The air monitoring equipment market has been forecast to increase at a compound annual growth rate (CAGR) of 20.14% through 2016, driven by the increasing demand from developing countries, and the increasing adoption of large-scale monitoring networks.
Market vendors are facing challenges such as intense price wars and increasing threats from local vendors. Therefore, vendors in this market are trying to focus on just one product segment rather than focusing on all the product segments in the market.
For instance, the continuous emissions monitors (CEM) Systems segment and the ambient monitoring systems segment are growing at a faster rate compared to other product segments in the APAC region. Therefore, vendors have started to focus on these two segments as they have more potential than the other segments in the market.
One of the biggest potential revenue generators is for outsourcing. One aspect of outsourcing is remote monitoring. The CEMs data can be utilized to control the process operations. The reason is that many processes are limited by the emission rate. They must maintain production capacity below the level where they exceed their regulated limits.
Asia is the fastest growing region. Developing countries first invest in ambient systems and then start investing in stack CEMs. Japan, South Korea and Taiwan have progressed through all the stages and are fully equipped. China has moved from the ambient to the stack CEM stage. Its demand for stack CEMs for coal-fired plants exceeds the US and Europe combined.
There are a number of adjacencies which deserve more attention by the monitoring community. One is to continuously monitor odor control systems in wastewater plants. Millions of dollars are spent on excessive water chemicals to protect against odors. Good monitoring systems would have an attractive return on investment.
Another area is to control the environments within cleanrooms and other indoor spaces. The particulate and colony forming unit count can be monitored and the amount of recirculated and fresh air reduced to meet the target limits. Many cleanrooms operate at a constant flow rate even at night when there are no contaminant sources.
Key players currently dominating the air monitoring equipment market include Endress+Hauser Management AG, Thermo Fisher Scientific Inc., TSI Inc., and Horiba Ltd.
For more information on the air monitoring equipment market, see the latest research: Air Monitoring Equipment Market
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