This report studies the environmental monitoring market over the forecast period of 2016 to 2021. The market is expected to reach USD 19.56 Billion by 2021, growing at a CAGR of 7.7% during the forecast period.
Seattle, WA -- (SBWIRE) -- 08/24/2017 -- The report "Environmental Monitoring Market by Product (Monitor (Fixed, Portable), Sensor (Analog, Digital), and Software), Sampling Method (Intermittent, Continuous, Active, Passive), Application (Particulate Matter, Air, Gas, Water, Soil, Noise) - Forecast to 2021",
Browse 75 market data tables and 42 figures spread through 172 pages and in-depth TOC on "Environmental Monitoring Market"
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Increasing government initiatives to control environmental pollution levels, increasing government funding for pollution control and monitoring, ongoing installations of environment monitoring stations, and growing initiatives for the development of environment-friendly industries are some key factors driving the growth of the global market. Furthermore, emerging markets such as Japan, China, and India offer new growth opportunities for market players. However, factors such as high product costs associated with environment monitoring solutions, slow implementation of pollution control reforms, and high export barriers on environmental technologies across emerging countries are restraining the market growth.
On the basis of product, the global environmental monitoring market is divided into three major categories, namely, environmental monitors, environmental sensors, and environmental monitoring software. Environmental monitors are further categorized into fixed monitors and portable monitors. The environmental sensors segment is further divided on the basis of product architecture (analog sensors and digital sensors) and on basis of applications (temperature sensing, moisture detection, chemical detection, biological detection, particulate detection, and noise measurement).
On the basis of sampling methods, the global environmental monitoring market is divided into four major categories, namely, intermittent monitoring, continuous monitoring, passive monitoring and active monitoring. The continuous monitoring segment is expected to command the largest share of the global environmental monitoring market in 2016.
The environment monitoring market is offering high growth opportunities to the market players. Rapid industrialization and urbanization has contributed significantly towards the deterioration of air, water, and soil quality levels over the decades. With several governments playing an active role in funding and initiating effective pollution control and monitoring programs, the global environmental monitoring market is expected to grow at a significant pace in the next five years.
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North America is expected to be the largest regional segment in the global environmental monitoring market in 2016, followed by Europe. However, the Asia-Pacific market is expected to grow at the highest CAGR from 2016 to 2021. Factors such as rapid industrialization in Asia-Pacific countries (such as China and India), implementation of increasingly stringent environmental regulation policies, and the growing need to comply with various environmental safety regulations are stimulating the growth of the environmental monitoring market in the Asia-Pacific region.
As of 2015, Agilent Technologies, Inc. (U.S.), Danaher Corporation (U.S.), Honeywell International Inc. (U.S.), Siemens AG (Germany), Thermo Fisher Scientific Inc. (U.S.), TE Connectivity Ltd. (Switzerland), General Electric Company (U.S.), Emerson Electric Co. (U.S.), Teledyne Technologies Inc. (U.S.), and Merck KGaA (Germany) are some of the key players operating in the global environmental monitoring market.
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