Market for Environmental Monitoring by Product (Sensors), [Analog Sensor, Digital Sensor], Environmental Monitors [Fixed Monitors], Environmental Software), Sampling – Continuous Monitoring, Intermittent – Application (Soil pollution monitoring) – Global Forecast to 2020
Redding, California, January 18, 2022 (GLOBE NEWSWIRE). — According to a new market report titled Environmental Monitoring MarketBy Product (Sensors), [Analog Sensor, Digital Sensor], Environmental Monitors [Fixed Monitors], Environmental Software), Sampling, Intermittent, Continuous Monitoring, and Application (Soil Pollution Monitoring – Global Forecast to 2020, Meticulous Research published this articleThe market for environmental monitoring will grow at a CAGR between 2021-2028 to reach $25.95 million by 2028.
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Environmental monitoring involves the systematic sampling of air and water, soil, noise, biota, and soil in order to monitor and characterize the environment’s quality. Environmental concerns like acid rain, global warming, and thinning of the ozone layer have all highlighted the need to monitor pollutants.
Traditional environmental monitoring devices were slow-moving and had lower accuracy. This highlights the need for better products that can accurately detect toxic substances. The technological advances in sensors and other components have allowed for the development and use of advanced monitoring systems and digital sensor technology over the years. The factors driving the environmental monitoring market include rising government funding for environmental sustainability, development policies and initiatives to reduce pollution, increasing installation of environmental monitoring stations and increasing importance of environmental monitoring solutions within public-private organisations.
Over the past few years, it has become a vital part of our lives to take decisive steps towards achieving environmental sustainability. You can take steps to ensure that the environment is sustainable by supporting and advancing sustainable farming, growing your own food, buying local farmers and producers, and purchasing carbon offsets for reforestation projects.
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Global governments and regional associations are increasing their investments in reducing carbon footprints and building an environmentally sustainable economy. Several green investment banks (GIBs), including the UK Green Investment Bank and the Malaysian Green Technology Corporation, GreenTech Malaysia, Connecticut Green Bank, Clean Energy Finance Corporation, and the California CLEEN Center, are focusing their efforts on funding projects that have the potential to reduce greenhouse gas emissions. In 2021, South Korea’s Green New Deal was created as part of a post COVID-19 initiative. Green New Deal projects received USD 62.5 Billion in public investment. Renewable energy received USD 20.7 Billion, green infrastructure USD 10.3 Billion, and green industrial sector USD 5.4B. The Environment Fund also provided USD 74.2million in 2020, which represented 15% of UN Environment Programme’s total expenditure.
The market for environmental monitoring is segmented by product (environmental monitors, environmental monitor software, other products), sampling (intermittent, continuous monitoring), passive monitoring and active monitoring), and geography (North America and Europe, Asia-Pacific and Latin America, Middle East & Africa, Latin America, Latin America, Latin America, Latin America, Latin America and Middle East & Africa). The study also analyzes the market share of industry competitors at both the global and regional levels.
The environmental monitoring sensors segment held the largest share of the overall market for environmental monitoring in 2021. This segment’s large share can be attributed to its operational flexibility, versatility and small size. It also requires low space requirements and technological advances like the miniaturization and miniaturization sensors and components.
According to application, the air pollution monitoring segment is expected to grow at the fastest CAGR during the forecast period. This segment is supported by the rising levels of pollution and increasing pressure on governments to enforce strict regulations to control it. Other factors that are driving the growth in the air quality monitor segment include increasing funding and technological advancements in monitoring air quality.
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According to sampling, the market for environmental monitoring was the largest segment in 2021. Continuous monitoring allows rapid analysis of pollutants. It can detect changes in concentrations and help to take faster corrective action. These benefits, together with improved control mechanisms and increased public access to environmental information, are driving the continuous monitoring segment’s growth.
In 2021, North America held the largest share in the global environmental monitoring market. North America’s largest share of the global market is due to its growing adoption of advanced monitoring technology, rising government investments, strict mandates from the U.S. environment protection agency, and increased efforts and initiatives in environmental protection.
The global market for environmental monitoring is dominated by Danaher Corporation (USA), Thermo Fisher Scientific Inc., Merck KGaA, Agilent Technologies, Inc., (Germany), TE Connectivity Ltd., (Switzerland), Siemens Group, (Germany), Emerson Electric Co., (U.S.), Honeywell International Inc., (U.S.), Teledyne Technologies Incorporated, (U.S.), Horiba, Ltd. (Ja) and Testo SE KGaA
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Scope of this Report:
Environmental MonitoringMarket by Product
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Environmental Monitoring Sensors
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Market for Environmental Monitoring Sensors, Sorted by Type
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Environmental Monitoring Sensors Market, By Function
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Environmental Monitors
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Environmental Monitoring Software
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Other Environmental Monitoring Products
(Note : Other functions of sensors include biological applications and pH detection, vapor detection and radiation detection sensors.
Data loggers, spectrophotometers and samplers are all other environmental monitoring products.
Environmental MonitoringMarket by Sampling
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Intermittent Monitoring
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Continuous Monitoring
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Passive Monitoring
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Active Monitoring
Environmental MonitoringMarket by Application
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Monitoring of Air Pollution
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Water Pollution Monitoring
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Monitoring Soil Pollution
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Noise Pollution Monitoring
Environmental MonitoringMarket, by Geography
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North America
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Europe
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Germany
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U.K.
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France
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Italy
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Spain
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Rest of Europe
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Asia-Pacific (APAC)
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China
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Japan
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India
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Rest of APAC
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Latin America
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Middle East & Africa
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Source of the Content: https://www.meticulousresearch.com/pressrelease/76/environmental-monitoring-market-2028
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