The Environmental Monitoring Market is estimated to grow at a CAGR of 6.8% to reach USD 25.5 billion by 2024 from USD 18.4 billion in 2019.
An analysis of market developments between 2015 and 2019 has revealed that several growth strategies, such as product launches, product approvals, acquisitions, expansions, and agreements, were adopted by market players to strengthen their product portfolios and maintain a competitive position in the Environmental Monitoring Market. Product launches, acquisitions, expansions, and collaborations were the most widely adopted growth strategies by market players in the last four years
Rising pollution levels, favourable regulatory scenario, ongoing installation of environmental monitoring stations, development of environment-friendly industries, increasing awareness on pollution monitoring, expansion of pollution monitoring infrastructure across emerging markets, are the major factors driving the growth of the global Environmental Monitoring Market.
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Environmental Monitoring Market segmentation:
• based on product
• based on component
• based on applications,
• based on sampling method
• based on regions.
The Major Players Opearting in the Environmental Monitoring Market:
Agilent Technologies (US), Danaher Corporation (US), ThermoFisher Scientific (US), Shimadzu Corp. (Japan), PerkinElmer Corporation (US). The other players are General Electric (US), Honeywell International Inc (US), Horiba (Japan), Merck KGaA (Germany), Siemens (Germany), Teledyne Technologies Incorporated (US), Emerson Electric (US), Spectris (UK), TE Connectivity (US), and 3M Company (US) among others are the major players operating in the Environmental Monitoring Market.
Recent Developments
• In July 2018, Agilent Technologies (US) collaborated with the Nanyang Technological University, Singapore's (NTU Singapore's) Nanyang Environment and Water Research Institute (NEWRI) to develop an approach to testing and monitoring the US’s water supply.
• In December 2017, Thermo Fisher (US) acquired certain assets of EPTEK Technology (US) and several related offices in Taiwan and mainland China. The assets acquired include volatile organic compound (VOC) continuous emission monitoring systems (CEMS) used to measure and analyze air quality across a range of industrial applications.
• In December 2016, Siemens Analytical Products and Solutions (the business segment of Siemens (Germany)) partnered with a channel partner, Process Technology (US) which is involved in the manufacturing and distribution of process instrumentation and automation control products (including gas analyzers).
• In May 2015, Danaher Corporation (US) and Pall Corporation (US) signed a definitive agreement to acquire Pall Corporation (US) for a value of USD 13.8 billion. Pall Corporation is a global supplier and manufacturer of products that enable separation, filtration, and purification of contaminated samples (air, water, and gas).
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