Particulate Matter Sensor Market - Forecast(2021 - 2026)

 Particulate Matter Sensor market is expected to reach $2.5 billion by 2025 at a CAGR of 5.6% during the forecast period 2020-2025. 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 2020-2025.

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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 2019, 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) initiated in 2017
• 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.

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By Type- Segment Analysis 

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 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 2020-2025 

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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 as a part of the National Clean Air Programme (NCAP) initiated in 2017. 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 2020-2025.

By Geography - Segment Analysis

North America dominated the market by a market share of more than 39% in 2019, 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.

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