The Global Market for Environmental Sensing and Monitoring Technologies is Projected to Reach US$25.8 Billion by 2022

Growing Environmental Burden of Population Growth and Economic Development & the Resulting Legislation of Environmental Directives as Interventional Measures to Protect the Ecosystem Fuels Demand for Environmental Sensing and Monitoring Technologies, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Environmental Sensing and Monitoring Technologies market. The global market for Environmental Sensing and Monitoring Technologies is projected to reach US$25.8 billion by 2022, driven by increasing pollution, growing environmental burden of industrialization, population explosion and unsustainable agricultural practices and the ensuing legislation of stringent environmental regulations to protect the environment from further deterioration.     

Environmental pollution is today one of the gravest problems the world faces, which continues to rise with each passing year causing irreparable damage to earth and all biological life. Beginning from the industrial revolution, pollution has reached mammoth proportions. Rapid growth in population, industrialization and unsustainable agricultural practices to feed the ever-growing population have contributed significantly to the deterioration of air, water, and soil quality levels over the years. While the health of human and other biological life is increasingly becoming a concern, it is the growing stringency in environmental regulations across the globe that is driving the market for environmental sensing and monitoring technologies. These technologies include sensors, monitors and associated software that allow detection of changes in the environment, including detection of parameters such as temperature and monitoring of various pollutants, enabling users to check environmentally damaging activities and take remedial actions. While regulations create the push, finances in the form of funds and investments provide the means for adoption of these technologies. In addition to enforcing strict regulations to mitigate environmental harm, increasing government and private investments are fueling growth in the market.

The growing need for cost-effective and more sensitive monitoring equipment is driving technological advancements and innovation. While micromachining strategies are helping enhance the scope of sensor fabrication applications, nanotechnology and micro-electromechanical technology are leading to improvements in sensor development, design and production of in-expensive compact sensors. These developments are leading to the production of more compact biosensors and electronic sensors and are aiding in large scale commercialization of miniaturized chemical sensors and biosensors. Also, poised to grow in popularity are wireless sensor devices comprising of multiple sensors that offer performance advantages over current multi-sensor monitoring technology. Wireless sensor networks (WSNs) have gained significant popularity over the years, particularly in industrial settings, and are expected to witness further growth in the coming years. Products that provide smooth and intuitive control as well as greater synergy among man and environment are expected to gain a stronger foothold in the market.

As stated by the new market research report on Environmental Sensing and Monitoring Technologies, the United States represents the largest market worldwide. The U.S., along with Europe, is home to some of the most stringent environmental regimes practiced worldwide. Emerging markets undergoing rapid industrialization and witnessing a parallel increase in pollution will rise to spur future growth in the market. Asia-Pacific ranks as the fastest growing market worldwide with a CAGR of 11.4% through the analysis period. The growth in the region is led by the emergence Asian economies as a major hub for petrochemical processing plants, refineries, metals and mining, and manufacturing; increasing pollution and health issues; growing international pressure on local governments to reduce pollution and the ensuing implementation of stringent environment protection policies. Air monitoring represents the largest market segment, while water monitoring ranks as the fastest growing market spearheading global growth through the review period.   

Major players covered in the report include AirTest Technologies Inc., Applied Technologies, Inc., City Technology, Ltd., Coastal Environmental Systems, Inc., E.S.I. Environmental Sensors, Inc., Lockheed Martin Corporation, MEMSIC, Inc., Northrop Grumman Corp., Ocean Optics, Inc., Raytheon Company, Sensors, Inc., TE Connectivity Ltd. and Vaisala Oyj among others.

The research report titled “Environmental Sensing and Monitoring Technologies: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for Environmental Sensing and Monitoring Technologies in value terms for all major geographic markets such as United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Latin America and Rest of World. Application segments analyzed in the report include Air Monitoring, Water Monitoring, Soil Monitoring and Noise Monitoring.

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