Particulate Matter Sensor Industry - Regional Synopsis
Geographically, the particulate matter sensor market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. Asia Pacific industry is poised to account for largest revenue share by 2037, owing to decreasing air quality in the region, along with increasing awareness and regulations around the risks and effects of poor air quality and improving it.
Furthermore, in 2021, the market in North America is evaluated to occupy the largest share in terms of revenue, owing to the presence of stringent and well established laws and regulations by the U.S. EPA (Environmental Protection Agency) and Canada’s CEAA (Canadian Environmental Assessment Agency). Along with this, the North America has a high number of smart city initiatives and developed industrial clusters that deploy air quality sensors which is expected to drive the market for particulate matter sensors. Alternatively, the market in Europe is also anticipated to occupy a significant share in the particulate matter sensor market on account of strict policies similar to the North America region regarding working conditions and air quality monitoring, along with the financial resources to aid the deployment of monitoring systems.
