Overview and Scope
Environmental monitoring refers to the systematic process of observing,
measuring, and assessing various environmental factors to understand and manage
the condition of ecosystems, natural resources, and the overall environment.
Environmental monitoring protects ecosystems, human health, and overall
environmental quality by providing essential data for informed decision-making
and proactive ecological management strategies.
Sizing and Forecast
The environmental monitoring market size has grown strongly in recent years. It
will grow from $16.35 billion in 2023 to $17.52 billion in 2024 at a compound
annual growth rate (CAGR) of 7.2%. The
growth in the historic period can be attributed to regulatory compliance,
innovation in monitoring solutions, industrialization and urbanization, public
awareness and concerns, environmental incidents and disasters.
The environmental monitoring market size is expected to see strong growth in
the next few years. It will grow to $22.08 billion in 2028 at a compound annual
growth rate (CAGR) of 5.9%. The growth
in the forecast period can be attributed to advancements in sensor technology,
integration with IoT and ai, emerging environmental regulations, growth in
smart cities initiatives, increasing adoption of remote sensing technologies.
Major trends in the forecast period include expansion of IoT integration, rise
of ai-powered analytics, focus on air quality monitoring, emphasis on water
quality management, integration of satellite and remote sensing data.
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Segmentation & Regional Insights
The environmental monitoring market covered in this report is segmented –
1) By Component: Particulate Detection, Chemical Detection, Biological
Detection, Temperature Sensing, Moisture Detection, Noise Measurement
2) By Sampling Method: Continuous Monitoring, Active Monitoring, Passive
Monitoring, Intermittent Monitoring
3) By Application: Air Pollution, Water Pollution, Soil Pollution, Noise
Pollution
4) By End-User: Government, Consumer Electronics, Retail, Medical
North America was the largest region in the environmental monitoring market in
2023. Asia-Pacific is expected to be the fastest-growing region in the forecast
period. The regions covered in the environmental monitoring market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
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Major Driver Impacting Market Growth
The rising level of air pollution is expected to propel the growth of the
environmental monitoring market going forward. Air pollution refers to the
presence of harmful or excessive quantities of substances in the Earth's
atmosphere, which can pose risks to human health, the environment, and the
overall quality of life. Air pollution is increasing due to the escalating
emissions of pollutants from industrial activities, vehicular exhaust, and
other human sources. Environmental monitoring is used to track the levels and
trends of air pollution over time, identify sources of pollution, assess
compliance with regulatory standards, and inform policy decisions to safeguard
public health and the environment against the detrimental impacts of air
pollution. For instance, according to the United States Environmental
Protection Agency, a US-based government agency, carbon dioxide (CO2) emissions
from burning fossil fuels grew by 7% in 2021. Furthermore, in February 2024,
according to the World Health Organization, a Switzerland-based
intergovernmental organization, approximately 7 million premature deaths occur
annually due to the association of ambient air pollution and household air
pollution. Therefore, the rising level of air pollution is driving the growth
of the environment monitoring market.
Key Industry Players
Major companies operating in the environmental monitoring market are Siemens
AG, Raytheon Technologies Corporation, Lockheed Martin Corporation, General
Electric Company, Thermo Fisher Scientific Inc., Honeywell International Inc.,
3M Company, Danaher Corporation, Merck KGaA, Texas Instruments Inc., Thales
Group, Nidec Corporation, TE Connectivity Ltd., Emerson Electric Co., Agilent
Technologies Inc., Teledyne Technologies Incorporated, AMS AG, bioMérieux SA,
Shimadzu Corporation, PerkinElmer Inc., HORIBA Ltd., Spectris plc, Forbes
Marshall, Raritan Inc., Powelectncs Limited, Environmental Sensors Inc.
The environmental monitoring market report table of contents includes:
1. Executive Summary
2.
Environmental Monitoring Market Characteristics
3.
Environmental Monitoring Market Trends And Strategies
4.
Environmental Monitoring Market - Macro Economic Scenario
5. Global
Environmental Monitoring Market Size and Growth
.
32. Global
Environmental Monitoring Market Competitive Benchmarking
33. Global
Environmental Monitoring Market Competitive Dashboard
34. Key
Mergers And Acquisitions In The Environmental Monitoring Market
35.
Environmental Monitoring Market Future Outlook and Potential Analysis
36.
Appendix
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