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Environmental Monitoring Global Market Analysis, Trends, Growth, Research And Forecast 2033

05-21-2024 12:08 PM CET | Energy & Environment

Press release from: The Business research company

Environmental Monitoring Global Market

Environmental Monitoring Global Market

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 Monitoring 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 $22.08 Bn In 2028 At A CAGR Of 5.9% :

The environmental monitoring market size has grown strongly in recent years. It will grow from $16.35 billion in 2023 to $17.52 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to regulatory compliance, innovation in monitoring solutions, industrialization and urbanization, public awareness and concerns, environmental incidents and disasters.

The environmental monitoring market size is expected to see strong growth in the next few years. It will grow to $22.08 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to advancements in sensor technology, integration with IoT and ai, emerging environmental regulations, growth in smart cities initiatives, increasing adoption of remote sensing technologies. Major trends in the forecast period include expansion of IoT integration, rise of ai-powered analytics, focus on air quality monitoring, emphasis on water quality management, integration of satellite and remote sensing data.

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Environmental Monitoring Market Major Segments
The environmental monitoring market covered in this report is segmented -

1) By Component: Particulate Detection, Chemical Detection, Biological Detection, Temperature Sensing, Moisture Detection, Noise Measurement
2) By Sampling Method: Continuous Monitoring, Active Monitoring, Passive Monitoring, Intermittent Monitoring
3) By Application: Air Pollution, Water Pollution, Soil Pollution, Noise Pollution
4) By End-User: Government, Consumer Electronics, Retail, Medical

Key Driver - Increasing Level Of Air Pollution Fuels Growth In The Environmental Monitoring Market

The rising level of air pollution is expected to propel the growth of the environmental monitoring market going forward. Air pollution refers to the presence of harmful or excessive quantities of substances in the Earth's atmosphere, which can pose risks to human health, the environment, and the overall quality of life. Air pollution is increasing due to the escalating emissions of pollutants from industrial activities, vehicular exhaust, and other human sources. Environmental monitoring is used to track the levels and trends of air pollution over time, identify sources of pollution, assess compliance with regulatory standards, and inform policy decisions to safeguard public health and the environment against the detrimental impacts of air pollution. For instance, according to the United States Environmental Protection Agency, a US-based government agency, carbon dioxide (CO2) emissions from burning fossil fuels grew by 7% in 2021. Furthermore, in February 2024, according to the World Health Organization, a Switzerland-based intergovernmental organization, approximately 7 million premature deaths occur annually due to the association of ambient air pollution and household air pollution. Therefore, the rising level of air pollution is driving the growth of the environment monitoring market.

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Prominent Trend - Advanced Environmental Monitoring Systems Transforming The Market

Major companies operating in the environmental monitoring market are developing innovative solutions, such as ASIO environmental monitoring systems, to gain a competitive edge in the market. ASIO environmental monitoring systems refer to integrated networks of sensors, instruments, and technologies designed to measure and track various environmental parameters such as air quality, water quality, soil conditions, weather patterns, and biodiversity. For instance, in June 2023, BIRD Aerosystems, an Israel-based defense technology and solutions company, launched the ASIO environmental monitoring system, a cutting-edge solution for detecting and addressing maritime pollution, particularly oil spills. Integrating advanced technology such as the SEA EYE sensor, this innovative system offers real-time detection and classification of oil and organic substances on the water's surface, allowing for swift response and mitigation efforts. With AI capabilities and prediction tools, the ASIO system enables authorities to manage environmental crises effectively, minimizing ecological and economic impacts while ensuring efficient cleanup operations.

Environmental Monitoring Market Players
Major companies operating in the environmental monitoring market are Siemens AG, Raytheon Technologies Corporation, Lockheed Martin Corporation, General Electric Company, Thermo Fisher Scientific Inc., Honeywell International Inc., 3M Company, Danaher Corporation, Merck KGaA, Texas Instruments Inc., Thales Group, Nidec Corporation, TE Connectivity Ltd., Emerson Electric Co., Agilent Technologies Inc., Teledyne Technologies Incorporated, AMS AG, bioMérieux SA, Shimadzu Corporation, PerkinElmer Inc., HORIBA Ltd., Spectris plc, Forbes Marshall, Raritan Inc., Powelectncs Limited, Environmental Sensors Inc.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the environmental monitoring market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the environmental monitoring 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 Monitoring Market Report Structure
3. Environmental Monitoring Market Trends And Strategies
4. Environmental Monitoring Market - Macro Economic Scenario
5. Environmental Monitoring Market Size And Growth
…..
27. Environmental Monitoring Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
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Americas: +1 315 623 0293
Email: info@tbrc.info

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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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