Press release
Environmental Monitoring Market to Reach $21.08 billion by 2025| Market by Size, Share, and Applications |
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.
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.
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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.
TOP 10 COMPANIES IN ENVIRONMENTAL MONITORING MARKET @ http://bit.ly/2IdnxKg
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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Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.
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