Environmental Monitoring Market Share


Sampeerzade1022

Uploaded on May 8, 2020

Category Technology

Globally the Environmental monitoring market is expected to grow at the rate of more than ~10% from 2016 to 2022

Category Technology

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Environmental Monitoring Market Share

Market Highlights The global environmental monitoring market is slated to expand at a moderate 10 % CAGR during the assessment period (2016-2022) owing to the increasing government initiatives to protect the environment, states Market Research Future (MRFR). Drivers and Restraints With the growing initiative to protect the environment from air pollution, water pollution, and other hazards, the environmental monitoring market is likely to expand. The increasing implementation of ecological monitoring and software for industrial pollution checks along with government initiatives to develop a biodegradable infrastructure is anticipated to foster market growth during the assessment period. The government is taking the initiative to shield the environment from air, water, land, and other forms of challenges. This is poised to fuel market growth over the forecast period. Moreover, the rising application of such monitoring software for examining industrial pollution is predicted to drive the market. On the flip side, lack of technical expertise and difficulty in monitoring certain aspects owing to strict government mandates are significant challenges inhibiting the market growth over the review period. Moreover, factors such as the slow implementation of pollution control policies, export barriers over environment technologies, and the high cost of implementing environmental monitoring systems are anticipated to hamper the market growth. Segmentation: The global environmental monitoring market share has been analyzed on the basis of type, products, application, end-users, and region. By mode of type, the global environmental monitoring market has been segmented into active monitoring, continuous monitoring, intermittent monitoring, passive monitoring, and others. By mode of products, the global environmental monitoring market has been segmented into sensors, monitors, and software. By mode of application, the global environmental monitoring market has been segmented into water pollution monitoring, soil pollution monitoring, air pollution monitoring, noise pollution monitoring, and others. In these, the segment for air pollution monitoring is poised to hold the maximum market share and is expected to retain its lead over the forecast period due to the growing usage of compact monitors, wireless technologies, and sensors. By mode of end-users, the global environmental monitoring market has been segmented into data centers, food & beverage, government, construction, medical, retail, and others. Regional Analysis Geographically, the environment monitoring market extends across regions, namely, Europe, North America, Asia Pacific, and Rest-of-the-World. Among all the regions, North America is projected to dominate the market during the forecast period owing to the growing government funding for implementing monitoring stations. Also, the strict directives of the U.S. environmental protection agency are assessed to drive the market in this region. Europe supports North America in creating the highest revenue by the end of the review period to fulfill the rising consumer demand. The European environment agency has well-established economic policies for industries, thus escalating the market growth for environmental monitoring. The Asia Pacific is slated to be the fastest region during the review period due to the increasing initiatives taken by the government for the development of the environment-friendly industries in the Asia Pacific region. Competitive Analysis Some of the key players operating the global market are Agilent Technologies Inc. (U.S.), Siemens AG (Germany), Emerson Electric Co. (U.S.), Nidec Corporation (Japan),Environmental Sensors Inc. (Canada), General Electric Company (U.S.), Honeywell International Inc. (U.S.), Lockheed Martin Corporation (U.S.), Thales Group (France), Danaher Corporation (U.S.), and others. The global environmental monitoring market has a highly competitive scenario. Therefore, the market players are increasing their investments towards research and development projects and marketing activities to maintain their position in the market over the review period. Furthermore, there is an expected rise in mergers, strategic business partnerships, acquisitions, and joint ventures, to uphold the competitive nature of the market in the foreseeable future.