Air Quality Monitoring System Market - Global Growth Boosting Factors & Major Leaders

The study involved four major activities in estimating the current market size for the air quality monitoring systems market.

(EMAILWIRE.COM, December 14, 2020 ) Research Methodologies Used for This Study:

Secondary Research

In the secondary research process, various secondary sources such as annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard & silver-standard websites, regulatory bodies, and databases (such as D&B Hoovers, Bloomberg Businessweek, and Factiva) were referred to identify and collect information for this study.

Primary Research

The market comprises several stakeholders, such as demand-side (research laboratories, pharmaceutical & biotechnology companies, oil and gas companies, pharmaceutical companies, government organizations, and residential users) and the supply side (product manufacturers, contract manufacturers, and product distributors). Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Growth Influencing Factors:

The major factors driving the growth of the Air Quality Monitoring System Market include the supportive government regulations for effective air pollution monitoring and control, ongoing initiatives towards the development of environment-friendly industries, increasing public-private funding for effective air pollution monitoring, rising levels of air pollution, and increasing public awareness related to the environmental and healthcare implications of air pollution.

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Market Size Estimation:

Both top-down and bottom-up approaches were used to estimate and validate the total size of the Air Quality Monitoring System Market. These methods were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

# Product mapping of various manufacturers for each type of air quality monitoring products at the regional and country-level
# Relative adoption pattern of each air quality monitoring product among key end-users at regional and country-level
# Detailed primary research to gather quantitative information related to segments and subsegments at the regional and/or country-level
# Detailed secondary research to gauge prevailing market trends at the regional and/or country-level

Expected Revenue Growth:

The global air quality monitoring system market (AQMS) is expected to reach USD 6.0 billion by 2025 from USD 4.3 billion in 2019, at a CAGR of 5.6%.

Data Triangulation

After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the air quality monitoring systems market.

Government agencies and academic institutes held the largest share of the AQMS market in 2019

Based on end-user, the air quality monitoring system market is segmented into government agencies and academic institutes, commercial and residential users, petrochemical industry, power generation plants, pharmaceutical industry, smart city authority, and other end users. The government agencies and academic institutes segment accounted for the largest share in 2018. The large share of this segment can be attributed to the presence of stringent environmental regulations, rising government investments for effective AQM, and increased installation of AQM stations worldwide.

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Global Leaders:

The major players operating in the Air Quality Monitoring System Market include Thermo Fisher Scientific (US), Emerson Electric (US), General Electric (US), Siemens AG (Germany), Teledyne Technologies (US), PerkinElmer, Inc. (US), Agilent Technologies, Inc. (US), Spectris plc (UK), 3M Company (US), Honeywell International Inc (US), HORIBA, Ltd. (Japan), Merck KGaA (Germany), TSI Incorporated (US), Tisch Environmental (US), and Testo (Germany), among others.

Analysis of the market developments between 2016 and 2019 revealed that several growth strategies such as product launches, enhancements, strategic acquisitions, agreements, partnerships, collaborations, and expansions were adopted by the market players to strengthen their product portfolios and maintain a competitive position in the air quality monitoring systems market. Among these business strategies, product launches, agreements, and partnerships were the most widely adopted growth strategies by the players in the air quality monitoring systems market.

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