Global Environmental Monitoring Market to Grow at a CAGR of 6.30% During 2024-2032, Aided by the Implementation of Stringent Environmental Policies at Global Level

Environmental monitoring involves observing and managing the state of the environment post-industrial activities to gauge the effectiveness of environmental policies and identify emerging issues. Factors such as global population growth, pollution reduction initiatives, and government support for pollution control drive the environmental monitoring market growth.

Increasing focus on the reduction of carbon emissions and achieving decarbonisation by 2030 is strengthening the market growth for environmental monitoring. Over 140 countries, including major polluters such as China, the United States, India, and the European Union, have set a net-zero target for emissions, which covers approximately 88% of global emissions. This initiative is joined by more than 9,000 companies, with over 1000 cities, more than 1000 educational institutions and over 600 financial institutions.

Fig: Global CO2 Emissions by Sector, 2019-2022, Units: Gt CO2

The power sector holds a major share of carbon emissions globally, with 42.16% of the total contribution, accounting for 14.65 Gt CO2 in 2022. It is followed by Industry at 26.33%, Transport at 22.96% and Buildings at 8.55%.

In February 2024, the Chilean Superintendence of the Environment (SMA) implemented a new monitoring system, utilising advanced algorithms and data from the National Fisheries and Aquaculture Service, to track production cycles and enforce environmental standards. This initiative aims to bolster transparency and accountability in salmon farming operations across the country.

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Market Breakup by Product Type, Sampling Method, Component, Application, and Region:

• The market can be broadly categorised based on its product type into environmental monitors, fixed environmental monitors, portable environmental monitors, environmental sensors, analogue sensors, digital sensors, and environmental monitoring software.

• The market can be divided based on the sampling method into continuous monitoring, active monitoring, passive monitoring, intermittent monitoring.

• Based on component, the market can be divided into particulate detection, chemical detection, biological detection, temperature sensing, moisture detection, and noise measurement.

• The market for environmental monitoring can be divided based on its application as air pollution, water pollution, soil pollution, and noise pollution.

• Region-wise, the global market for environmental monitoring can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The growing emphasis on reducing carbon emissions and achieving decarbonisation by 2030 is fueling the market for environmental monitoring.

• Focus on sustainability drives the need for monitoring and assessing the effectiveness of emission reduction strategies across various sectors.

• Supportive government initiatives and advancements in monitoring technologies are expected to aid the market development.

Key Offerings of the Report:

• The EMR report gives an overview of the global environmental monitoring market for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the product type, sampling method, component, application, and major regions of environmental monitoring.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global environmental monitoring market are Danaher Corporation, Emerson Electric Co., E.S.I. Environmental Sensors Inc., General Electric Company, Honeywell International, Inc., Agilent Technologies, Inc., TE Connectivity Ltd., and Siemens AG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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