Environmental Monitoring Market by Component, Product, Type, Application, End-Use

Description

List of Tables

[181 Pages Report] The Environmental Monitoring Market size was estimated at USD 14.64 billion in 2023 and expected to reach USD 15.70 billion in 2024, at a CAGR 7.33% to reach USD 24.02 billion by 2030.

The environment monitoring involves the deployment of technologies and systems designed to track and analyze environmental conditions such as air and water quality, pollution levels, and climate variations. This market plays a crucial role in helping governments, industries, and communities understand and mitigate environmental impacts. Increasing availability of stringent environmental regulations that mandate regular monitoring and reporting is drivice sthe growth of the environment monitoring market. Additionally, there is a heightened public awareness of the health impacts of pollution, driven by research linking poor air and water quality to respiratory and cardiovascular diseases, among other health issues expands the dmenad for environment monitoring solutions. High implementation costs of advanced equipment hampers the growth of the market. The rising development of cost-effective monitoring solutions, such as affordable sensors and open-source software platforms are expected to create opportunities for market growth. The integration of the Internet of Things (IoT) and big data analytics further enhances the capabilities of monitoring systems, allowing for the collection and processing of vast amounts of data with unprecedented accuracy and speed.

KEY MARKET STATISTICS
Base Year [2023]	USD 14.64 billion
Estimated Year [2024]	USD 15.70 billion
Forecast Year [2030]	USD 24.02 billion
CAGR (%)	7.33%

Regional Insights

The environment monitoring market in the Americas is primarily driven by stringent environmental regulations, such as the Clean Air Act and Clean Water Act in the United States, which mandate regular monitoring and reporting of pollution levels. Additionally, the region benefits from advanced technological adoption and a strong focus on sustainability initiatives. Companies and governments are investing heavily in sophisticated monitoring systems to address issues including, air and water pollution, climate change, and hazardous waste management. In the Asia-Pacific (APAC) region, the market is experiencing rapid growth due to factors including, industrialization, urbanization, and increasing environmental awareness. Countries such as China and India are witnessing significant pollution challenges, prompting government initiatives to implement stricter environmental policies and monitoring programs. The demand for advanced monitoring technologies is rising as these nations seek to mitigate the adverse effects of pollution and ensure sustainable development. Investments in smart cities and infrastructure development further propel the adoption of environment monitoring solutions. Meanwhile, the Europe, Middle East, and Africa (EMEA) region is seeing steady expansion in the environment monitoring market, driven by robust regulatory frameworks and increasing investment in environmental protection. The European Union's comprehensive environmental legislation, including the Air Quality Directive and the Water Framework Directive, enforces rigorous monitoring and compliance standards. Public concern over environmental health impacts, coupled with government and private sector initiatives, is fostering the adoption of advanced monitoring technologies. In the Middle East and Africa, growing awareness of environmental issues and the need for sustainable resource management are driving market growth, despite economic and infrastructural challenges.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Environmental Monitoring Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Rising pollution levels with increasing industrialization and urbanization
- Favorable government policies and initiatives for environmental monitoring
- High potential with the rising adoption of corporate social responsibility (CSR) and sustainable practices

Market Restraints
- High cost associated with environment monitoring products

Market Opportunities
- Development of miniaturization technology in sensors and sensor components
- Rising use of unmanned aerial vehicles for environmental monitoring

Market Challenges
- Certain technical limitations with the usage of environmental monitoring devices

Market Segmentation Analysis
- Component: Growing usage of drones & satellites as they have high-resolution imagery and data collection capabilities
- End-Use: High potential of environmental monitoring across commercial & industrial sectors to track air and water quality

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Environmental Monitoring Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Environmental Monitoring Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Particle Measuring Systems Acquires EMS to Enhance Global Cleanroom Contamination Control

Particle Measuring Systems Inc. acquired Environmental Monitoring Services (EMS) and EMS Particle Solutions, including their parent company. EMS is recognized as a leader in the cleanroom industry, offering comprehensive monitoring and control solutions. This acquisition complements Particle Measuring Systems' expertise in contamination monitoring for cleanrooms and aseptic environments and aligns with its strategy to provide direct support in key global markets. [Published On: 2023-10-24]

Spark New Zealand Acquires Adroit to Boost Productivity and Sustainability for Businesses

Spark New Zealand has signed a conditional agreement to acquire the remaining shares of Adroit, a leading environmental Internet of Things (IoT) provider. This move enhances Spark's capability to support local businesses in becoming more productive and sustainable through advanced technology. [Published On: 2023-10-17]

Vertiv Launches Geist Watchdog 15 for Enhanced Data Center Environmental Monitoring in India

Vertiv has introduced the Geist Watchdog 15 environmental sensor solution to improve data center management and monitoring in India. This self-contained monitor tracks temperature, humidity, and dewpoint in real-time and supports up to four additional plug-and-play sensors. It offers real-time sensor data, logging, and graphing capabilities, and alerts data center managers via email and email-to-SMS when conditions exceed set thresholds. The solution is easy to install and configure using a standard web browser. [Published On: 2023-08-09]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Environmental Monitoring Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Environmental Monitoring Market, highlighting leading vendors and their innovative profiles. These include 3M Company, AECOM, Aeroqual Limited, Agilent Technologies, Inc., Attune, BAE Systems PLC, BALL Corporation, Danaher Corporation, Digi International Inc., Durr Megtec LLC, E.S.I. Environment Sensors Inc., Emerson Electric Co., General Electric Company, Honeywell International Inc., HORIBA, Ltd., Lockheed Martin Corporation, Merck KGaA, Planet Labs PBC, Raytheon Technologies Corporation, Siemens AG, Spark New Zealand Trading Limited, TE Connectivity Ltd., Teledyne Technologies Incorporated, and Vertiv Group Corporation.

Market Segmentation & Coverage

This research report categorizes the Environmental Monitoring Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
- Drones & Satellites
- Sensors
- Software

Product
- Fixed Monitoring Systems
- Portable Monitoring Systems

Type
- Air Monitoring
- Noise Monitoring
- Soil Monitoring
- Water Monitoring

Application
- Conservation Efforts
- Health & Safety Compliance
- Pollution Tracking & Control

End-Use
- Commercial & Industrial Sector
- Government & Regulatory Agencies
- Research Institutions & Academia

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-4348D129FAB3

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising pollution levels with increasing industrialization and urbanization
  - 5.1.1.2. Favorable government policies and initiatives for environmental monitoring
  - 5.1.1.3. High potential with the rising adoption of corporate social responsibility (CSR) and sustainable practices
- 5.1.2. Restraints
  - 5.1.2.1. High cost associated with environment monitoring products
- 5.1.3. Opportunities
  - 5.1.3.1. Development of miniaturization technology in sensors and sensor components
  - 5.1.3.2. Rising use of unmanned aerial vehicles for environmental monitoring
- 5.1.4. Challenges
  - 5.1.4.1. Certain technical limitations with the usage of environmental monitoring devices
5.2. Market Segmentation Analysis
- 5.2.1. Component: Growing usage of drones & satellites as they have high-resolution imagery and data collection capabilities
- 5.2.2. End-Use: High potential of environmental monitoring across commercial & industrial sectors to track air and water quality
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Environmental Monitoring Market, by Component

6.1. Introduction
6.2. Drones & Satellites
6.3. Sensors
6.4. Software

7. Environmental Monitoring Market, by Product

7.1. Introduction
7.2. Fixed Monitoring Systems
7.3. Portable Monitoring Systems

8. Environmental Monitoring Market, by Type

8.1. Introduction
8.2. Air Monitoring
8.3. Noise Monitoring
8.4. Soil Monitoring
8.5. Water Monitoring

9. Environmental Monitoring Market, by Application

9.1. Introduction
9.2. Conservation Efforts
9.3. Health & Safety Compliance
9.4. Pollution Tracking & Control

10. Environmental Monitoring Market, by End-Use

10.1. Introduction
10.2. Commercial & Industrial Sector
10.3. Government & Regulatory Agencies
10.4. Research Institutions & Academia

11. Americas Environmental Monitoring Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Environmental Monitoring Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Environmental Monitoring Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. Particle Measuring Systems Acquires EMS to Enhance Global Cleanroom Contamination Control
- 14.3.2. Spark New Zealand Acquires Adroit to Boost Productivity and Sustainability for Businesses
- 14.3.3. Vertiv Launches Geist Watchdog 15 for Enhanced Data Center Environmental Monitoring in India
14.4. Strategy Analysis & Recommendation

15. Competitive Portfolio

15.1. Key Company Profiles
15.2. Key Product Portfolio