The global environmental monitoring market is expected to reach USD 17.9 billion by 2026 from an estimated USD 14.5 billion in 2021, at a CAGR of 4.5% from 2021 to 2026.
An environmental monitoring system is used to analyze air, water, and soil samples and monitor the quality of the environment. This system controls and monitors the environmental state during and after an industrial operation. Market growth is mainly driven by the companies rearranging their operations and recovering from the COVID-19 impact, increasing public awareness about the health implications of environmental pollution, and rising levels of PM2.5 in the air. In addition, increasing government emphasis on compliance to pollution monitoring standards are expected to offer growth opportunities for players in the environmental monitoring market. However, issues related to high product costs and the limited usage of particulate analyzers in emerging and underdeveloped markets are expected to hinder the growth of the environmental monitoring market during the forecast period.
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The competitive landscape includes the analysis of the key growth strategies adopted by major players between 2018–2021 to expand their global presence and increase their market shares in the defibrillator market. The key growth strategies adopted by the top players in the market include product launches & approvals, mergers & acquisitions, collaborations, partnerships, and agreements. Product approvals and launches were the most widely adopted growth strategies by market players in the last three years to garner a larger share of the market. The environmental monitoring market is dominated by Emerson Electric Co. (US), 3M (US), Honeywell International Inc. (US), Thermo Fisher Scientific (US), Danaher (US), Agilent Technologies (US), Shimadzu Corporation (Japan) and PerkinElmer (US),
Emerson Electric is one of the leading technology and manufacturing product-based companies. The company is involved in developing and manufacturing process control instruments, valves, and analytical instruments for industrial automation and commercial & residential solutions. The company offers compressors, temperature sensors & controls, thermostats, flow controls, and remote monitoring technology & services. Emerson operates in more than 152 countries across the world’s major markets, including North America, Latin America, Europe, the Asia Pacific, the Middle East, and Africa. The company has about 205 manufacturing facilities located worldwide, out of which 140 are located outside the US. The company operates its global business through its subsidiaries, including Aperture International Limited (UK), Avocent do Brasil Informatica Ltd (Brazil), Avocent International Holdings Limited (Ireland), Bettis Canada Ltd., and Control Techniques Iberia S.A. (Spain). The company focuses on strengthening its market share and expanding its revenue base in the environmental monitoring segment by expanding its product portfolio through product launches & enhancements. In line with this strategy, the company launched several instruments, including the Daniel T-200, a titanium transducer, Emerson Wireless 1410 S Gateway with Cisco catalyst IW6300, and Rosemount 928 Wireless Gas Monitor. Emerson Electric is also involved in collaborations with key stakeholders to enhance its R&D capabilities and increase public awareness of its environmental monitoring products across the world’s major markets.
3M is a global innovation company that focuses 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. The Safety and Industrial segment of the company offers a broad range of environment (air) quality monitoring solutions, including products for the monitoring of vapors; CO, CO2, and PID; and formaldehyde, PM, and indoor air quality. This segment also offers multi-gas analyzers and single-gas analyzers for industrial use. 3M primarily pursues the strategy of product launches to sustain its position in the global environmental monitoring market. Extensive product portfolio and technological advancements in its monitors are expected to help the company maintain its leadership position in the environmental monitoring market. The company partnered with Cornell University College of Agriculture and Life Sciences (CALS) to create a handbook to design and maintain environmental monitoring programs. The company is mainly dependent on the Americas for revenue generation; in FY 2020, around 52% of the company’s total revenue came from the Americas.
Environmental Monitoring Market by Product Type (Sensors, Indoor Monitors, Outdoor Monitors), Sampling Method, Component, Application, End-User, and Region (North America, Europe, APAC, Latin America, MEA) - Global Forecast to 2026
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