North America Air Quality Monitoring Market to Reach $2,628.5 Million by 2024: P&S Intelligence

North America Air Quality Monitoring (AQM) Market by Product (Indoor [Fixed, Portable], Outdoor [Fixed, Portable, Dust & Particulate, AQM Station]), by Particulate Type (Coarse Particulates [Earth Crustal Materials, Road Vehicle Dusts], Fine Particles [Secondarily Formed Aerosols, Combustion Particles]), by Pollutant (Class [Chemical, Physical, Biological], Type [SO2, NO2, PM10, PM2.5, Ozone, Lead, Arsenic, Nickel, CO, NH3]), by Monitoring (Ambient, Mobile, On-Road, Satellite, Emissions), by Sampling Method (Manual, Continuous, Passive, Intermittent), by End User (Government Agencies & Academic Institutes, Commercial & Residential Sectors, Petrochemical Industry, Power Generation Plants, Pharmaceutical Industry), by Geography (U.S., Canada) – Market Size, Share, Development, Growth, and Demand Forecast, 2014–2024

NEW YORK, Jan. 17, 2019 (GLOBE NEWSWIRE) -- According to the market research report published by P&S Intelligence, 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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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 problems 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 the road vehicles dusts subcategory holding the largest share in the market.

The North American air quality monitoring market is classified on the basis of pollutant into type and class. Further, on the basis of class, the industry is sub-classified into chemical, physical, and biological pollutants. The market for monitoring products to reduce chemical pollutants is expected to witness the fastest growth, exhibiting a CAGR of 9.5%, during the forecast period. This growth is attributable to the increasing adoption of monitoring products by governments in the region, for the detection of harmful gases present in the atmosphere.

In terms of monitoring, the North American air quality monitoring market is categorized into ambient, on-road, emissions, mobile, and satellite monitoring equipment. Ambient AQM equipment are estimated to generate the largest sales in 2018, with more than $500 million revenue. This is due to the rising adoption of various regulatory standards in the region, to maintain the air quality levels.

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On the basis of sampling method, the North American air quality monitoring market is categorized into continuous, manual, passive, and intermittent. The market for continuous sampling products is expected to generate the highest sales in the coming years, advancing at a CAGR of 9.7%, during the forecast period.

Based on end user, the North American air quality monitoring market is categorized into government agencies and academic institutes, commercial and residential sectors, petrochemical industry, power generation plants, pharmaceutical industry, and other sectors. Commercial and residential sectors are expected to be the fastest growing end user during the forecast period in the North American AQM industry.

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.

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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 compact-sized 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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