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Environmental Monitoring Market Size, Share, Growth Analysis, By Component (Particulate Detection, Chemical Detection), By Application (Air Pollution Monitoring, Water Pollution Monitoring), By End-Use (Corporate, Government), By Region -Industry Forecast 2025-2032

Report ID: SQMIG20L2057 | Region: Global | Published Date: January, 2025
Pages: 187 | Tables: 117 | Figures: 72

Environmental Monitoring Market News

  • October 2021- ABB introduced the world's first touch-free environmental smart sensor to help decrease indoor pollution. The ABB Fusion Air Intelligent Sensor has four detecting choices to enable ideal conditions for better indoor air quality, safety, and comfort.
  • January 2021- Pittsburgh International Airport announced cooperation with Honeywell to evaluate air quality enhancement technologies at the airport's recently built innovation center, Uxbridge. Honeywell's Healthy Buildings platform and air quality monitoring technologies will be used at Pittsburgh International Airport.
  • February 2023- Emerson combined its comprehensive power expertise and renewable energy capabilities into the Ovation Green portfolio to help power generation companies meet the needs of customers navigating the transition to green energy generation and storage.
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Global Environmental Monitoring Market size was valued at USD 14.4 Billion in 2023 and is poised to grow from USD 15.22 Billion in 2024 to USD 22.44 Billion by 2032, growing at a CAGR of 5.7% in the forecast period (2025-2032).

The global environmental monitoring industry is characterized by fierce competition between global players, local companies and start-up companies, all of which are trying to meet the growing demand for a solution advanced monitoring solution. Thermo Fisher Scientific, Agilent Technologies, Danaher Corporation, and Horiba, Ltd. etc. Key players dominate the market with broad product offerings and strong global presence. These companies invest heavily in R&D to come up with cutting-edge technologies, such as IoT-enabled and AI-based sensors analytics platforms to ensure accurate real-time environmental data. 'Thermo Fisher Scientific Inc.', 'Agilent Technologies, Inc.', 'Danaher Corporation', 'Horiba Ltd.', 'Teledyne Technologies Incorporated', 'Siemens AG', 'General Electric Company (GE)', 'PerkinElmer Inc.', '3M Company', 'Honeywell International Inc.', 'ABB Ltd.', 'Emerson Electric Co.', 'Merck KGaA', 'Environmental Sensors Inc.', 'TSI Incorporated'

Urbanization contributes to higher levels of pollution, affecting air, water, and soil quality. According to a study, by 2050, an estimated 9 billion people will live in cities or urban centers, which is predicted to be the main cause of resource shortages in the years to come. Innovation and digital technology must be used to reduce energy consumption and enhance the quality of life to deal with the rise in urbanization and climate change challenges. To address urbanization concerns and ensure sustainability, which is anticipated to fuel the expansion of the market shortly, innovation must also be integrated with energy, digital technology, and information and communications technology.

Growing Regulatory Policies and Requirements: The rising strict government regulations regarding environmental protection and pollution control mandate the monitoring of water, soil, air, and other environmental elements. These regulations ensure industries comply with environmental standards, thereby preventing and minimizing pollution. The World Bank program is introducing tools for airshed management and planning to support state and regional air quality management approaches.

As per environmental monitoring market analysis, North America is the most significant market shareholder and is estimated to exhibit a CAGR of 5.0% during the forecast period. Many industrial sectors now use environment monitoring systems to the Industrial 4.0 revolution, significant technology breakthroughs, and social change in this region. The government's strict pollution monitoring and control measures also expand the market. The government has strict laws surrounding the discharge of pollutants. Thus, business stakeholders constantly monitor the air quality. The increased rate of industrialization in the United States and Canada has increased the amount of air pollutants, which further fuels market expansion.

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Report ID: SQMIG20L2057

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