NEW YORK, May 29, 2018 (GLOBE NEWSWIRE) -- According to the market research report published by P&S Market Research, the APAC air quality monitoring market size is forecasted to reach $1.7 billion by 2023, the region’s growth is attributed to the rapid industrialization and the subsequent increase in pollution level. Moreover, the increasing prevalence of respiratory diseases, stringent regulations of air pollution, and increasing awareness regarding environmental and healthcare implication of air pollution are also fueling the growth of the APAC air quality monitoring market.
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Indoor air quality monitors held the larger share in the air quality monitoring market in APAC, accounting for 71.1% in 2017. It is expected to register significant growth in the market, with 9.3% CAGR during the forecast period.
Among all pollutants, chemical pollutant monitoring is expected to continue holding the largest share in air quality monitoring market in APAC in the coming years.
Among the various sampling methods, the market for continuous and intermittent methods is expected to project notable growth during the forecast period in the APAC air quality monitoring market, with the former exhibiting a CAGR of 10.9% during the forecast period. This is attributed to the high degree of measurement precision, as well as the ease of operation with minimal operator intervention required.
During the forecast period, the APAC air quality monitoring market is projected to witness the fastest growth in China, with a CAGR of 11.7%. The major factors for the market’s fastest growth in the country include increasing prevalence of respiratory diseases and increasing level of air pollution in China. As per the World Air Quality Index project, an institutional forum that continuously monitors the air quality index (AQI) for more than 80 countries, Beijing reported an AQI of 275, which is alarmingly unhealthy.
In order to increase their market share, key players in the APAC air quality monitoring industry are acquiring air quality monitoring business from other competitive manufacturers for the development of cost-effective and at-home therapy products.
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For instance, in February 2018, TSI Incorporated acquired certain 3M Personal Safety Division offerings, primarily focused on noise, environmental, and heat stress monitoring. TSI also acquired 3M's Oconomowoc, Wisconsin facility, where these products are manufactured. These products, which include noise indicators, noise dosimeters, sound level meters, heat stress monitors, and indoor air quality monitors, are a natural fit with TSI’s Health and Safety Product line that already includes industry leading PortaCount Fit Testers and DustTrak Monitors.
In December 2017, Thermo Fisher Scientific Inc. completed the acquisition of certain assets of EPTEK Technology Co. LTD and several related entities based in Taiwan and mainland China. The assets acquired included volatile organic compound (VOC) continuous emission monitoring systems (CEMS), used to measure and analyze air quality across a range of industrial applications; terms of the transaction, were however, not disclosed.
Some of the other key players (than those mentioned above) operating in the APAC air quality monitoring industry are General Electric Company, Merck KGaA, Siemens AG, HORIBA, Ltd. and Emerson Electric Co.
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