Environmental Monitoring Market worth $18.6 billion by 2029
The report "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", size is expected to grow from an estimated USD 18.6 billion in 2029 to USD 14.7 billion by 2024, at a CAGR of 4.9%. Factors such the increasing public awareness about the health implications of environmental pollution, growing government emphasis on compliance to pollution monitoring standards, and rising levels of PM2.5 in the air are high growth prospects for the environmental monitoring market during the forecast period.
Browse 208 market data Tables and 56 Figures spread through 317 Pages and in-depth TOC on "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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The monitors segment is to register a significant growth rate over the forecast period of 2024-2029.
Based on the product, over the forecast period of 2024-2029, the monitors segment is to register a significant growth rate. The environmental monitoring product market is segmented into monitors and software. The monitors segment comprises indoor monitors, outdoor monitors, and portable monitors. The key factors encouraging the growth of monitors segment during the forecast period are the growing installation of environmental monitoring systems/stations/equipment and the continuous development and commercialization of outdoor environment monitoring sensors.
The air pollution monitoring segment accounted for the largest share of environmental monitoring in 2024-2029.
Based on application, during the forecast period, the air pollution monitoring segment is anticipated to dominate the environmental monitoring market, holding the largest market share. The segment commands a significant share due to the implementation of rigorous air pollution control regulations by numerous governments, heightened levels of air pollution in major markets like the US, Europe, China, India, and the Middle East, escalating health anxieties, and the rising acceptance and demand for sensor-based air quality monitoring systems.
Asia Pacific registered the highest CAGR in the market during the forecast period.
In 2024, Asia Pacific is expected to register the highest CAGR in the market for environmental monitoring during the forecast period. Asia Pacific comprises China, India, South Korea, Taiwan, and Singapore, and the rest of Asia Pacific. Factors such as the technological advancements in the field of environmental sensors, increase in government funding for the establishment of environmental monitoring stations and greater adoption of pollution monitoring technologies are driving the growth of the APAC environmental monitoring market during the forecast period.
As of 2023, prominent players in environmental monitoring are Agilent Technologies (US), Danaher (US), Thermo Fisher Scientific (US), Shimadzu Corporation (Japan), PerkinElmer (US), 3M (US), Emerson Electric Co. (US), bioMérieux S.A. (France), Honeywell International Inc. (US), Merck KGaA (Germany), Siemens AG (Germany), Emerson Electric Co. (US), and Forbes Marshall (India), among others.
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