Lack of Product-differentiation Intensifies Competition among Enterprises in Global Air Quality Monitoring Equipment Market

The global air quality monitoring equipment market is characterized by the dominance of a few well-entrenched players, namely Siemens AG, Thermo Fisher, Horiba Ltd., and Teledyne Technologies Inc. Together they account for almost half of the market share. Competition among them is stiff as they offer similar products at comparable prices. Going forward, the competition would likely heat up further among them. The global market for air quality monitoring equipment was worth US$4.2 bn in 2015. Expanding at a healthy CAGR of 9.10% from 2016 to 2024, it is slated to attain a value of US$8.9 bn by 2024. 

How will wearable devices impact the market?

An emerging trend in the air quality monitoring equipment market is the popularity of wearable devices for checking air quality. Equipped with augmented functionalities, such devices are slated to jostle for space along with the existing fixed and portable monitoring stations in the global market. In fact, wearable devices such as small-scale air filter system used as a breath device and a wearable environment-tracker called Tzoa that scans particles and studies the air are already being sold in the market.

Which product segment holds out strong promise for manufacturers?

Different types of global air quality monitoring equipment are available in the market. They include particle counter, anemometers, gas analyzers and detectors, air pollution sampler, Nitrogen Oxides (NOX) and electrostatic precipitators (ESP) control systems. Among them, gas analyzers and detectors grossed maximum revenue in 2015 – over US$1.4 bn. The product would likely maintain its dominant position in the coming years too, due rising concerns about the increasing amount of harmful gasses negatively impacting the environment. Segments such as NOX and ESP control systems are also slated to hold out a strong promise of growth for manufacturers on account of their wide ranging applications across various industries.

What makes North America the market leader? 

Geographically, North America leads the global market for air quality monitoring equipment in terms of revenue. A host of regulations by the federal and local governments pertaining to air pollution control, coupled with substantial ongoing expansion in the power generation, have been at the forefront of driving demand in the region. The market is forecasted to tread on a solid growth path in the upcoming years too because of the emergence of advanced equipment brought about by technological progress. The rising instances of respiratory disorders is also expected to positively impact demand in this region in the near future.

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What is powering Europe’s strong growth?

Europe trails North America in the global market for air quality monitoring equipment. This is because of the stringent regulations to preserve air quality in Germany and the U.K. that have upped the demand substantially in the two countries. Other factors likely to fillip the market are the growing chemical and the power generation industries. Asia Pacific, powered by the swift pace of growth in the oil and gas and chemical industries, particularly in the countries of India, China, and Japan, is also predicted to witness strong demand.


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