Environmental monitoring is the procedure of observing & governing the condition of environment caused by industrial operations. The main motive of environmental monitoring is to measure the development of mandate environmental objectives and to assist in detection of growing environmental challenges. Environmental monitoring involve various technologies which are used to observe pollution in air, water, land, waste management. Environmental monitoring produces vital information for local authorities and the government to evaluate present condition of atmosphere which helps in developing plans for adjusting the changes in the environment.
One of the major factor that drives the market growth of environmental monitoring is the rising government initiatives to protect environment from air, water, land, and other kind challenges. Another factor, increasing application of environmental monitoring software for checking industrial pollution is expected to push the growth of environmental monitoring market. However, due to lack of technical knowledge, difficulty in monitoring various characteristics of environment are some of the challenges affecting the market. The factors such as export barriers over environment technologies, sluggish implementation of pollution control policies is expected to restrain the growth of environmental monitoring market.
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Major Key Players
- Agilent Technologies, Inc. (U.S.),
- Danaher Corporation (U.S.),
- Environmental Sensors Inc. (Canada),
- Emerson Electric Co. (U.S.),
- Siemens AG (Germany),
- Nidec Corporation (Japan),
- General Electric Company (U.S.),
- Thales Group (France),
- Lockheed Martin Corporation (U.S.),
- Honeywell International, Inc. (U.S.)
and others, are profiled in Market Research Future analysis and are at the forefront of competition in the global Environmental Monitoring market.
MRFR also asserts that globally, the Environmental Monitoring market is expected to grow to USD ~20 Billion registering a staggering double digit CAGR over ~10% during 2016 to 2022.
Wageningen Environmental Research has been awarded a pilot project on citizen science, an investigation for pesticides in apicultural products. With a total sum of 1.5 million euros, the project will focus on the development of an internationally standardized protocol for environmental monitoring of pesticide use with the help of honeybees.
Drivers and Restraints Impacting the Market
With the rising initiative to protect the environment from water pollution, air pollution, and other hazards, the environment monitoring market is likely to expand. Growing implementation of environmental monitoring and software for industrial pollution check along with government initiatives to develop an eco-friendly infrastructure is anticipated to foster the market growth during the assessment period. The government is taking initiative to protect the environment from water, air, land, and other forms of challenges. This is expected to propel the market growth over the forecast period. Moreover, the growing application of such monitoring software for checking 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 major challenges inhibiting the market growth over the review period. Moreover, factors such as slow implementation of pollution control policies, export barriers over environment technologies, and high cost of implementing environmental monitoring systems are anticipated to hamper the market growth.
Segmentation by Types: Intermittent Monitoring, Continuous Monitoring, Passive Monitoring, Active Monitoring and Others.
Segmentation by Products: Monitors, Sensors, And Software.
Segmentation by Applications: Air Pollution Monitoring, Water Pollution Monitoring, Soil Pollution Monitoring And Noise Pollution Monitoring and Others.
Segmentation by End-Users: Medical, Food & Beverage, Construction, Data Centers, Retail, Government, and, Others.
Segmentation by Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Geographically, the environment monitoring market spans across regions namely, North America, Europe, Asia Pacific, and Rest-of-the-World.
Among all the regions, North America is predicted to dominate the market during the forecast period owing to the increasing government funding for implementing monitoring stations. Also, the strict mandates of the U.S. environmental protection agency are estimated to drive the market in this region.
Europe supports North America in generating the highest revenue by the end of the forecast period to fulfill the rising consumer demand. The European environment agency has established economic policies for industries, thereby expanding the market for environmental monitoring.
Asia Pacific is predicted to be the fastest region during the assessment period owing to the rising initiatives taken by the government for the development of the environment-friendly industries in the Asia Pacific region.
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- Environmental monitoring device manufacturers
- Environmental monitoring software developers
- National & international environment protection agencies
- Research & consultancy
- End-user sectors
- Technology investors
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