North America Air Quality Monitoring (AQM) Market | Upcoming Industry Status and Future Prospects, 2012-2022
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.
According to the National Health Interview Survey (NHIS), around 39.5 million Americans were diagnosed with asthma in 2011. Further considering statistics of the American Lung Association, it was found that more than 10 million Americans had chronic bronchitis in 2011. Around 26,100 Canadians were diagnosed with lung cancer in 2014, as per the Canadian Cancer Society’s Steering Committee. Statistics Canada stated that 8.5% of the Canadian population in 2010 was diagnosed with asthma.
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Some of the other 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.