Environmental monitoring market size is witnessing a significant surge, fueled by escalating concerns regarding environmental degradation and regulatory mandates worldwide. With industries facing mounting pressure to curb pollution levels, the demand for advanced monitoring solutions continues to rise. Technological innovations in sensor technologies and data analytics are driving the evolution of monitoring systems, enabling real-time tracking of air, water, and soil quality.
Driver: Need for efficient natural resource management
The main driving force for the growth of the environmental monitoring market is the increasing need for efficient natural resource management. Economies rely on natural resources (biomass, water, and land) including material resources (fossil fuels, metals and non-metallic minerals) for revenue generation. Most nations are now adopting circular business models and are becoming resilient by reducing dependence on material. Limiting the environmental impacts of agriculture, forestry, fishing, mining, and quarrying industries by sustainable management of resources thus help mitigate climate change.
Restraint: High costs of environmental monitoring devices
The material used in the development of monitoring devices significantly contributes to the cost of the advanced monitoring devices. For instance, technological advancements in sensors have revolutionized monitoring systems, with digital sensors addressing noise and security issues once prevalent in analog counterparts. Continuous innovation in sensor and depth print components has driven the development of sophisticated monitoring solutions, with a focus on enhancing measurement accuracy and reliability. Digital sensors offer cost-effective solutions, simplified installation, and seamless data transmission, making them the preferred choice for various applications.
Opportunity: Supportive rules and regulations by government to reduce environmental pollution
To reduce industrial pollutants and to promote cleaner technologies the “Policy Statement for abatement of pollution, 1992” and “National Conservation Strategy and the Policy Statement on Environment & Development, 1992” were emphasized. The Ministry of Environment and Forests prioritizes safeguarding animal welfare and mitigating pollution, particularly in aquatic ecosystems like lakes and rivers, as well as preserving biodiversity, forests, and wildlife. The primary emphasis is on implementing policies and initiatives geared towards preserving the natural resources of the nation.
Challenge: Slow adoption of pollution control policies
The slow adoption of pollution control policies is a major concern worldwide. In the past decade, a combination of energy and pollution control policies, along with structural shifts in the economy, has disconnected emission trends from economic expansion. The external costs of air pollution, as well as the adverse impacts of individual pollutants on human health and the environment, are quantified using a standardized metric—a monetary value devised through collaboration among various scientific and economic fields. While National Pollution Control Regulations aim to facilitate economic growth without significant degradation of air quality, they may not suffice to lower pollution levels in many areas. The establishment of the European Pollutant Release and Transfer Register (EPTR) in 2006 was intended to improve public access to environmental data.
By product, the monitors segment accounted for the largest share of the environmental monitoring industry during the forecast period.
Based on the product, the environmental monitoring is segmented into monitors and software. Environmental monitors are further sub-segmented into indoor monitors, outdoor monitors, and portable monitors. The monitors segment accounts for the largest share of the environmental monitoring market. The increase in industry adoption of pollution monitoring strategies also the continuous development and commercialization of outdoor environment monitoring sensors and increasing public awareness contribute to the large share.
By sampling method, the continuous monitoring segment of the environmental monitoring industry is expected to grow at the highest rate during the forecast period.
Based on the sampling method, the environmental monitoring market is divided into active, passive, intermittent, and continuous monitoring. In 2024, the continuous monitoring segment is projected to hold the biggest market share throughout the forecast period. This growth is driven by growing focus on the development of eco-friendly industries, the need for real-time sample monitoring and the increasing environmental pollution levels in major regions worldwide.
By application, the air pollution monitoring segment of the environmental monitoring industry is expected to witness significant growth during the forecast period.
Based on the application, the environmental monitoring market is divided into air pollution monitoring, noise pollution monitoring, water pollution monitoring and soil pollution monitoring. Within water pollution monitoring segment there are sub-segments including wastewater monitoring and surface & groundwater monitoring. The air pollution monitoring segment is expected to witness significant growth during the forecast period. The growing acceptance and demand for sensor-based air quality monitoring systems have led to the significant growth and dominance of the segment in the industry in the upcoming years.
North America is expected to be the environmental monitoring industry largest market during the forecast period.
The environmental monitoring market has been segmented into five major regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. North America, comprising the US and Canada, held the largest share of the global environmental monitoring market in 2023. This region is witnessing growth due to growing government initiatives in pollution control, technological advancements in environmental sensors, increased government funding to establish environmental monitoring stations and stringent regulations supporting the greater adoption of pollution monitoring technologies.
On the other hand, the Asia-Pacific market is projected to experience the most significant growth rate throughout the forecast period. North America held the largest market share for environmental monitoring at 50.6%, trailed by Europe at 25.5%.
Key Players:
As of 2023, prominent players in the environmental monitoring market are Agilent Technologies (US), Danaher Corporation (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), and Forbes Marshall (India), among others.
Recent Developments of The Environmental Monitoring Industry:
- In March 2024, Emerson Electric co. launched Rosemount 3490 Controller that helps to optimize processes, enhance sustainability and ensure regulatory compliance for water and wastewater applications
- In December 2021, Honeywell International Inc. announced a user-friendly monitor that alerts users when indoor air conditions may present an increased risk of potentially transmitting airborne viruses.
- In February 2021, 3M invested $1 Billion to achieve carbon neutrality, reduce water use, and improve water quality
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https://www.marketsandmarkets.com/PressReleases/environmental-monitoring.asp
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