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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.
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.
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Additionally, the increasing awareness regarding environmental and healthcare implications of high pollution levels and favorable government regulations are also driving the growth of the market in the country. Moreover, the high smoking prevalence in China is also attributing to the fast growth of the market in the country. By 2050, the smoking deaths in China are expected to be triple of the estimated deaths in 2030, which is more than the population of Chicago.
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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Some of the 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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