The particulate matter monitoring market size is expected to advance at a CAGR of 11.0% during 2024–2030, to reach USD 2,969.3 million by 2030. This is ascribed to the advancements in the technologies used to monitor the air quality, which creates opportunities for the players to innovate their offerings.
The focus on indoor air quality monitoring is growing considerably as it helps in the detection of pollutants in closed spaces. This approach continues to be adopted in industrial, residential, and many other indoor locations, including hospitals, offices, schools, and shopping malls.
The rise in the adoption of particulate matter monitoring systems because of the increase in the focus on workplace safety in various industries, such as automotive, oil and gas, and manufacturing, also propels the market.
The increasing air pollution can create imbalance in the environment, influence the atmosphere, result in acid rain, affect health, and intensify global warming. In megacities, such as Salo Paulo, Shanghai, Onitsha, Aba, Delhi, Zabol, Beijing, Riyadh, Kolkata, and Dhaka, the level of pollution is growing. This is partly because automobiles emit toxic gases, including carbon monoxide and sulfur dioxide. The PM present in the atmosphere is highly toxic and can cause cancer because it has the ability to penetrate deep into the lungs and bloodstream. This can cause permanent damage to the DNA and mutations, which can even cause heart attacks.
The market in APAC is expected to showcase a CAGR of 11.7% in the forecast period, ascribed to the growing air pollution levels and increasing demand for automobiles. Further, due to the growth in the rate of industrialization in developing countries, the situation is becoming critical. Factories emit high amounts of chemical pollutants, some of which can be fatal.
Further, as per government reports that as of May 2023, out of the 40 most-polluted cities in the world, 20 are in Asia-Pacific. Most of them are located in India, Japan, and China, which are highly industrialized and urbanized.
Therefore, the Union Ministry of Electronics and Information Technology has inaugurated a new technology for air quality monitoring for PM1.0, PM10, PM2.5, nitrogen dioxide, carbon monoxide, and many more pollutants. With further technological advancements, the efficiency of PM monitoring devices will increase even more, and they will see wider adoption at the organizational and individual levels.
Similarly, in November 2021, the Government of Vietnam implemented the National Plan for Air Quality Management (2021–2025). Its aim is to control emissions from automobiles, industries, construction activities, and agriculture by installing continuous automatic emission checking systems.
The most-significant particulate matter monitoring market players are Thermo Fisher Scientific Inc., AMETEK Inc., Honeywell International Inc., Horiba Ltd., Sick AG, Spectris Group, Teledyne Monitor Labs, and Aeroqual.