Overview and Scope
Particulate matter monitoring refers to a device that measures the level of common air pollutants. They are used for the continuous measurements of particle concentrations as they provide valuable data enabling trends that are to be tracked.
Sizing and Forecast
The particulate matter monitoring market size has grown rapidly in recent years. It will grow from $1.4 billion in 2023 to $1.57 billion in 2024 at a compound annual growth rate (CAGR) of 12.5%. The growth in the historic period can be attributed to industrial emissions control, urbanization and population growth, public awareness and environmental concerns, government initiatives for air quality improvement, development of smart cities..
The particulate matter monitoring market size is expected to see rapid growth in the next few years. It will grow to $2.48 billion in 2028 at a compound annual growth rate (CAGR) of 12.1%. The growth in the forecast period can be attributed to global efforts to combat climate change, focus on environmental data integration, public health initiatives, focus on indoor air quality, global health crises preparedness, advancements in data analytics.. Major trends in the forecast period include integration of sensor technologies, air quality monitoring networks, technological advancements in monitoring devices, collaborations and partnerships, use of satellite-based monitoring, real-time data visualization..
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Segmentation & Regional Insights
The particulate matter monitoring market covered in this report is segmented –
1) By Product Type: Indoor Monitoring, Outdoor Monitoring
2) By Particle Size: PM1, PM2.5, PM5, PM10
3) By Technology: Light Scattering, Beta-Attenuation, Gravimetric, Opacity, Other Technologies
4) By Application: Process Industries, Ambient Air Monitoring, Indoor Air Monitoring, Healthcare, Other Applications
North America was the largest region in the particulate matter monitoring market in 2023. The regions covered in the particulate matter monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growing oil and gas industry is expected to propel the growth of the particulate matter monitoring market going forward. The oil and gas industry is the sector that deals with a multi-stage process that includes discovering a resource, conveying it to a refinery, and processing it into a finished product. In the oil and gas sectors, a continuous emission monitoring system (CEMS) is required to determine a gas or particulate matter concentration or emission rate. For example, in March 2021, according to the International Energy Agency (IEA), a France-based autonomous international body, predicts that world oil consumption would rise every year through 2026, reaching 104 million barrels per day (mb/d). Additionally, British Petroleum, a UK-based oil and gas company, natural gas consumption worldwide increased by 5.3% in 2021, surpassing the 4 trillion cubic meters mark for the first time. Therefore the growth of the oil and gas industry is driving the growth of the particulate matter monitoring market.
Key Industry Players
Major companies operating in the particulate matter monitoring equipment market are adopting new technological products, such as the AQT530 sensor, to sustain their position in the market. The AQT530 sensor is an air quality sensor to enhance monitoring solutions and improve the quality of life, safety, efficiency, and sustainability. For instance, in June 2021, Vaisala Oyj, a Finland-based manufacturer of environmental measurement products, launched the AQT530 sensor. The AQT530 sensor is designed to provide accurate and reliable measurements of various air quality parameters, such as particulate matter (PM2.5 and PM10), nitrogen dioxide (NO2), sulfur dioxide (SO2), carbon monoxide (CO), and ozone (O3) concentrations in the air. It provides 24/7 reporting of measurement data, which is sent wirelessly to a web-based database with advanced algorithms.
The particulate matter monitoring market report table of contents includes:
1. Executive Summary
2. Particulate Matter Monitoring Market Characteristics
3. Particulate Matter Monitoring Market Trends And Strategies
4. Particulate Matter Monitoring Market – Macro Economic Scenario
5. Global Particulate Matter Monitoring Market Size and Growth
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31. Global Particulate Matter Monitoring Market Competitive Benchmarking
32. Global Particulate Matter Monitoring Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Particulate Matter Monitoring Market
34. Particulate Matter Monitoring Market Future Outlook and Potential Analysis
35. Appendix
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