Growth in Air Quality Initiatives Boosts Particulate Matter Monitoring Industry to $2,969.3M by 2030

NEW YORK - July 26, 2024 - PRLog -- The particulate matter monitoring industry size stands at a projected USD 1586.7 million in 2024, and it is projected to grow at a CAGR of 11.0% over the projection period, to attain USD 2,969.3 million by the end of the decade.

In the world, the quality of the air determines the rate of the deterioration of climate. Most of the air pollution is caused by the combustion of fossil fuels which releases greenhouse gases into the atmosphere. Thus, there are long- and short-term emission reduction policies that have been adopted to reduce the polluting effects on the environment and the health of people.

All over the world, the level of part per million of particulate matter is closely scrutinized for feeding the data on the quality of the air to the local, state, and federal authorities. This is done to prevent people from breathing polluted air and also to punish industries and other entities for not meeting national emission and air quality standards.

The market revenue has also been on the rise due to a high industrialization rate in most countries of the world. Since industrialization can only occur when a sufficient labor force exists, as you will see, many people migrate to urban areas from rural areas.

Browse detailed report analysis on "Particulate Matter Monitoring Market Share and Forecast Report, 2030 (https://www.psmarketresearch.com/market-analysis/particul...)"

Key Insights

• The power generation category grips the largest end-use share, 30%, because of the emission of huge quantities of contaminants during power generation.
• Waste from industries, municipalities, biomass, and fossil fuels contributes to around 60% of worldwide energy generation.
• The oil and gas sector releases contaminants like nitrogen oxide, sulfur dioxide, carbon monoxide, carbon dioxide, VOCs, and hydrogen sulfide.
• As per the U.S. EPA, pollutant emissions decreased by 78% between 1970 and 2022 because of effective monitoring methods.
• Light scattering technology holds the largest share, 35%, due to strict environmental regulations and its precision in monitoring particulate matter emissions.
• Beta attenuation technology is growing rapidly, known for detecting PM2.5 and PM10 levels, which are monitored by regulatory agencies worldwide.
• North America leads the particulate matter monitoring market, projected to be worth USD 1.4 billion by 2030.
• The U.S. holds the leading position in North America, with a CAGR of 11.3%, due to key players' presence and rising awareness of safe air.
• Technological advancements in particulate matter monitoring systems contribute to revenue growth in the U.S.
• U.S. EPA's Clean Air Act and Acid Rain Program are key regulations controlling power generation and transportation's environmental impact.