HOME › Press Releases › Environmental Monitoring Market worth 19.56 Billion by 2021
Environmental Monitoring Market worth 19.56 Billion by 2021
The report "Environmental Monitoring Market by Product (Monitor (Fixed, Portable), Sensor (Analog, Digital), and Software), Sampling Method (Intermittent, Continuous, Active, Passive), Application (Particulate Matter, Air, Gas, Water, Soil, Noise) - Forecast to 2021", analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia-Pacific, and the Rest of the world (RoW).
Browse 75 market data tables and 42 figures spread through 172 pages and in-depth TOC on “Environmental Monitoring Market by Product (Monitor (Fixed, Portable), Sensor (Analog, Digital), and Software), Sampling Method (Intermittent, Continuous, Active, Passive), Application (Particulate Matter, Air, Gas, Water, Soil, Noise) - Forecast to 2021”
Early buyers will receive 10% customization on reports.
This report studies the environmental monitoring market over the forecast period of 2016 to 2021. The market is expected to reach USD 19.56 Billion by 2021, growing at a CAGR of 7.7% during the forecast period. Factors such as increasing number of government initiatives to control environmental pollution levels, increasing government funding for pollution control and monitoring, ongoing installations of environment monitoring stations, and growing initiatives for the development of environment-friendly industries are propelling the growth of the environmental monitoring market.
On the basis of product, the global environmental monitoring market is divided into three major categories, namely, environmental monitors, environmental sensors, and environmental monitoring software. Environmental monitors are further categorized into fixed monitors and portable monitors. The environmental sensors segment is further divided on the basis of product architecture (analog sensors and digital sensors) and on basis of applications (temperature sensing, moisture detection, chemical detection, biological detection, particulate detection, and noise measurement). The environmental monitoring segment is expected to command the largest share in the global environmental monitoring market in 2016. This large market share can primarily be attributed to rising use of sensors for pollution monitoring, growing demand for water and air monitoring sensors in developing markets, and expansions in the installation base for environmental monitors.
On the basis of sampling methods, the global environmental monitoring market is divided into four major categories, namely, intermittent monitoring, continuous monitoring, passive monitoring and active monitoring. The continuous monitoring segment is expected to command the largest share of the global environmental monitoring market in 2016. This large market share can be attributed to growing emphasis on the development of environment-friendly industries and rising levels of environmental pollution across major markets.
North America is expected to be the largest regional segment in the global environmental monitoring market in 2016, followed by Europe. However, the Asia-Pacific market is expected to grow at the highest CAGR from 2016 to 2021. Factors such as rapid industrialization in Asia-Pacific countries (such as China and India), implementation of increasingly stringent environmental regulation policies, and the growing need to comply with various environmental safety regulations are stimulating the growth of the environmental monitoring market in the Asia-Pacific region.
As of 2015, Agilent Technologies, Inc. (U.S.), Danaher Corporation (U.S.), Honeywell International Inc. (U.S.), Siemens AG (Germany), Thermo Fisher Scientific Inc. (U.S.), TE Connectivity Ltd. (Switzerland), General Electric Company (U.S.), Emerson Electric Co. (U.S.), Teledyne Technologies Inc. (U.S.), and Merck KGaA (Germany) are some of the key players operating in the global environmental monitoring market.
The environment monitoring market is offering high growth opportunities to the market players. Rapid industrialization and urbanization has contributed significantly towards the deterioration of air, water, and soil quality levels over the decades. With several governments playing an active role in funding and initiating effective pollution control and monitoring programs, the global environmental monitoring market is expected to grow at a significant pace in the next five years.
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India