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North America AQM Market - Recent Study Including Growth Factors, Regional Analysis, Key Players and Forecast 2023

North America AQM Market - Recent Study Including Growth

The North American AQM market valued $1.4 billion in 2015 and is expected to attain a value of $2.5 billion by 2022, growing at a CAGR of 8.5% during the period 2016–2022. Between the two types of AQM products, indoor monitors accounted for the larger share in the North American AQM market in 2015, due to their high rate of adoption in pharmaceutical and other industries owing to the need for controlled environment. Based on the type of pollutants monitored in 2015, chemical pollutants monitoring generated the largest revenue in the AQM market, followed by physical and biological pollutants monitoring.

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Among the various sampling methods employed for AQM, the continuous sampling method accounted for the largest share in the North American AQM market in 2015; it is also expected to witness the highest growth in demand, during the forecast period. Government agencies and academic institutes, commercial and residential sectors, petrochemical industry, power generation plants, pharmaceutical industry, and others constitute the end users for AQM products in the region, with government agencies and academic institutes being the largest end users.

The North American AQM market accounted for the largest share in the global AQM market in 2015 mainly due to rising pollution levels in the region, growing number of patients with respiratory disorders, and increasing awareness about environmental and healthcare implications of air pollution. According to the World Health Organization (WHO), approximately 324,000 new cases of lung cancer were reported in North America in 2012 and the number is estimated to reach approximately 541,000 by 2030.

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Some of the other key players operating in the North American AQM market are the 3M Company, General Electric, Thermo Fisher Scientific Inc., TSI Inc., Emerson Electric Co., Teledyne Technologies Inc., Cerex Monitoring Solutions LLC, PerkinElmer, Inc., and Tisch Environmental Inc.

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