NEW YORK, March 23, 2018 (GLOBE NEWSWIRE) -- The air quality monitoring market size is set to reach $6.0 billion by 2022, growing at a CAGR of 8.8% between 2016-2022. 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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In terms of product type, the AQM market has been segmented into indoor air quality monitor and outdoor air quality monitor. The indoor monitor accounted for the major share in the global market in 2015, whereas the outdoor monitor market is expected to witness the highest growth during 2016 – 2022.
In terms of pollutant type, the AQM market has been segmented into chemical pollutant, biological pollutant and physical pollutant. The chemical pollutant segment accounted for the major share in the global market in 2015, and it is also expected to witness the highest growth during 2016 – 2022.
In terms of sampling method, the AQM market has been segmented into continuous AQM, manual AQM, passive AQM, intermittent AQM. The continuous sampling method of AQM accounted for the major share in the global market in 2015, and it is also expected to witness the highest growth during 2016 – 2022.
In terms of end-user, the AQM market has been segmented into government agencies & academic institutes, commercial & residential users, petrochemical industry, power generation plants, pharmaceutical industry and others. The government agencies & academic institutes segment accounted for the major share in the global market in 2015, and commercial & residential users is expected to witness the highest growth during 2016 – 2022.
Some of the major players operating in the AQM market include Thermo Fisher Scientific ., Merck KGaA KGaA, Teledyne Technologies Incorporated, HORIBA, Ltd., Emerson Electric ., General Electric , TSI Incorporated, 3M Company, and Siemens AG.
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Asia-Pacific Air Quality Monitoring Market
The Asia-Pacific AQM market was valued at $779 million in 2015 and is expected to achieve a value of $1,506.7 million by 2022, growing at a CAGR of 9.9% during 2016–2022. Based on product, the outdoor monitors are expected to witness higher growth than the indoor monitors in the Asia-Pacific AQM market during the forecast period, due to the rising pollution levels and industry pollutants. Among the various types of pollutants being monitored, chemical pollutants monitoring held the largest share of the market in 2015 and is also expected to register highest growth during the forecast period.
North America Air Quality Monitoring Market
The North American AQM market valued $1.4 billion in 2015 and is expected to attain a value of $2.5 billion by 2022, growing at a CAGR of 8.5% during the period 2016–2022. Between the two types of AQM products, indoor monitors accounted for the larger share in the North American AQM market in 2015, due to their high rate of adoption in pharmaceutical and other industries owing to the need for controlled environment. Based on the type of pollutants monitored in 2015, chemical pollutants monitoring generated the largest revenue in the AQM market, followed by physical and biological pollutants monitoring.
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