Global Environmental Monitoring Service Market 2023-2030

Global Environmental Monitoring Service Market 2023-2030

Global Environmental Monitoring Service Market Size, Share & Trends Analysis Report by Product Type (Environmental Monitoring Kits, and Environmental Monitoring Software), by Application (Particulate Detection, Chemical Detection, Air Pollution, Temperature Sensing, Noise Measurement, and Others) and by End-User (Government Agencies & Smart City Authorities, Industrial, Healthcare, and Others), Forecast Period (2023-2030)

The global environmental monitoring services market is anticipated to grow at a considerable CAGR of 8.2% during the forecast period. This is primarily owing to the rapidly expanding consumer awareness of rising pollution levels and strict government rules about tracking and reducing pollution. For instance, in January 2023, the Union Ministry for Electronics and Information Technology (MeitY) unveiled a new technology for the Air Quality MonitoringSystem (AI-AQMS v1.0) to monitor environment pollutants. Additionally, introduction of big data analytics, innovation in sensor technology, and nanotechnology-based environmental monitoring products, along with an ever-growing oil and gas industry, will further propel the environmental monitoring service market.

Segmental Outlook

The global environmental monitoring services market is segmented on the basis of product type, application, and end-user. Based on the product type, the market is sub-segmented into environmental monitoring kits, and environmental monitoring software. Based on the application, the market is sub-segmented into particulate detection, chemical detection, air pollution, temperature sensing, noise measurement, and others including moisture detection and soil detection. Based on the end-user, the market is sub-segmented into government agencies & smart city authorities, industrial, healthcare, and others including agriculture, residential and commercial. Among the end-user, industrial sub-segment is anticipated to hold a considerable share of the market owing to the growing number of power plants and refineries and urbanization in emerging countries.



Air Pollution Sub-Segment is Anticipated to Hold a Considerable Share of the Global Environmental Monitoring Services Market

Among the application, the air pollution sub-segment is expected to hold a considerable share of the market and is further anticipated to grow at a considerable CAGR over the forecast period. The manufacturing and industrial sectors along with the sale of vehicles are expected to expand quickly over the coming years, and there will also be more commercial and passenger vehicles on the road. Furthermore, it is predicted that over the course of the forecast period, the market would be driven by strict government rules governing the monitoring and management of air pollution as well as the increased use of air quality monitoring systems by big organizations and small and medium-sized enterprises (SMEs). Till September 2023, real-time air quality information is available for more than 50,000 stations in 2000 major cities from 132 countries, by the effort from the world EPAs (Environmental Protection Agencies). In order to keep a high level on consistency, only stations with particulate matter (PM2.5/PM10) readings are published. The air quality index (AQI) standard for every single published station is based on the US EPA Instant-Cast standard. Several machine learning processing solutions are utilized to ensure each AQI number is accurate to a high degree.

Regional Outlook

The global environmental monitoring services market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, North America to hold a significant share of the global environmental monitoring services market. The market share is primarily attributed by the strict pollution monitoring and control regulations by the US government and organizations. Furthermore, the widespread adoption of such monitoring systems in the region is another factor anticipated tobe influence numerous smart city projects and the existence of several established industrial production clusters.

The Asia-Pacific Region is Expected to Grow at a Significant CAGR in the Global Environmental Monitoring Services Market

Among all regions, the Asia-Pacific region is expected to grow at a prominent CAGR over the forecast period, globally. This can be attributed primarily owing to the increased government funding for the creation of environmental monitoring stations, tough rules that encourage the larger adoption of pollution monitoring systems, and technological advances in the field of environmental sensors. Additionally, industrial growth is expected to grow continuously along with the human population, hence pollution remains inevitable. As a result, the usage of environmental monitoring solutions has increased in emerging nations.

In addition, the growing pollution in this region has contributed to an increase in death rates in developing nations such as India, China, and Japan. India has the largest number of air pollution-related mortalities globally in 2019 with an estimated 1.6 million fatalities. Moreover, India has the largest number of fatalities from all types of pollution (approx.. 2.4 million), including lead, water, and occupational pollution. Air pollution was most severe in the Indo-Gangetic Plain, where New Delhi and other polluted cities are located.

Market Players Outlook

The major companies serving the environmental monitoring services market include 3M Co., Merck KGaA, Forbes Marshall Pvt. Ltd., Thermo Fisher Scientific Inc., Shimadzu Corp., PerkinElmer Inc., Emerson Electric Co., Sensors, Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in September 2021, Emerson launched Rosemount™ XE10 Continuous Emissions Monitoring System (CEMS), which is designed to help industrial plants meet increasingly strict environmental regulations and evolving sustainability demands. The new system enables accurate emissions monitoring and reporting to assist plant operators in lowering the risk of non-compliance shutdowns and fines through built-in performance analytics and automatic validation capabilities.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global environmental monitoring services market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.