The environmental sensing and monitoring technology global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Environmental Sensing And Monitoring Technology Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The environmental sensing and monitoring technology market size has grown strongly in recent years. It will grow from $16.53 billion in 2023 to $17.58 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to regulatory compliance, public awareness and concerns, industrialization and urbanization, natural disasters and climate change, globalization and trade.
The environmental sensing and monitoring technology market size is expected to see strong growth in the next few years. It will grow to $21.43 billion in 2028 at a compound annual growth rate (CAGR) of 5%. The growth in the forecast period can be attributed to precision agriculture, smart cities initiatives, renewable energy expansion, epidemic and pandemic preparedness. Major trends in the forecast period include internet of things (IoT) integration, artificial intelligence (AI) and machine learning (ML) algorithms, technological advancements.
Order your report now for swift delivery @
https://www.thebusinessresearchcompany.com/report/environmental-sensing-and-monitoring-technology-global-market-report
Scope Of Environmental Sensing And Monitoring Technology Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Environmental Sensing And Monitoring Technology Market Overview
Market Drivers –
The increasing air pollution, water contamination, and soil erosion are expected to propel the growth of the environmental sensing and monitoring technology market going forward. Air pollution, water contamination, and soil erosion refer to ecological degradation caused by introducing harmful substances and disruptions to natural ecosystems. Burning fossil fuels for energy in vehicles, industries, and power plants releases pollutants, and industrial waste from factories dampens the ecological condition. Environmental sensing and monitoring technologies are utilized to track and analyze air pollution, water contamination, and soil erosion by collecting real-time data on pollutant levels, water quality, and soil conditions, aiding in assessing and mitigating environmental issues. For instance, in September 2023, according to the World Health Organization, a Switzerland-based intergovernmental organization, 1.8 billion people worldwide consume water that is contaminated. Furthermore, in March 2023, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, in 2022, global energy-related carbon dioxide (CO2) emissions increased by 0.9%, equivalent to 321 million metric tons, reaching a record high of over 36.8 billion metric tons. Therefore, increasing air pollution, water contamination, and soil erosion are expected to propel the growth of the environmental sensing and monitoring technology market.
Market Trends –
Major companies operating in the environmental sensing and monitoring technology market are focusing on developing next-generation solutions such as environmental sensors to enhance real-time data collection and analysis. The solution utilizes IoT for real-time monitoring and management of critical infrastructure conditions. For instance, in August 2023, Vertiv, a US-based provider of critical digital infrastructure and continuity solutions, launched the geist watchdog 15 environmental sensor solution that optimizes data center monitoring in India, offering a self-contained monitor that remotely tracks real-time environmental conditions in critical IT infrastructure such as data centers and server rooms. This cost-effective solution facilitates monitoring of temperature, humidity, and dewpoint, with the capability to add up to four external plug-and-play sensors. It provides real-time sensor data, logging, and graphing, enabling data center managers to receive alerts via email and email-to-SMS for predefined threshold breaches.
The environmental sensing and monitoring technology market covered in this report is segmented –1) By Type: Portable, Stationary
2 By Component: Sensors, Monitors, Software, Service
3) By Monitoring Method: Active Monitoring, Intermediate Monitoring, Passive Monitoring
4) By Applications: Water Pollution Monitoring, Air Pollution Monitoring, Sound Pollution Monitoring, Soil Pollution Monitoring, Other Applications
5) By End-User: Meteorology, Government, Defense, Ocean Exploration Organizations, Research Organizations, Industrial Sector, Other End-users
Get an inside scoop of the environmental sensing and monitoring technology market, Request now for Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=14366&type=smp
Regional Insights –
North America was the largest region in the environmental sensing and monitoring technology market in 2023. The regions covered in the environmental sensing and monitoring technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the environmental sensing and monitoring technology market are Siemens AG, Thermo Fisher Scientific Inc., Honeywell International Inc., ABB Ltd., Merck KGaA, Danaher Corporation, Eaton Corporation, Thales Group, Nidec Corporation, TE Connectivity Ltd., Ball Corporation, Emerson Electric Co., Amphenol Corporation, Agilent Technologies Inc., OMRON Corporation, Xylem Inc., Teledyne Technologies Incorporated, Shimadzu Corporation, Endress+Hauser Group, Horiba Ltd., Hebei Sailhero Environmental Protection High-tech Co., Ltd., Focused Photonics Inc. (FPI), Sensirion AG, Beijing SDL Technology Co., Ltd., Bosch Sensortec GmbH, Acoem Group
Table of Contents
1. Executive Summary
2. Environmental Sensing And Monitoring Technology Market Report Structure
3. Environmental Sensing And Monitoring Technology Market Trends And Strategies
4. Environmental Sensing And Monitoring Technology Market – Macro Economic Scenario
5. Environmental Sensing And Monitoring Technology Market Size And Growth
…..
27. Environmental Sensing And Monitoring Technology Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
