Global Environmental Monitoring Market Report 2024: Market Size, CAGR, Lucrative Segments And Top Regions

Overview and Scope
Environmental monitoring refers to the systematic process of observing, measuring, and assessing various environmental factors to understand and manage the condition of ecosystems, natural resources, and the overall environment. Environmental monitoring protects ecosystems, human health, and overall environmental quality by providing essential data for informed decision-making and proactive ecological management strategies.

Sizing and Forecast
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 in the historic period can be attributed to regulatory compliance, innovation in monitoring solutions, industrialization and urbanization, public awareness and concerns, 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 growth in the forecast period can be attributed to advancements in sensor technology, integration with IoT and ai, emerging environmental regulations, growth in smart cities initiatives, increasing adoption of remote sensing technologies. Major trends in the forecast period include expansion of IoT integration, rise of ai-powered analytics, focus on air quality monitoring, emphasis on water quality management, integration of satellite and remote sensing data.

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Segmentation & Regional Insights
The environmental monitoring market covered in this report is segmented –
1) By Component: Particulate Detection, Chemical Detection, Biological Detection, Temperature Sensing, Moisture Detection, Noise Measurement
2) By Sampling Method: Continuous Monitoring, Active Monitoring, Passive Monitoring, Intermittent Monitoring
3) By Application: Air Pollution, Water Pollution, Soil Pollution, Noise Pollution
4) By End-User: Government, Consumer Electronics, Retail, Medical

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.

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Major Driver Impacting Market Growth
The rising level of air pollution is expected to propel the growth of the environmental monitoring market going forward. Air pollution refers to the presence of harmful or excessive quantities of substances in the Earth’s atmosphere, which can pose risks to human health, the environment, and the overall quality of life. Air pollution is increasing due to the escalating emissions of pollutants from industrial activities, vehicular exhaust, and other human sources. Environmental monitoring is used to track the levels and trends of air pollution over time, identify sources of pollution, assess compliance with regulatory standards, and inform policy decisions to safeguard public health and the environment against the detrimental impacts of air pollution. For instance, according to the United States Environmental Protection Agency, a US-based government agency, carbon dioxide (CO2) emissions from burning fossil fuels grew by 7% in 2021. Furthermore, in February 2024, according to the World Health Organization, a Switzerland-based intergovernmental organization, approximately 7 million premature deaths occur annually due to the association of ambient air pollution and household air pollution. Therefore, the rising level of air pollution is driving the growth of the environment monitoring market.

Key Industry Players
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, bioMérieux SA, Shimadzu Corporation, PerkinElmer Inc., HORIBA Ltd., Spectris plc, Forbes Marshall, Raritan Inc., Powelectncs Limited, Environmental Sensors Inc.

The environmental monitoring market report table of contents includes:
1. Executive Summary

2. Environmental Monitoring Market Characteristics
3. Environmental Monitoring Market Trends And Strategies
4. Environmental Monitoring Market – Macro Economic Scenario
5. Global Environmental Monitoring Market Size and Growth

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32. Global Environmental Monitoring Market Competitive Benchmarking
33. Global Environmental Monitoring Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Environmental Monitoring Market
35. Environmental Monitoring Market Future Outlook and Potential Analysis
36. Appendix

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