The key players in the air quality monitoring (AQM) market focus on various strategies such as product approvals, launches, and enhancements; partnerships, agreements, and collaborations; geographic expansions; and strategic acquisitions in order to increase their market shares in the global AQM market. Product approvals, launches, and enhancements were the key strategy adopted by major industry players to achieve growth in the AQM market. This strategy was majorly adopted by Thermo Fisher Scientific, Inc. (U.S.A), Teledyne Technologies, Inc. (U.S.A), Siemens AG (Germany), Emerson Electric Co. (U.S.A), TSI, Inc. (U.S.A), Servomex Group Ltd. (U.K.), and Testo AG (Germany). Apart from product approvals, launches, and enhancements, a number of leading players have also adopted partnerships, agreements, and collaborations to strengthen their distribution networks in specific markets, enhance their R&D capabilities, and generate additional demand by sensitizing end users to sustain their relation with the company.
Thermo Fisher Scientific, Inc. holds the leading position in the air quality monitoring market, owing to its robust product portfolio of air quality monitors as well as its strong geographic presence across major markets. The company primarily focuses on developing technologically advanced air quality monitoring solutions as its key growth strategy to sustain its leadership position in the AQM market. In line with this strategy, the company has launched numerous AQM products in the last three years. These include the Thermo Scientific 253 Plus 10kV Isotope Ratio Mass Spectrometer (in December 2015), Thermo Scientific PDM3700 (in March 2015), Thermo Scientific Model 84i Mercury Permeation Source (in March 2013), and Thermo Scientific Particulate Matter Continuous Emissions Monitoring System (PM CEMS) (in October 2013).
Teledyne Technologies Inc. (U.S.) held the second position in the AQM market in 2015. This is mainly due to the wide geographical presence and strong product portfolio of the company in the global air quality monitoring market. The Teledyne Advanced Pollution Instrumentation offers a complete line of air quality monitoring solutions including products for the environmental monitoring of trace levels of gases in ambient air as well as monitoring of air pollutants emitted from industrial stacks. The company has primarily adopted product approvals, launches, and enhancements as its key growth strategy to strengthen its position in the global AQM market. In line with this strategy, the company launched the Model 602 BetaPLUS instrument for continuous and automated particulate matter monitoring.
Reference Website: Markets and Markets
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