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What are Reasons behind Growth of Asia Pacific (APAC) Air Quality Monitoring Market?

Posté le: Mar-18-2021 | vue (223) fois | Word Count article: 458 |

As per a report by P&S Intelligence, in 2017, the APAC air quality monitoring market attained a value of $936.6 million and is projected to generate a revenue of $1.7 billion by 2023, advancing at a 10.0% CAGR during the forecast period (2018–2023).
Among the leading causes of death and disability across the globe is also air pollution. Due to technological advancements, which have led to the development of machines which burn fossil fuels for generating energy for different purposes, the quality of air has been declining swiftly. As per the 2016 Global Burden of Disease report, about 6.1 million deaths occur due to air pollution globally, and the low and middle-income countries, particularly in the Asia-Pacific (APAC) region, account for 90% of this burden. This is due to the large population base of countries in the region.

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In order to cope with this serious issue effectively, it is necessary that the air quality is monitored regularly. A major purpose of air quality monitoring is to determine which areas violate an ambient air quality standard. Health-based ambient air quality standards are set at pollution concentration levels that lead to harmful impacts on health of human beings, if the levels of ambient air quality standard in an area, the air pollution levels need to be mitigated. Attributed to the surging levels of air pollution in the APAC region, the demand for air quality monitoring systems is also increasing.

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Major end users of air quality monitoring include government agencies & academic institutes, pharmaceutical industry, commercial and residential sectors, power generation plants, and petrochemical industry. While in the past, government agencies and academic institutes have been a primary user of air quality monitoring systems, the demand for these systems is also predicted to grow considerably from the commercial and residential sectors in the years to come. This can be attributed to the rising prevalence of respiratory diseases and lung cancer, which is compelling people to keep the air quality of their surroundings in check. Within the region, Japan has been creating the largest demand for these systems due to the development of advanced technologies.

Hence, the demand for air quality monitoring is growing in APAC due to the surging air pollution levels and rising prevalence of respiratory diseases.

This study covers
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential
• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
• Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
• Major players operating in the market and their service offerings

Source de l'article : are Reasons behind Growth of Asia Pacific (APAC) Air Quality Monitoring Market?_1037.aspx

auteur ressource :
P&S Intelligence
International: +1-347-960-6455
Report Description:

Mots-clés : Asia Pacific (APAC) Air Quality Monitoring (AQM) Market , Size, Share,

Catégorie : D'affaires : PR

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