Press release
Global Particulate Matter Monitoring Market Projected to Surpass $2.77 Billion by 2029 with 12% Annual Growth
The expansion of the oil and gas industry is anticipated to fuel the rise of the particulate matter monitoring market. The oil and gas industry involves a complex process that includes resource discovery, transportation to a refinery and its transformation into a final product. Within the oil and gas sector, a continuous emission monitoring system (CEMS) is necessary for determining the concentration of gas or particulate matter, or the rate of emission. For example, in September 2023, according to the UK government's statistics on revenues from oil and gas production, earnings from oil and gas production was $1.708 billion (£1.4 billion) in the tax year 2021 to 2022. This compares to the $366 million (£0.3 billion) earned in the previous year, marking an increase of $1.34 billion (£1.1 billion). Consequently, the growth of the oil and gas industry is a key driver in the expansion of the particulate matter monitoring market.
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What is the future CAGR of the particulate matter monitoring market, and how will it impact industry expansion?
The market size for monitoring particulate matter has expanded swiftly in the past few years. It is projected to rise from $1.56 billion in 2024 to $1.75 billion in 2025, showcasing a compound annual growth rate (CAGR) of 12.2%. The surge during the historic period can be credited to factors such as control of industrial emissions, growth in population and urbanization, heightened public consciousness and concerns about the environment, government efforts focused on enhancing air quality and the evolution of smart cities.
In the upcoming years, the market size for particulate matter monitoring is anticipated to experience substantial growth, projected to reach $2.77 billion in 2029 with a compound annual growth rate (CAGR) of 12.2%. The anticipated growth within the forecast period is due to worldwide commitments to fight against climate change, concentration on integrating environmental data, public health programs, emphasis on indoor air quality, readiness for global health crises, and developments in data analytics. Foreseen trends throughout this period entail the incorporation of sensor technologies, networks for monitoring air quality, technological enhancements in monitoring apparatus, collaborations, and partnerships, along with the use of satellite-based monitoring and real-time data presentation.
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What are the most significant trends transforming the particulate matter monitoring market today?
Progress in particulate matter monitoring technology is an emerging trend in the particulate matter monitoring market. Most of the dominating firms in this market are shifting their focus towards the integration of more innovative solutions. For example, TSI, a company based in the US and a key player in the particulate matter monitoring market, announced improvements to its respirable silica monitoring on the SidePak AM520 Personal Aerosol Monitor in May 2022. The revamped product offers unique capabilities such as capacity to store up to 10 customer-specific calibration factors in the device, dual display, data tracking for respirable silica mass concentration and other Diesel Particulate Monitoring (DPM) applications, and upgraded alarm features for setting both the mass concentration and response concentration (that is, action limit) alarm values.
Which key market segments comprise the particulate matter monitoring market and drive its revenue growth?
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
Subsegments:
1) By Indoor Monitoring: Portable Indoor Monitors, Fixed Indoor Monitoring Systems
2) By Outdoor Monitoring: Stationary Outdoor Monitors, Mobile Outdoor Monitoring Systems
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What regions are at the forefront of particulate matter monitoring market expansion?
North America was the largest region in the particulate matter monitoring market in 2024. The regions covered in the particulate matter monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the particulate matter monitoring market?
Major companies operating in the particulate matter monitoring market include Aeroqual Ltd., Met One Instruments Inc., Rupprecht & Patashnick Co. Inc., Pegasor Oy, Ecotech Pty Ltd., Environnement SA, Testo AG, KANOMAX USA Inc., Palas GmbH, Monitoring Solutions LLC, PerkinElmer Inc., Teledyne Technologies Incorporated, Tisch International Incorporated, Opsis AB, ACOEM Group, GRIMM Aerosol Technik GmbH & Co. KG, MSP Corporation, GrayWolf Sensing Solutions, FLIR Systems Inc., Naneos GmbH, Particle Measuring Systems, MCZ Centrum s.r.o., Sintrol, Nephelometer Systems Ltd.
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What Is Covered In The Particulate Matter Monitoring Global Market Report?
• Market Size Forecast: Examine the particulate matter monitoring market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the particulate matter monitoring market for a structured understanding.
• Key Players Overview: Analyze major players in the particulate matter monitoring market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the particulate matter monitoring market.
• Segment Contributions: Evaluate how different segments drive overall growth in the particulate matter monitoring market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the particulate matter monitoring market.
• Industry Challenges: Identify potential risks and obstacles affecting the particulate matter monitoring market.
• Competitive Landscape: Review strategic developments in the particulate matter monitoring market, including expansions, agreements, and new product launches.
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