Dublin, Oct. 20, 2022 (GLOBE NEWSWIRE) -- The "Air Quality Monitoring Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Air Quality Monitoring Systems Market to Reach $6.2 Billion by 2027
Amid the COVID-19 crisis, the global market for Air Quality Monitoring Systems estimated at US$3.9 Billion in the year 2020, is projected to reach a revised size of US$6.2 Billion by 2027, growing at a CAGR of 6.9% over the period 2020-2027. Indoor, one of the segments analyzed in the report, is projected to record a 6.7% CAGR and reach US$4.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Outdoor segment is readjusted to a revised 7.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 8.6% CAGR
The Air Quality Monitoring Systems market in the U.S. is estimated at US$1.5 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$541.6 Million by the year 2027 trailing a CAGR of 8.6% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.2% and 6.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.6% CAGR.
Wearables Segment to Record 6.3% CAGR
In the global Wearables segment, USA, Canada, Japan, China and Europe will drive the 6.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$146.2 Million in the year 2020 will reach a projected size of US$224 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.
Select Competitors (Total 110 Featured)
- 3M Company
- Aeroqual Ltd.
- Emerson Electric Co.
- Hangzhou Zetian Technology Co., Ltd.
- Honeywell International Inc.
- Horiba, Ltd.
- Merck KGaA
- NotAnotherOne Corp.
- PerkinElmer, Inc.
- Siemens AG
- Teledyne Technologies Inc.
- Testo SE & Co. KGaA
- Thermo Fisher Scientific Inc.
- Tisch Environmental Inc.
- TSI Incorporated
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to a digital archives and Research Platform
- Complimentary updates for one year
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Growing Awareness Over Sick Building Syndrome (SBS) and Importance of Indoor Air Quality Drives Demand for Indoor Air Quality Monitoring Systems
- Rise in Allergies Sets the Tone for the Adoption of Indoor Air Quality Monitors
- Rise in Smart Homes Strengthens the Business Case for Smart Indoor Air Quality Monitors
- Continuous Technology Innovations Remains Crucial to Future Growth
- Stringent Regulations & Establishment of Standards to Benefit Growth in the Market
- Role of Artificial Intelligence in Indoor Air Quality Monitors Gets Bigger
- In Focus: IoT Based Indoor Air Quality Monitoring
- Green Building Strategies and Focus on Ventilation Management Bodes Well for Market Growth
- A Peek Into the Role of Indoor Air Quality Monitoring in Optimizing Building Automation
- Stack Emission Monitoring Grows in Popularity in the Industrial Sector Amid Growing Industrial Air Emissions
- Wearable Devices for Air Quality Monitoring Storm into the Spotlight
- Navigating Through Myriad Challenges is Vital for Players in the Market
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/ol46zv
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