Environmental monitoring is a systematic approach to assessing and monitor the environment's quality to mitigate pollution risks. The primary purpose of an environmental monitoring system is to continuously monitor various ecological parameters, such as temperature, humidity, airflow, and smoke, and provide detailed real-time data and video feeds. This allows for accurate and comprehensive monitoring of the environment, enabling proactive measures to be taken for pollution prevention and control.
According to Data Bridge Market Research, the Environmental Monitoring Market accounted for USD 14.50 billion in 2021 and is expected to reach USD 21.42 billion by 2029. The market is expected to grow with a CAGR of 5.00% in the forecast period of 2022 to 2029.
“Mounting requirement of efficient natural resource management boosts the market’s growth”
The environmental monitoring market is experiencing growth due to the increasing demand for efficient natural resource management. With the rising awareness of environmental sustainability, there is a greater emphasis on monitoring and managing natural resources effectively. Environmental monitoring systems help track and analyze parameters such as air quality, water quality, and soil conditions, enabling proactive conservation and pollution control measures. The need for accurate data and real-time monitoring to make informed decisions drives the growth of the market as organizations and governments strive for sustainable and responsible resource management practices.
What restraints the growth of the environmental monitoring market?
“High cost associated with equipment restraints the market’s growth”
The market for environmental monitoring is constrained by the high cost associated with the equipment used in monitoring activities. This equipment includes sensors, meters, data loggers, and other specialized tools required for accurate and reliable data collection. The expenses related to procurement, maintenance, calibration, and installation of such equipment can be significant. The high upfront investment required for these resources becomes a barrier for many organizations, hindering market growth. Additionally, ongoing costs for equipment upkeep and upgrading further contribute to the financial challenges faced by potential buyers which restrain the market’s growth.
Segmentation: Environmental Monitoring Market
The environmental monitoring market is segmented on the basis of component, product type, sampling method, and application.
- On the basis of component, the environmental monitoring market has been segmented into particulate detection, chemical detection, biological detection, temperature sensing, moisture detection, and noise measurement.
- On the basis of product type, the environmental monitoring market has been segmented into environmental monitoring sensors, environmental monitors, environmental monitoring software, and wearable environmental monitors.
- On the basis of the sampling method, the environmental monitoring market has been segmented into continuous monitoring, active monitoring, passive monitoring, and intermittent monitoring.
- On the basis of application, the environmental monitoring market has been segmented into air pollution monitoring, water pollution monitoring, soil pollution monitoring, noise pollution monitoring.
Regional Insights: North America dominates the environmental monitoring market
North America dominates the environmental monitoring market owing to the increased focus on addressing the region's global warming and environmental pollution concerns. This growing awareness and concern are anticipated to drive the expansion of environmental monitoring and measurement projects. Additionally, the consistent availability of financial resources is predicted to further accelerate growth during the forecast period.
Asia-Pacific is expected to witness significant growth from 2022 to 2029 due to the expansion of industries such as petrochemical, power generation, and natural gas. The utilization of advanced technologies, including nanotechnology-based products, plays a significant role in driving this expansion. These technological advancements contribute to the overall development and expansion of the regional market, meeting the increasing demands of various industries in the region.
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Recent Development
- In March 2021, ES Industries, a company renowned for its cutting-edge and extremely effective HPLC and supercritical fluid chromatography (SFC) column chemistries, sold state-of-the-art columns and chemistries to PerkinElmer. The group has over 40 years of experience producing columns with exceptional dependability, scalability, and repeatability frequently used for quality control, LC/MS analysis, method development processes, and preparative purification.
- In September 2020, a partnership between Hach (a Danaher company) and 120Water was announced in order to provide customers with an all-inclusive lead and copper compliance testing solution. Through this relationship, Hach is able to provide its current and potential clients with access to the 120Water digital water platform.
- In March 2021, a renowned supplier of water utility management software, Sedaru Inc. (US), was purchased by Danaher's Environmental Water Group. Bringing together disparate technologies and prolonging the useful life of water and wastewater system assets including pipes, valves, and pumps, Sedaru improves operations across the utility company.
The Prominent Key Players Operating in the Environmental Monitoring Market Include:
- BioMérieux (France)
- Honeywell International Inc. (U.S.)
- Merck KGaA (Germany)
- Siemens (Germany)
- Forbes Marshall (India)
- HORIBA (Japan)
- Agilent Technologies Inc., (U.S.)
- Thermo Fisher Scientific (U.S.)
- Shimadzu Corporation (Japan)
- PerkinElmer Inc., (U.S.)
- 3M (U.S.)
- Emerson Electric Co. (U.S.)
- Sensors Inc. (Canada)
- Danaher (U.S.)
- Spectris (U.K.)
- TE Connectivity (Switzerland)
- Teledyne Technologies (U.S.)
- Raytheon Technologies Corporation (U.S.)
- ams-OSRAM AG (Austria)
Above are the key players covered in the report, to know about more and exhaustive list of environmental monitoring market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Environmental Monitoring Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
