Market Size of South America Air Quality Monitoring Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Air Quality Monitoring Market Analysis
The South America air quality monitoring market is expected to register a CAGR of over 4% during the forecast period.
COVID-19 negatively impacted the market. Presently the market reached the pre-pandemic levels.
- Over the medium term, the market will accelerate shortly due to growing concerns about air quality and the expansion of industrialization across many countries.
- On the other hand, the penetration of cleaner energy sources, such as renewable and nuclear energy, is expected to hinder the market's growth due to a steadily declining demand for the product.
- Nevertheless, technological advancements in air quality monitoring systems provide significant opportunities for developing devices and applications based on the technology. IoT-based equipment, which operates interactively and uses new technologies to communicate and deliver data, is in vogue.
- Brazil dominates the market and will likely witness the highest CAGR during the forecast period. This growth is attributed to the increasing urbanization and industrialization in the country.
