• Stacy Lawlor

Global Environmental Monitoring Market Size to grow by US$ 20.37 Bn in 2030

The Global Environmental Monitoring Market is projected to grow from USD 14.50 billion in 2021 to USD 20.37 billion by 2030 at a CAGR of 4.5% during the forecast period.


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Increased public awareness of the health effects of environmental pollution, increased government emphasis on compliance with pollution monitoring standards, and company restructuring and recovery from the COVID-19 impact are expected to provide growth opportunities for market participants in the environmental monitoring sector.


Air quality has improved in many cities, lowering water pollution in various regions of the world, as a result of movement limitations and a considerable slowdown in social and economic activity. But the increased usage of personal protective equipment (PPE) like face masks and hand gloves, as well as their careless disposal and the production of a lot of hospital trash, have had a severe influence on the environment. Due to a number of variables, including the expanding use of environmental sensors, particularly air quality and climate sensors, in consumer electronics, public utility sectors, and government the market for environmental monitoring has a promising growth potential.


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Environmental monitoring systems are now being used more frequently around the world as a result of the increase in mortality brought on by growing pollution levels. Additionally, as industrial growth has continued to grow along with the human population, pollution creation is unavoidable. As a result, the usage of environmental monitoring solutions has increased in emerging nations. Additionally, the spike in deaths has been attributed to the region's increasing pollution in developing nations like China, India, and Japan.


The Ministry of Environment and Forests is largely focused on the implementation of policies and initiatives related to the conservation of the nation's natural resources, including as biodiversity, lakes and rivers, wildlife, forests, as well as the prevention and reduction of pollution.


Asia Pacific is predicted to develop at the highest CAGR of any regional market due to the increased focus on implementing environmental monitoring systems to enhance living conditions and regulate and reduce pollution levels. As part of efforts to combat global climate change, countries in the Asia Pacific region have been putting more and more emphasis on lowering pollution levels in recent years. In the Asia Pacific, the deployment of air quality monitoring systems as part of smart city projects is anticipated to become a significant growth driver. Additionally, it is predicted that during the course of the forecast period, SMEs in the manufacturing sector of emerging economies like China and India will implement and expand their pollution monitoring systems.


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KEY INDUSTRY DEVELOPMENTS:

In March 2021, Sedaru Inc. (US), a well-known supplier of water utility management software, was purchased by Danaher's Environmental Water Group. By bringing together disparate technologies and prolonging the useful life of water and wastewater system assets including pipes, valves, and pumps, Sedaru improves operations across the utility company.


In March 2021, PerkinElmer purchased cutting-edge columns and chemistries from ES Industries. ES Industries is renowned for its cutting-edge and extremely effective HPLC and supercritical fluid chromatography (SFC) column chemistries. The group has more than 40 years of experience producing columns with exceptional dependability, scalability, and repeatability that are frequently used for quality control, LC/MS analysis, method development processes, and preparative purification.


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