Market Insights: Particulate Matter Monitoring Market Valued at $2.2 Billion by 2027


Posted July 31, 2023 by avinashgogawale14

With a projected CAGR of 10.8%, the size of the Particulate Matter Monitoring Market would increase from USD 1.3 billion in 2022 to USD 2.2 billion by 2027.
 
The Particulate Matter Monitoring Market is anticipated to develop at an excellent CAGR of 10.8%, rising from USD 1.3 billion in 2022 to USD 2.2 billion by 2027.

This predicted increase in market size is related to growing awareness of and worries about air pollution and its effects on the environment and public health. The need for particulate matter monitoring solutions is anticipated to skyrocket, fueling the market's robust expansion in the next years as governments and companies prioritise air quality monitoring and regulatory compliance.

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A pressing issue is the increase in air pollution brought on by increased industry and the addition of toxins such particle matter. As a result, during the forecast period, the demand for particulate matter monitoring equipment and sensors is anticipated to increase due to government laws targeted at monitoring and lowering particulate matter concentration. The need for sophisticated particulate matter monitoring technology is being driven by an increased focus on environmental protection and public health, which has prompted industry and authorities to actively look for dependable monitoring solutions to solve the expanding air quality concerns.

Thermo Fisher Scientific, Inc., AMETEK, Spectris plc, ACOEM Group, and Siemens are some of the market leaders in particulate matter monitoring worldwide. Other significant market participants in 2021 include Teledyne Technologies Incorporated, SICK AG, Honeywell International Inc., HORIBA, Ltd., TSI Incorporated, Sensirion AG, and Grimm. These businesses are actively working to strengthen their market positions by ongoing product development and deliberate purchases of smaller particle matter monitoring companies. In order to increase their market presence and obtain a competitive edge, larger corporations frequently acquire significant players in this sector.

Thermo Fisher Scientific, Inc.

Thermo Fisher Scientific, Inc., which operates via four segments—Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics, Laboratory Products, and Laboratory and Biopharma Services—stands as a significant player in the particulate matter monitoring market. Its Analytical Instruments division provides a variety of tools, supplies, software, and services that are used in labs, factories, and other settings. Customers in a range of industries, including biotechnology, pharmaceuticals, the environment, academic, government, and industrial markets, as well as clinical laboratories, are served by these solutions. Chromatography and mass spectrometry, chemical analysis, and materials and structural analysis are the three main businesses within this segment. The chemical analysis business is further subdivided into production, process, and analytics, field safety instruments, and environmental and process instruments.

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AMETEK

With facilities in North America, Europe, Asia, and South America, AMETEK is a top producer of electrical instruments and electrochemical devices. Electronic Instruments Group (EIG) and Electrochemical Group (EMG) are the company's two business divisions. For numerous industries, including process, power, aerospace, life sciences, pharmaceutical, semiconductor, oil & gas, and petrochemicals, the EIG section specialises in cutting-edge instruments. Particulate matter measuring equipment is available from the corporation through its subsidiary, Alphasense Ltd., which is part of the EIG segment's Process and Analytical Instrumentation sub-segment. The wide variety of products offered by AMETEK and its strategic focus on numerous industries help to explain why the company is so well-known in the market for particulate matter monitoring.

Spectris plc

Leading supplier of high-tech instruments, test gear, and software serving technically challenging applications in the semiconductor, electronics, pharmaceutical, and automotive industries is Spectris plc. The business is divided into four segments: Industrial Solutions, HBK, Omega, and Malvern Panalytical. Particle Measuring Systems, one of the Industrial Solutions segment's companies, is important for particulate matter and micro-contamination monitoring in a variety of industries. Spectris plc, a leading competitor in the particulate matter monitoring industry, focuses heavily on measurement, instrumentation, and control products and offers its customers high-quality, precise in-line sensing and monitoring solutions.

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Last Updated July 31, 2023