Environmental Monitoring Market Size worth $17.9 billion by 2026 - Exclusive Report by MarketsandMarkets™

/EIN News/ -- Chicago, Jan. 26, 2023 (GLOBE NEWSWIRE) -- According to the new market research report "Environmental Monitoring Market Size, Growth by Product Type (Sensors, Indoor Monitors, Outdoor Monitors), Sampling Method, Component, Application, End-User, and Region (North America, Europe, APAC, Latin America, MEA) - Global Forecast to 2026", The global environmental monitoring market is projected to reach USD 17.9 billion by 2026, growing at a CAGR of 4.5%.

Browse in-depth TOC on "Environmental Monitoring Market"
205 - Tables
54 - Figures
321 - Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=216846315

Scope of the Report:

Report Coverage	Details
Market Size	USD 17.9 billion by 2026
CAGR	4.5%
Historical Data	2019–2026
Base Year	2020
Forecast Period	2021-2026
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Product Type, Sampling Method, Component, Application, End User, and Region
Geographies Covered	North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
Key Companies Profiled/Vendors	Prominent players in the environmental monitoring market include Agilent Technologies (US), Danaher (US), Thermo Fisher Scientific (US), Shimadzu Corporation (Japan), PerkinElmer (US), 3M (US), Emerson Electric Co. (US), bioMérieux S.A. (France), Honeywell International Inc. (US), Merck KGaA (Germany), Siemens AG (Germany), Emerson Electric Co. (US), and Forbes Marshall (India).   Other players in the market include E.S.I. Environmental Sensors Inc. (Canada), HORIBA, Ltd. (Japan), Spectris plc (UK), TE Connectivity (US), Teledyne Technologies Incorporated (US), Raytheon Technologies Corporation (US), AMS AG (Austria), Powelectrics Limited (UK), Raritan Inc. (US), Texas Instruments Inc. (US), Sensirion Holding AG (Switzerland), Eurotech SPA (Italy), Omega Engineering (US), NESA SRL (Italy), EKO Instruments BV (Japan), Aeroqual (New Zealand), Plume Labs (France), and Atmotech Inc. (US).
Key Market Opportunities	Supportive government rules and regulations to reduce environmental pollution
Key Market Drivers	Increasing need for efficient natural resource management

An environmental monitoring system is used to analyze air, water, and soil samples and monitor the quality of the environment. This system controls and monitors the environmental state during and after an industrial operation.

Growth in this market is mainly driven by the companies rearranging their operations and recovering from the COVID-19 impact, increasing public awareness about the health implications of environmental pollution, and rising levels of PM2.5 in the air. In addition, increasing government emphasis on compliance to pollution monitoring standards are expected to offer growth opportunities for players in the environmental monitoring market.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=216846315

Most nations’ economies rely on natural resources for revenue generation, including material resources such as fossil fuels, metals, non-metallic minerals and biomass, water, and land. Using natural resources sustainably to increase their productivity and reduce the rate of depletion would be a win-win for the environment and economic growth. Economies can become more resilient by reducing material dependence and adopting circular business models. Lower levels of material inputs cut waste flows and emissions, reduce risk factors affecting human health and well-being, and lower short-term production and consumption costs, as well as long-term societal costs. Sustainable management of resources in agriculture, forestry, fishing, mining, and quarrying can limit the environmental impacts of these industries and help mitigate climate change and biodiversity loss. Owing to this, the demand for environmental monitoring systems has increased, as these devices help monitor pollution of air, water, soil and noise.

However, issues related to high product costs and the limited usage of particulate analyzers in emerging and underdeveloped markets are expected to hinder the growth of the environmental monitoring market during the forecast period.

On the basis of product type, the environmental monitoring market is segmented into monitors and software. The environmental monitors are further divided into indoor monitors, outdoor monitors, and portable monitors. The monitors segment accounted for 88.6% of the global environmental monitoring market in 2020, while outdoor environmental monitors segment group accounts for 44.1% of environmental monitors market in 2020. The large share of this market segment can be attributed to the increasing adoption of pollution monitoring strategies across industries.

Based on the sampling method, the environmental monitoring market is segmented into continuous, active, passive, and intermittent monitoring. In 2020, the continuous monitoring segment accounted for the largest share of the environmental monitoring market with a share of 57.11%. The large share of this segment can primarily be attributed to the growing public emphasis on the development of environment-friendly industries, real-time monitoring of samples, and the rising levels of environmental pollution in major regions across the globe.

Based on component, the environmental monitoring market is segmented into particulate detection, chemical detection, biological detection, temperature sensing, moisture detection, and noise measurement. The particulate detection is further divided into PM2.5 detection, PM10 detection and other detection, whereas the chemical detection is further segmented into gas detection, volatile organic compound detection, pesticide detection and other chemicals. The particulate detection segment accounted for the largest share of 47.2% of the environmental monitoring market in 2020. This can be attributed to the rising levels of PM2.5 and PM10 in the air, increasing market demand for outdoor and indoor air quality monitors or PM monitors, and rapid rise in air pollution levels due to increasing industrialization and urbanization in the emerging countries.

Based on application, the environmental monitoring market is segmented into air pollution monitoring, water pollution monitoring, soil pollution monitoring, and noise pollution monitoring. The water pollution monitoring segment is further categorized as surface & groundwater monitoring and wastewater monitoring. The air pollution monitoring segment accounted for the largest share of 54.16% of the environmental monitoring market in 2020. This can be attributed to the rising level of air pollution across key markets (such as the US, Europe, China, India, and the Middle East), growing acceptance and demand for sensor-based air quality monitoring systems, increasing health concerns, and stringent air pollution control legislation by several governments.

Based on end users, the environmental monitoring market is segmented into government agencies & smart city authorities, enterprises, commercial users, residential users, healthcare & pharmaceutical industries, industrial users, and other end users. The industrial users segment dominated the environmental monitoring market, with a share of 27.2%, in 2020. This can be attributed to the growing number of power plants and refineries and urbanization in emerging countries.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=216846315

Geographical Growth Scenario:

The environmental monitoring market has been segmented into five major regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. In 2020, North America accounted for the largest share of 50.6% of the environmental monitoring market, followed by Europe with a share of 25.5%. On the other hand, the Asia Pacific market is estimated to register the highest growth rate during the forecast period. This can primarily be attributed to the increase in government funding for the establishment of environmental monitoring stations, stringent regulations that support the greater adoption of pollution monitoring technologies, and technological advancements in the field of environmental sensors.

Key Players:

The environmental monitoring market is dominated by Agilent Technologies (US), Danaher (US), Thermo Fisher Scientific (US), Shimadzu Corporation (Japan), PerkinElmer (US), 3M (US), Emerson Electric Co. (US), bioMérieux S.A. (France), Honeywell International Inc. (US), Merck KGaA (Germany), Siemens AG (Germany), Emerson Electric Co. (US), and Forbes Marshall (India).

Browse Adjacent Markets: Analytical and Scientific Instrumentation Market Research Reports & Consulting

Browse Related Reports:

Particle Counters Market

Particle Size Analysis Market

Air Quality Monitoring System Market

Radiation Dose Management Market

Radiation Detection, Monitoring & Safety Market

About MarketsandMarkets™
                    
                    MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
                    
                    The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
                    
                    Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
                    
                    To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
                    
                    Contact:
                    Mr. Aashish Mehra
                    MarketsandMarkets™ INC.
                    630 Dundee Road
                    Suite 430
                    Northbrook, IL 60062
                    USA: +1-888-600-6441
                    Email: sales@marketsandmarkets.com