Environmental Monitoring Market

Report Description
Table of Contents

Report Description

The global environmental monitoring market size is estimated to be USD xx billion in 2021 and is expected to witness a CAGR of xx% during the forecast period. Rising environmental pollution due to urbanization coupled with growing awareness for its ill-effects is a key driver for the growth of the global environmental monitoring market. Additionally, the increase in government support, stringent regulations for pollution control, introduction of data monitoring and analysis, and growing demand for organic solutions are some of the other drivers propelling the market growth. Nevertheless, the expensive implementation of environmental monitoring system and lack of technical know-how in emerging economies are expected to restrain the global market growth.

Global Environmental Monitoring Market Size (USD Billion), 2021-2029

Source: Erevna Healthcare

By Product

Based on product, the market is segmented into software, monitors, and services. In 2021, the monitor segment accounted for the largest revenue share with lucrative CAGR during the forecast period. This is attributed to the large application of monitors in providing flexible operations, effective monitoring of multiple environmental parameters worldwide. The services segment projected to grow at the fastest CAGR during the forecast period. This is attributed to rising need for novel environmental systems coupled with modernization of existing solutions.

By Sampling Method

Based on sampling method, the market is categorized into continuous monitoring, active monitoring, passive monitoring, and intermittent monitoring. In 2021, the continuous monitoring method segment accounted for the largest revenue share and is anticipated to grow at the fastest CAGR during the forecast period. This is due to increasing government focus on controlling pollution and preserving environment worldwide. The intermittent monitoring sampling method is anticipated to grow at a steady CAGR during the forecast period owing to rising adoption of environment monitoring at regular interval.

By Component

Based on component, the market is categorized into particulate matter, temperature, biological, moisture, chemical, and noise. In 2021, the particulate matter segment accounted for the largest revenue share due to increasing air pollution worldwide by increasing levels of PM2.5 and PM10. This segment is projected to grow at the fastest CAGR during the forecast period, due to the growing intensity of air pollution and advancement in monitoring systems. In 2021, chemical and biological component segments held significant share owing to increased cases of food-borne illness by adulteration and outbreak of covid19.

By Application

Based on application, the market is categorized into noise, air, soil, and water. The air pollution segment accounted for the highest revenue in 2021 and is projected to maintain its dominance over the forecast period. The rising industrialization & urbanization coupled with growth in passenger and commercial vehicles is a key factor that drives the segment growth. The water pollution segment is anticipated to grow at a lucrative CAGR during the forecast period owing to rising government stringency and rising need for installation of monitoring systems for water pollution, thereby making the analysis of water quality in natural water bodies.

By End-Use

Based on end-use, the market is categorized into corporate, government, energy & utilities, agriculture, healthcare, and others. The corporate segment accounted for the highest revenue in 2021 and is projected to maintain its dominance over the forecast period. The rising acceptance of internal monitoring systems by healthcare, manufacturing, and chemical industries to comply with stringent manufacturing protocols and offer safe working circumstances for workers is a key factor that drives the segment growth. This segment is anticipated to grow at the fastest CAGR during the forecast period due rising adoption of environmental monitoring systems for creating clear instruments to encourage clean environment.

Regional Insights

In 2021, North America accounted for the highest revenue share in the global market and is expected to maintain its dominance during the forecast period. This is attributed to the presence of robust regulatory framework and stringent norms in industries for hygienic working conditions coupled with high investments in this region. Asia Pacific market is projected to exhibit the fastest CAGR over the forecast period owing to the high intensity of environmental pollution, increasing government programs, and growing focus of public private sectors for curbing environmental pollution in this region.

Competitor Insights

Some of the key players in the environmental monitoring market are General Electric Company (U.S.); Thermo Fisher Scientific (U.S.); Teledyne Technologies Incorporated (U.S.); Siemens AG (Germany); Horiba, Ltd. (Japan); Agilent Technologies, Inc. (U.S.); Honeywell International Inc. (U.S.); Emerson Electric Co. (U.S.); Danaher Corporation (U.S.) and 3M Company (U.S.). The leading players operating in the environmental monitoring industry are adopting various strategies including R&D investments, adaption of advanced techniques, mergers & acquisitions, and regional expansions to capture a maximum revenue share.

This exhaustive research report focuses on market size and forecast at global, segmental, regional and country level along with key market trends and dynamics from 2021 to 2029. The environmental monitoring market report is categorized into the following segments and subsegments: