How Has the Environmental Sensing And Monitoring Technology Market Size Evolved in Recent Years?
The environmental sensing and monitoring technology market has seen considerable growth due to a variety of factors.
• The market for environmental sensing and monitoring technology has seen robust growth in the past years. There will be a surge from $17.58 billion in 2024 to $18.65 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.1%.
The growth experienced in the past period can be linked to factors such as regulatory compliance, public consciousness and concerns, industrialization and urban development, natural disasters and climate change, as well as globalization and trade.
What Is The Forecast For The Environmental Sensing And Monitoring Technology Market Size?
The environmental sensing and monitoring technology market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, a steady increase is anticipated in the environmental sensing and monitoring technology market. It is projected to expand to $22.42 billion in 2029 with a compound annual growth rate (CAGR) of 4.7%.
Factors such as precision farming, initiatives for smart cities, growth in renewable energy, and readiness for epidemics and pandemics are responsible for this expected growth during the forecast period. The forecast period will also witness significant trends like the integration of the internet of things (IoT), the adoption of artificial intelligence (AI) and machine learning (ML) algorithms, along with technological progressions.
What Are The Essential Drivers Behind The Growth Of The Environmental Sensing And Monitoring Technology Market?
The escalating levels of air pollution, water pollution, and soil degradation are likely to push the expansion of the environmental sensing and monitoring technology market. Things such as air and water contamination along with soil erosion point towards damage to the environment caused by the release of harmful substances and the disturbance to natural ecosystems. The pollutants emitted from the burning of fossil fuels in vehicles, industries, and power plants, together with industrial waste, exacerbate environmental conditions. Environmental sensing and monitoring technologies play a crucial role in tracking and examining air pollution, water pollution, and soil erosion by gathering real-time data on the levels of pollutants, water purity, and soil conditions, thereby assisting in the evaluation and alleviation of environmental issues. For instance, the Government of New South Wales reported in February 2024 that the state witnessed a surge in particle pollution, with particulate matter (PM10 and PM2.5) increasing approximately 30% in 2023 over the previous year. Additionally, the International Energy Agency (IEA), a self-governing intergovernmental organization based in France, stated in March 2023 that in 2022, global energy-related carbon dioxide (CO2) emissions grew by 0.9%, corresponding to 321 million metric tons, hitting a record over 36.8 billion metric tons. Consequently, the rise of air pollution, water pollution, and soil erosion could stimulate the growth of the environmental sensing and monitoring technology market.
How Is The Global Environmental Sensing And Monitoring Technology Market Divided Into Key Segments?
The environmental sensing and monitoring technology market covered in this report is segmented –
1) By Type: Portable, Stationary
2) By Component: Sensors, Monitors, Software, Service
3) By Monitoring Method: Active Monitoring, Intermediate Monitoring, Passive Monitoring
4) By Applications: Water Pollution Monitoring, Air Pollution Monitoring, Sound Pollution Monitoring, Soil Pollution Monitoring, Other Applications
5) By End-User: Meteorology, Government, Defense, Ocean Exploration Organizations, Research Organizations, Industrial Sector, Other End-Users
Subsegments:
1) By Portable: Handheld Devices, Wearable Sensors, Mobile Monitoring Solutions, Field Monitoring Instruments
2) By Stationary: Fixed Sensors, Remote Sensing Systems, Environmental Monitoring Stations, Infrastructure-Based Monitoring Systems
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How Are New Trends Impacting The Size Of The Environmental Sensing And Monitoring Technology Market?
Notable corporations in the environmental sensing and monitoring technology industry are progressing towards the advancement of cutting-edge solutions like environmental sensors to improve the precision and efficiency of data collection and analysis in real-time. Such tools harness the power of the Internet of Things for efficient observation and management of crucial infrastructure states. In a remarkable act in August 2023, Vertiv, an American firm that offers vital digital infrastructure and continuity solutions, unveiled the geist watchdog 15 environmental sensor solution. The solution, tailored to maximize data center surveillance in India, is a self-reliant monitor that tracks environmental conditions in crucial IT infrastructure domains such as data centers and server rooms from a remote position. This economically viable solution offers the convenience of monitoring temperature, humidity, and dewpoint, with an added feature of accommodating up to four external sensors that can be simply plugged in. It delivers real-time sensor data, records, and graphs, thus empowering data center administrators to be alerted about breaches of previously set thresholds through email and email-to-text messages.
Who Are the Key Players In The Environmental Sensing And Monitoring Technology Market?
Major companies operating in the environmental sensing and monitoring technology market are:
• Siemens AG
• Thermo Fisher Scientific Inc.
• Honeywell International Inc.
• ABB Ltd.
• Merck KGaA
• Danaher Corporation
• Eaton Corporation
• Thales Group
• Nidec Corporation
• TE Connectivity Ltd.
• Ball Corporation
• Emerson Electric Co.
• Amphenol Corporation
• Agilent Technologies Inc.
• OMRON Corporation
• Xylem Inc.
• Teledyne Technologies Incorporated
• Shimadzu Corporation
• Endress+Hauser Group
• Horiba Ltd.
• Hebei Sailhero Environmental Protection High-tech Co.Ltd.
• Focused Photonics Inc. (FPI)
• Sensirion AG
• Beijing SDL Technology Co.Ltd.
• Bosch Sensortec GmbH
• Acoem Group
What Are The Regional Insights Into The Environmental Sensing And Monitoring Technology Market?
North America was the largest region in the environmental sensing and monitoring technology market in 2024. The regions covered in the environmental sensing and monitoring technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
