[150+ Pages Research Report] According to the recent analysis research report; the global Environmental Monitoring Market in 2020 was approximately USD 15.2 Billion . The market is expected to grow at a CAGR of 6.0% and is anticipated to reach around USD 20.1 Billion by 2027. Top market players are Agilent Technologies (US), Danaher Corporation (US), Thermo Fisher Scientific (US), Shimadzu Corp. (Japan), and PerkinElmer Corporation (US). Other prominent companies include General Electric (US), Honeywell International (US), Horiba (Japan), Merck KGaA (Germany), and Siemens (Germany).
Overview of Environmental Monitoring Market Study
Environmental Monitoring market study conducted by Nova One Advisor is intended at helping stakeholders get a comprehensive overview of potential challenges and undiscovered opportunities. The report offers exclusive insights to help companies and their customers to make informed decision to sustain growth through the assessment period.
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Rising pollution levels, a favorable regulatory scenario, the ongoing installation of environmental monitoring stations, the development of environment-friendly industries, increasing awareness, and the expansion of pollution monitoring infrastructure across emerging markets are the major growth drivers of the global environmental monitoring market.
Global Environmental Monitoring Market dynamics
Driver: Rising levels of pollution
Rapid population growth and industrialization across the globe have increased the emissions of volatile chemicals, toxic gases, PM, and biological components, thereby raising air, water, soil, and noise pollution levels. The rise in carbon emission levels is more prominent across developing countries (such as China, India, Brazil, and Mexico) primarily because of their rapid industrialization as well as limited compliance to pollution monitoring & control regulations.
Additionally, human activities (such as vehicular emissions, wood burning, and the use of fertilizers) also contribute to pollution. In 2018, the global carbon emissions were estimated at ~37.1 billion tons, with China, the US, Europe, and India being the most significant contributors (in that order) (Source: University of East Anglia, Global Carbon Project 2017).
Restraint: Slow implementation of pollution control reforms in emerging markets
High purchase costs, a lack of stringent regulatory norms, and maintenance costs associated with environment monitoring instruments have slowed the implementation of environmental protection programs, especially in developing countries such as Africa, India, China, and Russia. Various emerging countries have also been reluctant to adopt stringent and legally binding pollution control measures, as they seek to sustain their economic growth.
A lack of robust education systems to train skilled professionals in pollution monitoring & control and limited R&D infrastructure to develop affordable monitoring technologies in developing countries further hamper the implementation of effective pollution monitoring & control reforms. Currently, the growth of the environmental monitoring products market across emerging nations (such as China, Brazil, and Malaysia) is hindered by high export tariffs for environmental monitoring products to other nations (such as the US and Europe).
Opportunity: Expansion of the petrochemical, power generation, and natural gas industries
The petrochemical industry covers crude oil producers and petrochemical refineries involved in crude oil processing for the production of petrochemical products. These industries are often associated with significant risks in terms of environmental pollution (such as oil spills in marine bodies, coal, or gas-based power generation and toxic chemicals produced as a byproduct of crude oil processing). Therefore, several governments across the globe are increasingly enacting stringent laws for effective pollution monitoring and control. As a result, these companies utilize a wide range of pollution monitoring equipment for air pollution measurement and control.
Challenge: Uncertain and inconsistent environmental regulations across emerging countries
While several developing countries have begun to implement environmental protection policies and initiatives, much work is still required in this area. This is evident from inconsistencies in regulations and standards in emerging countries with regard to the manufacturing, sales, and exports of pollution monitoring products. For instance, the environmental technology market in China was hampered due to inconsistent regulations and standards, a lack of proper guidelines, fragmented bureaucratic organization, and intense emphasis on economic growth, leading to misaligned incentives and regulatory competition across regions.
By product type, environmental monitoring sensors account for the largest share of the market
Based on product type, the global environmental monitoring market is segmented into indoor environmental monitors, outdoor environmental monitors, wearable environmental monitors, environmental monitoring sensors, and environmental monitoring software. The environmental monitoring sensors segmented holds the largest share of the market due to its operational advantages such as ease of use, operational flexibility, device affordability, and low space requirements. The growing demand for advanced wearable ambient monitoring sensors and rising interest in portable outdoor environmental quality monitoring will also contribute to market growth.
Continuous monitoring segment to dominate the environmental monitoring market, by sampling method
Based on the sampling method, the environmental monitoring market is segmented into continuous, active, passive, and intermittent monitoring. The continuous monitoring sampling method segment is expected to dominate the environmental monitoring market. This is due to the growing public emphasis on the development of environment-friendly industries and rising levels of environmental pollution, among other key factors.
Particulate detection accounts for the largest share of the environmental monitoring market, by component
Based on the component, the environmental monitoring market is segmented into temperature sensing, moisture detection, biological detection, chemical detection, particulate detection, and noise measurement. The particulate detection segment accounts for the largest share of the market. This is attributed to the rising levels of PM2.5 and PM10 in the air, increasing market demand for outdoor & indoor air quality or PM monitors, and a rapid rise in air pollution levels in emerging countries.
Air pollution monitoring segment accounted for the largest share of the environmental monitoring market, by application
Based on the application, the environmental monitoring market is segmented into air, water, soil, and noise pollution monitoring. The large share of the air pollution monitoring segment is attributed to the rising level of air pollution across key markets globally (such as the US, Europe, China, India, and the Middle East), growing acceptance and market demand for sensor-based air quality monitoring systems, and increasing health concerns.
North America accounts for the largest share of the environmental monitoring market
This report covers the environmental monitoring market across five major geographies—North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. North America is expected to command the largest share of the environmental monitoring market, mainly due to an increase in government funding for the establishment of environmental monitoring stations and the stringent regulations in the region. Additionally, technological advancements in the field of environmental sensors and growing government initiatives in the area of pollution control have supported the market growth.
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COVID-19 Impact on Environmental Monitoring Sales
Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Environmental Monitoring market.
Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.
Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.
Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Environmental Monitoring market 2021 onwards. This trend will however continue through the course of the report’s assessment period
This report provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the Environmental Monitoring market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the prominent players in the Environmental Monitoring market include: Agilent Technologies (US), Danaher Corporation (US), Thermo Fisher Scientific (US), Shimadzu Corp. (Japan), and PerkinElmer Corporation (US). Other prominent companies include General Electric (US), Honeywell International (US), Horiba (Japan), Merck KGaA (Germany), and Siemens (Germany).
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
By Product Type
- Environmental Monitoring Sensors
- Indoor Sensors
- Outdoor Sensors
- Outdoor Environmental Monitors
- Fixed Outdoor Monitors
- Portable Outdoor Monitors
- Environmental Monitoring Software
- Indoor Environmental Monitors
- Fixed Indoor Monitors
- Portable Indoor Monitors
- Wearable Environmental Monitors
- Physical Pollutants
- Chemical Detection
- Gas Detection
- Pesticide Detection
- VOC Detection
- Biological Detection
- Temperature Sensing
- Moisture Detection
- Noise Measurement
By Sampling Method
- Continuous Monitoring
- Active Monitoring
- Passive Monitoring
- Intermittent Monitoring
- Air Pollution Monitoring
- Water Pollution Monitoring
- Wastewater Monitoring
- Surface & Ground Water Monitoring
- Soil Pollution Monitoring
- Noise Pollution Monitoring
Why Buy this Report?
The purpose of Nova one advisor’s Environmental Monitoring market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.
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