North America AQM Market Growth and Forecast Report 2024

North America Air Quality Monitoring Market to Reach $2,628.5 Million by 2024 www.psmarketresearch.com

North America Air Quality Monitoring Market

The North American air quality monitoring market is expected to reach $2,628.5 million by 2024. Owing to rising air pollution levels, increasing awareness regarding adverse effects of air pollution on health and environment, and stringent regulatory framework for reducing air pollution levels.

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North America Air Quality Monitoring Market Based on product, the North American air quality monitoring market is bifurcated into indoor and outdoor products. The market for outdoor monitoring products is expected to observe faster growth in North America, exhibiting a CAGR of more than 10.0% during the forecast period, owing to increasing industrialization and acid rain problem in the region. Further, on the basis of indoor category, the AQM industry in North America is subcategorized into fixed and portable products, with fixed indoor monitoring products leading the market.

Based on particulate type, the North American air quality monitoring market is categorized into coarse particulates and fine particles. The market demand for monitoring products that are able to reduce fine particle levels, is expected to witness faster growth, with a CAGR of 10.3%, during 2019–2024. This can be attributed to the increasing amount of particulate matter 2.5 (PM2.5) toxic pollutants released by various industries and vehicles, which has led to the rising adoption of monitoring products to reduce air pollution levels. Moreover, the AQM industry for coarse particulates is subcategorized into road vehicles dusts, earth crustal materials, and other particulates, with road vehicles dusts subcategory holding the largest share in the market.

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North America Air Quality Monitoring Market In the North American AQM industry, the U.S. market is expected to observe faster growth during the forecast period, with 9.0% CAGR, owing to the increasing prevalence of respiratory diseases, technological advancements in monitoring products, and high prevalence of smoking in the country.

Due to the increasing air pollution levels in the U.S., there have been rising number of asthmatic cases.

According to a survey done by the Centers for Disease Control and Prevention (CDC), in 2016, there were 3,518 adults (aged 18 years and above) deaths reported due to asthma in the U.S. Furthermore, according to a research study program, Oxford Martin Program on Global Development, done by the Oxford University, mortality in the country showed a significant rise from 18.6 deaths per 100,000 population in 2010 to 19.1 deaths per 100,000 population in 2016. This can be attributed to increasing PM2.5 particulate in air in micrograms per cubic meter, as 8.62 Âľg/m3 in 2010 to 9.2 Âľg/m3 in 2016.

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North America Air Quality Monitoring Market

Companies operating in the North American air quality monitoring market are launching a number of AQM products, in order to attain larger market share in the region. For instance, in October 2018, Honeywell International Inc. launched air pressure sensors, TruStability RSC Series and HSC Series, that can be used to measure airflow with high accuracy. Moreover, in May 2018, HORIBA Ltd. developed a Smart Emission Measurement System (SEMS) that aims to collect and analyze emission data, improving real driving emissions (RDE) test procedures. The compactsized system processes data from measurements taken during normal road use and from a statistically reliable amount of collecting vehicles. This combined data is then used to fulfil customer requirements like individual trip reports or field pollution reports.

Some of the other key players in the North American AQM industry are Thermo Fisher Scientific Inc., Merck KGaA, TSI Incorporated, 3M Company, Teledyne Technologies Incorporated, Siemens AG, ECOTECH GROUP, Emerson Electric Co., and Primex Wireless Inc.

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4/18/2019

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