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Environmental Monitoring Market | Top Manufacturers, Consumption, Growth and Forecast to 2025

Press Release

Owing to increasing environmental issues, a precise process for sampling of air, water, soil, and biota is required to characterize and monitor the quality of the environment for establishment of environmental baselines, testing of environmental modeling processes, and preparation of environmental impact assessment. It is not possible that a single policy can change the entire environmental industry; hence, governments across the globe are increasingly focusing towards investments aimed at creating awareness for environmental sustainability across the world.

Meticulous Research [(R)] in its latest publication on Environmental Monitoring market states that the global Environmental Monitoring market will increase at a CAGR of 7.5% from 2019 to 2025 to reach $21.1 billion by 2025. The growth in the global Environmental Monitoring market is mainly driven by increasing government funding, development of policies and initiatives to reduce environmental pollution levels, rising installations of environmental monitoring stations, and increased public awareness regarding the environmental pollution. Moreover, use of unmanned aerial vehicles for remote environmental sensing and use of Internet of Things (IoT) technology and nanotechnology for environmental monitoring products offer significant growth opportunities for the players operating in the global environmental monitoring market.

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Significant opportunities from developing economies support the Environmental Monitoring Market growth

Air quality monitoring technologies are gaining greater popularity across the Asia Pacific region due to the dramatic rise in air pollutant levels in the region. Asa consequence of degrading air quality, the governments of the countries are ensuring proper implementations of the environmental regulations and policies. For instance, in July 2018, the Maharashtra Pollution Control Board (MPCB) in India, conducted daily tests in various cities for long term assessment of air pollutant levels by measuring the quantity and type of air pollutants in the surrounding outdoor air.

Furthermore, growing adoption of technologically advanced systems is also expected to drive the growth in the environmental monitoring systems in the APAC region.

Some of the examples for adoption of advanced environmental monitoring technologies in this region are as follows:

  • In Republic of Korea, the entire smart city of Songdo is built around the Internet of Things which is planned to be completed by 2020. Sensors will be installed throughout the city to monitor air pollution, water pollution, traffic thus creating cleaner environment.
  • The Space Research and Remote Sensing Organization (SPARRSO) of Bangladesh makes use of GIS (geographic information system) and remote sensing technology to monitor forests and coastal afforestation to identify global climate change.

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The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence for some of the key players in this market including Honeywell International Inc. (U.S.), Teledyne Technologies Incorporated (U.S.), Merck KGaA (Germany), Siemens AG (Germany), General Electric (U.S.), HORIBA, Ltd (Japan), ACOEM Group (France), Agilent Technologies, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Danaher Corporation (U.S.), TE Connectivity (Switzerland), Emerson Electric Co. (U.S.), Shimadzu Corporation (Japan), and Testo SE & Co. KGaA (Germany).

With growing awareness about environment protection, a new industry sector emerged as environmental industry that was traditionally focused on developing policies, defining legislations, and creating public awareness and willingness for environment protection. As the industry matured, differed vendors started showing interest in developing the various products aimed towards monitoring the climatic change, manage and conserve the natural resources, and create and disseminate a more sustainable way of life in corporate and civil arenas.

The global environmental monitoring market is expected to grow at a CAGR of 7.5% from 2019 to 2025 to reach $21.08 billion by 2025.

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Asia-Pacific: Fastest growing regional market

North America commanded the largest share of the global environmental monitoring market in 2018, followed by Europe, Asia-Pacific, Latin America, and Middle East & Africa. However, Asia Pacific region is expected to grow at the fastest CAGR during the forecast period owing to increasing implementations of the environmental policies in the region, rapid industrialization, and increasing compliance from industrial facilities towards environmental monitoring regulations laid down in respective countries. Further, growing population in Asian countries is also one of the key factors driving the need to ensure environmental balance in the region, and hence creating a demand for various environmental monitoring technologies.


Environmental Monitoring Market Key Players:

The report includes competitive landscape based on extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 4 years (2016-2019).The key players profiled in the global environmental monitoring market are Honeywell International Inc., Teledyne Technologies Incorporated, Merck KGaA, Siemens AG, General Electric, HORIBA, Ltd, ACOEM Group, Agilent Technologies, Inc., Thermo Fisher Scientific Inc., Danaher Corporation, TE Connectivity, Emerson Electric Co., Shimadzu Corporation, and Testo SE & Co. KGaA.

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This post was originally published on The Market Plan