A recent report published by Infinium Global Research on the environmental monitoring market provides an in-depth analysis of segments and sub-segments in the global as well as regional environmental monitoring market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional environmental monitoring market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global environmental monitoring market. According to the report, the global environmental monitoring market is projected to grow at a CAGR of 6.4% over the forecast period of 2019-2025.
The Global Environmental Monitoring Industry trends include developments in technologies (including the convergence of multiple technologies), improvements based on the growth of the Internet of Things (IoT), and changes in protocols, like those for wireless technologies. Environmental monitoring has developed as a vital area for R&D activities in sensors. The necessity for enhanced environmental monitoring has increased due to the global environmental issues have become more critical. Advances in both data loggers and sensor technology are paving the way for real-time and precise monitoring of environmental parameters leading to informed decision-making and action plans.
Increasing government initiatives to protect the environment from pollution and other kinds of hazards is the major driving factor of the environmental monitoring market. Furthermore, factors such as growing pollution level, development of environment-friendly industries, and continuing installation of environmental monitoring stations are also driving the growth of the market. Expansion of pollution monitoring infrastructure across emerging economies is fueling the market growth. Additionally, a constantly growing global population is expected to drive the demand for environmental monitoring technologies. However, the lack of technical expertise and slow implementation of pollution control reforms in emerging markets are hindering the growth of the market. Moreover, the development of high-end environmental monitoring products based on nanotechnology along with constantly growing oil & gas industry is anticipated to provide growth opportunities to the market players.
Geographically, North America dominates the global environmental monitoring market owing to a rise in government funding for the establishment of environmental monitoring stations. The U.S. and Canada environmental monitoring technology industry is projected to boost on account of major restructuring along with mergers & acquisitions in recent years. Asia-Pacific is anticipated to be the fastest-growing region in the environmental monitoring market during the forecast period owing to increasing initiatives by the government for the development of environment-friendly industries in the region. The Asian markets such as China, Japan, and India are expected to grow at a significant rate on account of rising need to comply with various environmental safety regulations across the region.
The report on the global environmental monitoring market covers segments such as type, product, applications, and end-user. On the basis of type, the sub-markets include intermittent monitoring, continuous monitoring, passive monitoring, active monitoring, and other types. On the basis of product, the sub-markets include monitors, sensors, software, and other products. On the basis of applications, the sub-markets include air pollution monitoring, water pollution monitoring, soil pollution monitoring, noise pollution monitoring, and other applications. On the basis of end-user, the sub-markets include medical, food & beverage, construction, data centers, retail, government, and other end-users.
The report provides profiles of the companies in the market such as E.S.I. Environment Sensors Inc., Thales Group, Danaher Corporation, The Raytheon Company, TE Connectivity Ltd., Lockheed Martin Corporation, Agilent Technologies, Inc., Siemens AG, Honeywell International, Inc., Ball Aerospace, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of environmental monitoring market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.