Environmental Monitoring Market Key Insights on Revenue USD 43.48 Million by 2027 | CAGR Value 8.2%

According to the report, the global environmental monitoring market was pegged at $16.44 billion in 2018 and is expected to reach $29234.12 million by 2026, registering a CAGR of 7.6% from 2019 to 2026.

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Increase in need for better natural resource management, growing health concern and rising deaths due to rising pollution levels, and development of environment-friendly industries have boosted the growth of the global environmental monitoring market.

However, slow implementation of pollution control reforms in emerging countries hampers the market growth. On the contrary, rising participation and investments by businesses for deployment of pollution monitoring are expected to create lucrative opportunities in the near future.

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The air pollution monitoring segment held the largest share in 2018, contributing to nearly half of the global environmental monitoring market, owing to rise in the level of air pollution across the globe.

However, the noise pollution monitoring segment is expected to register the fastest CAGR of 11.1% during the forecast period, owing to the various regulation taken by the government for minimizing the noise across the global.

The noise measurement segment is projected to portray the fastest CAGR of 8.8% through 2026, owing to rise in installation of these devices for deploying the noise control programs and helping the workplace to identify which places have noise problems.

However, the particulate detection segment held the largest share in 2018, accounting for more than one-fourth of the global environmental monitoring market, due to rise in air pollution owing to harmful chemicals releases in the air by several chemical industries.

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The market across North America dominated in 2018, contributing to around two-fifths of the total revenue, owing to the stringent pollution monitoring and control regulations made by the government.

However, the global environmental monitoring market across Asia-Pacific is expected to manifest the fastest CAGR of 10.2% during the forecast period, owing to rise in level of water, air, and soil pollution in developing countries such as China and India.

The key players operating in the global environmental monitoring market include 3M, Danaher, Emerson Electric Co. , General Electric , Honeywell International Inc., Merck KGaA , Siemens AG, Teledyne Technologies Incorporated, TE Connectivity Ltd. and Thermo Fisher Scientific Inc.. These players have adopted various strategies to increase their market penetration and strengthen their foothold in the environmental monitoring industry.

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