According to the business intelligence report titled ‘Global Environmental Monitoring Market 2021-2028’, available with MarketStudyReport, global environmental monitoring market is slated to garner a CAGR of 8.03% during 2021-2028.
 

Industry veterans suggest that rising levels of population, expansion of green infrastructure, as well as improved awareness regarding air pollution monitoring are some of the major factors aiding the augmentation of global environmental monitoring market.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/4345881/

Further, penetration of IoT and drones in environmental monitoring coupled with growing focus on sustainable production methodologies across industries are anticipated to provide new avenues for business expansion over the forecast period.

Despite the positive industry outlook, expensive nature of environmental monitoring systems may restrict the growth trajectory of the market during the evaluation period.

Speaking of segmentation, the worldwide environmental monitoring industry is bifurcated in terms of component (environmental monitors, environmental monitoring sensors, environmental wearables, environmental monitoring software), pollution type (air, water, noise, soil),1 and region. Astute projections with respect to the growth rate and revenue of each segment are encompassed in the report.

Geographically, the Asia Pacific region currently holds the largest market share and will likely exhibit a strong growth curve during the forecast timeframe. This can be ascribed to rising greenhouse gas emissions, higher level of air pollution, and increasing prevalence of automobiles and forest fires across the landscape.

The competitive landscape of the global environmental monitoring market is shaped by prominent players like Merck KGaA, Emerson Electric Co., Agilent Technologies Inc., Teledyne Technologies Incorporated, General Electric Company, PerkinElmer Inc., Honeywell International Inc., Thermofischer Scientific Inc., Shimadzu Corporation, Siemens AG, Danaher Corporation, Forbes Marshall, Horiba Ltd, 3M Company and Aeroqual Ltd.

These companies are constantly directing their efforts towards R&D activities to improve their product offerings and meet growing consumer demands to maintain a strong presence in market dynamics.