Redding (California), Jan. 18, 2022 — According to a brand new market research 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. Technological advancements in sensors have resulted in the development of advanced monitoring systems as well as digital sensors. 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 growing importance of environmental monitoring solutions within public-private organisations.
The importance of taking decisive steps towards environmental sustainability has increased over the past few decades. There are several environmental sustainability factors that you can put into practice. These include supporting and advancing sustainable agriculture, planting your own gardens to grow what you eat, and buying carbon offsets to support the reforestation of other regenerative projects.
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Global governments and regional associations are increasing their investments in reducing carbon footprints and building an environmentally sustainable economy. Various green investment banks (GIBs), such as 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 were awarded USD 62.5 billion in public investments. Green infrastructure received USD 10.3 billion and renewable energy received USD 20.7 million. Green industrial sectors received USD 5.4 billion. 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 monitors software, and other environmental monitoring products), sampling (intermittent and continuous monitoring, passive and active monitoring), application (air pollution monitoring, soil monitoring, and noise pollution monitoring), and geography (North America and Europe, Asia-Pacific and Latin America, Middle East & Africa, Latin America, Latin America, Latin America, Latin America, and North America). The study also analyzes the market share of industry competitors at both the global and regional levels.
The market share for environmental monitoring sensors was the largest in 2021. The large market share is due to the environmental monitoring sensor’s operational flexibility, versatility, small size, low maintenance costs, low space requirements, and technological advancements such as the miniaturization or component of sensors.
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 rising levels and increased pressure on governing bodies for strict guidelines and regulations to reduce air pollution. The growth of the segment is also supported by increasing funding and technological advances in air quality monitoring.
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According to sampling, the market for environmental monitoring was the largest segment in 2021. Continuous monitoring allows for rapid analysis of pollutants. It can detect increases or decreases of pollutants and allow for faster corrective actions. These benefits, along the increased availability of better control mechanisms for protecting the environment and public access to information about the environment, are the driving forces behind the growth of continuous monitoring.
In 2021, North America held the largest share in the global environmental monitoring market. North America’s largest share in global market is due to rising adoption of advanced monitoring technologies, increasing government investments, strict mandates by the U.S. Environmental Protection Agency, and increasing efforts and initiatives toward 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
- Environmental Monitoring Sensors
- Market for Environmental Monitoring Sensors by Type
- Environmental Monitoring Sensors Market, By Function
- Temperature Sensing
- Chemical detection
- Pressure Detection
- Humidity/Moisture detection
- Particulate Detection
- Noise Measurement
- Other Functions
- Environmental Monitors
- Environmental Monitoring Software
- 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
- Intermittent Monitoring
- Continuous Monitoring
- Passive Monitoring
- Active Monitoring
Environmental MonitoringMarket, by Application
- Monitoring Air Pollution
- Monitoring Water Pollution
- Monitoring Soil Pollution
- Noise Pollution Monitoring
Environmental MonitoringMarket by Geography
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe (RoE).
- Asia-Pacific (APAC)
- China
- Japan
- India
- Rest of APAC (RoAPAC).
- Latin America
- Middle East & Africa
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Similar Report:
Environmental Testing Market by Product (Mass Spectrometers, Chromatography Products, Molecular Spectroscopy Products, Toc Analyzers, PH Meters, Dissolved Oxygen Analyzers, Conductivity Sensors, Turbidity Meters), Sample (Wastewater/Effluent, Soil, Water, Air), Technology (Conventional, Rapid), Contaminant (Microbes, Organic Compounds, Heavy Metals, Residues, Solids), End Users (Agriculture and Irrigation Sector, Government Institutes and R and D Laboratories, Industrial Product Manufacturers, Forestry and Geology, Others), and Region – Global Forecast to 2025
https://www.meticulousresearch.com/product/environmental-testing-market-5002
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Source: https://www.meticulousresearch.com/pressrelease/76/environmental-monitoring-market-2028
