Environmental Monitoring Market

Market Overview

The global environmental monitoring market was valued at USD 20.4 billion in 2022. It is estimated to reach USD 38.14 billion by 2031, growing at a CAGR of 7.2% during the forecast period (2023–2031). The rise in the need for better natural resource management, a surge in health concerns, and increased deaths due to the rise in pollution levels stimulate market growth.

Environmental monitoring entails utilizing various tools and techniques to assess the influence of activity on the environment. It includes a central data management center, compliance checking validation, automated environmental monitoring alerts, and quality management. It helps protect public water supplies, manage radioactive and hazardous refuse, and identify and analyze pollution sources. In addition to allocating resources for land planning and economic development, protecting endangered species, mitigating risks, and safeguarding human health, it is gathering traction globally. Environment monitoring is the process of regulating and monitoring the condition of the environment following the completion of industrial operations and functions. The primary objective of environmental monitoring is to detect changes in temperature, ventilation, humidity, smoke, and the presence of water at remote sites.

Moreover, various government and industrial applications utilize the system to monitor and detect changes in temperature, particulate matter, humidity, chemical air pollutants, water quality, and noise level. In addition, the environment monitoring system utilizes these sensors to detect the characteristics mentioned above and sends various alerts to users if pollution levels rise.

Market Dynamics

Global Environmental Monitoring Market Drivers:

Rise in Need of Better Natural Resource Management

Urbanization and population growth are happening quickly worldwide. According to a study, by 2050, an estimated 9 billion people will live in cities or urban centers, which is predicted to be the main cause of resource shortages in the years to come. In addition, because cities are the main engines of economic growth in most nations, more urbanization is anticipated shortly. Innovation and digital technology must be used to reduce energy consumption and enhance the quality of life to deal with the rise in urbanization and climate change challenges. To address urbanization concerns and ensure sustainability, which is anticipated to fuel the expansion of the market shortly, innovation must also be integrated with energy, digital technology, and information and communications technology.

Additionally, the promotion of solar energy is necessary. The government has begun to take action to promote the use of solar power. However, less than 2% of gas is now used simultaneously with solar and wind energy, which is important.

Surge in Health Concerns and Increased Deaths Due to Rise in Pollution Levels

Numerous health issues have arisen as a direct consequence of the growth in the number of deaths brought on by the increased pollution levels. As a direct and immediate response to these concerns, there has been an increase in the deployment of environmental monitoring systems across the globe. The growth of the human population has also led to a continuance of the quickening of industrial development. As a direct consequence of this, the production of pollution will continue to be inescapable. As a direct result of this, there has been an increase in the number of emerging countries that have begun to deploy systems for environmental monitoring.

In addition, there has been an increase in the number of deaths in developing nations like India, China, and Japan due to the rising pollution levels in this region. This phenomenon may be directly attributed to the increasing pollution levels in this region.

Global Environmental Monitoring Market Restraint:

Slow Implementation of Pollution Control Reforms in Emerging Countries

As a result of expanding urbanization and population, developing nations like India, China, and Japan are among those with the highest pollution levels. Additionally, the market growth in these nations is significantly impacted by the sluggish implementation of pollution control legislation.

Additionally, the market's expansion is hampered by several instances of government incompetence in regulating pollution nationwide and failure to implement various reforms to lessen environmental pollution. For example, according to a survey by the Chinese government, China has some of the worst air pollution in the world because of the concentration of particulate matter in the air brought on by increasing urbanization.

Global Environmental Monitoring Market Opportunities:

Rising Participation and Investments by Businesses for Deployment of Pollution Monitoring

Expanding industry in developing nations has compelled such nations to enact strong environmental regulations to limit greenhouse gas and particle emissions into the atmosphere. The Chinese Ministry of Environmental Protection has announced legislative requirements for all provinces, municipalities, and autonomous regions to reduce air pollution. These rules aim to reduce four key pollutant emissions from factories and power plants. The regulations also seek to cut sulfur dioxide emissions carried in the air by 12.9%. Furthermore, the government and numerous industries have been forced to install new environmental monitoring systems in limited spaces due to the rapid growth in pollution brought on by urbanization and industry. Additionally, the market has benefited greatly from the rise in demand for air quality monitoring systems from various manufacturing companies.

Regional Analysis

North America Dominates the Global Market

The global environmental monitoring market is bifurcated based on region into North America, Europe, Asia-Pacific, and LAMEA.

North America is the most significant global environmental monitoring market shareholder and is estimated to exhibit a CAGR of 5.0% over the forecast period. Many industrial sectors now use environment monitoring systems thanks to the Industrial 4.0 revolution, significant technology breakthroughs, and social change in this area. The government's strict pollution monitoring and control measures also expand the market. The government has strict laws surrounding the discharge of pollutants. Thus, business stakeholders constantly monitor the air quality. The increased rate of industrialization in the United States and Canada has increased the amount of air pollutants, which further fuels market expansion. To avoid illnesses like asthma, clients also choose to monitor the air quality within the home.

The North American region is responsible for 6% of the world's power plant-related greenhouse gas emissions, harming the environment and human health. The electric power sector, which accounts for around two-thirds of the region's industrial arsenic emissions, is North America's most polluting industrial sector.

Europe is anticipated to exhibit a CAGR of 8.10% over the forecast period. In recent years, the European market has only seen modest expansion due to the downturn in economic activity in this region. Nevertheless, the economy of Europe is beginning to show signs of improvement, which, in turn, is encouraging the expansion of environmental monitoring. The expansion of this market is also being driven by an increase in the amount of cash provided by the government for the creation and installation of pollution monitoring products in this region. The environmental monitoring market in the European region has seen substantial expansion in recent years. This can be attributed to the increasing pollution level in countries like France and Germany and the installation of strict legislation to decrease the pollution level.

In addition, Europe has seen an increase in environmental monitoring, which may be attributed to enforcing rigorous air pollution regulation criteria. As a result, the market for environmental monitoring in Europe is expanding at a consistent rate.

Asia-Pacific is a developing market for environmental monitoring, and it is anticipated to present enormous prospects for global businesses. Due to the fast adoption of emerging technologies by various enterprises and the industrial sector, this region is predicted to grow rapidly during the projection period. The market is expanding because of the increased air, water, and soil pollution in developing nations like China and India. Over the projection period, it is anticipated that the Asia-Pacific market for environment monitoring will have considerable expansion. Diverse levels of development are present in the market in the region's diverse nations.

Additionally, the market is anticipated to expand in developing nations like China and India due to rapid industrialization and rising electricity needs. To successfully control emissions from the industrial sector, these governments are implementing strict rules. Countries in the Asia Pacific area, like China and India, are increasing their IT spending, promoting digitalization development.

In LAMEA, the market is expanding due to increased demand for solutions to monitor soil and water contamination in Brazil and Mexico. The primary goal of LAMEA's adopting an environmental monitoring system is to lessen air and soil pollution in the region's developing nations in the Middle East and Africa. Compared to other regions, the environmental monitoring market in LAMEA is growing more slowly.

However, it is anticipated that Latin America and the Middle East will grow significantly during the predicted period. Latin America, the Middle East, and Africa comprise the LAMEA geographical sector. Due mostly to growing industrialization and investments in the thermal power sector, industrial air, soil, and water pollution has been rising yearly in these areas. The WHO and UNEP have called attention to the air pollution levels in these areas and recognized industrial pollution as the region's primary strategic priority for reducing premature mortality.

Segmental Analysis

The global environmental monitoring market is bifurcated into components, product types, and applications.

Based on the components, the global environmental monitoring market is bifurcated into particulate detection, chemical detection, biological detection, temperature sensing, moisture detection, and noise measurement. 

The particulate detection segment dominates the global market and is projected to exhibit a CAGR of 6.40% over the forecast period. With the use of a method referred to as particle detection, it is possible to locate, track, and determine the many types of pollutants in the atmosphere. Utilized here is a technique for the detection of particles. Most of these contaminants are produced due to the interaction between radioactive decay and the radiation that originates from space. This interaction can be thought of as a nuclear chain reaction.

In addition, the expansion of the particle detection market is driven in significant part by the rise in air pollution, which is caused by the release of hazardous chemicals into the atmosphere by some chemical enterprises. This rise in air pollution is one of the primary factors contributing to the growth of the market for particle detection. This is a very important factor contributing to the market's overall growth.

Based on product type, the global environmental monitoring market is segmented into environmental monitors, environmental monitoring sensors, and wearable environmental monitors. 

The environmental monitors segment dominates the global market and is predicted to exhibit a CAGR of 6.20% during the forecast period. Environmental monitors are the tools used to assess the environment and ensure that no adverse effects from human activity are felt. Environmental monitors are also deployed due to the growing requirement to monitor air quality and enhance it. They are resulting in a notable rise in these monitors. An increase in the installation of air, water, and soil monitoring systems worldwide is driving the expansion of environmental monitors. Environmental monitors are becoming more popular as smart city and green building technologies are increasingly used in developing nations.

Additionally, rising industrialization and urbanization have increased different types of pollutants, raising the use of environmental monitors in the industrial sector. Additionally, the need for environmental monitors has grown in the IT industry due to the increase in interior environments brought on by inadequate indoor ventilation and the accumulation of toxins that degrade air quality.

Based on application, the global environmental monitoring market is bifurcated into air pollution monitoring, water pollution monitoring, soil pollution monitoring, and noise pollution monitoring.

The air pollution monitoring segment is the most significant contributor to the market and is estimated to exhibit a CAGR of 5.90% over the forecast period. Due to the global rise in air pollution levels, air pollution monitoring has the largest market share. Additionally, the need for air quality monitors has increased due to maintaining air quality because filthy air includes hazardous particles that can cause health issues. Enhance the use of environmental monitoring systems, which in turn fuels market expansion. An air quality monitor is a tool used to identify and track the number of contaminants in the air. These tools find contaminants such as volatile organic compounds (VOCs), nitrous oxide, sulfur dioxide, carbon monoxide, and particle matter.

Since poor air quality can cause health issues, maintaining air quality has become increasingly important. Air quality monitors are in high demand. The growth of illnesses like asthma, chronic obstructive pulmonary disease (COPD), lung cancer, and cardiovascular issues has also been sparked by rising pollution levels and increasing demand for air pollution monitoring equipment. They result in a good potential for the industry to expand environmental monitoring.

Recent Developments

• October 2021- ABB introduced the world's first touch-free environmental smart sensor to help decrease indoor pollution. The ABB Fusion Air Intelligent Sensor has four detecting choices to enable ideal conditions for better indoor air quality, safety, and comfort. According to recent data, household air pollution is 3.5 worse on average inside a structure than outdoors; the World Health Organization has named the problem the world's single most serious environmental health threat. Improved Indoor Air Quality (IAQ) with reduced susceptibility to volatile organic compounds requires adequate and suitable ventilation (VOCs).
• January 2021- Pittsburgh International Airport announced cooperation with Honeywell to evaluate air quality enhancement technologies at the airport's recently built innovation center, Uxbridge. Honeywell's Healthy Buildings platform and air quality monitoring technologies will be used at Pittsburgh International Airport. Temperature, humidity, carbon dioxide, particulates, and volatile organic compounds are all measured by the Honeywell Healthy Buildings platform at Uxbridge (VOC).