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Environmental Monitoring Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
Environmental Monitoring Market
As per the report, 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 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%.
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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.
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.
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
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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.
Contents of the report:
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
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