Air Quality Monitoring (AQM) Market in North America
The 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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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.
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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Some of the 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.
Source: P&S Intelligence
