PUBLISHER: The Business Research Company | PRODUCT CODE: 1465770
PUBLISHER: The Business Research Company | PRODUCT CODE: 1465770
Environmental monitoring involves a systematic approach to observing, measuring, and assessing diverse environmental factors with the goal of understanding and managing the condition of ecosystems, natural resources, and the broader environment. This process serves to safeguard ecosystems, human health, and overall environmental quality by furnishing crucial data for informed decision-making and the development of proactive ecological management strategies.
The primary types of environmental monitoring encompass particulate detection, chemical detection, biological detection, temperature sensing, moisture detection, and noise measurement. Particulate detection involves the identification and measurement of solid or liquid particles suspended in a medium. Various sampling methods, such as continuous monitoring, active monitoring, passive monitoring, and intermittent monitoring, are employed in this process. These monitoring techniques find applications in diverse areas, including air pollution, water pollution, soil pollution, and noise pollution. End-users benefiting from these environmental monitoring practices range from government agencies to consumer electronics, retail, and the medical sector.
The environmental monitoring market research report is one of a series of new reports from The Business Research Company that provides environmental monitoring market statistics, including environmental monitoring industry global market size, regional shares, competitors with a environmental monitoring market share, detailed environmental monitoring market segments, market trends and opportunities, and any further data you may need to thrive in the environmental monitoring industry. This environmental monitoring market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The environmental monitoring market size has grown strongly in recent years. It will grow from $16.35 billion in 2023 to $17.52 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth observed in the historical period can be attributed to several factors, including a focus on regulatory compliance, innovations in monitoring solutions, the effects of industrialization and urbanization, heightened public awareness and concerns regarding the environment, and the occurrence of environmental incidents and disasters.
The environmental monitoring market size is expected to see strong growth in the next few years. It will grow to $22.08 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The anticipated growth in the forecast period can be attributed to advancements in sensor technology, increased integration with IoT (Internet of Things) and AI (Artificial Intelligence), the emergence of new environmental regulations, the growth in smart cities initiatives, and an increasing adoption of remote sensing technologies. Key trends in the forecast period include the expanding integration of IoT, the rise of AI-powered analytics, a heightened focus on air quality monitoring, an emphasis on water quality management, and the integration of satellite and remote sensing data into environmental monitoring practices.
The anticipated increase in air pollution levels is expected to drive the growth of the environmental monitoring market. Air pollution, characterized by the presence of harmful or excessive substances in the Earth's atmosphere, poses risks to human health, the environment, and overall quality of life. Escalating emissions from industrial activities, vehicular exhaust, and other human sources contribute to the rising levels of air pollution. Environmental monitoring plays a crucial role in tracking pollution levels, identifying sources, assessing compliance with regulatory standards, and informing policy decisions to protect public health and the environment. According to the United States Environmental Protection Agency, carbon dioxide (CO2) emissions from burning fossil fuels grew by 7% in 2021. The World Health Organization also reports approximately 7 million premature deaths annually due to the association of ambient air pollution and household air pollution. The increasing air pollution levels underscore the significance of the environmental monitoring market in addressing environmental challenges.
Key players in the environmental monitoring market are actively developing innovative solutions, including ASIO environmental monitoring systems, to gain a competitive advantage. ASIO environmental monitoring systems comprise integrated networks of sensors, instruments, and technologies designed to measure various environmental parameters, such as air quality, water quality, soil conditions, weather patterns, and biodiversity. In June 2023, BIRD Aerosystems, an Israel-based defense technology and solutions company, introduced the ASIO environmental monitoring system. This cutting-edge solution focuses on detecting and addressing maritime pollution, particularly oil spills, using advanced technology such as the SEA EYE sensor. The ASIO system offers real-time detection and classification of oil and organic substances on the water's surface, facilitating swift response and mitigation efforts. With AI capabilities and prediction tools, the ASIO system enables authorities to manage environmental crises effectively, minimizing ecological and economic impacts while ensuring efficient cleanup operations.
In November 2021, Acoem, a France-based industrial and environmental technology solutions company, completed the acquisition of Met One Instruments Inc. for an undisclosed amount. This strategic move is expected to enhance Acoem's position as a comprehensive environmental monitoring solutions provider, strengthening its technological capabilities and global reach to meet the growing demand for precise air quality monitoring solutions worldwide. Met One Instruments Inc., a US-based electronic manufacturing company, specializes in designing and manufacturing meteorological instruments, contributing to organizations' efforts to monitor and maintain air quality standards for a healthier environment.
Major companies operating in the environmental monitoring market are Siemens AG, Raytheon Technologies Corporation, Lockheed Martin Corporation, General Electric Company, Thermo Fisher Scientific Inc., Honeywell International Inc., 3M Company, Danaher Corporation, Merck KGaA, Texas Instruments Inc., Thales Group, Nidec Corporation, TE Connectivity Ltd., Emerson Electric Co., Agilent Technologies Inc., Teledyne Technologies Incorporated, AMS AG, bioMerieux SA, Shimadzu Corporation, PerkinElmer Inc., HORIBA Ltd., Spectris plc, Forbes Marshall, Raritan Inc., Powelectncs Limited, Environmental Sensors Inc.
North America was the largest region in the environmental monitoring market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the environmental monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the environmental monitoring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The environmental monitoring market consists of revenues earned by entities by providing services such as air quality monitoring services, water quality monitoring services, remote sensing, and geographic information system (GIS) services. The market value includes the value of related goods sold by the service provider or included within the service offering. The environmental monitoring market also includes sales of sensors, analytical instruments, data loggers, and recorders. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Environmental Monitoring Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on environmental monitoring market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for environmental monitoring ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The environmental monitoring market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.