According to a new market report published by Transparency Market Research titled “ Air Quality Monitoring Equipment Market–Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,” the global air quality monitoring equipment market was valued at US$ 3,715.35 Mn in 2017 and is expected to expand at a CAGR of 8.41% from 2018 to 2026, reaching US$ 7,688.07 Mn by the end of the forecast period.
The world has witnessed a dramatic rise in air pollution levels due to increased industrial activity, excessive use of fossil fuels, and meteorological and seasonal factors, among a host of other factors. Air pollution levels continue to be dangerously high in many parts of the world.
As stated by the World Health Organization (WHO) in May 2018, 9 out of 10 people breathe air containing high level of pollutants and a million people die due to diseases including stroke, heart disease, lung cancer, chronic obstructive pulmonary diseases, and respiratory infections, including pneumonia caused due to high levels of air pollution.
The air quality monitoring equipment market is segmented by type into air pollution sampler, anemometers, gas analyzers and detectors, particle counter, and others. The gas analyzers and detectors segment had major revenue share in 2017 because of its widespread adoption for indoor as well as outdoor air quality monitoring by various end-users. The gas analyzers and detectors segment is anticipated to expand at a significant CAGR of 8.84% throughout the forecast period.
In terms of end-user, the air quality monitoring equipment market is segmented into power generation, oil and gas, medical, construction, chemical, and others.The chemical segment is expected to be the fastest growing segment throughout the forecast period.
This fast pace of growth can be attributed to the increasing demand from the chemical industry for the monitoring of ambient air quality. The chemical segment is expected to expand at a healthy CAGR of 9.57% over the forecast period.
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