Meticulous Research®–
leading global market research company published a research report titled “Environmental
Monitoring Market by Product
{[Monitor (Fixed, Portable)], Sensors [Type (Analog, Digital), Component (Particulate,
Chemical, Humidity, Noise), Software]}, Sampling Method (Continuous Monitoring,
Active), Application - Forecast to 2025”. According to this
latest publication from Meticulous Research®, the global
environmental monitoring market is expected to grow at a CAGR of 7.5% from 2019
to reach $21.08 billion by 2025.
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The high growth of environmental
monitoring market is mainly attributed to the increasing government funding,
development of policies and initiatives to reduce environmental pollution
levels, rising installations of environmental monitoring stations, and
increased public awareness regarding the environmental pollution. The use of
Internet of Things (IoT) technology and nanotechnology for environmental
monitoring products and use of unmanned aerial vehicles for remote
environmental sensing offer significant growth opportunities for the players
operating in this market. However, high cost, trade barriers on environmental
technologies, and slow adoption& implementation of pollution control policies
in emerging countriesare the key factors expected to hinder the adoption of
environmental monitoring products over the coming years.
Key Market Segments to Watch
The global environmental monitoring
market study presents historical market data in terms of values (2017 and
2018), estimated current data (2019), and forecasts for 2025-by
Product{[Monitor (Fixed, Portable)], Sensors [Type (Analog, Digital), Component
(Particulate, Chemical, Humidity, Noise), Software]}, Sampling Method
(Continuous monitoring, Active), Application.The study also evaluates industry
competitors and analyzes the market at regional and country level.
On the basis of product, the
environmental monitoring sensorssegment accounted for the largest share of this
market in 2018. The large share of this segment is mainly attributed toease of
equipment handling and their advantages such as operational flexibility,
versatility, small equipment size, low maintenance cost. The growth in this
market is driven by growing adoption of environmental monitoring technologies
among different industry segments and technological advanceslike
miniaturization of sensors and sensor components. Among the environmental
monitoring sensorsmarket by component, particulate detectionsegmentaccounted
for the largest share in 2018. The rising levels of atmospheric particulate
matter-PM2.5 and PM10 in the air, rise in air pollution due to increasing
industrialization and urbanization, and increasing government restrictions to
prevent air pollutants from exceeding the prescribed limits supported the
largest share of this segment in 2018.
On the basis of sampling, the
continuous monitoringsegment accounted for the largest share of this market in
2018. The large share of this segment is mainly attributed to their adoption owing
to its ability to analyze the pollutants at a faster rate, to detect the
increasing or decreasing pollutant concentration within time, ability to ensure
fast corrective action, increased public access to information, and improved
control over the impacts on the environment.
On the basis of application, air
pollution monitoring segment accounted for the largest share of the
globalenvironmental monitoring market in 2018.The large share of this segment
is attributed todevelopment of environment-friendly industries, increasing
public awareness related to the environmental and healthcare implications of
air pollution, and increasing public-private funding towards development of air
pollution monitoring technologies. Also, the growing pressure on governing bodies
to put forth strict guidelines and regulations to control air pollutionfrom
rapid industrializationis supporting the growth in this segment.
This research report analyzes major
geographies and provides comprehensive analysis for North America (U.S., Canada),
Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific
(Japan,China, India, and RoAPAC), Latin America, and Middle East & Africa.
North America commanded the largest share of the globalenvironmental monitoring
market in 2018, followed by Europe and Asia Pacific. However, Asia Pacific
region is expected to grow at the highest CAGR during the forecast period due
toincreasing implementations of environmental monitoring and protection
policies from governments in the region, and increasing compliance from
industrial facilities towards environmental monitoring regulations laid down in
respective countries.
The key players operating in the
global environmental monitoring market areHoneywell International Inc.,
Teledyne Technologies Incorporated, Merck KGaA, Siemens AG, General Electric,
HORIBA, Ltd, ACOEM Group, Agilent Technologies, Inc., Thermo Fisher Scientific
Inc., Danaher Corporation, TE Connectivity, Emerson Electric Co., Shimadzu
Corporation, and Testo SE & Co. KGaA.
Key questions answered in the report-
- Which are the high
growth market segments in terms of product, sampling, application,and
region/countries?
- What was the
historical market for environmental monitoring across the globe?
- What are the market
forecasts and estimates for the period 2019-2025?
- What are the major
drivers, restraints, opportunities, and trends in the global environmental
monitoringmarket?
- Who are the major
players in the global environmental monitoringmarket?
- How is the
competitive landscape and who are the market leaders in the global
environmental monitoringmarket?
- What are the recent
developments in the global environmental monitoringmarket?
- What are the
different strategies adopted by the major players in the global
environmental monitoringmarket?
- What are the
geographical trends and high growth regions/ countries?
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