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North America Air Quality Monitoring Market Research Report, 2012-2022

North America Air Quality Monitoring Market Growing at a CAGR of 8.5% During the Period 2016–2022.
Rahul Gautam | 31.07.2018
North America AQM Market © Rahul Gautam
The North American AQM market valued $1.4 billion in 2015 and is expected to attain a value of $2.5 billion by 2022, growing at a CAGR of 8.5% during the period 2016–2022.

Between the two types of AQM products, indoor monitors accounted for the larger share in the North American AQM market in 2015, due to their high rate of adoption in pharmaceutical and other industries owing to the need for controlled environment. Based on the type of pollutants monitored in 2015, chemical pollutants monitoring generated the largest revenue in the AQM market, followed by physical and biological pollutants monitoring.

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The North American AQM market accounted for the largest share in the global AQM market in 2015 mainly due to rising pollution levels in the region, growing number of patients with respiratory disorders, and increasing awareness about environmental and healthcare implications of air pollution. According to the World Health Organization (WHO), approximately 324,000 new cases of lung cancer were reported in North America in 2012 and the number is estimated to reach approximately 541,000 by 2030.

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Technological advancements by scientists and engineers in the field of AQM are changing the way air quality is monitored. Low-cost, portable air sensors are being developed to monitor pollutants in the air, especially in roadways, rail yards, ports, and industrial areas that abide by air quality standards. However, limitations of AQM products, such as limited temporal and spatial coverage by air quality monitors hindering the complete assessment of air pollutants and their health hazards, are impeding their market growth in the region.

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Some of the key players operating in the North American AQM market are the 3M Company, General Electric, Thermo Fisher Scientific Inc., TSI Inc., Emerson Electric Co., Teledyne Technologies Inc., Cerex Monitoring Solutions LLC, PerkinElmer, Inc., and Tisch Environmental Inc.