Environmental Monitoring Market Overview:
The Environmental Monitoring Market is expected to reach USD 17.9 billion by 2026 from an estimated USD 14.5 billion in 2021, at a CAGR of 4.5% from 2021 to 2026. 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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COVID-19 Impact on the global environmental monitoring market
Logistical issues, managing patients with the disease, prioritizing patients with comorbidities and pre-existing conditions, and protecting the public and hospital frontline workers from exposure to the COVID-19 infection are the significant challenges faced by healthcare systems across the globe. Many hospitals have implemented various isolation approaches to reduce the spread of the infection.
Due to movement restrictions and a significant slowdown in social and economic activities, air quality has improved in many cities, reducing water pollution in different parts of the world. However, the increased use of PPE equipment (face masks, hand gloves, etc.), their haphazard disposal, and the generation of a considerable amount of hospital waste have negatively impacted the environment.
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Market Segmentation:
The Continuous Monitoring segment accounted for the largest share of the environmental monitoring market, by sampling method, in 2020
Based on the sampling method, the environmental monitoring market is segmented into continuous, active, passive, and intermittent monitoring. In 2020, the continuous monitoring segment accounted for the largest share of the environmental monitoring market with a share of 57.11%. The large share of this segment can primarily be attributed to the growing public emphasis on the development of environment-friendly industries, real-time monitoring of samples, and the rising levels of environmental pollution in major regions across the globe.
The Particulate Detection segment accounted for the largest share of the environmental monitoring market, by component, in 2020
Based on component, the environmental monitoring market is segmented into particulate detection, chemical detection, biological detection, temperature sensing, moisture detection, and noise measurement. The particulate detection is further divided into PM2.5 detection, PM10 detection and other detection, whereas the chemical detection is further segmented into gas detection, volatile organic compound detection, pesticide detection and other chemicals. The particulate detection segment accounted for the largest share of 47.2% of the environmental monitoring market in 2020. This can be attributed to the rising levels of PM2.5 and PM10 in the air, increasing market demand for outdoor and indoor air quality monitors or PM monitors, and rapid rise in air pollution levels due to increasing industrialization and urbanization in the emerging countries.
Key Players:
The competitive landscape includes the analysis of the key growth strategies adopted by major players between 2018–2021 to expand their global presence and increase their market shares in the defibrillator market. The key growth strategies adopted by the top players in the market include product launches & approvals, mergers & acquisitions, collaborations, partnerships, and agreements. Product approvals and launches were the most widely adopted growth strategies by market players in the last three years to garner a larger share of the market. The environmental monitoring market is dominated by 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),
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