In the past two decades, the post-industrial revolution, technical developments, and development have seen unparalleled expansion. Rapid increases have occurred in population growth, poverty rates, and unemployment rates. This has resulted in job prospects since the present generation views industries as a lifeline. The World Bank Group predicts that industries would be responsible for a 23.083% increase in worldwide employment in 2020. Yet, global concerns such as climate change and global warming are worsening due to industrial emissions. The air quality has deteriorated considerably due to the expansion of industrial sectors. Pollutants from industry include nitrogen oxide, sulfur dioxide, dust, and particulate matter. They greatly contribute to dust pollution. Devices for measuring industrial air quality aid in real-time tracking and reduction of air pollution.
INCREASING MINING ACTIVITIES STRENGTHENING THE DEMAND FOR INDUSTRY AIR QUALITY MONITORING SYSTEM MARKET
Rapid urbanization, contemporary infrastructure advancements, and an increase in the measures made by major authorities in emerging nations to construct trains, roads, buildings, highways, and other network systems will increase the need for the mining of raw materials in 2022. In addition, car and mining firms are spending heavily in capacity expansion to meet the rising demand for metals and ores. In addition, the need for raw resources, such as rubber for tires, steel for frames, and lithium, to manufacture automotive batteries is increasing. Thus, mining activities are supported by the large production of passenger cars, heavy commercial vehicles, light commercial vehicles, four-wheelers, and two-wheelers. Hence, the expanding mining and quarrying operations will propel the future expansion of the worldwide market for industrial air quality monitoring systems.
ASIA WILL HAVE THE LARGEST MARKET SHARE FOR INDUSTRIAL AIR QUALITY MONITORING SYSTEMS.
By 2028, the market for industrial air quality monitoring systems in APAC is anticipated to expand considerably. The main economies of Asia-Pacific, including India, China, and Japan, are seeing a rise in industrial building due to a rise in the number of corporations from diverse industries establishing units in unique nations in order to exploit the anticipated and prospective development.
China held the highest revenue share in the APAC industrial air quality monitoring system market in 2022. In 2021, government funding for industrial building projects was valued at over $1,12 trillion, according to the Ministry of Finance. Jiangsu and Zhejiang, for example, are home to the computing and electronic sectors, making their GDP growth rates greater than those of other Chinese cities. Consequently, new industries and industrial units are constructed in this metropolis. Thus, the future will be driven by the need for air quality monitoring systems.
KEY COMPANY PROFILES
- Inc. Thermo Fisher Scientific
- Siemens AG Emerson Electric Co. HORIBA, Ltd.
- Teledyne Technologies
- CIAT Daikin Honeywell 3M Company Systemair Johnson Controls VTS Group Bosch Sensortec Samsung
- Panasonic PerkinElmer, Inc
- The companies Swegon Hitachi Vent-Axia Lennox TSI, Inc.