The global particle counter market is estimated to grow at a CAGR of ~10.5% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the growing demand to monitor air pollution level, in indoor as well as, outdoor settings. Particle counter measures the concentration of particles in the ambient air, in terms of pollutant, moisture, soot particles, and others, making it an essential tool to measure the air quality index (AQI). The rising concerns for indoor pollution in closed spaces is estimated to drive the market growth. According to the data by the World Health Organization, around 3.8 million people die due to household air pollution every year. Moreover, the trepidations related to spread of coronavirus through particles present in the air, surged the concerns regarding particle concentration within a room, which in turn, is projected to boost the demand for particle counter.
In addition to this, the growing level of air pollution, and hazards related to polluted air are estimated to fuel the market growth. According to the data by the World Health Organization, 99% of the global population breathes the air exceeding WHO guideline limits of air pollutants, and over 7 million deaths are caused by air pollution every year.
The market is segmented by type into aerosol, liquid, dust, and others, out of which, the aerosol segment is anticipated to hold a notable share in the global particle counter market over the forecast period as they are able to rapidly count and determine the size of contaminant particles. Moreover, the aerosol particle counter uses advanced technologies, such as, light scattering or light blocking, which is estimated to boost the segment growth. CLICK TO DOWNLOAD SAMPLE REPORT
In 2018, the world’s total energy supply was 14282 Mtoe, wherein the highest share in terms of source was captured by oil, accounting for 31.6%, followed by coal (26.9%), natural gas (22.8%), biofuels and waste (9.3%), nuclear (4.9%), hydro (2.5%), and other (2.0%). Where there was an increase in energy demand in 2018, the year 2019 witnessed slow growth as the energy efficiency improved owing to decline in the demand for cooling and heating. However, in 2020, the electricity demand decreased by 2.5% in the first quarter of 2020 due to the outbreak of Coronavirus resulting in government imposed shutdowns in order to limit the spread of the virus, which was further followed by shutdown of numerous business operations impacting their growth. This also resulted in decline of 5.8% in the worldwide CO2 emissions which was recorded to be five times larger than the one recorded during the global financial crisis in 2009. However, in 2021, the demand for oil, gas and coal is estimated to witness growth, which is further projected to create opportunities for market growth. Moreover, rising environment degradation and awareness related to climate change is motivating many key players to employ sustainable energy strategies and invest significantly in environment-friendly power generation technologies with an aim to promote sustainable development among various nations around the world. Such factors are anticipated to promote the growth of the market in upcoming years.
On the basis of geographical analysis, the global particle counter market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of rising air pollution level in developing countries, such as, China and India, along with growing government initiatives to reduce household pollution. Moreover, increasing disposable income of the middle class is estimated to boost the demand for particle counter in the region.
The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the high level of air pollution in the US, along with rising awareness amongst people regarding the health hazards caused by air pollution. Moreover, higher adoption of innovative technology, such as, ambient air quality monitoring systems in the region, is estimated to boost the market growth.
The global particle counter market is further classified on the basis of region as follows:
Our in-depth analysis of the global particle counter market includes the following segments:
FREQUENTLY ASKED QUESTIONS
The increasing level of indoor pollution, along with growing health hazards of household pollutants, is estimated to boost the market growth.
The market is anticipated to attain a CAGR of ~10.5% over the forecast period, i.e., 2022 – 2030.
Lack of awareness and high investment cost are estimated to hamper the market growth.
The market in the North America is estimated to provide more business opportunities over the forecast period, on the back of growing health awareness amongst the people.
The major players in the market are Particles Plus, Inc., Met One Instruments Inc., Climet Instruments Company, RION Co., Ltd., Lighthouse Worldwide Solutions, TSI Incorporated, Beckman Coulter Inc., and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, installation, application, end-user, distribution channel, and by region.
The portable segment is anticipated to hold largest market size over the forecast period and display significant growth opportunities.
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