The Latin America Air Quality Monitoring Market is projected to grow at a CAGR of 6% in the forecast period of 2022-27, reveals MarkNtel Advisors in their recent research report. The market is driven principally by the increasing support from the governments of different Latin American countries taking various initiatives for improving the air quality & reducing the alarming pollution levels, coupled with massive investments in bringing innovations in the air quality monitoring systems for continuous air filtration.
In addition, initiatives like green building projects & addressing concerns associated with the rising environmental issues are also anticipated to fuel the demand for air quality monitoring devices & drive the Latin American market in the coming years.
Besides, the surging awareness among people about the harmful respiratory diseases caused by air pollution is also playing a crucial role in boosting the demand for these devices. Moreover, several companies are installing these systems at their facilities to improve the air quality within their premises, thereby driving the market, further states the research report, “Latin America Air Quality Monitoring Market Analysis, 2022.”
Outdoor Devices to Observe Rapidly Growing Deployment through 2027
The growing availability of compact & portable air quality monitoring devices, coupled with substantial investments by leading players & governments of different countries in developing affordable air quality monitoring systems to address numerous concerns associated with the mounting pollution levels, are the prime aspects driving the demand for Outdoor air quality monitoring devices through 2027.
Besides, with increasing industrial activities & soaring pollution levels, the demand for pollution monitoring systems is also anticipated to significantly surge across numerous end-user sectors like petrochemical, government agencies & academic institutes, commercial & residential users, power generation plants, pharmaceuticals, etc., and, in turn, would fuel the overall market growth during 2022-27.
With Mounting Concerns over Increasing Air Pollution Levels, Brazil to Witness a Significant Boost in the Demand for Air Quality Monitoring Systems through 2027
Geographically, Brazil is anticipated to observe considerable market growth during 2022-27. It owes primarily to rapid industrialization & urbanization in the country, i.e., resulting in immense air pollution levels & intensifying environmental concerns, particularly across cities like Rio de Janerio & São Paulo.
In addition, the government is laying out stringent regulations, policy initiatives & setting up targets to reduce the Green House Gas (GHG) emissions with massive deployment of air quality monitoring devices & improve air quality. Hence, Latin America Air Quality Monitoring Market has a profitable prospect across Brazil during 2022-27, reveals MarkNtel Advisors in their research report, "Latin America Air Quality Monitoring Market Analysis, 2022."
Leading Companies in the Market
According to MarkNtel Advisors, the leading players in the Latin America Air Quality Monitoring Market are Thermo Fisher Scientific, Teledyne Technologies, Horiba, Cerex Monitoring Solutions, Aeroqual, Ecotech ACOEM Group, General Electric, 3M, Honeywell.
Key Questions Answered in the Study