Chicago, June 07, 2024 (GLOBE NEWSWIRE) -- Environmental Monitoring market in terms of revenue was estimated to be worth $14.7 billion in 2024 and is poised to reach $18.6 billion by 2029, growing at a CAGR of 4.9% from 2024 to 2029 according to a latest report published by MarketsandMarkets™.
The growth of the market is largely driven by the increasing need for efficient natural resource management and increasing public awareness about the health implications of environmental pollution. Furthermore, increasing government emphasis on compliance to pollution monitoring standards is anticipated to further propel market growth.
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Environmental Monitoring Market Scope:
| Report Coverage | Details |
| Market Revenue in 2024 | $14.7 billion |
| Estimated Value by 2029 | $18.6 billion |
| Growth Rate | Poised to grow at a CAGR of 4.9% |
| Market Size Available for | 2021–2029 |
| Forecast Period | 2024–2029 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product, Sampling Method, Component, Application, End user, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
| Report Highlights | Updated financial information / product portfolio of players |
| Key Market Opportunity | Supportive rules and regulations by government to reduce environmental pollution |
| Key Market Driver | Need for efficient natural resource management |
Based on the product, environmental monitoring is segmented into monitors and software. During the forecast period, monitors is expected to dominate the environmental monitoring market. The growth of the monitors segment will be driven by rise in adoption of pollution monitoring strategies by industry users.
Based on component, environmental monitoring is segmented into particulate detection, chemical detection, biological detection, temperature sensing, moisture detection, and noise measurement. During the forecast period, particulate detection is expected to dominate the environmental monitoring market. Particulate diagnostics enables accurate detection of levels of PM2.5 and PM10 in the air which is anticipated to further propel market growth.
Based on application, the environmental monitoring market is segmented into water pollution monitoring, soil pollution monitoring, air pollution monitoring, and noise pollution monitoring. Throughout the forecast period, the air pollution monitoring segment is projected to claim the leading position in the market. The primary growth drivers include the increasing adoption of sensor-based air quality monitoring systems and the escalating levels of air pollution in key markets such as the US, Europe, China, India, and the Middle East.
Based on end user, the environmental monitoring market is segmented into commercial users, residential users, government agencies & smart city authorities, industrial users, enterprises, healthcare & pharmaceutical industries, and other end users. During the forecast period, the industrial sector is poised to command the most substantial market share in the environmental monitoring market. This dominance is fueled by the expanding presence of power plants and refineries, as well as rapid urbanization in emerging nations.
The environmental monitoring market covers five key geographies—North America, Europe, Asia Pacific, Latin America, and the Middle East. In 2024, the Asia-Pacific region is anticipated to present noteworthy growth prospects for environmental monitoring. This expansion is credited to the substantial presence of a large target patient population, rapid and large-scale industrialization, and annual rise in global air and water pollution levels in several Asia Pacific countries.
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Prominent Players of Environmental Monitoring Market:
- Agilent Technologies (US)
- Danaher (US)
- Thermo Fisher Scientific (US)
- Shimadzu Corporation (Japan)
- PerkinElmer (US)
- 3M (US)
- Emerson Electric Co. (US)
- bioMérieux S.A. (France)
- Honeywell International Inc. (US)
- Merck KGaA (Germany)
- Siemens AG (Germany)
- Emerson Electric Co. (US)
- Forbes Marshall (India)
- and Among others
This report has segmented the global environmental monitoring market based on technology, product, method, pathogen type, test type, end user and region.
Global environmental monitoring market, by Product
- Monitors
- Indoor Monitors
- Outdoor Monitors
- Portable Monitors
- Software
Global Digital Environmental Monitoring Market, by Sampling Method
- Continuous Monitoring
- Active Monitoring
- Passive Monitoring
- Intermittent Monitoring
Global Digital Environmental Monitoring Market, by Component
- Particulate Detection
- PM2.5 Detection
- PM10 Detection
- Other Particulate Detection
- Chemical Detection
- Gas Detection
- Volatile organic Compound Detection
- Pesticide Detection
- Other Chemicals
- Biological Detection
- Temperature Sensing
- Moisture Detection
- Noise Measurement
Global Environmental Monitoring Market, by Application
- Air Pollution Monitoring
- Water Pollution Monitoring
- Wastewater Monitoring
- Surface & Groundwater Monitoring
- Soil Pollution Monitoring
- Noise Pollution Monitoring
Global Environmental Monitoring Market, by End User
- Government Agencies & Smart City Authorities
- Enterprise
- Commercial users
- Residential users
- Healthcare & Pharmaceutical
- Industrial users (should include petrochemical and power generation cos)
- Others
Geography Analysis - Value
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe (RoE)
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLAM
- Middle East & Africa
- GCC Countries
- Rest of the Middle East & Africa
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Key Market Stakeholders of the Environmental Monitoring:
- Environmental monitoring and related devices manufacturing companies
- Suppliers and distributors of environmental monitoring devices and other associated components
- Public health officials and healthcare providers
- Municipal engineers, farmers, and industrialists
- Government bodies and regulatory authorities
- Business research and consulting service providers
- Venture capitalists
Report Objectives:
- To define, describe, and forecast the environmental monitoring market on the basis of on product, sampling method, application, component, end user and region.
- To provide detailed information regarding the major factors influencing the growth potential of the global environmental monitoring market (drivers, restraints, opportunities, challenges, and trends).
- To analyze the micro markets with respect to individual growth trends, future prospects, and contributions to the global environmental monitoring market.
- To analyze key growth opportunities in the global environmental monitoring market for key stakeholders and provide details of the competitive landscape for market leaders.
- To forecast the size of market segments and/or subsegments with respect to five major regions, namely, North America (the US and Canada), Europe (Germany, the UK, France, Italy, Spain, and Rest of Europe), Asia Pacific (Japan, China, India, Australia, South Korea, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East and Africa (GCC Countries and Rest of MEA).
- To profile the key players in the global environmental monitoring market and comprehensively analyze their market shares and core competencies.
- To track and analyze the competitive developments undertaken in the global environmental monitoring market, such as agreements, expansions, and & acquisitions.
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