CHICAGO , June 27,
2024 /PRNewswire/ -- Environmental Monitoring
Market in terms of revenue was estimated to be worth
$14.7 billion in 2024 and is poised
to reach $18.6 billion by 2029,
growing at a CAGR of 4.9% from 2024 to 2029 according to a new
report by MarketsandMarkets™.
Factors such the increasing public awareness about the health
implications of environmental pollution, growing government
emphasis on compliance to pollution monitoring standards, and
rising levels of PM2.5 in the air are high growth prospects for the
environmental monitoring market during the forecast period.
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Browse in-depth TOC on "Environmental Monitoring
Market"
174 - Tables
39 - Figures
217 - Pages
Environmental Monitoring Market Scope:
Report
Coverage
|
Details
|
Market Revenue in
2024
|
$14.7
billion
|
Estimated Value by
2029
|
$18.6
billion
|
Growth Rate
|
Poised to grow at a
CAGR of 4.9%
|
Market Size Available
for
|
2021–2029
|
Forecast
Period
|
2024–2029
|
Forecast
Units
|
Value (USD
Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
Product, Sampling
Method, Component, Application, End user, and Region
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, Latin America, and the Middle East &
Africa
|
Report
Highlights
|
Updated financial
information / product portfolio of players
|
Key Market
Opportunities
|
Supportive rules and
regulations by government to reduce environmental
pollution
|
Key Market
Drivers
|
Need for efficient
natural resource management
|
The monitor's segment is to register a significant growth
rate over the forecast period of 2024-2029.
Based on the product, over the forecast period of 2024-2029, the
monitors segment is to register a significant growth rate. The
environmental monitoring product market is segmented into monitors
and software. The monitors segment comprises indoor monitors,
outdoor monitors, and portable monitors. The key factors
encouraging the growth of monitors segment during the forecast
period are the growing installation of environmental monitoring
systems/stations/equipment and the continuous development and
commercialization of outdoor environment monitoring sensors.
The air pollution monitoring segment accounted for the
largest share of environmental monitoring in 2024-2029.
Based on application, during the forecast period, the air
pollution monitoring segment is anticipated to dominate the
environmental monitoring market, holding the largest market share.
The segment commands a significant share due to the implementation
of rigorous air pollution control regulations by numerous
governments, heightened levels of air pollution in major markets
like the US, Europe, China, India,
and the Middle East, escalating
health anxieties, and the rising acceptance and demand for
sensor-based air quality monitoring systems.
Asia Pacific registered the
highest CAGR in the market during the forecast period.
In 2024, Asia Pacific is
expected to register the highest CAGR in the market for
environmental monitoring during the forecast period. Asia Pacific comprises China, India,
South Korea, Taiwan, and Singapore, and the rest of Asia Pacific. Factors such as the
technological advancements in the field of environmental sensors,
increase in government funding for the establishment of
environmental monitoring stations and greater adoption of pollution
monitoring technologies are driving the growth of the APAC
environmental monitoring market during the forecast period.
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Environmental Monitoring Market Dynamics:
Drivers:
1. Need for efficient natural resource management
Restraints:
1. High costs of environmental monitoring devices
Opportunities:
1. Supportive rules and regulations by government to
reduce environmental pollution
Challenge:
1. Slow adoption of pollution control policies
Key Market Players of Environmental Monitoring
Industry:
As of 2023, prominent players in environmental monitoring are
Agilent Technologies (US), Danaher (US), Thermo Fisher Scientific
(US), Shimadzu Corporation (Japan), PerkinElmer (US), 3M (US), Emerson Electric Co. (US), bioMérieux
S.A. (France), Honeywell
International Inc. (US), Merck KGaA (Germany), Siemens AG (Germany), Emerson Electric Co. (US), and
Forbes Marshall (India), among others.
A breakdown of the primary participants referred to for this
report is provided below:
- By Company Type: Tier 1– 25%, Tier 2– 37%, and Tier 3– 38%
- By Designation: C-level– 34%, Directors– 35%, and Others–
31%
- By Region: North America– 24%, Europe– 32%, Asia Pacific– 28%,
Latin America- 10%, MEA- 6%
Recent Developments:
- In March 2024, Emerson Electric
co. launched Rosemount 3490 Controller that helps to optimize
processes, enhance sustainability and ensure regulatory compliance
for water and wastewater applications
- In December 2021, Honeywell
International Inc. announced a user-friendly monitor that alerts
users when indoor air conditions may present an increased risk of
potentially transmitting airborne viruses.
- In February 2021, 3M invested $1
Billion to achieve carbon neutrality, reduce water use, and
improve water quality
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Environmental Monitoring Market - Key Benefits of Buying the
Report:
The report will enable established firms as well as
entrants/smaller firms to gauge the pulse of the market, which, in
turn, would help them to garner a larger market share. Firms
purchasing the report could use one or a combination of the
below-mentioned strategies to strengthen their market presence.
This report provides insights on the following
pointers:
- Analysis of key drivers (Increasing need for efficient natural
resource management, Development of wireless cellular and
non-cellular communication technologies, Increased health concerns
due to rising pollution levels), restraints (High costs associated
with environmental monitoring products), opportunities (Increased
health concerns due to rising pollution levels, Supportive
government rules and regulations to reduce environmental pollution,
Growing oil & gas industry, Development of high-end
environmental monitoring systems based on nanotechnology), and
challenges (Slow adoption of pollution control policies)
influencing the growth of the environmental monitoring market
- Market Penetration: Comprehensive information on the product
portfolios offered by the top players in the environmental
monitoring market
- Service Development/Innovation: Detailed insights on the
upcoming trends, R&D activities, and service developments in
the environmental monitoring market
- Market Development: Comprehensive information on lucrative
emerging regions
- Market Diversification: Exhaustive information about new
services, growing geographies, and recent developments in the
environmental monitoring market
- Competitive Assessment: In-depth assessment of market segments,
growth strategies, revenue analysis, and services of the leading
market players.
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Get access to the latest updates on Environmental Monitoring
Companies and Environmental Monitoring Industry
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