The particulate matter sensor market is estimated to grow with a moderate CAGR during the forecast period, i.e., 2021-2029. The increasing amount of air pollution and the need to systems to measure the air quality of a region are expected to aid the growth of the market. The particulate matter sensors are capable of monitoring particles of various sizes ranging from 10PM, 2.5PM and even smaller. The PM2.5 and PM10 are supposed to be the most dangerous air pollutants to human life and pose a serious threat of disease such as stroke, heart disease, lung cancer, chronic obstructive pulmonary diseases and respiratory infections among the humans. The growth of the market can be attributed to the growing need to measure the pollutants present in the air. In this regard, stringent government regulations imposed by many countries to curb the levels of air pollution originating from various industries is increasing the deployment of PM sensors in the industries and driving the market. As per OurWorldInData.org, air pollution is responsible for 5 million deaths each year, almost 9% (nearly 1 out of 10) deaths - this varies from 2% to 15% by country.
The market is segmented based on type into PM2.5, PM10, and others out of which, the PM2.5 segment is anticipated to grab the larger share by the end of 2021 on account for higher risks involved from inhalation of polluted air as they enter into the deeper parts of lung and require to be monitored more than the other particulate matter. Moreover, stringent regulations by various regulatory bodies for the annual and daily levels of PM2.5 in the air is also projected to contribute to the growth of the segment during the forecast period. CLICK TO DOWNLOAD SAMPLE REPORT
On the basis of end user, the government segment in the global particulate matter sensor market is projected to grow with a significant CAGR over the forecast period. The growth of the segment can be attributed to the fact that stringent air quality regulations and governmental investment in appropriate air quality management partnered with government ventures with private players to monitor and reduce air pollution in various regions is driving the demand for particulate matter sensors. Clean Air Partners, founded by Baltimore Metropolitan Council and the Metropolitan Washington Council of Governments, is a partnership that educates residents of the Baltimore-Washington region about the risks of poor air quality and how to reduce pollution.
Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. The market in the Asia Pacific is predicted to grow at the highest CAGR over the forecast period owing to the decreasing air quality of the region along with the increasing awareness and regulations around the risks and effects of poor air quality and improving it. Furthermore, in 2021, the market in North America is evaluated to occupy the largest share in terms of revenue, owing to the presence of stringent and well established laws and regulations by the U.S. EPA (Environmental Protection Agency) and Canada’s CEAA (Canadian Environmental Assessment Agency). Along with this, the North America has a high number of smart city initiatives and developed industrial clusters that deploy air quality sensors which is expected to drive the market for particulate matter sensors. Alternatively, the market in Europe is also anticipated to occupy a significant share in the particulate matter sensor market on account of strict policies similar to the North America region regarding working conditions and air quality monitoring, along with the financial resources to aid the deployment of monitoring systems.
The global particulate matter sensor market is further classified on the basis of region as follows:
Our in-depth analysis of the global particulate matter sensor market includes the following segments:
FREQUENTLY ASKED QUESTIONS
Increasing amount of air pollution regulations and the rising application of the sensors in air quality measurement systems
The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2021-2029.
High cost of boarding and upkeep, and the need for skilled personnel are estimated to hamper the growth of the market.
The market in Asia Pacific region will provide ample growth opportunities owing to the high amount of air pollution in the region and increasing regulations and laws by the regional governments and regulatory bodies to curb it.
The major players dominating the Particulate Matter Sensor market are Delphi, Honeywell, Sensirion AG, Sensidyne, Robert Bosch GmbH, Aeroqual, Shinyei Technology Co., Ltd., among others.
The company profiles are selected on the basis of 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, end user, and region.
With respect to application, the government segment is anticipated to hold the largest market share owing to increasing regulations and laws and initiatives by the government to curb air pollution.
Select License Type
Direct access to analyst to help you understand the market in a better way to handle your critical question
Citing your business specific requirement our consultant would assist you ensuring targeted goal is achieved
Get 10% free customization