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North American Air Quality Monitoring Market is Expected to Generate $2,628.5 Million in Revenue by 2024
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On the basis of product, the North American air quality monitoring market is divided into indoor and outdoor products. The market for outdoor monitoring products is anticipated to experience faster growth during the forecast period (2019–2024), at a CAGR of over 10.0%. Due to increasing acid rain problem and industrialization in the region, the demand for outdoor monitoring products is expected to rise. Further, looking at the indoor category, the market is subdivided into fixed and portable products, out of which the fixed indoor monitoring product category is presently leading it.
Now, coming to the particulate type, the North American air quality monitoring market is classified into fine particles and coarse particulates. The demand for monitoring products that detect fine particle levels, eventually helping people in reducing these, is projected to experience faster growth during 2019–2024 at a CAGR of 10.3%. The growth can be attributed to the increasing amount of particulate matter 2.5 (PM2.5) being discharged by vehicles and industries, which is leading to the rapid adoption of equipment that can detect it.
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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.
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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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