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Environmental Monitoring Market Projected to Garner $29.23 Bn by 2026, Says Allied Market Research

Environmental Monitoring Market

Environmental Monitoring Market

The surge in need for better natural resource management, growing health concern, and rising deaths due to rising pollution levels drive the market growth.

PORTLAND, OREGON, UNITED STATES, October 13, 2020 / -- Particulate matter segment is expected to attain significant growth in the upcoming years, owing to the rise in levels of PM10 and PM2.5 in the air and increase in road traffic pollutions drives the growth of the market.

Surge in need for better natural resource management, growing health concern and rising deaths due to rising pollution levels, and development of environment-friendly industries drive the growth of the global environmental monitoring market

The global environmental monitoring market was pegged at $16.44 billion in 2018 and is expected to reach $29234.12 million by 2026, registering a CAGR of 7.6% from 2019 to 2026.

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The air pollution monitoring segment held the largest share in 2018, contributing to nearly half of the global environmental monitoring market, owing to a rise in the level of air pollution across the globe. However, the noise pollution monitoring segment is expected to register the fastest CAGR of 11.1% during the forecast period, owing to the various regulation taken by the government for minimizing the noise across the globe.

The market across North America dominated in 2018, contributing to around two-fifths of the total revenue, owing to the stringent pollution monitoring and control regulations made by the government. However, the global environmental monitoring market across Asia-Pacific is expected to manifest the fastest CAGR of 10.2% during the forecast period, owing to rise in level of water, air, and soil pollution in developing countries such as China and India.

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The noise measurement segment is projected to portray the fastest CAGR of 8.8% through 2026, owing to rise in installation of these devices for deploying the noise control programs and helping the workplace to identify which places have noise problems. However, the particulate detection segment held the largest share in 2018, accounting for more than one-fourth of the global environmental monitoring market, due to rise in air pollution owing to harmful chemicals releases in the air by several chemical industries.

The report analyses the profiles of key players operating in the market Honeywell International, Inc., General Electric, Emerson Electric Co., Teledyne Technologies Incorporated, Thermofisher Scientific, 3M, Siemens AG, TE Connectivity, Merck KGaA, and Danaher Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

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