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    Environmental Monitoring Market Analysis | 2021-2026

    Environmental Monitoring Market Analysis | 2021-2026
    Report code - SR1836 Delivery - 2 Weeks
    Environmental Monitoring Market Size, Share, Trend, Forecast, Competitive Analysis, and Gr See more...

    "The environmental monitoring market is projected to grow from USD 19.9 billion in 2020 to USD 33.5 billion by 2026 at a CAGR of around 9.2% during the forecast period".

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    Market Dynamics

    Introduction

    Environmental monitoring refers to the systematic process of observing, measuring, and assessing various environmental parameters to understand the condition and changes in the environment over time. This process involves collecting data on air, water, soil, and other environmental factors to evaluate their quality and detect any potential changes or disturbances.

    Environmental Monitoring Market Report Overview

    Market Size in 2026

    USD 33.5 Billion

    Market Size in 2020

    USD 19.9 Billion

    CAGR (2021-2026)

    9.2%

    Base Year of Study

    2020

    Trend Period

    2015-2019

    Forecast Period

    2021-2026

     

    Market Drivers

    The surge in the need for efficient natural resource management

    Natural resource management (NRM) is the sustainable use of major natural resources like land, water, air, minerals, forests, fisheries, and wild flora and fauna. Most economies rely on natural resources for revenue generation, and sustainable management can increase productivity and reduce depletion rates. Economies can become more resilient by reducing material dependence and adopting circular business models. Lower levels of material inputs reduce waste flows, emissions, and risk factors affecting human health and well-being. Sustainable management of resources in agriculture, forestry, fishing, mining, and quarrying can limit environmental impacts and help mitigate climate change and biodiversity loss. Countries with mega-biodiversity include Australia, the Democratic Republic of the Congo, Madagascar, South Africa, China, India, Indonesia, Malaysia, Papua New Guinea, the Philippines, Brazil, Colombia, Ecuador, Mexico, Peru, the United States, and Venezuela.

    Market Opportunity

    Favorable government rules and regulations to reduce environmental pollution

    The Ministry of Environment and Forests is responsible for implementing policies and programs to conserve natural resources, ensure animal welfare, and reduce pollution. The "Policy Statement for Abatement of Pollution, 1992" and "National Conservation Strategy and the Policy Statement on Environment & Development, 1992" focus on pollution prevention and promoting cleaner technologies. The 2002 National Water Policy outlines the development, conservation, and management of water resources. Since the 1970s, the federal government has limited pollution from various sources, providing substantial health and quality of life benefits. The Clean Air Act provides USD 30 worth of health benefits for every dollar spent.

    COVID-19 Impact on Environmental Monitoring Market

    The environmental monitoring market has grown significantly in recent years; however, due to the outbreak of the COVID-19 pandemic, the market is expected to surge in 2020. This contributes to the government's increased need for environment monitoring technology to identify the coronavirus ingredient in the weather. Environmental monitoring technology is being used in the private sector to understand the risk in facilities and to take critical actions such as human testing and prompt contact tracing to reduce the COVID-19 outbreak, which is driving market growth during the COVID-19 outbreak.

    Segment Analysis

    Component Trends

    "The Particulate Detection segment accounted for the largest market share in 2020".

    By Component, the Environmental Monitoring market has been bifurcated into Particulate Detection, Chemical Detection, Biological Detection, Temperature Sensing, Moisture Detection, and Noise Measurement. The Particulate Detection segment accounted for the largest market share in 2020. Increased awareness of particle detection infrastructure in emerging markets, as well as increased demand for pollution detection technology in the government sector.

    Regional Trends

    "North America is expected to dominate the overall market". 

    By region, the Environmental Monitoring market in North America is expected to dominate the overall market. The regional market is expected to be driven by rising concerns about global warming and environmental pollution. Furthermore, the deployment of environmental monitoring systems in North America is expected to be driven by strong corporate internal policies regarding safe working conditions and pollution monitoring, as well as the consistent availability of financial resources. The region's high number of smart city initiatives, as well as the presence of several developed industrial manufacturing clusters, are expected to drive the deployment of environmental monitoring systems.

    The Asia Pacific region is expected to be the fastest-growing regional market due to countries' increased emphasis on deploying environmental monitoring systems to improve living conditions and control and reduce pollution levels.

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    key Players

    The following are the key players in the Environmental Monitoring Market (arranged alphabetically)

    • 3M (US),
    • Agilent Technologies (US),
    • bioMérieux S.A. (France),
    • Danaher (US),
    • Emerson Electric Co. (US),
    • Forbes Marshall (India).
    • Honeywell International Inc. (US),
    • Merck KGaA (Germany),
    • PerkinElmer (US),
    • Shimadzu Corporation (Japan),
    • Siemens AG (Germany),
    • Thermo Fisher Scientific (US),

    Note: The above list does not necessarily include all the top players in the market.

    Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. 

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of  the Environmental Monitoring Market 

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    What are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Customization Options

    Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Environmental monitoring refers to the systematic process of observing, measuring, and assessing various environmental parameters to understand the condition and changes in the environment over time. This process involves collecting data on air, water, soil, and other environmental factors to evaluate their quality and detect any potential changes or disturbances.

    Environmental Monitoring market in North America is expected to dominate the overall market. The regional market is expected to be driven by rising concerns about global warming and environmental pollution.

    The market is growing due to an increase in health concerns, an increase in deaths as a result of rising pollution levels, and an increase in the need for better resource management. Furthermore, the ongoing installation of environmental monitoring sensors and the development of environmentally friendly industries propels the market's growth.

    Key players operating in the Environmental Monitoring market are Agilent Technologies (US), Danaher (US), Thermo Fisher Scientific (US), Shimadzu Corporation (Japan), PerkinElmer (US), 3M (US), Emerson Electric Co. (US), bioMrieux S.A. (France), Honeywell International Inc. (US), Merck KGaA (Germany), Siemens AG (Germany), Emerson Electric Co. (US), and Forbes Marshall (India).

    The Environmental Monitoring Market is projected to grow from USD 19.9 billion in 2020 to USD 33.5 billion by 2026 at a CAGR of around 9.2% during the forecast period.