Environmental Sensing And Monitoring Technology Market Research Analysis 2024-2033 | Growth, Size, Demand, Analysis, Insights

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Environmental Sensing And Monitoring Technology Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $21.43 Bn In 2028 At A CAGR Of 5% :

The environmental sensing and monitoring technology market size has grown strongly in recent years. It will grow from $16.53 billion in 2023 to $17.58 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to regulatory compliance, public awareness and concerns, industrialization and urbanization, natural disasters and climate change, globalization and trade.

The environmental sensing and monitoring technology market size is expected to see strong growth in the next few years. It will grow to $21.43 billion in 2028 at a compound annual growth rate (CAGR) of 5%. The growth in the forecast period can be attributed to precision agriculture, smart cities initiatives, renewable energy expansion, epidemic and pandemic preparedness. Major trends in the forecast period include internet of things (IoT) integration, artificial intelligence (AI) and machine learning (ML) algorithms, technological advancements.

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Environmental Sensing And Monitoring Technology Market Major Segments
The environmental sensing and monitoring technology market covered in this report is segmented -

1) By Type: Portable, Stationary
2 By Component: Sensors, Monitors, Software, Service
3) By Monitoring Method: Active Monitoring, Intermediate Monitoring, Passive Monitoring
4) By Applications: Water Pollution Monitoring, Air Pollution Monitoring, Sound Pollution Monitoring, Soil Pollution Monitoring, Other Applications
5) By End-User: Meteorology, Government, Defense, Ocean Exploration Organizations, Research Organizations, Industrial Sector, Other End-users

Key Driver - Rising Environmental Challenges Drive The Surge In Environmental Sensing And Monitoring Technology

The increasing air pollution, water contamination, and soil erosion are expected to propel the growth of the environmental sensing and monitoring technology market going forward. Air pollution, water contamination, and soil erosion refer to ecological degradation caused by introducing harmful substances and disruptions to natural ecosystems. Burning fossil fuels for energy in vehicles, industries, and power plants releases pollutants, and industrial waste from factories dampens the ecological condition. Environmental sensing and monitoring technologies are utilized to track and analyze air pollution, water contamination, and soil erosion by collecting real-time data on pollutant levels, water quality, and soil conditions, aiding in assessing and mitigating environmental issues. For instance, in September 2023, according to the World Health Organization, a Switzerland-based intergovernmental organization, 1.8 billion people worldwide consume water that is contaminated. Furthermore, in March 2023, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, in 2022, global energy-related carbon dioxide (CO2) emissions increased by 0.9%, equivalent to 321 million metric tons, reaching a record high of over 36.8 billion metric tons. Therefore, increasing air pollution, water contamination, and soil erosion are expected to propel the growth of the environmental sensing and monitoring technology market.

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Prominent Trend - Enhanced Next-Generation Environmental Sensor Solutions With IoT Integration

Major companies operating in the environmental sensing and monitoring technology market are focusing on developing next-generation solutions such as environmental sensors to enhance real-time data collection and analysis. The solution utilizes IoT for real-time monitoring and management of critical infrastructure conditions. For instance, in August 2023, Vertiv, a US-based provider of critical digital infrastructure and continuity solutions, launched the geist watchdog 15 environmental sensor solution that optimizes data center monitoring in India, offering a self-contained monitor that remotely tracks real-time environmental conditions in critical IT infrastructure such as data centers and server rooms. This cost-effective solution facilitates monitoring of temperature, humidity, and dewpoint, with the capability to add up to four external plug-and-play sensors. It provides real-time sensor data, logging, and graphing, enabling data center managers to receive alerts via email and email-to-SMS for predefined threshold breaches.

Environmental Sensing And Monitoring Technology Market Players
Major companies operating in the environmental sensing and monitoring technology market are Siemens AG, Thermo Fisher Scientific Inc., Honeywell International Inc., ABB Ltd., Merck KGaA, Danaher Corporation, Eaton Corporation, Thales Group, Nidec Corporation, TE Connectivity Ltd., Ball Corporation, Emerson Electric Co., Amphenol Corporation, Agilent Technologies Inc., OMRON Corporation, Xylem Inc., Teledyne Technologies Incorporated, Shimadzu Corporation, Endress+Hauser Group, Horiba Ltd., Hebei Sailhero Environmental Protection High-tech Co., Ltd., Focused Photonics Inc. (FPI), Sensirion AG, Beijing SDL Technology Co., Ltd., Bosch Sensortec GmbH, Acoem Group

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Largest And Fastest Growing Region In The Market
North America was the largest region in the environmental sensing and monitoring technology market in 2023. The regions covered in the environmental sensing and monitoring technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Environmental Sensing And Monitoring Technology Market Report Structure
3. Environmental Sensing And Monitoring Technology Market Trends And Strategies
4. Environmental Sensing And Monitoring Technology Market - Macro Economic Scenario
5. Environmental Sensing And Monitoring Technology Market Size And Growth
…..
27. Environmental Sensing And Monitoring Technology Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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