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Environmental Monitoring Market Worth $18.6 billion | MarketsandMarkets™
Based on the product, over the forecast period of 2024-2029, the monitors segment is to register a significant growth rate. The environmental monitoring product market is segmented into monitors and software. The monitors segment comprises indoor monitors, outdoor monitors, and portable monitors. The key factors encouraging the growth of monitors segment during the forecast period are the growing installation of environmental monitoring systems/stations/equipment and the continuous development and commercialization of outdoor environment monitoring sensors.
Based on application, during the forecast period, the air pollution monitoring segment is anticipated to dominate the environmental monitoring market, holding the largest market share. The segment commands a significant share due to the implementation of rigorous air pollution control regulations by numerous governments, heightened levels of air pollution in major markets like the US, Europe , China , India , and the Middle East , escalating health anxieties, and the rising acceptance and demand for sensor-based air quality monitoring systems.
In 2024, Asia Pacific is expected to register the highest CAGR in the market for environmental monitoring during the forecast period. Asia Pacific comprises China , India , South Korea , Taiwan , and Singapore , and the rest of Asia Pacific . Factors such as the technological advancements in the field of environmental sensors, increase in government funding for the establishment of environmental monitoring stations and greater adoption of pollution monitoring technologies are driving the growth of the APAC environmental monitoring market during the forecast period.
1. Need for efficient natural resource management
1. High costs of environmental monitoring devices
1. Supportive rules and regulations by government to reduce environmental pollution
1. Slow adoption of pollution control policies
As of 2023, prominent players in environmental monitoring are Agilent Technologies (US), Danaher (US), Thermo Fisher Scientific (US), Shimadzu Corporation ( Japan ), PerkinElmer (US),
3M (US), Emerson Electric Co. (US), bioMérieux S.A. ( France ), Honeywell International Inc. (US), Merck KGaA ( Germany ), Siemens AG ( Germany ), Emerson Electric Co. (US), and Forbes Marshall ( India ), among others.
The report will enable established firms as well as entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them to garner a larger market share. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their market presence.
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