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2021

Environmental Monitoring Market

Environmental Monitoring Market Size, Share, Competitive Landscape and Trend Analysis Report by Component and Applications : Global Opportunity Analysis and Industry Forecast, 2021-2030

IC : Software and Services

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Author's: Rachita Rake | Onkar Sumant
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Environmental Monitoring Market Statistics: 2030

The global environmental monitoring market size was valued at $19.89 billion in 2020, and is projected to reach $43.48 billion by 2030, growing at a CAGR of 8.2% from 2021 to 2030. Environmental monitoring involves the evaluation of the quality of the environment to control the risk of pollution. The primary goal of environment monitoring system is to monitor different environmental factors such as temperature, humidity, airflow, smoke and to keep a detail record of these factors with a live video streaming using a high-quality camera. 

Surge in health concern and increase in deaths due to rise in pollution levels and rise in the need for better resource management drive the growth of the environmental monitoring market. In addition, ongoing installation of environmental monitoring sensors and development of environmentally friendly industries propels the growth of the market. However, high product costs and slow implementation of pollution control reforms in emerging countries are expected to impede the market growth. Furthermore, rising participation and investments by businesses for deployment of pollution monitoring is expected to present major opportunities for the expansion of the market in future. 

Environmental-Monitoring-Market-2021-2030

Based on component, the global environmental monitoring market is fragmented into particulate detection, chemical detection, biological detection, temperature sensing, moisture detection and noise measurement. The particulate detection segment is contributing largest market share in 2020, owing to increase in awareness about particle detection infrastructure across emerging markets and rise in need of pollution detection technology across government sector. The biological detection segment is expected to largest market share during upcoming years owing to increase in industrialization and urbanization across China, Japan and India.  

Region wise, the environmental monitoring market was dominated by North America in 2020, and is expected to retain its position during the forecast period. It is attributed to rise in the adoption of environment monitoring technology across the U.S. and Canada, owing to the imposition of stringent air pollution regulatory standards. However, Asia-Pacific is expected to witness significant growth rate during the forecast period, owing to rise in IT spending of countries in the Asia Pacific region such as India and China.

The report focuses on the growth prospects, restraints, and trends of global environmental monitoring market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on global environmental monitoring industry.

Segment Review

The global environmental monitoring market is segmented into component, product type, sampling method, application and region. In terms of component, it is categorized into particulate detection, chemical detection, biological detection, temperature sensing, moisture detection and noise measurement. 

In terms of product type, the market is classified into environmental monitoring sensors, environmental monitors, environmental monitoring software, and wearable environmental monitors. By sampling method, the market is categorized into continuous monitoring, active monitoring, passive monitoring and intermittent monitoring. As per application, the market is classified into air pollution monitoring, water pollution monitoring, soil pollution monitoring and noise pollution monitoring. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Environmental Monitoring Market
By Component
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Particulate Detection is segment is projected as one of the most lucrative segments.

The key players operating in the global environmental monitoring market include 3M, Danaher, Emerson Electric Co. , General Electric , Honeywell International Inc., Merck KGaA , Siemens AG, Teledyne Technologies Incorporated, TE Connectivity Ltd.  and Thermo Fisher Scientific Inc.. These players have adopted various strategies to increase their market penetration and strengthen their foothold in the environmental monitoring industry. 

Environmental Monitoring Market
By Product Type
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Environmental Monitoring Sensors is projected as one of the most lucrative segments.

Top impacting factors

Rise in Need of Better Natural Resource Management

The global population is urbanizing and increasing at a rapid pace. According to a research, it is estimated that around 9 billion people are expected to live in cities or urban centers by 2050, which is expected to be the major factor leading to resource scarcity in the upcoming years. Moreover, as cities drive the economic growth in most of the countries, urbanization is projected to increase further in the near future. To cope with rise in urbanization and climate change issues, innovation and digital technology must be leveraged to minimize energy consumption and improve quality of life. Also, innovation must be combined with energy, digital technology, and information and communications technology to address urbanization challenges and ensure sustainability, which is expected to drive the environmental monitoring market growth in near future. Furthermore, solar energy needs to be encouraged. The government has started taking initiative for adoption of solar energy. However, use of gas along with solar and wind energy is less than 2% at present, which is very crucial.

Environmental Monitoring Market
By Application
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Air Pollution Monitoring is projected as one of the most lucrative segments.

Surge in Health Concern and Increased Deaths Due to Rise in Pollution Levels

Rise in the deaths due to rising pollution levels has resulted in the various health issues, owing to which the adoption of the environment monitoring system has increased across the globe. In addition, rise in human population has continued to increase the industrial development, owing to which the production of pollution remains inevitable. Thus, there has been an increase in the adoption of environmental monitoring solution in among the emerging countries. Moreover, in emerging countries such as India, China and Japan the rise in the death has increase due to rising pollution in this region. 

For instance, according to survey conducted by Lancet Planetary Health journal in 2019, India suffered 26% premature mortality and health loss caused due the increase in the air pollution globally. Furthermore, different countries have adopted various pollution monitoring tools for maintaining a healthy and balanced lifestyle. For instance, according to a survey conducted by WHO (World Health Organization) in Geneva, countries and various organizations have taken 70 commitments to improve the quality of the air and maintain a healthy lifestyle.

Environmental Monitoring Market
By Region
2030
Europe 
North America
Asia-Pacific
LAMEA

Asia-Pacific would exhibit the highest CAGR of 10.6% during 2021-2030.

Key Benefits for Stakeholders     

  • The study provides an in-depth analysis of global environmental monitoring market forecast along with the current environmental monitoring market trends and future estimations to elucidate the imminent investment pockets.
  • Information about key drivers, restraints, and opportunities and their impact analysis on global environmental monitoring market share is provided in the report.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
  • The quantitative analysis of the environmental monitoring market size from 2021 to 2030 is provided to determine the market potential.

Environmental Monitoring Market Report Highlights

Aspects Details
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By Component
  • Particulate Detection
  • Chemical Detection
  • Biological Detection
  • Temperature Sensing
  • Moisture Detection
  • Noise Measurement
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By Product Type
  • Environmental Monitors
  • Environmental Monitoring Sensors
  • Wearable Environmental Monitors
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By Application
  • Air Pollution Monitoring
  • Water Pollution Monitoring
  • Soil Pollution Monitoring
  • Noise Pollution Monitoring
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By Region
  • North America  (U.S., Canada)
  • Europe  (UK, France, Germany, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, South- East ASIA, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

Danaher, General Electric, Merck KGaA, TE Connectivity Ltd., Teledyne Technologies Incorporated, Honeywell International Inc., Siemens AG, Emerson Electric Co., 3M, Thermo Fisher Scientific Inc.

Analyst Review

In accordance with several interviews that were conducted of the top level CXOs, the adoption of environment monitoring system has increased over a time for providing a better living environment for the people and evaluating the health risk of the people. Furthermore, environment monitoring system involves the assessment of the environment and provides different factors for controlling the risk of pollution.

Increase in health concern and rise in deaths due to surge in pollution levels and rise in the need for better resource management drive the growth of the market.  Furthermore, numerous benefits associated with environment monitoring such as protection of public water supplies, management of hazardous and non-hazardous waste management, weather forecasting and natural resource protection & management are the major factors, which have increased the adoption of environment monitoring systems. In addition, ongoing installation of environmental monitoring sensors and development of environmentally friendly industries propels the growth of the market. However, high product costs and slow implementation of pollution control reforms in emerging countries are expected to impede the market growth. Furthermore, rise in participation and investments by businesses for deployment of pollution monitoring is expected to present major opportunities for the expansion of the market in future.

The environmental monitoring market is consolidated with the presence of key vendors such as General Electric. North America and Europe are the prime consumers of these systems. However, Asia-Pacific is expected to experience significant growth in the near future, owing to the increase in the deployment of air quality monitoring systems in this region and to improve living conditions & control and reduce pollution levels. Some of the key players profiled in the report include Honeywell International, Inc., Emerson Electric Co., Teledyne Technologies Incorporated, Thermofisher Scientific, 3M, Siemens AG, TE Connectivity, Merck KGaA, and Danaher Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

Author Name(s) : Rachita Rake | Onkar Sumant

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Environmental Monitoring Market

Global Opportunity Analysis and Industry Forecast, 2021-2030