Strict regulation for curbing global warming and deteriorating climate conditions to encourage market growth
Market Size – USD 17.13 billion in 2020 Market Growth – 9.5% Market Trends – Increasing awareness for need of pollution regulation
The global environmental monitoring market size is expected to reach USD 34.9 billion by 2028 at a CAGR of 9.5%, according to a new report by Reports and Data.
Rapid urbanization and industrialization across the globe have severely affected the global climate condition. Countries like India and China, where industrialization has been the fastest in the last couple of decades and regulatory landscape the least strict, pollution levels have been at an all-time high. Many developed countries have outsourced their manufacturing plants to developing countries which has worsened the quality of air, water and soil in these countries. But global pressure on these countries to regulate their emission levels is mounting, thus creating considerable opportunities for the environmental monitoring market.
Key industry players operating in the market include 3M; Agilent Technologies; Danaher Corporation; Emerson Electric; General Electric Company; Honeywell International Inc.; Horiba, Ltd.; Siemens; Teledyne Technologies Inc.; and Thermo Fisher Scientific, Inc.
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According to the United Nations European Commission for Europe (UNECE) over the past decade, only a few countries of Europe and Central Asia have been able to maintain monitoring activities.
Governments of many emerging nations have been evasive about implementing such restraints are they are of the opinion that the underprivileged masses of their countries are better served by economic growth than by environmental stability. This may restrain environmental monitoring market growth to some extent.
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2028. For this study, Reports and Data has segmented the global environmental monitoring market report based on product, sampling method, component, application, and region:
Product Outlook (Revenue, USD Million, 2018 – 2028)
Sampling Method Outlook (Revenue, USD Million, 2018 – 2028)
Component Outlook (Revenue, USD Million, 2018 – 2028)
Application Outlook (Revenue, USD Million, 2018 – 2028)
Regional Outlook (Revenue, USD Million, 2018 – 2028)
– The U.S.
– Canada
– U.K.
– Germany
– China
– India
– Japan
– Brazil
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Key Highlight from the Report:
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