Environmental Monitoring Market
Environmental monitoring is the process of collecting and analyzing data on the environment. It is a critical part of understanding the state of the environment and how it is changing over time. With the help of environmental monitoring, governments and businesses can make informed decisions about how to protect the environment and mitigate the effects of climate change.
Environmental Monitoring Market is expected to reach a value of $ 17.9 billion by 2026, driven by the increasing awareness of environmental issues and the need for sustainable development. Factors such as increasing government regulations, technological advancements, and the growing demand for accurate and reliable environmental data are also driving the growth of the environmental monitoring market.
Environmental monitoring systems are used to measure the quality of air, water, and soil, as well as to detect environmental hazards such as hazardous chemicals, pollutants, and radiation. These systems use a variety of sensors and monitors to collect data, which is then analyzed to determine the current state of the environment.
The environmental monitoring market is segmented into air quality monitoring, water quality monitoring, soil quality monitoring, and hazardous substance monitoring. Air quality monitoring systems are used to measure the concentration of pollutants in the air, while water quality monitoring systems measure the levels of contaminants in water. Soil quality monitoring systems measure the levels of pollutants in soil, while hazardous substance monitoring systems are used to detect the presence of hazardous chemicals and radiation.
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The environmental monitoring market is further segmented into fixed monitoring systems and portable monitoring systems. Fixed monitoring systems are typically used in large-scale operations, while portable monitoring systems are used in smaller operations.
Key Players
The environmental monitoring market is highly competitive and is dominated by a handful of large players. Companies such as Emerson Electric Co. (US), 3M (US), Honeywell International Inc. (US), Thermo Fisher Scientific (US), Danaher (US), Agilent Technologies (US), Shimadzu Corporation (Japan) and PerkinElmer (US)
An environmental monitoring system is used to analyze air, water, and soil samples and monitor the quality of the environment. This system controls and monitors the environmental state during and after an industrial operation. Market growth is mainly driven by the companies rearranging their operations and recovering from the COVID-19 impact, increasing public awareness about the health implications of environmental pollution, and rising levels of PM2.5 in the air. In addition, increasing government emphasis on compliance to pollution monitoring standards are expected to offer growth opportunities for players in the environmental monitoring market. However, issues related to high product costs and the limited usage of particulate analyzers in emerging and underdeveloped markets are expected to hinder the growth of the environmental monitoring market during the forecast period.
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Recent Developments
- In March 2021, Danaherrsquo;s Environmental Water Group acquired Sedaru Inc. (US), a leading provider of water utility management software. Sedaru streamlines workflows across the utility enterprise, unifying disconnected systems and extending the useful life of water amp; wastewater system assets such as pipes, valves, and pumps.
- In March 2021, PerkinElmer acquired state-of-the-art columns and chemistries from ES Industries, which is known for its innovative and highly efficient and supercritical fluid chromatography (SFC) column chemistries. The team has over 40 years of experience delivering columns with superior reliability, scalability, and reproducibility used routinely for method development processes, LC/MS analysis, quality control, and preparative purification.
- In September 2020, Hach (a Danaher subsidiary) announced its partnership with 120Water to offer its customers an end-to-end lead and copper compliance testing solution. This partnership enables Hach to offer the 120Water digital water platform as an additional service to its existing and new customers.
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