Uploaded on May 8, 2020
Globally the Environmental monitoring market is expected to grow at the rate of more than ~10% from 2016 to 2022
Environmental Monitoring Market Share
Market Highlights
The global environmental monitoring market is slated to expand at a moderate 10 % CAGR during
the assessment period (2016-2022) owing to the increasing government initiatives to protect the
environment, states Market Research Future (MRFR).
Drivers and Restraints
With the growing initiative to protect the environment from air pollution, water pollution, and
other hazards, the environmental monitoring market is likely to expand. The increasing
implementation of ecological monitoring and software for industrial pollution checks along with
government initiatives to develop a biodegradable infrastructure is anticipated to foster market
growth during the assessment period. The government is taking the initiative to shield the
environment from air, water, land, and other forms of challenges. This is poised to fuel market
growth over the forecast period. Moreover, the rising application of such monitoring software for
examining industrial pollution is predicted to drive the market.
On the flip side, lack of technical expertise and difficulty in monitoring certain aspects owing to
strict government mandates are significant challenges inhibiting the market growth over the
review period. Moreover, factors such as the slow implementation of pollution control policies,
export barriers over environment technologies, and the high cost of implementing environmental
monitoring systems are anticipated to hamper the market growth.
Segmentation:
The global environmental monitoring market share has been analyzed on the basis of type,
products, application, end-users, and region.
By mode of type, the global environmental monitoring market has been segmented into active
monitoring, continuous monitoring, intermittent monitoring, passive monitoring, and others.
By mode of products, the global environmental monitoring market has been segmented into
sensors, monitors, and software.
By mode of application, the global environmental monitoring market has been segmented into
water pollution monitoring, soil pollution monitoring, air pollution monitoring, noise pollution
monitoring, and others. In these, the segment for air pollution monitoring is poised to hold the
maximum market share and is expected to retain its lead over the forecast period due to the
growing usage of compact monitors, wireless technologies, and sensors.
By mode of end-users, the global environmental monitoring market has been segmented into data
centers, food & beverage, government, construction, medical, retail, and others.
Regional Analysis
Geographically, the environment monitoring market extends across regions, namely, Europe, North
America, Asia Pacific, and Rest-of-the-World.
Among all the regions, North America is projected to dominate the market during the forecast
period owing to the growing government funding for implementing monitoring stations. Also, the
strict directives of the U.S. environmental protection agency are assessed to drive the market in this
region.
Europe supports North America in creating the highest revenue by the end of the review period to
fulfill the rising consumer demand. The European environment agency has well-established
economic policies for industries, thus escalating the market growth for environmental monitoring.
The Asia Pacific is slated to be the fastest region during the review period due to the increasing
initiatives taken by the government for the development of the environment-friendly industries in
the Asia Pacific region.
Competitive Analysis
Some of the key players operating the global market are Agilent Technologies Inc. (U.S.), Siemens
AG (Germany), Emerson Electric Co. (U.S.), Nidec Corporation (Japan),Environmental Sensors Inc.
(Canada), General Electric Company (U.S.), Honeywell International Inc. (U.S.), Lockheed Martin
Corporation (U.S.), Thales Group (France), Danaher Corporation (U.S.), and others.
The global environmental monitoring market has a highly competitive scenario. Therefore, the
market players are increasing their investments towards research and development projects and
marketing activities to maintain their position in the market over the review period. Furthermore,
there is an expected rise in mergers, strategic business partnerships, acquisitions, and joint
ventures, to uphold the competitive nature of the market in the foreseeable future.
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