Environmental Monitoring Market Destined to Reach US$ 31.1 Billion (CAGR of 7.2%) During 2023-2028 | IMARC

The latest report by IMARC Group, titled "Environmental Monitoring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the global environmental monitoring market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global environmental monitoring market size reached US$ 20.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 31.1 Billion by 2028, exhibiting a growth rate (CAGR) of 7.2% during 2023-2028.

Environmental monitoring is an essential tool utilized to assess environmental conditions and provide information for reporting to national policymakers, international forums, and the public. It involves observing and characterizing an environment, calculating environmental parameters, and accurately quantifying the environmental impact. Monitoring programs are established to observe specific elements, statistically analyze the collected data, and subsequently generate risk assessment and environmental monitoring reports by. The main purpose of environmental monitoring is to manage and minimize an organization's adverse impact on the environment as well as ensuring compliance with regulations and safeguarding human health.

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Market Trends and Drivers:

The global market is primarily driven by the accelerating concerns regarding environmental degradation and climate change. This can be attributed to the rapid industrialization coupled with a significant rise in energy consumption levels. In line with this, the implementation of stringent environmental regulations and policies by governments of several countries is providing an impetus to the market. Moreover, continual technological advancements in sensor technologies, remote sensing techniques, and data analytics resulting in a more accurate diagnosis is creating lucrative opportunities in the market.

Additionally, the advent of tailored environmental monitoring software, such as Environmental Data Management Systems (EDMS), equipped with features including data management, automated alerts, compliance checking, and report generation is fueling the market. Some of the other factors contributing to the market include rapid digitization, incorporation of internet of things (IoT), artificial intelligence (AI), and machine learning (ML) in weather applications and extensive research and development (R&D) activities.

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/environmental-monitoring-market

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• 3M Company
• Agilent Technologies Inc.
• Danaher Corporation
• Emerson Electric Co.
• General Electric
• Honeywell International Inc.
• Horiba Ltd.
• Merck KGaA
• Siemens AG
• TE Connectivity
• Teledyne Technologies Incorporated
• Thermo Fisher Scientific Inc.

Key Market Segmentation:

Breakup by Component:

• Particulate Detection
• Chemical Detection
• Biological Detection
• Temperature Sensing
• Moisture Detection
• Noise Measurement

Breakup by Product Type:

• Environmental Monitoring Sensors
• Environmental Monitors
• Environmental Monitoring Software
• Wearable Environmental Monitors

Breakup by Sampling Method:

• Continuous Monitoring
• Active Monitoring
• Passive Monitoring
• Intermittent Monitoring

Breakup by Application:

• Air Pollution Monitoring
• Water Pollution Monitoring
• Soil Pollution Monitoring
• Noise Pollution Monitoring

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current, and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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This release was published on openPR.