According to the estimations put forth by Inkwood Research, the Global Environmental Monitoring Market is estimated to grow with a CAGR of 7.64% in terms of revenue during the forecasting period of 2021-2028.
“Browse 53 Market Data Tables and 47 Figures
spread over 225 Pages, along with an in-depth TOC on the Global Environmental
Monitoring Market Forecast 2021-2028.”
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Environmental monitoring is characterized
as the process of identifying, establishing, and analyzing metrics for
environmental variables for quantifying the impact of different activities on
the environment. The process enables pollution levels to be regulated, in
addition to trends being recognized. Moreover, it also constitutes monitoring
the quality of soils, water, air, and noise.
Surging
Pollution Levels to Facilitate Market Growth
The widespread incidence of environmental
pollution started with the emergence of the industrial revolution. As
populations and economies have continued to augment over the years,
environmental pollution observes a similar trend as well. This has led to a
significant global issue that impacts ecosystems, biodiversity, and human
health across the globe. As per the World Health Organization (WHO), air
pollution kills an estimated 7 million individuals annually, worldwide. The
data issued by the WHO also depicts that 9 out of 10 people breathe air exceeding
its defined guideline limits, constituting elevated levels of pollutants, with
low- and middle-income economies suffering from the highest exposures.
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Particulate
Detection was the Dominating Component in 2020
Particulate detection comprises monitoring
hazardous air as well as water contaminants within environmental and industrial
settings. It is also used to measure PM2.5, PM1, and PM10 particles.
Particulate detection helps monitor the atmosphere with high pollution and
humidity levels, in addition to monitoring water pollutants. Moreover, instruments
or devices such as air sampling pumps, air monitoring systems, portable and
stationary air monitors, air monitor calibration kits, salinity, TDS meters, and
particulate detection monitors and conductivity are utilized in particulate
detection.
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Asia-Pacific
to be the Fastest-Growing Region over the Forecast Years
As per the United Nations Environment
Programme (UNEP), while 6.5 million people die due to exposure to poor air
quality, annually, 70% of air pollution-associated deaths occur in the
Asia-Pacific. Increasing rates of forest fires and greenhouse gas emissions are
mainly accredited to the alarming rates of air pollution in the region. In
addition, the rising numbers of coal-powered stations and automobiles
significantly contribute to the region’s pollution levels, as well.
Numerous companies are introducing innovative
environmental monitoring products to capture new markets. For instance,
Honeywell International Inc launched its gas cloud imaging (GCI) system in April
2021 to provide consistent and automated monitoring for hazardous and polluting
gas leaks in Europe, including methane in oil and gas, power generation, and chemical
facilities across the continent. Hence, the competition is anticipated to
remain high across the global environmental monitoring market.
Some of the top companies operating in the
market are Siemens AG, Emerson Electric Co, 3M Company, etc.
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Inkwood Research
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studies with relevant fact-based research are customized across industry
verticals such as technology, automotive, chemicals, materials, healthcare, and
energy, with an objective comprehension that acknowledges the business
environments. Our geographical analysis comprises North & South America,
CEE, CIS, Middle East, Europe, Asia, and Africa.
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