The global market for PM 2.5 monitors market was large in 2020 and is expected to continue to grow at a rapid pace between 2021 and 2028. This growth is driven by several factors, including rapid urbanization, increasing levels of air pollution, supportive government legislation, attempts to develop environmentally friendly products, rising public awareness of environmental and health consequences of air pollution, and increasing public-private financing for air pollution monitoring. Particulate matter (PM) is a mixture of solid particles and liquid droplets in the air, and different sizes of PM, such as PM2.5 and PM10, need to be monitored to understand their health impacts. The economic costs of PM pollution are significant due to lower productivity and higher healthcare costs. High pricing and technological difficulties of air quality monitors, as well as expensive installation and maintenance costs, are limiting factors for market growth. The market is segmented by product type, with the TEOM monitor segment holding the highest market share, and by end-use, with the indoor monitoring segment holding the largest share. North America is the largest market for PM 2.5 monitors, while the Asia Pacific region is expected to register the fastest revenue CAGR over the forecast period due to rapid urbanization, a significant rise in population, and increasing government regulations to control pollution. Major companies operating in the market include Emerson Electric Co, General Electric Company, Siemens AG, Testo AG, 3M Company, Horiba Ltd, Merck KGaA, Teledyne Technologies Inc, and Servomex Group Ltd.
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PM 2.5 Monitor Market: Drive factors
The PM 2.5 monitor market is driven by several factors, including increasing awareness about air pollution and its adverse health effects, growing industrialization and urbanization, and stringent regulations regarding air quality monitoring.
The rising levels of air pollution, especially in developing countries, have led to a significant increase in respiratory illnesses and other health problems. This has led to an increased demand for PM 2.5 monitors, which can measure the levels of fine particulate matter in the air and help people make informed decisions about their health.
The growing industrialization and urbanization have also contributed to the demand for PM 2.5 monitors. As more industries and cities are being developed, the levels of air pollution are also increasing, which has led to the need for effective air quality monitoring systems.
Furthermore, various governments and regulatory bodies across the world have implemented strict regulations to monitor and control air pollution. This has resulted in the increased demand for PM 2.5 monitors, which are considered to be an essential tool for monitoring air quality and ensuring compliance with regulations.
Overall, the PM 2.5 monitor market is expected to grow in the coming years, driven by the increasing awareness about air pollution and its health effects, urbanization and industrialization, and regulatory requirements for air quality monitoring.
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