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North America Air Quality Monitoring Market Growth and Trends

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    From $1,590.7 million in 2018, the North American air quality monitoring market is expected to reach a value of $2,628.5 million by 2024. According to the estimates of the market research company, P&S Intelligence, the market will demonstrate a CAGR of 8.8% from 2019 to 2024 (forecast period). The major factors propelling the growth rate of the market are the implementation of a strict regulatory framework for mitigating air pollution levels, growing public awareness about the negative impact of air pollution on human health, and surging air pollution levels in the continent.

    With the mushrooming population of urban people and rapid industrialization, the air pollution levels have surged massively. This has subsequently caused a sharp rise in the incidence of respiratory diseases, including cancerous diseases. According to the Centers for Disease Control and Prevention (CDC), 16 million people in the U.S. are living with chronic obstructive pulmonary disease (COPD). Furthermore, the organization found that around 2.4 million adults aged 18 or above, who had never smoked, had COPD in the U.S. between 2013 and 2017.

    Furthermore, the rising road congestion in urban areas is also responsible for the soaring air pollution levels. As per the Canadian government, pollution is primarily caused by volcano eruptions, volatile organic compound (VOC) emissions, and forest fires. Owing to these factors, the demand for air quality monitoring is surging in North America, which is, in turn, fueling the expansion of the North American air quality monitoring market. As per the estimates of the market research company, P&S Intelligence, the market revenue will grow from $1,590.7 million in 2018 to $2,628.5 million by 2024.

    Furthermore, the market will exhibit a CAGR of 8.8% from 2019 to 2024. Depending on product, the market is divided into outdoor and indoor products. Of these, the outdoor category is predicted to exhibit higher growth rate in the market in the coming years. This will be because of the increasing concerns being raised over acid rain and large-scale industrialization in the region. Furthermore, the indoor category is subdivided into portable and fixed products, with fixed products contributing higher revenue to the market. 

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