Particulate Matter Sensor Market - Forecast(2024 - 2030)
Particulate Matter Sensor Market Overview
Particulate Matter Sensor market is
expected to reach $3.8 billion by 2030 at a CAGR of 6.1% during
the forecast period 2024-2030. Owing to the advantages the dramatic
decline in the air quality across the globe is expected to be the primary
driver for the growth of the particulate matter sensor market. Similarly,
rising health concerns among the individuals arising due to the poor quality is
also one of the factors assisting the market growth. Moreover, the governments
of various countries across the globe are taking severe measures in order to
combat pollution. These governments conduct tests at various locations with the
help of air quality monitoring systems and impose restrictions in
order to prevent air pollutants from exceeding the prescribed limits. Hence
these initiatives and benefits accelerate the particulate matter sensor size in
the forecast period 2024-2030.
The increasing global awareness regarding air quality issues has spurred a surge in demand for Particulate Matter (PM) sensors, especially in urban regions grappling with high pollution levels. This heightened environmental consciousness has propelled the Particulate Matter Sensor Market forward, as governments, industries, and individuals seek effective solutions to monitor and mitigate air pollution. Urban areas, in particular, are witnessing a significant uptick in the adoption of PM sensors, driven by the pressing need to address air quality concerns and safeguard public health.
Key Takeaways
- PM2.5
is growing at a highest CAGR of 8.5% in the forecast period owing to the
advantages of performing more accurately in a variety of tough industrial
environments and having ability to respond any environmental conditions in
real-time.
- North
America dominated the market by a market share of more than 39% in 2023,
owing to stringent and well-established pollution control laws and
regulations by the U.S. Environmental Protection Agency (EPA) and Canada’s
Canadian Environmental Assessment Agency (CEAA).
- Government
of India is aiming to install 300 real-time air quality monitoring systems
across the country by 2024 as a part of the National Clean Air Programme
(NCAP).
- Particulate Matter Sensor top 10 companies include Infineon Technologies AG, Sensidyne, AMETEK Land, Delphi Technologies, Robert Bosch GmbH, Thermo Fisher Scientific, Yokogawa Electric Corporation, Tritech, Airy Technology, Inc., Honeywell among others.
By Type- Segment Analysis
PM2.5 is growing at a highest CAGR of
7.5% in the forecast period owing to the advantages of performing more
accurately in a variety of tough industrial environments and having ability to
respond to any environmental conditions in real-time. With the rapid
advancements in Sensors, several companies have been developing Particulate
matter sensors with advanced features. For instance, Sensirion SPS30
particulate matter (PM) sensor marks a new technological breakthrough that will
enable the implementation of innovative air quality monitoring devices that
prevent air pollution damage. Similarly, HPM Series PM2.5 Particulate Matter
Sensors provide information on the particle concentration for a given particle
concentration range. Owing to these features developed by several OEM’s, many
industry verticals have been choosing PM2.5 for efficient functioning. Hence
these advancements are analysed to drive the market for PM2.5 thereby
accelerating the market for particulate matter sensor market in the forecast
period 2024-2030
By Industry Vertical - Segment
Analysis
Government sector is growing at a CAGR of 4.4% in the forecast period. The large share of this segment can be attributed to the presence of stringent environmental regulations, rising government investments for effective AQM, and increased installation of AQM stations worldwide. Several collaborations have been made by government agencies and private organizations to reduce and particulate in air. For instance, Honeywell International Inc. and Intel Corporation are collaborating with government agencies in major countries for the protection of the environment. As these partnerships are aimed at developing sensor network and intelligent systems for monitoring the quality of air, the significant funding helps the market grow significantly in the forecast period. Additionally with the rise in pollution from several industries, the governments of several countries are installing air quality monitoring systems. For instance, Metropolitan Washington Council of Governments in partnership with Maryland Department of Transportation, Baltimore Metropolitan Council, and WGL Holdings, Inc. founded Clean Air Partners. Clean Air Partners has deployed monitoring systems across the Baltimore-Washington region and provides current and forecasted air quality data of the area. Similarly, Government of India is aiming to install 300 real-time air quality monitoring systems across the country by 2024. Additional government initiatives for development smart cities consist of digitalization of a city’s infrastructure, are also expected to drive product demand. These initiatives are aimed at installing air quality monitoring systems and will thereby accelerate the market for Particulate matter sensor market in the forecast period 2024-2030.
By Geography - Segment Analysis
North America dominated the market by a market share of more than 39% in 2023, owing to stringent and well-established pollution control laws and regulations by the U.S. Environmental Protection Agency (EPA) and Canada’s Canadian Environmental Assessment Agency (CEAA). According to World Health Organization (WHO) reports airborne particulate matter has the biggest environmental risk to health, with responsibility for about one in every nine deaths annually. Hence in order to reduce the effect, EPA, CEAA and other control laws have been implementing several regulations. Internal policies regarding safe working conditions and pollution monitoring, along with steady availability of financial resources, is anticipated to drive the deployment of Particulate matter sensors in North America. Moreover, high number of smart city initiatives and presence of several developed industrial manufacturing clusters are also anticipated to drive the deployment of Particulate matter sensors in the region.
Drivers – Particulate Matter Sensor Market
- Stringent
government regulations
The rise in level of air pollution and growth in industrialization worldwide has led to increase in the level of air pollution with addition of contaminants such as particulate matter. Owing to these contaminants governments of several countries has made stringent regulations in their respective regions and formulated different regulation to curb the level of air pollution originated from industrial areas. Similarly, the governments have made industries such as Automotive, oil & gas and power generation plants have to comply with such regulations through the deployment of particulate matter sensors to control and monitor the level of pollutants. Moreover, developing countries have also taken initiatives to monitor the level of air pollutants. Therefore, the government regulations are projected to boost the demand of Particulate matter sensor market in the forecast period 2024-2030.
- Rising
adoption and easy integration of Particulate matter sensor
In recent years, particulate matter
(PM) sensors have been intensively used as an alternative device for air
quality measurement due to their price advantage, moderate accuracy, and
portable size. The accuracy of these sensors has made several companies adopt
these sensors. Adding to this, integration of PM sensors with drones or other
unmanned vehicles for sampling environments in a network for spatiotemporal air
quality measurements or personal monitor for exposure estimation will also
drive the market. Moreover, with the emergence of artificial intelligence,
various companies have been developing sensors to detect particulate matter
using machine learning methods. Hence these advantages are analysed to
drive the market in the forecast period
Challenges – Particulate Matter Sensor Market
- High
Costs and availability of alternative products
Although Particulate matter sensor
market is analyzed to grow at a significant rate, the high maintenance costs
are set to hamper the growth of the market. Additionally, the availability of
cheap and alternatives products such as HEPA and other in the market to measure
the air quality is said to be a major restraint for the market growth of
Particulate Matter Sensor.
Market Landscape
Technology launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Particulate Matter Sensor market. In 2023, the market of Particulate Matter Sensor has been fragmented with several companies vying for top share. Particulate Matter Sensor top 10 companies include Infineon Technologies AG, Sensidyne, AMETEK Land, Delphi Technologies, Robert Bosch GmbH, Thermo Fisher Scientific, Yokogawa Electric Corporation, Tritech, Airy Technology, Inc., and Honeywell among others.
Acquisitions/Technology Launches
- In May 2022, TSI Inc introduced the Sidepak AM520, a personal aerosol monitor, expanding their portfolio of particulate matter sensors. This launch signifies TSI's commitment to providing innovative solutions for real-time monitoring of airborne particles, catering to the growing demand for accurate air quality assessment in various industries.
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1. Global Particulate Matter Sensor -
Market Overview
1.1 Definitions and
Scope
2. Global Particulate Matter Sensor
Market - Executive Summary
2.1 Market Revenue,
Market Size and Key Trends by Company
2.2 Key trends by type
2.3 Key trends
segmented by geography
3. Global Particulate Matter Sensor
Market - Market Forces
3.1 Market Drivers
3.2 Market Constraints
3.3 Market Opportunities
3.4 Porters five force
model
3.4.1
Bargaining power of suppliers
3.4.2
Bargaining powers of customers
3.4.3
Threat of new entrants
3.4.4
Rivalry among existing players
4. Global Particulate Matter Sensor Market- Startup companies Scenario Premium
4.1 Top 10 startup
company Analysis by
4.1.1
Investment
4.1.2
Revenue
4.1.3
Market Shares
4.1.4
Market Size and Application Analysis
4.1.5
Venture Capital and Funding Scenario
5. Global Particulate Matter Sensor Market - Industry Market Entry Scenario Premium
5.1 Regulatory
Framework Overview
5.2 New Business and
Ease of Doing business index
5.3 Case studies of
successful ventures
5.4 Customer Analysis -
Top 10 companies
6. Global Particulate Matter Sensor Market -Strategic
analysis
6.1 Value chain analysis
6.2 Opportunities analysis
6.3 Product/Market life cycle
6.4 Distributors Analysis - Major Companies
7. Global Particulate Matter Sensor Market–
By Type (Market Size -$Million/Billion)
7.1 PM1.0
7.2 PM2.5
7.3 PM4.0
7.4 PM10
8 Global Particulate Matter Sensor
Market – By Application (Market Size -$Million/Billion)
8.1 HVAC
8.2 Indoor air quality
monitors
8.3 Handheld air
quality monitors
8.4 Air purifiers
8.5 Automotive cabin
air purifiers
8.6 Others
9 Global Particulate Matter Sensor Market
– By End User (Market Size -$Million/Billion)
9.1 Automotive
9.2 Aerospace and
Defense
9.3 Industrial
9.4 Medical
9.5 Government
9.6 Oil & Gas
9.7 Others
10 Global Particulate Matter
Sensor Market – By Geography (Market Size -$Million/Billion)
10.1 North America
10.1.1
U.S
10.1.2
Canada
10.1.3
Mexico
10.2 South America
10.2.1
Brazil
10.2.2
Argentina
10.2.3
Chile
10.2.4 Rest
of South America
10.3 Europe
10.3.1
U.K
10.3.2
Germany
10.3.3
France
10.3.4 Italy
10.3.5
Others
10.4 APAC
10.4.1
China
10.4.2
India
10.4.3
Japan
10.4.4
Singapore
10.4.5
Malaysia
10.4.6
South Korea
10.4.7
Others
10.5 ROW
10.5.1
Middle East
10.5.2
Africa
11 Global Particulate Matter Sensor
Market – Entropy
12. Global Particulate Matter Sensor Market – Industry Competition Landscape
12.1 Market Share at Global Level- Major
companies
12.2 Market Share by Key Region- Major
companies
12.3 Market Share by Key Country- Major
companies
12.4 Market Share by Key Product Type/Product
category- Major companies
13. Global Particulate Matter Sensor Market - Key Company List by Country
13 Global Particulate Matter Sensor
Market - Company Analysis
13.1 Delphi
13.2 Honeywell
13.3 Thermo Fisher
Scientific
13.4 Infineon
Technologies
13.5 Yokogawa Electric
Corporation
13.6 Airy
Technology
13.7 Sensidyne
13.8 AMETEK
13.9 Robert Bosch GmbH
13.10 NGK Spark
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