Environmental Monitoring Market by Product (Monitor (Fixed, Portable), Sensor (Analog, Digital), and Software), Sampling Method (Intermittent, Continuous, Active, Passive), Application (Particulate Matter, Air, Gas, Water, Soil, Noise) - Forecast to 2021
“Environmental Monitoring Market - by Product [Monitor (Fixed, Portable), Sensor (Analog, Digital), and Software], Sampling Method (Intermittent, Continuous, Active, Passive), Application (Particulate Matter, Air, Gas, Water, Soil, Noise) - Forecast to 2021”
The global environmental monitoring market is estimated to reach USD 19.56 billion by 2021, growing at a CAGR of 7.7% during 2016 to 2021. Although the developed regions (such as North America and Europe) are expected to command the largest share in the environmental monitoring market in 2016, the Asia-Pacific region is projected to be the fastest-growing region during the forecast period. Factors such as rapid growth in industrialization, implementation of increasingly stringent environmental regulation policies, and the growing need to comply with various environmental safety regulations are propelling the growth of the environmental monitoring market in the Asia-Pacific region.
Growth in the global environmental monitoring market is driven by factors such increasing government initiatives to control environmental pollution levels, increasing government funding for pollution control and monitoring, ongoing installations of environment monitoring stations, and growing initiatives for the development of environment-friendly industries. In addition, emerging markets such as India, China, Japan, and South Korea are offering new growth opportunities for players operating in this market.
Geographically, North America is estimated to command the largest share of the global environmental monitoring market in 2016, followed by Europe. The large market share of the this region can be attributed to the increasing government funding for the maintenance and operation of environmental monitoring stations and the stringent regulations of the U.S. Environmental Protection Agency (U.S. EPA).
The environmental monitoring market is competitive, with a large number of global and local providers of environmental monitoring products. Agilent Technologies, Inc. (U.S.), Danaher Corporation (U.S.), Honeywell International Inc. (U.S.), Siemens AG (Germany), and Thermo Fisher Scientific Inc. (U.S.) were the top five players in the environmental monitoring market in 2015. These companies together accounted for ~18.1% of the global market. Product launches and product enhancements, strategic acquisitions, geographic expansions, and collaborations are the major strategies adopted by most of the market players to achieve growth in the environmental monitoring market.
Reasons to Buy the Report:
This research report focuses on various levels of analysis—market share analysis of the top players and company profiles, which together comprise and discuss basic views on the competitive landscape; emerging and high-growth segments of the environmental monitoring market; and high-growth regions and their respective drivers, restraints, challenges, and opportunities.
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help firms in garnering a greater market share. Firms purchasing the report could use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on environmental monitoring products offered by the top 10 players in the environmental monitoring market. The report analyzes the environmental monitoring market by product, sampling method, application, and regions
Product Development/Innovation: Detailed insights on current technologies, research and development activities, and new product launches in the environmental monitoring market
Market Development: Comprehensive information about the lucrative emerging markets. The report analyzes the markets for various environmental monitoring products across four geographies (North America, Europe, Asia-Pacific, and the Rest of the World)
Competitive Assessment: Assessment of market shares, strategies, products, distribution networks, and manufacturing capabilities of the leading players in the environmental monitoring market
This report studies the environmental monitoring market based on products, utilized for monitoring of various environmental pollutions (such as air, water, soil, and noise). These environmental monitoring products are used for studying various environment conditions based on various parameters (such as air quality, noise level, soil moisture content, and analysis of pesticide content in river water). The report also studies, the factors (such as drivers, restraints, opportunities, and challenges) which affect market growth in a positive and negative manner. It analyzes opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for market leaders. The report forecasts the revenue of the market segments with respect to four main regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World. The environmental monitoring market report strategically profiles the key players which are involved in manufacturing and commercialization of environmental monitoring products and comprehensively analyzes their market shares and core competencies. The report tracks and analyzes competitive developments such as mergers and acquisitions, new product developments; and partnerships and agreements in the environmental monitoring market.