Environment Monitoring Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.30 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Environment Monitoring Devices Market Analysis
The environment monitoring devices market is anticipated to register a CAGR of 6.3% over the forecast period. Environmental monitoring is used for multiple applications, such as detecting and tracking changes in temperature, humidity, particulate matter, biological and chemical air pollutants, water quality, and noise level. These systems use multiple types of sensors to check the attributes mentioned above and inform and alert users if pollution levels increase. The process also involves collecting and measuring pollutants to assess an environment's status. Further, this helps users accurately understand the natural environment and facilitate the development of policies and measures to protect it from any adverse outcomes of human activity.
- Emerging wireless cellular and non-cellular communication technologies have enabled users to deploy environment monitoring systems in confined places, remote locations, and difficult-to-access terrain. This has allowed governments to effectively trace and track water contamination and pollution levels at the source of occurrence.
- Also, rapidly rising pollution levels due to increased industrialization and urbanization have compelled businesses and governments to deploy new environmental monitoring stations. It has also enabled companies to effectively check and establish environmental baseline standards and trends to support the development of policies and regulations.
- The emergence of big data analytics has enabled companies to effectively analyze large volumes of data obtained from multiple environment monitoring networks. Technological advancements in sensor technology and a decline in sensor prices have also emerged as significant factors driving the adoption of environmental monitoring systems worldwide. Furthermore, developing IoT-specific cellular network connectivity solutions such as LTE-M and NB-IoT and non-cellular communication technologies such as sigfox and LoRaWAN is also a significant factor driving the market.
- Recently, ATMO, a company building air quality and environmental monitoring products, announced the launch of Atmocube, an indoor air quality monitoring system for businesses, commercial buildings, and public spaces.
- In October 2022, NatureMetrics, the global nature intelligence technology company, launched 'PollutionTracker,' a monthly subscription service for water pollution, combining unique DNA sampling with state-of-the-art data science to deliver mapping of bacterial pollution across whole river catchments.
Environment Monitoring Devices Market Trends
This section covers the major market trends shaping the Environment Monitoring Devices Market according to our research experts:
Air Pollution Monitoring is Expected to Hold Significant Market Share
- Air pollution is the emission of toxic and harmful chemicals and other compounds into the atmosphere. Due to alarming levels of air pollution, the implementation of stringent regulations, and rising awareness about the harmful health effects of pollutants, monitoring air quality has become an integral part of several countries worldwide. As such, the market for air pollution monitoring devices has steadily increased in the past few years and is anticipated to continue this trend.
- Project initiatives by companies to maximize awareness regarding air pollution and build monitoring devices have been crucial factors in the rise of the studied market. For example, Recently, Vortex initiated a podcast for air pollution awareness and collaborated on a major air quality monitoring project, the first of its kind in Wales, to deliver solutions for air pollution based on artificial intelligence and IoT services.
- The key market players have been investing in the R&D sections to develop new and improved air pollution monitoring devices and introduce them into the market. For instance, Recently, Vaisala launched an advanced air quality sensor complementing its monitoring solution to enhance the quality of life, safety, efficiency, and sustainability in communities. By identifying pollutant gases and particles in real-time, the new AQT530 sensor advances Vaisala's offering to improve decision-making and empower stakeholders in urban communities worldwide.
- Moreover, Recently during the second wave of the pandemic, Ambee, an environmental intelligence company that supplies hyperlocal data on environmental factors in real-time, has launched an all-new version of their air quality monitoring app for accessing real-time air quality data at a street-by-street level.
- Further, government initiatives have also helped boost the market for air pollution monitoring devices. For example, in August 2022, the UP Pollution Control Board (UPPCB) in India installed six portable devices to monitor the air quality of areas facing demolition. These activities surge the demand for such devices, thereby increasing sales.
North America is Expected to Hold Significant Market Share
- The countries and their respective states in the region have developed several regulations and requirements to protect the natural environment and the health of its citizens. Products manufactured, sold, distributed, and imported are subject to an expanding list of complex local, regional, and federal (mandatory and self-regulated) environmental requirements in the United States and Canada. These environmental and safety measures create new compliance challenges for global and local businesses, further driving the region's monitoring devices.
- In North America, the Environmental Protection Agency (EPA) and the US Occupational Safety and Health Administration (OSHA) strictly implement industrial safety, which has been driving the adoption of environmental monitoring devices. Almost all businesses in the United States are subject to OSHA standards, so they are a relevant concern for employers and employees in many industries.
- In September 2022, Honeywell launched a first-of-its-kind solution that combines early warning smoke and air detection with advanced indoor air quality monitoring, furthering its efforts to create safer and healthier buildings.
- In August 2022, Aeroqual announced the launch of Aeroqual Ranger, a connected handheld air quality monitoring solution. The ranger represents the latest advanced evolution to the existing range of handheld monitoring devices, featuring Wi-Fi capability and the Aeroqual Cloud software.
- Further, Yokogawa Electric Corporation launched the OpreX Environmental Monitoring System during the pandemic. The new product is a data collection and recording system that records and manages environmental data, including temperature, humidity, and room differential pressure in medical devices and pharmaceutical manufacturing, testing, and storage areas.
Environment Monitoring Devices Industry Overview
The Environment Monitoring Devices Market is competitive because of the presence of many players running their businesses within national and international boundaries. The market concentration is low, with major players like Agilient Technologies, Inc., Danaher, Thermo Fisher Scientific, Shimadzu Corporation, and Perkinelmer, Inc.
- August 2022: WITHTECH, a company that provides user-friendly product development and monitoring operation management services through high-precision analysis and contamination control technologies in the environmental industries, launched Ozone Monitoring System, WOA-683, which provides ultra-high-sensitivity real-time monitoring for ozone (O3) in cleanroom air.
- January 2022: Marston Holdings, the provider of integrated, technology-enabled transport solutions, announced its acquisition of Vortex IoT Limited, a supplier of environmental sensors, networks, and data solutions that support improved air quality and decarbonization initiatives. With the acquisition of Vortex, Marston will strengthen its offering by delivering complimentary air quality and acoustic monitoring solutions that maximize awareness, identify pollution hotspots and improve public health.
Environment Monitoring Devices Market Leaders
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Agilient Technologies, Inc.
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Danaher Corporation
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Thermo Fisher Scientific Inc.
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Shimadzu Corporation
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Perkinelmer, Inc.
*Disclaimer: Major Players sorted in no particular order
Environment Monitoring Devices Market News
- October 2022: Endress+Hauser launched new analyzers, CA78 and CA79, to monitor low-TOC values. The CA78 and CA79 online TOC analyzers provide continuous and precise monitoring to ensure stable operations, regulatory compliance, and high-quality products.
- July 2022: NLMK Group implemented a new real-time system for air quality monitoring at NLMK Lipetsk and Stoilensky. The new equipment collects data for more granular and reliable tracking of the sites' environmental impact. The new system is deployed as small sensor stations across the sanitary protection boundaries of the facilities. The specialized sensors measure the concentrations of controlled substances and feed the readings into a centralized system every five minutes.
Environment Monitoring Devices Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Industry Value Chain Analysis
4.4 An Assessment of the impact of COVID-19 on the Industry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Development of Environment-friendly Industries
5.1.2 Increased Health Concerns Due to Rising Pollution Levels
5.1.3 Stringent Government Regulations have Spurred Adoption
5.2 Market Challenges
5.2.1 High Costs Associated with Environmental Monitoring Products
6. MARKET SEGMENTATION
6.1 Product Type
6.1.1 Sensors
6.1.2 Monitors
6.1.2.1 Indoor
6.1.2.2 Outdoor
6.1.2.3 Portable
6.2 Application
6.2.1 Air Pollution Monitoring
6.2.2 Water Pollution Monitoring
6.2.3 Soil Pollution Monitoring
6.2.4 Noise Pollution Monitoring
6.3 Geography
6.3.1 North America
6.3.2 Europe
6.3.3 Asia-Pacific
6.3.4 Rest of the World
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Agilient Technologies, Inc.
7.1.2 Danaher Corporation
7.1.3 Thermo Fisher Scientific Inc.
7.1.4 Shimadzu Corporation
7.1.5 Perkinelmer, Inc.
7.1.6 3M
7.1.7 Emerson Electric Co.
7.1.8 Honeywell International, Inc.
7.1.9 Siemens AG
7.1.10 Spectris PLC
7.1.11 Horiba Group
7.1.12 Raytheon Technologies Corporation
7.1.13 Sensirion Holding AG
- *List Not Exhaustive
8. FUTURE OUTLOOK OF THE MARKET
Environment Monitoring Devices Industry Segmentation
Environmental monitoring is a process of monitoring the environment, which involves assessing the environment's quality to reduce the danger of pollution. The main objective of environmental monitoring is to manage and minimize the impact an organization's activities have on an environment, either to ensure compliance with laws and regulations or to mitigate risks of harmful effects on the natural environment and protect the health of human beings.
The studied market is segmented by type of material (silicon carbide, gallium manganese arsenide, copper indium gallium selenide, molybdenum disulfide, and bismuth telluride), application (fabrication (process chemicals, photomasks, electronic gases, photoresists ancillaries, sputtering targets, silicon, and other fabrication materials)), packaging (substrates, lead frames, ceramic packages, bonding wire, encapsulation resins, die attach materials, and other packaging types), end-user industry (consumer electronics, telecommunication, manufacturing, automotive, energy and utility, and other end-user industries) and geography (Taiwan, South Korea, China, Japan, and Rest of Asia-Pacific). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments. Further, to arrive at the overall market projections, the study analyzes the impact of COVID-19 and the investment scenario and other macroeconomic factors.
| Product Type | |||||
| Sensors | |||||
|
| Application | |
| Air Pollution Monitoring | |
| Water Pollution Monitoring | |
| Soil Pollution Monitoring | |
| Noise Pollution Monitoring |
| Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Rest of the World |
Environment Monitoring Devices Market Research FAQs
What is the current Environment Monitoring Devices Market size?
The Environment Monitoring Devices Market is projected to register a CAGR of 6.30% during the forecast period (2024-2029)
Who are the key players in Environment Monitoring Devices Market?
Agilient Technologies, Inc., Danaher Corporation, Thermo Fisher Scientific Inc., Shimadzu Corporation and Perkinelmer, Inc. are the major companies operating in the Environment Monitoring Devices Market.
Which is the fastest growing region in Environment Monitoring Devices Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Environment Monitoring Devices Market?
In 2024, the North America accounts for the largest market share in Environment Monitoring Devices Market.
What years does this Environment Monitoring Devices Market cover?
The report covers the Environment Monitoring Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Environment Monitoring Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Environment Monitoring Devices Industry Report
Statistics for the 2024 Environment Monitoring Devices market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Environment Monitoring Devices analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
