Environmental Monitoring Market to be Worth $33.9 Billion by 2031

Environmental Monitoring Market Size, Share, Forecast, & Trends Analysis by Offering (Hardware (Sensors, Monitors, Others), Software, Services), Sampling, Application (Air Pollution Monitoring, Water Pollution Monitoring, Other), End User, Geography - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled, ‘Environmental Monitoring Market by Offering (Hardware (Sensors, Monitors, Others), Software, Services), Sampling, Application (Air Pollution Monitoring, Water Pollution Monitoring, Other), End User, Geography - Global Forecast to 2031.’

According to this latest publication from Meticulous Research^®, the environmental monitoring market is projected to reach $33.9 billion by 2031, at a CAGR of 8.4% from 2024 to 2031. The growth in this market is driven by factors such as rising government funding towards environmental sustainability, the development of policies and initiatives to reduce environmental pollution, the rising installation of environmental monitoring stations, and the growing importance of environmental monitoring solutions in public-private organizations. In addition, the increasing use of IoT and nanotechnology in environmental monitoring products and the rising use of unmanned aerial vehicles for environmental monitoring are expected to provide opportunities for market growth. However, trade barriers on environmental technologies in emerging economies and slow adoption and implementation of pollution control policies can restrain the growth of the market. High costs associated with environmental monitoring solutions pose challenges for market growth.

The environmental monitoring market is segmented by offering, sampling, application, and end user. The study also evaluates industry competitors and analyzes the regional and country-level markets.

Based on offering, the environmental monitoring market is segmented into hardware, software, and services. In 2024, the hardware segment is expected to account for the largest share of above 78.0% of the environmental monitoring market. The large share of this segment is attributed to the rising installation of environmental monitoring stations, increasing use of environmental sensors in the industrial sector, and stringent environmental regulations to reduce environmental pollution.

However, the solutions segment is expected to register the highest CAGR during the forecast period. The rising use of environmental monitoring solutions by industries to manage and minimize the impact of an organization's activities on the environment and the rising focus of market players to launch innovative environmental monitoring solutions are expected to drive the segment’s growth.

Based on sampling, the environmental monitoring market is segmented into continuous monitoring, intermittent monitoring, passive monitoring, and active monitoring. In 2024, the continuous monitoring segment is expected to account for the largest share of above 47.5% of the environmental monitoring market. The large share of this segment is attributed to the ability of continuous monitoring systems to rapidly analyze pollutants, detect changes in pollutant concentration in real-time, ensure quick corrective actions, increase public access to information, and improve control over environmental impacts. Moreover, the continuous monitoring segment is expected to register the highest CAGR during the forecast period.

Based on application, the environmental monitoring market is segmented into air pollution monitoring, water pollution monitoring, soil pollution monitoring, noise pollution monitoring, and other applications. In 2024, the air pollution monitoring segment is expected to account for the largest share of above 42.5% of the environmental monitoring market. The large share of this segment is attributed to the rising levels of air pollution and the growing pressure on governing bodies to implement strict guidelines and regulations to control air pollution.

Moreover, the air pollution monitoring segment is expected to register the highest CAGR during the forecast period. Increasing funding and technological advancements in air quality monitoring are expected to drive the segment’s growth.

Based on end user, the environmental monitoring market is broadly segmented into residential, government & public utilities, commercial, and industrial. In 2024, the industrial segment is expected to account for the largest share of the environmental monitoring market. The large share of this segment is attributed to the growing emphasis on the use of predictive maintenance and remote monitoring, growing demand for industrial automation and IIoT, stringent government regulations regarding pollution monitoring technologies, and rapid industrialization. Moreover, the industrial segment is expected to register the highest CAGR during the forecast period.

Based on geography, the environmental monitoring market is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of above 34.4% of the environmental monitoring market. The large share of the region is attributed to the growing adoption of advanced monitoring technologies, stringent government mandates for environment protection, and increasing efforts and initiatives towards protecting the environment.

However, the Asia-Pacific region is expected to register the highest CAGR of above 9.0% during the forecast period. The increasing implementation of environmental monitoring and protection policies by governments and increasing compliance from industrial facilities towards environmental monitoring regulations are supporting the region's growth.

Key Players:

The key players operating in the environmental monitoring market are Danaher Corporation (U.S.), Thermo Fisher Scientific Inc. (U.S.), Merck KGaA (Germany), Agilent Technologies, Inc. (U.S.), TE Connectivity Ltd. (Switzerland), Siemens AG (Germany), Emerson Electric Co. (U.S.), Honeywell International Inc. (U.S.), Teledyne Technologies Incorporated (U.S.), Horiba, Ltd (Japan), Shimadzu Corporation (Japan), Testo SE & Co. KGaA (Germany), ACOEM Group (France), and Halma plc (U.K.).

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Key questions answered in the report-

Which are the high-growth market segments based on offering, sampling, application, and end user?
What was the historical market for smart transportation?
What are the market forecasts and estimates for the period 2024–2031?
What are the major drivers, restraints, opportunities, and challenges in the environmental monitoring market?
Who are the major players, and what shares do they hold in the environmental monitoring market?
What is the competitive landscape like in the environmental monitoring market?
What are the recent developments in the environmental monitoring market?
What are the different strategies adopted by the major players in the environmental monitoring market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the environmental monitoring market, and how do they compete with the other players?

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