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.
Dramatic rise in air pollution levels across the globe to influence the expansion of the market worldwide
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.
Prompt efforts by governments across regions to curb pollution to propel the global air quality monitoring equipment market
In order to keep the air pollutant
quality in check, governments across different regions are imposing
strict regulations and guidelines pertaining to emission levels from
industries as well as vehicles. For instance, in July 2018, the
Maharashtra Pollution Control Board (MPCB) in India, conducted daily
tests in various cities for long term assessment of air pollutant levels
by measuring the quantity and type of air pollutants in the surrounding
outdoor air. Furthermore, governments conduct tests at various
locations and impose restrictions in order to ensure that the air
pollutants do not exceed the prescribed limits.
Asia Pacific market to be the fastest growing due to the increasing levels of air pollutants in the region
In terms of geography, the market has
been divided into North America, Europe, Asia Pacific, Middle East &
Africa, and South America. In 2017, Europe was the topmost revenue
generating region followed by North America. The market in Asia Pacific
is expected to expand at the highest CAGR from 2018 to 2026 due to
growing concerns pertaining to the ill effects on health due to the
spike in air pollution in the region. According to the World Health
Organization (WHO), more than 90% of air pollution related deaths take
place every year in low-middle income countries such as India and China.
China is regarded as the world’s largest emitter of greenhouse gases
and has many of the world’s most polluted cities.
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