Environmental Monitoring Market Analysis | 2021-2026

Market Insights

The environmental monitoring market was estimated at USD 19.9 billion in 2020 and is likely to grow at a CAGR of 9.2% during 2021-2026 to reach USD 33.5 billion in 2026.

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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.

COVID-19 Impact

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.

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.

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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.

Key Players

The following are the key players in the environmental monitoring market:

• 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.

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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.

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Regional Analysis

"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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Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s environmental monitoring market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• 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 market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The environmental monitoring market is segmented into the following categories:

By Product Type

• Environmental Monitors
• Environmental Monitoring Sensors
• Wearable Environmental Monitors

By Application Type

• Air Pollution Monitoring
• Water Pollution Monitoring
• Soil Pollution Monitoring
• Noise Pollution Monitoring

By Component Type

• Particulate Detection
• Chemical Detection
• Biological Detection
• Temperature Sensing
• Moisture Detection
• Noise Measurement

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

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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.