Groundbreaking Forecast: Particulate Matter Monitoring Market on the Verge of $2.2 Billion Valuation by 2027


Posted September 20, 2023 by avinashgogawale14

With a projected CAGR of 10.8%, the Particulate Matter Monitoring Market is anticipated to increase from USD 1.3 billion in 2022 to USD 2.2 billion by 2027.
 
The Particulate Matter Monitoring Market Size is expected to rise significantly, from USD 1.3 billion in 2022 to USD 2.2 billion by 2027. Through the forecast period, this growth trajectory predicts a strong compound annual growth rate (CAGR) of 10.8%.

The demand for particulate matter monitoring systems is significantly fueled by the growing emphasis on environmental monitoring and air quality control, which is motivated by growing worries about air pollution and its detrimental health impacts. These technologies are crucial in providing a healthier and more sustainable environment, supporting international efforts to improve public health and clean the air.

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Particulate matter sensors are essential for maintaining vehicle emissions control systems because they help to locate leaks in diesel particulate filters in the automotive and transportation industries. Additionally, these sensors have critical uses in aircraft engines, accurately monitoring the mass concentration of non-volatile particulate matter and assisting in maintaining compliance with environmental norms and laws. The demand for precise and trustworthy particulate matter monitoring is anticipated to rise as the automotive and transportation industries continue to see fast technological improvements. The predicted growth of the particulate matter monitoring market over the next few years is being driven by this technical advancement, which is characterised by innovation and a greater understanding of environmental sustainability.

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The market for indoor monitoring is expected to grow at a highest CAGR during the forecast period

During the projected period, the indoor monitoring market is anticipated to develop at the greatest compound annual growth rate (CAGR). Monitoring indoor air quality is essential for identifying airborne contaminants that have an immediate impact on people's health and productivity. It is a crucial procedure for residential, business, and industrial buildings, covering a range of industries like semiconductor, food & beverage, aerospace, and healthcare. Furthermore, to guarantee that inhabitants are in a healthy environment, indoor air quality monitoring is required in places like hospitals, schools, and businesses. By pointing out that interior air contaminants can be up to 100 times more prevalent than outdoor air contaminants and have a major impact on people's health, the US Environmental Protection Agency (EPA) highlights the significance of indoor air quality.

The market for opacity technology is expected to grow at a significant CAGR during the forecast period

The market for opacity technology is projected to expand significantly with a noteworthy compound annual growth rate (CAGR) over the course of the forecast period. Opacity technology, which comprises static and dynamic opacity technologies, provides a tried-and-true method of controlling greater dust loadings brought on by combustion processes in a variety of industries, including steel, cement, and power generation. Dynamic opacity technology measures the ratio of signal scintillation to absolute light intensity as opposed to traditional opacity technology instruments, which measure the intensity of received light. Due to the fact that lens contamination has no effect on ratiometric measurement, it offers a clear benefit over more conventional techniques. This development improves the precision and dependability of opacity measurements, which encourages a greater uptake and expansion of opacity technology in industrial settings.

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North America accounted for the largest share of the particulate matter monitoring market in 2021

With the biggest market share in 2021, North America became the industry leader in particulate matter monitoring. The region has prioritised human health and a healthy ecosystem, which has sped up attempts to widely install particle matter detectors. The demand for particulate matter monitoring systems is considerably fueled by the robust growth of key industries like oil & gas, mining, petroleum, and automotive. Data collecting from these monitors is actively undertaken by regulatory organisations like the Environmental Protection Agency (EPA) and different state, tribal, and local agencies to guarantee that airborne particulate matter levels stay within the ranges required to protect public health and the environment. This proactive approach to environmental monitoring emphasises North America's crucial role in determining the trajectory of the market for particulate matter monitoring.

The major players includes Thermo Fisher Scientific, Inc. (US), AMETEK (US), Spectris plc (UK), ACOEM Group (France), and Siemens (Germany).

News Covered:

https://www.globenewswire.com/news-release/2022/09/07/2511699/0/en/Particulate-Matter-Monitoring-Market-worth-2-2-billion-by-2027-Exclusive-Report-by-MarketsandMarkets.html

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Last Updated September 20, 2023