Global Environmental Monitoring Market: Trends, Growth, and Forecast

Global Environmental Monitoring Market: Trends, Growth, and Forecast

April 26, 2024

October 26th,2023/IndustryNewsGlobal/ -- The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Environmental Monitoring Market.

The Environmental Monitoring Market report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The environmental monitoring market is projected to grow from USD 19.9 billion in 2020 to USD 33.5 billion by 2026 at a CAGR of around 9.2% during the forecast period. The Ministry of Environment and Forests is responsible for implementing policies and programs to conserve natural resources, ensure animal welfare, and reduce pollution. The "Policy Statement for Abatement of Pollution, 1992" and "National Conservation Strategy and the Policy Statement on Environment & Development, 1992" focus on pollution prevention and promoting cleaner technologies. The 2002 National Water Policy outlines the development, conservation, and management of water resources. Since the 1970s, the federal government has limited pollution from various sources, providing substantial health and quality of life benefits. The Clean Air Act provides USD 30 worth of health benefits for every dollar spent.

Segments Analysis

Component Trends

"The Particulate Detection segment accounted for the largest market share in 2020".

By Component, the Environmental Monitoring market has been bifurcated into Particulate Detection, Chemical Detection, Biological Detection, Temperature Sensing, Moisture Detection, and Noise Measurement. The Particulate Detection segment accounted for the largest market share in 2020. Increased awareness of particle detection infrastructure in emerging markets, as well as increased demand for pollution detection technology in the government sector.

Regional Trends

"North America is expected to dominate the overall market".

By region, the Environmental Monitoring market in North America is expected to dominate the overall market. The regional market is expected to be driven by rising concerns about global warming and environmental pollution. Furthermore, the deployment of environmental monitoring systems in North America is expected to be driven by strong corporate internal policies regarding safe working conditions and pollution monitoring, as well as the consistent availability of financial resources. The region's high number of smart city initiatives, as well as the presence of several developed industrial manufacturing clusters, are expected to drive the deployment of environmental monitoring systems.

The Asia Pacific region is expected to be the fastest-growing regional market due to countries' increased emphasis on deploying environmental monitoring systems to improve living conditions and control and reduce pollution levels.

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 Features of the Report

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Environmental Monitoring Market analysis report discusses the following heads in great detail:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors 

About Stratview Research

Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. It is a global market intelligence firm providing a wide range of services including syndicated market reports, custom research, and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

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Author : Emily

Frequently Asked Questions (FAQs)

Environmental monitoring refers to the systematic process of observing, measuring, and assessing various environmental parameters to understand the condition and changes in the environment over time. This process involves collecting data on air, water, soil, and other environmental factors to evaluate their quality and detect any potential changes or disturbances.

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