Increase in Need for Better Resource Management Expected to Drive Global Environmental Monitoring Market: Ken Research
The Environment monitoring is a process that is widely used for monitoring the quality of the environment globally. Moreover, it is also a method of sampling and analyzing the specific environmental media associated to air, water, soil, and plants for measuring the environment status. One of the primary objectives of environment monitoring system includes the measurement and collection of pollutants for assessing the status of an environment.
According to study, “Environmental Monitoring Market by Component (Particulate Detection, Chemical Detection, Biological Detection, Temperature Sensing, Moisture Detection, and Noise Measurement), Product Type (Environmental Monitoring Sensors, Environmental Monitors, Environmental Monitoring Software and Wearable Environmental Monitors), Sampling Method (Continuous Monitoring, Active Monitoring, Passive Monitoring, and Intermittent Monitoring), and Application (Air Pollution Monitoring, Water Pollution Monitoring, Soil Pollution Monitoring, and Noise Pollution Monitoring): Global Opportunity Analysis and Industry Forecast, 2019-2026”. Some of the key companies operating in the global environmental monitoring market are Honeywell International, Inc., Emerson Electric Co., Merck KGaA, General Electric, Teledyne Technologies Incorporated, 3M, Siemens AG, Thermofisher Scientific, TE Connectivity, and Danaher Corporation.
Based on component, environmental monitoring market is segmented into chemical detection (VOC detection, pesticide detection, gas detection, and others), particulate detection, biological detection, moisture detection, temperature sensing, and noise measurement. The particulate detection segment dominates the market owing to increase in market demand for outdoor & indoor air quality or PM monitors, increase in levels of PM2.5 and PM10 in the air, and rapid rise in air pollution levels in emerging countries. Based on product type, market is segmented into environmental monitoring software, environmental monitors, environmental monitoring sensors, and wearable environmental monitors. Based on sampling method, market is segmented into active monitoring, passive monitoring, continuous monitoring, and intermittent monitoring.
The continuous monitoring sampling method segment is anticipated to witness higher CAGR due to rise in levels of environmental pollution and growth in public emphasis on the development of environment-friendly industries during the forecast period. In addition, based on application, market is segmented into air pollution monitoring, soil pollution monitoring, water pollution monitoring (surface & ground water monitoring and wastewater monitoring), and noise pollution monitoring. Air pollution monitoring segment is also anticipated to witness higher CAGR because of rise in acceptance and demand for sensor-based air quality monitoring systems as well as increase in health concerns during the forecast period.
The environmental monitoring market is driven by rise in health concern, followed by increase in the need for better resource management, rise in deaths due to surge in pollution levels, ongoing installation of environmental monitoring sensors and growth in development of environmentally friendly industries. However, slow implementation of pollution control reforms in emerging countries and high product costs may impact the market. Moreover, rise in participation and increases in investments by businesses for deployment of pollution monitoring are key opportunities for the market.
Based on geography, the North-American region holds major share in global environmental monitoring market owing to rise in government funding for the implementing environmental monitoring stations coupled with stringent rules & regulations of U.S. environmental protection agency in the region. Whereas, the Asian-Pacific and European regions are predicted to depict higher growth rate due to growth in technological advancements in the field of environmental sensors over the forecast period.
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Ankur Gupta, Head Marketing & Communications