Market Research Future (MRFR) has published on the “Global Particulate Matter Monitoring Market”.
The Particulate Matter Monitoring Market is estimated to register a CAGR of 11.30% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Particulate Matter Monitoring Market— Thermo Fisher Scientific, Inc. (US), AMETEK (US), Spectris plc (UK), ACOEM Group (France), and Siemens (Germany).
The global Particulate Matter Monitoring Market is accounted to register a CAGR of 11.30% during the forecast period and is estimated to reach USD 3.93 billion by 2032.
The growth of the diesel power engine market is propelled by key factors such as the increasing demand for dependable electricity supply and the expansion of commercial and industrial infrastructures.
The global Particulate Matter Monitoring Market has been segmented based on particle size, type, technology, and application.
Based on Particle Size, the market is segmented into PM1, PM2.5, PM5, and PM10. The PM2.5 category is expected to be the largest segment during the forecast period. The presence of PM2.5, fine particulate matter, can have detrimental effects on lung health by causing erosion and irritation to the alveolar wall. This intrusion deep into the lungs can significantly impact lung function.
Based on Type, the Particulate Matter Monitoring Market has been segmented into Indoor Monitoring and Outdoor Monitoring. The indoor monitoring is expected to be the largest segment during the forecast period. Indoor air quality monitoring is a critical process aimed at assessing the presence of harmful substances within indoor environments, which can significantly influence the productivity and well-being of occupants.
Based on Technology, the Particulate Matter Monitoring Market has been segmented into Light Scattering, Beta-Attenuation, Gravimetric, Opacity, and Others. Light scattering is expected to be the largest segment during the forecast period. In response to increasingly stringent environmental regulations, there has been a notable enhancement in the accuracy of measuring particulate matter emissions from coal-fired power plants. This improvement stems from advancements in the measurement process, particularly in the context of forward scattering angles, where particle scattering light intensity exhibits significant magnitudes compared to back-scattering angles.
Based on Application, the Particulate Matter Monitoring Market has been segmented into Process Industries, Ambient Air Monitoring, Indoor Air Monitoring, Healthcare, and Others. Process industries is expected to be the largest segment during the forecast period. Various activities within the oil and gas sector result in the emission of environmental pollutants, including nitrogen oxides, carbon dioxide, sulfur dioxide, particulate matter, total volatile organic compounds (VOCs), carbon monoxide, and hydrogen sulfide. These emissions are a byproduct of the production processes employed in the industry.
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The global Particulate Matter Monitoring Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Particulate Matter Monitoring Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Particulate Matter Monitoring Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Particulate Matter Monitoring Market comprises of Middle East, Africa, and Latin America.
The largest market share for Particulate Matter Monitoring Market was maintained by the North American regional sector. The market is experiencing revenue growth in this region primarily due to rapid technological advancements in air quality monitoring systems and increased public awareness driven by the escalating issue of air pollution. Furthermore, the presence of robust government regulations is acting as an additional catalyst for market expansion. In the United States, for example, strict regulations govern the environmental impact of power generation and transmission. Most power facilities are subject to regulations under the Clean Air Act, which address emissions of air pollutants.
Moreover, the Europe market has been persistently growing over the forecast period. The anticipated growth in market revenue within this region is strongly influenced by two key factors: heightened public awareness regarding ambient air quality and the implementation of rigorous government regulations. These regulations are designed to establish limits and objectives for air pollutants, with the primary aim of safeguarding human health and the natural environment. Notably, the EU Air Quality Directives are pivotal in this regard, as they set forth comprehensive measures to protect human health, plant life, and ecosystems by defining specific limits for air pollutants.
Rapid industrial expansion in the Asia Pacific region, coupled with a rising incidence of respiratory ailments in regional countries, has spurred increased awareness and swift adoption of particulate matter monitoring systems. In China, for instance, the combination of rapid urbanization, industrial growth, and a surge in motor vehicles has elevated particulate matter into a pressing environmental concern. As a result, the demand for particulate matter monitoring systems is projected to soar.
Furthermore, the rest of the world's Particulate Matter Monitoring Market is divided into the Middle East, Africa, and Latin America. In these regions, resource extraction industries, such as mining and oil production, are significant contributors to PM emissions. Monitoring systems are essential for tracking emissions and minimizing environmental impacts in these industries.
Key Findings of the Study
- The global Particulate Matter Monitoring Market is expected to reach USD 3.93 billion by 2032, at a CAGR of 11.30% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market because of the increased focus on compliance with air quality standards and regulations.
- Based on type, the indoor monitoring segment was attributed to holding the largest market in 2022, with an approximate market share of 55–60%.
- Thermo Fisher Scientific, Inc. (US), AMETEK (US), Spectris plc (UK), ACOEM Group (France), and Siemens (Germany).