What Has Been The Evolution of the Environmental Monitoring Market in Recent Years?
The environmental monitoring market has seen considerable growth due to a variety of factors.
• The size of the environmental monitoring market has significantly expanded in the last few years. The market is set to increase from $17.52 billion in 2024 to $18.77 billion in 2025, showcasing a Compound Annual Growth Rate (CAGR) of 7.1%.
Factors behind the growth during the historically significant period include regulatory compliance, advancements in monitoring solutions, industrialization and urbanization, raised public awareness and concerns, and environmental incidents and disasters.
How Will the Environmental Monitoring Market?
The environmental monitoring market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the environmental monitoring market is projected to experience substantial growth in the upcoming years. The market size is predicted to inflate to $23.26 billion by 2029, boasting a compound annual growth rate (CAGR) of 5.5%.
This predicted escalation during the forecast period can be credited to the progression in sensor technology, coupling with IoT and AI, the rise in environmental regulations, development in smart cities schemes, and the amplified uptake of remote sensing technologies. Forecasts for the period also point to significant trends including the expansion of IoT integration, the emergence of AI-powered analytics, focus on air and water quality supervision, along with the amalgamation of satellite and remote sensing data.
Which Factors Are Boosting Growth In The Environmental Monitoring Market?
The environmental monitoring market is projected to flourish due to the escalating levels of air pollution. This refers to the harmful or excessive amounts of substances in the Earth's atmosphere that pose potential health risks to humans, as well as detrimental effects to the environment and overall living conditions. Increasing pollution is primarily caused by increasing industrial emissions, vehicular exhaust, and other anthropogenic sources. Environmental monitoring serves as a tool to keep track of air pollution levels over time, pinpoint pollution sources, ensure alignment with regulatory standards, and inform policy measures aimed at protecting public health and the environment from the damaging impacts of air pollution. As an example, in February 2024, data from the Government of New South Wales, an Australia-based governing body of New South Wales, reported a surge in particle pollution. Particulate matter (PM10 and PM2.5) had seen a rise of around 30% in 2023 in comparison to the year before. Moreover, the World Health Organization, a Switzerland-based intergovernmental organization, revealed in February 2024 that nearly 7 million premature deaths transpire annually due to the linkage between ambient and household air pollution. Therefore, the growing rate of air pollution is acting as a catalyst for the growth of the environmental monitoring market.
What Key Areas Define The Segmentation Of The Global Environmental Monitoring Market?
The environmental monitoring market covered in this report is segmented –
1) By Component: Particulate Detection, Chemical Detection, Biological Detection, Temperature Sensing, Moisture Detection, Noise Measurement
2) By Sampling Method: Continuous Monitoring, Active Monitoring, Passive Monitoring, Intermittent Monitoring
3) By Application: Air Pollution, Water Pollution, Soil Pollution, Noise Pollution
4) By End-User: Government, Consumer Electronics, Retail, Medical
Subsegments:
1) By Particulate Detection: PM2.5 Detection, PM10 Detection, Dust Detection
2) By Chemical Detection: Gas Detection (CO2, CO, VOCs), Hazardous Chemical Detection, Air Quality Sensors
3) By Biological Detection: Pathogen Detection, Bioterrorism Agent Detection, Microbial Contamination Sensors
4) By Temperature Sensing: Ambient Temperature Sensors, High-Temperature Sensors, Infrared Temperature Sensors
5) By Moisture Detection: Humidity Sensors, Water Leak Detection, Soil Moisture Sensors
6) By Noise Measurement: Sound Level Meters, Acoustic Monitoring Sensors, Noise Pollution Monitoring Systems
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What Emerging Trends Are Influencing The Growth Of The Environmental Monitoring Market?
Primary firms in the environmental surveillance market are forging new solutions, like ASIO environmental monitoring systems, to build a strong market position. ASIO environmental monitoring systems encompass interconnected sensors, tools, and technologies constructed to gauge and monitor numerous parameters like quality of air and water, soil health, climatic trends, and biodiversity levels. To illustrate, in June 2023, BIRD Aerosystems, a defense technology and solutions enterprise based in Israel, unveiled the ASIO environmental monitoring system, a revolutionary tool for identifying and handling maritime pollution, especially oil spills. The system integrates top-tier technology like the SEA EYE sensor for instantaneous detection and categorization of oils and organic materials on the water's surface, facilitating prompt reaction and damage control measures. Equipped with AI and forecasting tools, the ASIO system enables officials to handle environmental emergencies efficiently, reducing environmental and economic fallout while guaranteeing quick cleanup operations.
Who Are the Key Players In The Environmental Monitoring Market?
Major companies operating in the environmental monitoring market are:
• Siemens AG
• Raytheon Technologies Corporation
• Lockheed Martin Corporation
• General Electric Company
• Thermo Fisher Scientific Inc.
• Honeywell International Inc.
• 3M Company
• Danaher Corporation
• Merck KGaA
• Texas Instruments Inc.
• Thales Group
• Nidec Corporation
• TE Connectivity Ltd.
• Emerson Electric Co.
• Agilent Technologies Inc.
• Teledyne Technologies Incorporated
• AMS AG
• bioMérieux SA
• Shimadzu Corporation
• PerkinElmer Inc.
• HORIBA Ltd.
• Spectris plc
• Forbes Marshall
• Raritan Inc.
• Powelectncs Limited
• Environmental Sensors Inc.
What Is The Most Dominant Region In The Environmental Monitoring Market?
North America was the largest region in the environmental monitoring market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the environmental monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
