3M (US) and Emerson Electric Co. (US) are Leading players in the Environmental Monitoring Market
The global environmental monitoring market is projected to reach USD 18.6 billion by 2029 from USD 14.7 billion in 2024, at a CAGR of 4.9% from 2024 to 2029. The rising levels of PM2.5 in the air, advancements in the wireless communication technologies, both cellular and non-cellular, increasing health concerns resulting from escalating pollution levels, rising public consciousness regarding the health consequences of environmental pollution, and growing governmental focus on adhering to pollution monitoring standards. These key factors are encouraging the growth of environmental monitoring market globally.
The environmental monitoring market exhibits moderate competitiveness, featuring both established companies and emerging competitors for the same market share. As of 2023, the key player operating in the global environmental monitoring market are 3M (US), Emerson Electric Co. (US), Honeywell International Inc. (US), Agilent Technologies (US), Danaher (US), Thermo Fisher Scientific (US), Shimadzu Corporation (Japan), PerkinElmer (US), bioMérieux S.A. (France), Merck KGaA (Germany), Siemens AG (Germany), Emerson Electric Co. (US), and Forbes Marshall (India).
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In the past four years, top players in this market have employed key strategies such as obtaining product approvals, making acquisitions, and undertaking expansions. In 2023, a major share of the Environmental monitoring market was held by Emerson Electric Co. (US), 3M (US), Honeywell International Inc. (US), Thermo Fisher Scientific (US), Danaher (US) and Agilent Technologies (US).
3M (US):
3M is a multinational innovation company with a substantial global footprint in the environmental monitoring market, positioned as one of its key players worldwide. Operating across numerous countries, the company boasts manufacturing, research and development facilities, and sales offices spanning the globe. 3M provides a wide array of environmental and air quality monitoring solutions, including products for tracking vapors, CO, CO2, PID, formaldehyde, PM, and indoor air quality. The company emphasizes on innovation and product launches in the field of environmental monitoring to provide advanced solutions to industry professionals to detect the quality of the environment.
3M prioritizes enhancing its R&D capabilities through heightened investments in research, securing product approvals, and expanding its global reach. Leveraging its comprehensive technological innovations and product lineup within its monitoring solutions, the company anticipates sustaining its leadership role.
EMERSON ELECTRIC CO. (US):
Emerson Electric is one of the leading technology and manufacturing product-based companies in the world. It engages in the development, manufacturing, and marketing of analytical instruments for industrial automation, as well as process control instruments for both commercial and residential applications. Additionally, it offers a range of products including temperature sensors and controls, flow controls, thermostats, compressors, and remote monitoring technology and services. With a significant presence in the global environmental monitoring market, Emerson Electric has an extensive distribution network spanning developed and developing nations for the distribution of its environmental monitoring products. The company focuses on innovation, striving to introduce new products while seeking product approvals. It also collaborates with key stakeholders to increase its R&D capabilities and enhance public awareness of its environmental monitoring solutions in major global markets, thus expecting to grow rapidly in the coming years.
DANAHER CORPORATION (US):
Danaher Corporation is a leading manufacturer and supplier of environmental monitoring devices, offering a variety of solutions for air and water monitoring. The company's strategic focus centers on acquisitions and partnerships to sustain its market position and drive future expansion. Danaher expands its environmental monitoring portfolio through the acquisition of Sedaru, Inc. (US). Renowned in the global environmental monitoring market, the company is recognized for integrating cutting-edge technologies into its products. As a key player in the environmental monitoring sector, Danaher invests significantly in R&D to continually enhance its diverse product portfolio.
Related Reports:
Environmental Monitoring Market by Product Type (Sensors, Indoor Monitors, Outdoor Monitors), Sampling Method (Continuous, Active, Passive, Intermittent), Component, Application, End-User, and Region - Global Forecast to 2029
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