Environmental monitoring, a process for systematic sampling of air, water, soil, and biota is done to characterize and monitor the quality of the environment forestablishment of environmental baselines, testing of environmental modeling processes, and preparation of environmental impact assessment. Today, environmental pollutions of all kinds is on the rise mainly due to growing industrialization and urbanization across the globe. Deteriorating environmental situation is driving governments across the globe to take critical measures to monitor and control environmental pollutions to the best possible extent. This is also driving greater public and private funding for environmental research and also for installations of environmental monitoring stations.

Government regulations and policies play a key role in determining and improving the state of country’s environment. As no single policy can provide solutions to all problems, policies like Paris Climate agreement and Agenda 2030have broadened gradually to address the increasingly complex environmental issues to meet the emission reduction targets in coming years.

Today, governments and regional associations across the globe are taking actions to accelerate their investments towards environmental sustainability.The Asian Development Bank (ADB) assists its members and partners by providing loans, grants, and investments to promote social and economic development. ADB is investing $80 billion in climate finance between 2019 and 2030 to address climate change mitigation and adaptation by 2030.

Other latest initiatives in this regard are –

The above mentioned factors strongly indicate the increase in government policies and initiatives to minimize environmental pollution levels and the relative rise in public-private investments towards environmental sustainability through environmental monitoring. Therefore, rising focus on environmental monitoring are rapidly driving the growth in the environmental monitoring market, which is expected to grow at CAGR of 7.5% to reach $21.08 billion by 2025, according to the Meticulous Research®.

Browse in-depth report at:https://www.meticulousresearch.com/product/environmental-monitoring-market-5024/

Tags: Digital Transformation / Digitalization
Share on Facebook Twitter Linkedin


Related Reports