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Redding, California - June 4, 2024

Environmental Monitoring Market to be Worth $33.9 Billion by 2031

Environmental Monitoring Market by Offering (Hardware (Sensors, Monitors, Others), Software, Services), Sampling Method, 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 Method, 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 of this market is driven by several factors, including increasing government expenditures on environmental sustainability programs, the introduction of policies designed to reduce pollution, and the growing installation of environmental monitoring stations. However, trade restrictions on environmental technologies in emerging markets and the slow adoption & implementation of pollution control policies restrain the market’s growth.

Additionally, the integration of IoT and nanotechnology into environmental monitoring solutions and the growing use of unmanned aerial vehicles for environmental monitoring are expected to create market growth opportunities. However, the high costs associated with environmental monitoring solutions pose challenges to the market’s growth.

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

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 over 78.0% of the environmental monitoring market. The large market share of this segment is attributed to the increasing installation of environmental monitoring stations, the growing use of environmental sensors in the industrial sector, and the introduction of stringent regulations aimed at reducing pollution.

However, the solutions segment is expected to register the highest CAGR during the forecast period. The growth of this segment is driven by the increasing adoption of environmental monitoring solutions in the industrial sector and the introduction of advanced environmental monitoring solutions by market players.

Based on sampling method, 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 over 47.5% of the environmental monitoring market. The large market share of this segment is attributed to the advantages of continuous monitoring systems, including their capability to rapidly analyze pollutants, detect real-time changes in pollutant concentrations, and enable prompt corrective actions.

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 over 42.5% of the environmental monitoring market. The large share of this segment is attributed to the rising air pollution levels and the growing pressure on governments to implement strict guidelines & regulations to monitor air pollution.

Moreover, the air pollution monitoring segment is expected to register the highest CAGR during the forecast period.

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 market share of this segment is attributed to the increasing focus on predictive maintenance and remote monitoring, stringent government regulations on industrial pollution, 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 over 34.4% of the environmental monitoring market. North America’s major market share can be attributed to the high adoption of advanced environmental monitoring technologies, stringent government mandates for environmental protection, and increasing initiatives aimed at safeguarding the environment.

However, the market in Asia-Pacific is expected to register the highest CAGR of over 9.0% during the forecast period. The growth of this regional market is driven by the increasing implementation of environmental monitoring & protection policies and the increasing adoption of environmental monitoring technologies in the industrial sector.

Key Players:

The key players operating in the environmental monitoring market include 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.).

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5024

Key Questions Answered in the Report:

Which are the high-growth market segments based on offering, sampling method, 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 in the environmental monitoring market, and what are their market shares?
What is the competitive landscape like?
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 emerging players in the environmental monitoring market, and how do they compete with other players?

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Redding, California - June 4, 2024

Environmental Monitoring Market to be Worth $33.9 Billion by 2031

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

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