Rising Focus of Government on Developing and Implementing Policies and Initiatives Drive the Environmental Monitoring Market Globally

Environmental monitoring, a process for systematic sampling of air, water, soil, and biota is done to characterize and monitor the quality of the environment forestablishment of environmental baselines, testing of environmental modeling processes, and preparation of environmental impact assessment. Today, environmental pollutions of all kinds is on the rise mainly due to growing industrialization and urbanization across the globe. Deteriorating environmental situation is driving governments across the globe to take critical measures to monitor and control environmental pollutions to the best possible extent. This is also driving greater public and private funding for environmental research and also for installations of environmental monitoring stations.

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Environmental monitoring

Government regulations and policies play a key role in determining and improving the state of country’s environment. As no single policy can provide solutions to all problems, policies like Paris Climate agreement and Agenda 2030have broadened gradually to address the increasingly complex environmental issues to meet the emission reduction targets in coming years.

Environmental monitoring
Today, governments and regional associations across the globe are taking actions to accelerate their investments towards environmental sustainability.The Asian Development Bank (ADB) assists its members and partners by providing loans, grants, and investments to promote social and economic development. ADB is investing $80 billion in climate finance between 2019 and 2030 to address climate change mitigation and adaptation by 2030.
Other latest initiatives in this regard are –

• In March 2016, the Australian government announced the creation of a new is Australian Dollar 1 billion Clean Energy Innovation Fund.
• The GreenTech Malaysia, the organisation which comes under Ministry of Energy, Science, Technology, Environment & Climate Change of Malaysia, funded 165 projects through Green Technology Financing Scheme since 2010.
• In Germany, EUR 2 billion is found to be invested in the third renewal of the “research for sustainability (FONA)” program for the period 2015-2020 to encourage innovations in various environment related issues.
• In Spain, 62 Clima projects and programs were funded by the Carbon Fundin 2017 with the aim to reduce carbon emissions.
• “Japan Climate Initiative (JCI)” was launched in October 2018 by over 100 Japanese companies, local governments, research institutions, and NGOs to build a decarbonized Japanese society.
• In China, the Soil Pollution Prevention and Control Law, which is an independent legal framework for soil pollution, took effect on January 2019. This helps to reduce soil pollution and sustain the environment.

The above mentioned factors strongly indicate the increase in government policies and initiatives to minimize environmental pollution levels and the relative rise in public-private investments towards environmental sustainability through environmental monitoring. Therefore, rising focus on environmental monitoring are rapidly driving the growth in the environmental monitoring market, which is expected to grow at CAGR of 7.5% to reach $21.08 billion by 2025, according to the Meticulous Research^®.


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Explore the Future of Environmental Monitoring Market to be Worth $21.08 Billion by 2025 With the latest development and Trends

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.

Environmental Monitoring Market

                        

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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.

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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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