Particulate Matter Monitoring Market Anticipates Significant Surge, Forecasted at $2.2 Billion by 2027


Posted January 22, 2024 by avinashgogawale14

With a projected CAGR of 10.8%, the Particulate Matter Monitoring Market is anticipated to increase from USD 1.3 billion in 2022 to USD 2.2 billion by 2027.

 
Forecasts indicate that the Particulate Matter Monitoring Market will develop significantly, rising from USD 1.3 billion in 2022 to USD 2.2 billion by 2027, with a strong compound annual growth rate of 10.8% over the course of the projected period.

According to a recent analysis by MarketsandMarketsTM, this forecast highlights the growing need for sophisticated solutions to monitor and control particulate matter levels in a variety of environments. Particulate matter monitoring technologies are becoming more and more popular due to factors including stricter regulations, greater public health concerns, and expanding environmental concerns. These factors will also help the market develop significantly in the upcoming years.

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In the automotive and transportation industries, the particulate matter sensor is essential for spotting possible leaks in diesel particulate filters. These sensors are used in aircraft engines and are specifically made to track and detect the concentration of non-volatile particulate matter. The particulate matter monitoring market is expected to increase as a result of the growing emphasis on technical improvements in the transportation and automotive industries. The need for efficient monitoring systems to guarantee environmental compliance and maximise engine performance is anticipated to play a major role in the market's growth as these industries continue to change.

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The market for indoor monitoring is expected to grow at a highest CAGR during the forecast period

Over the course of the forecast period, the indoor monitoring category is expected to develop at the fastest compound annual growth rate (CAGR). Monitoring indoor air quality is essential for determining the amount of pollutants present in indoor environments, which is critical for preserving occupant health and productivity. It is essential for a variety of environments, such as commercial, industrial, and residential structures. Indoor monitors are used in clean rooms in a variety of settings, including businesses, hospitals, schools, and semiconductor, food and beverage, and aerospace sectors. With the growing awareness of the substantial effects of indoor air quality on health, particularly in settings where levels of toxins can be up to 100 times higher than outside, there is a growing need for indoor monitoring devices.

The market for opacity technology is expected to grow at a significant CAGR during the forecast period

Over the course of the forecast period, the opacity technology category is expected to increase at a significant compound annual growth rate (CAGR). Opacity technology, which includes both static and dynamic opacity technologies, offers a tried-and-true method of controlling high dust loadings brought on by ongoing combustion operations in steel, cement, and power sectors. By measuring the ratio of signal scintillation to absolute light intensity, dynamic opacity technology offers a clear advantage over traditional opacity technology devices, which measure the intensity of received light. Because it is not impacted by lens contamination, this ratiometric methodology outperforms previous opacity approaches and yields more precise and dependable results in high-dust conditions.

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North America accounted for the largest share of the particulate matter monitoring market in 2021

The market for particle matter monitors saw North America take the lead in 2021. Particulate matter monitor deployment has been enthusiastically accepted by governments in this region, who place a high priority on maintaining human health and a healthy ecosystem. The need for particulate matter monitoring systems is rising as a result of significant expansion in the oil and gas, mining, petroleum, and automotive industries. To maintain air quality regulations and protect human health and the environment, regulatory organisations such as the Environmental Protection Agency (EPA) and several state, tribal, and local agencies actively gather data from these monitors. This cooperative endeavour demonstrates the region's dedication to preserving ideal air quality standards.

The major players includes Thermo Fisher Scientific, Inc. (US), AMETEK (US), Spectris plc (UK), ACOEM Group (France), and Siemens (Germany).

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https://www.globenewswire.com/en/news-release/2022/09/07/2511699/0/en/Particulate-Matter-Monitoring-Market-worth-2-2-billion-by-2027-Exclusive-Report-by-MarketsandMarkets.html

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Last Updated January 22, 2024