Environmental monitoring is the process of systematic sampling of water, air, soil, biological and noise in order to characterize and monitor quality of environment. Rising government funding for these activities for development of policies supported by reducing environmental pollution and increased awareness regarding environmental issues will positively favour industry growth.
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ENVIRONMENTAL MONITORING MARKET OUTLOOK
Due to rapid industrialization and urbanization world is witnessing unprecedented increase in pollution levels. The release of waste water and hazardous gases such as carbon monoxide and sulphur dioxide are not only causing irreversible impact to the environment but also is harmful for health of major population which will act as a major driver for industry growth. Furthermore, technological evolution of the industry in the form of incorporation of Internet of Things (IoT) technology and nanotechnology for environmental monitoring products and use of unmanned aerial vehicles for remote environmental sensing are also offering new revenue growth opportunities for players operating in this market.
ENVIRONMENTAL MONITORING MARKET SEGMENTAL OVERVIEW
The report analyses the global environmental monitoring market based on products, method, component, application, end –user and geography.
ENVIRONMENTAL MONITORING MARKET BY PRODUCT
Various product studied are segmented into monitors, software, sensors, services. Furthermore, monitors are divided in indoor, outdoor and wearable. Monitoring accounted for major chare in environmental monitoring systems market as it ensures compliance and has an advantage of easy audit for contamination measure and control. These factors will be beneficial for the drug or vaccine manufacturers along with clinical trials which are being conducted for COVID 19 treatments, to keep check on contamination and virus spread levels n air or surface.
ENVIRONMENTAL MONITORING MARKET BY COMPONENT
Moreover, component studied in the market includes temperature, moisture, biological, chemical, gas, particulate matter and noise.
ENVIRONMENTAL MONITORING MARKET BY METHOD
Additionally, method studied in the market includes active monitoring, continuous monitoring, intermittent monitoring and passive monitoring. Advances in technology to achieve continuous monitoring will propel market growth.
ENVIRONMENTAL MONITORING MARKET BY APPLICATION
Furthermore, application studied in the market includes air pollution, water pollution, soil pollution and noise pollution. Air pollution and quality deterioration is a major concern owing to proliferation of cars, fossil fuel burning, urbanisation, intensive agriculture and industrial emission, has generated need to monitor air quality. The release of hazardous gases not only cause harmful effects on human health but also has a major impact on environment, thus promoting industry growth.
ENVIRONMENTAL MONITORING MARKET BY END USER
Various end-user considered in this study includes government, corporate, energy & utilities, healthcare, agriculture, food & beverage and chemical. Mounting pressure of increasing pollution supported by depleting natural resources has resulted in the formation of stringent policies to sustain the environment which will propel demand for environmental monitoring demand in government sector.
ENVIRONMENTAL MONITORING MARKET BY GEOGRAPHY
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. Asia Pacific region is driving the environmental monitoring systems owing to industrial development supported by urbanization has led to surge in pollution levels collecting pool of huge investments in products for environment protection.
ENVIRONMENTAL MONITORING MARKET COMPETITOR ANALYSIS
The key competitors of this market include Algient Technologies, Danaher Corporation, Thermo Fisher, Shimadzu Corporation, 3M, Perkinelmer, Emerson Electronic, General Electronics, Honeywell International, ESI Environmental Sensors, Merck KGAA, Horiba, Siemens AG, Spectris, TE Connectivity, Forbes Marshall, and Aeroqual.
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