supercritical (USC) coal power plant in Northeast of Poland. In this agreement, GE designs and builds the new plant in addition to delivering USC technology components. Moreover, GE Power will supply air quality control systems, which are on par with the latest EU standards in terms of local emissions.

? Acquisition and Mergers:

Dec-2019: Honeywell announced the acquisition of Rebellion Photonics, a provider of innovative, intelligent, and visual gas monitoring solutions. The acquisition provides wide range of gas detection technologies, mobility solutions, and safety gear to Honeywell for helping the workers in staying safe and productive.
Jul-2019: Emerson announced the acquisition of Zedi?s software and automation businesses. The Zedi\-\-s cloud supervisory control and data acquisition (SCADA) platform enables Emerson in helping the oil and gas producers in increasing production and lowering operating costs with the help of cloud-based monitoring, control and optimization.
Feb-2019: Emerson completed the acquisition of Intelligent Platforms from General Electric. The acquisition enables Emerson to help the process and industrial customers in expanding its capabilities in machine control and discrete applications.
Dec-2017: Thermo Fisher took over 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). These systems are used for measuring and analyzing air quality across wide range of industrial applications.

? Product Launches and Product Expansions:

Oct-2019: Emerson released ENERGY STAR? certified Sensi smart thermostats that are compatible with Awair?s indoor air quality monitoring platform. Awair is an indoor air quality monitoring platform, which is available through Sensi?s smart home integrations portfolio.
Jun-2019: Teledyne API, a subsidiary of Teledyne Technologies, launched Model T640 PM Mass Monitor, a new ambient air quality monitoring instrument. The instrument measures the fine particulate matter in real-time below 2.5 microns in diameter (PM2.5) continuously. This monitoring instrument has been used by air quality monitoring agencies.
May-2019: Thermo Fisher launched advanced Class II biological safety cabinets (BSCs). These cabinets have been designed for optimize contamination prevention, user convenience, and information protection and management. Using BSC technology, Herasafe and Maxisafe 2030i systems of Thermo Fisher provide smart self-monitoring safety capabilities for maintain the air flow and monitor critical conditions automatically.
Mar-2019: Horiba unveiled APCA-370 ambient carbon dioxide monitor, used in combination with Air Quality Monitoring System and other systems. The system is capable of measuring CO2 in addition to the types of air pollutants.

Global Air Quality Monitoring System Market Segmentation

By Pollutants

? Chemical
Carbon Oxides
Sulphur Oxides
Nitrogen Oxides
Volatile Organic Compounds
Others
? Physical

By Component

Hardware
Software
Services

By Product Type

Outdoor
Indoor

By End User

Industrial
Commercial
Residential

By Geography

North America

US
Canada
Mexico
Rest of North America

Europe

Germany
UK
France
Russia
Spain
Italy
Rest of Europe

Asia Pacific

China
Japan
India
South Korea
Singapore
Malaysia
Rest of Asia Pacific

LAMEA

Brazil
Argentina
UAE
Saudi Arabia
South Africa
Nigeria
Rest of LAMEA

Companies Profiled

Thermo Fisher Scientific, Inc.
Siemens AG
Emerson Electric Co.
General Electric (GE) Co.
3M Company
Horiba Ltd.
Honeywell International, Inc.
TE Connectivity Ltd.
Agilent Technologies, Inc.
Teledyne Technologies, Inc.

Air Quality Monitoring System Market Related Reports:

North America Market
Europe Market
Asia Pacific Market
LAMEA Market





Posted by on 15. January 2020. Filed under Electronics & Semiconductors, Picture Gallery. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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