Latin America Air Quality Monitoring System Market Size & Outlook
Latin America air quality monitoring system market, 2017-2030 (US$M)
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Latin America air quality monitoring system market highlights
- The Latin America air quality monitoring system market generated a revenue of USD 205.6 million in 2023.
- The market is expected to grow at a CAGR of 7.6% from 2024 to 2030.
- In terms of segment, outdoor air quality monitoring systems was the largest revenue generating product type in 2023.
- Indoor Air Quality Monitoring Systems is the most lucrative product type segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 205.6 million |
| Market revenue in 2030 | USD 344.0 million |
| Growth rate | 7.6% (CAGR from 2023 to 2030) |
| Largest segment | Outdoor air quality monitoring systems |
| Fastest growing segment | Indoor Air Quality Monitoring Systems |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Indoor Air Quality Monitoring Systems, Outdoor Air Quality Monitoring Systems |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.8% of the global air quality monitoring system market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,459.3 million by 2030.
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Air Quality Monitoring System Market Scope
Air Quality Monitoring System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America air quality monitoring system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to air quality monitoring system market will help companies and investors design strategic landscapes.
Outdoor air quality monitoring systems was the largest segment with a revenue share of 65.86% in 2023. Horizon Databook has segmented the Latin America air quality monitoring system market based on indoor air quality monitoring systems, outdoor air quality monitoring systems covering the revenue growth of each sub-segment from 2017 to 2030.
The market growth is primarily fueled by the increasing concern over environmental degradation and air pollution resulting from rapid urbanization and industrialization. Governments across the region are implementing stricter air quality regulations and standards, pushing for enhanced monitoring infrastructure to effectively address and mitigate pollution levels.
For instance, in 2022, the region launched the Actions on Air Quality in Latin America and the Caribbean 2022–2025 and the Regional Strategy for Climate Change for the Central America Region (2021–2025) with action statements on air quality.
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Our clientele includes a mix of air quality monitoring system market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America air quality monitoring system market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America air quality monitoring system market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America air quality monitoring system market size, by country, 2017-2030 (US$M)
Latin America Air Quality Monitoring System Market Outlook Share, 2023 & 2030 (US$M)
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