The Environmental Monitoring Market is expected to reach $25.95 billion by 2028, at a CAGR of 7% during the forecast period of 2021 to 2028. The increasing government funding towards environmental sustainability, development of policies and initiatives to reduce environmental pollution levels, rising installations of environmental monitoring stations, and increased adoption of environmental monitoring strategies by the public and private companies are propelling the market growth. In addition, the use of internet of things (IoT) technology and nanotechnology provide lucrative opportunities for the growth of the market.
Impact of COVID-19 on the Environmental Monitoring Market
The emergence of the COVID-19 pandemic has severely impacted various industries across the world and limited human activities, which in turn impacted energy use and carbon dioxide (CO2) emissions. The International Energy Agency (IEA) used monthly projections of fossil fuel energy demand to estimate a −5% decline in global CO2 emissions in January–April 2020 compared to the same period in 2019. Further, the monthly NO2 data from the Ozone Monitoring Instrument (OMI) provided by Tropospheric Emission Monitoring Internet Service was analyzed and showed a consistent decrease in tropospheric nitrogen dioxide (NO2) concentration with reduction of fossil carbon fuels emissions. Also, water pollution was in control. For instance, the study of water quality monitoring of the Ganga River in India released on April 19, 2020, was carried out by Central Pollution Control Board (CPCB's). The study revealed that there was an improvement in the Ganga River quality with drinking water standards. Hence, monitoring of environmental factors was carried up to a certain limit in limited areas to study the effect of the pandemic on the environment.
The decrease in the level of pollutants was also due to the halt in industrial activities. The manufacturing sites were closed and could not be carried out remotely. The overall pace of manufacturing was badly hit due to the lockdowns imposed by governments across the globe. This also disrupted the overall supply chain and production of environmental monitoring products. As the pollution was in control and no new projects were coming up, the demand for environmental monitoring products declined.
Thus, the COVID-19 pandemic has negatively impacted the environmental monitoring market because there was a decrease in demand for environmental monitoring products for monitoring the pollutants as major attention was diverted to the pandemic.
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Use of Internet Of Things (IoT) Technology and Nanotechnology for Environmental Monitoring Products Offer Opportunities for Growth of the Environmental Monitoring Market
The applications of IoT for environmental monitoring are environmental protection, extreme weather monitoring, water safety, endangered species protection, commercial farming. In these applications, sensors detect and measure every type of environmental change. Further, nanotechnology deals with matter at dimensions within 1–100 nm. Nanomaterials can act as adsorbents, catalysts, and sensors due to their large specific surface areas and high reactivities. Nanotechnology plays a significant role in sensing pollutants by improving sensors specificity. Nanosensors are being used for the detection of several toxic compounds at ppm and ppb levels in different environmental systems. Nanotechnology-enabled sensors and solutions have the ability to detect and identify chemical or biological agents in the air and soil with higher sensitivity.
In addition to nanosensors, the internet of things (IoT) in environmental monitoring is also the latest technology to be looked forward to adoption. IoT involves online monitoring of water quality, air pollutant concentrations indoors and outdoors, precipitations, and any other environmental parameter affecting people’s safety and environment. IoT sensors can give accurate real-time data on various environmental parameters and take actions to improve the overall environmental conditions. IoT environmental monitoring provides a simple but powerful capability to interconnect different kinds of devices and applications all over the world.
Use of IoT for getting real-time data and collection of huge data in a systematic manner to analyze it further makes environmental monitoring more feasible, thus leading to the growth of the environmental monitoring market.
Slow Adoption and Implementation of Pollution Control Policies Hinder the Market Growth
A global rise in environmental laws has not led to an improved environmental condition as expected. United Nations (UN), in its first-ever global assessment of environmental laws, put forth the fact that the world poorly acts on implementation of environmental laws and regulations despite the fact that 38 times more green laws have been framed and approved in the last four decades. Poor coordination across government agencies, weak institutional capacity, lack of access to information, corruption, and restrained civic engagement are the key factors behind the poor effectiveness and implementation of environmental regulations. One of the greatest challenges to implementing the environmental rule of law is a lack of political will, according to a UN report, 'Environmental Rule of Law, First Global Report.' Many developed nations have adopted aggressive and comprehensive environmental laws like the European Union and the U.S. but have stumbled a little in their implementation.
The European Union Network for the Implementation and Enforcement of Environmental Law (IMPEL) study carried out in 2018 shows a lack of resources and qualified staff as the main barriers to effective implementation of environmental regulations. Also, the environmental laws in India are strong, but it lacks obedience from the people. Environmental laws in India face several implementation crises. One of the main reasons for this is that there is no independent regulatory body for environmental governance. Further, in China on the national level, 52 environmental laws, 266 environmental regulations and rules, and 983 environmental standards have been issued since 1979. However, environmental qualities are still far away from the goals of environmental policies. The implementation of environmental policies in local agencies remained at a low level and did not match the demands corresponding to the rapid development of the economy in the nation.
Thus, in developing countries, due to political, social, and institutional barriers, there is either slow adoption or lack of proper adoption and implementation of the environmental policies. This poses a significant restraint for the environmental monitoring market.
Key Findings of the Global Environmental Monitoring Market Study:
The environmental monitoring sensors for particulate detection are expected to account for the largest share of the environmental monitoring sensors market
This is attributed to rising levels of air pollution due to increasing industrialization and urbanization and increasing government restrictions to prevent air pollutants from exceeding the prescribed limits. Further, the growing initiatives from different governments across the globe and regulatory bodies to control air pollution are supporting the largest share of this segment.
The continuous monitoring segment is expected to grow at the highest CAGR during the forecast period
This is attributed to its ability to analyze the pollutants at a faster rate, along with its ability to detect the increasing or decreasing concentration of pollutants with time and enabling faster corrective actions. Increased public access to information related to various environmental attributes and availability of improved control mechanisms for environment protection is also driving the demand for continuous monitoring systems.
Asia Pacific: Fastest Growing Market
At the regional level, North America is expected to account for the largest share of the environmental monitoring market in 2021. However, Asia-Pacific is expected to grow at the highest CAGR during the forecast period. The increasing implementations of environmental monitoring and protection policies by governments in the region and increasing compliance from industrial facilities towards environmental monitoring regulations laid down in respective countries are supporting the growth of the region.
Key Players
The report includes a competitive landscape based on an extensive assessment of the product offerings, geographic presences, and key strategic developments adopted by leading market players in the industry over the past four years. The key players profiled in the global environmental monitoring market are Danaher Corporation (U.S.), Thermo Fisher Scientific Inc. (U.S.), Merck KGaA (Germany), Agilent Technologies, Inc. (U.S.), TE Connectivity Ltd. (Switzerland), Siemens AG (Germany), Emerson Electric Co. (U.S.), Honeywell International Inc. (U.S.), Teledyne Technologies Incorporated (U.S.), Horiba, Ltd (Japan), Shimadzu Corporation (Japan), Testo SE & Co. KGaA (Germany), ACOEM Group (France) among others.
Scope of the Report:
Environmental Monitoring Market, by Product
- Environmental Monitoring Sensors, by Type
- Analog Environmental Monitoring Sensors
- Digital Environmental Monitoring Sensors
- Environmental Monitoring Sensors, by Component
- Particulate Detection
- Chemical Detection
- Pressure Detection
- Humidity/Moisture Detection
- Temperature Sensing
- Noise Measurement
- Other Components
- Environmental Monitors
- Fixed Environmental Monitors
- Portable Environmental Monitors
- Environmental Software
- Other Products
(Other products comprise data loggers, spectrophotometers, detectors, analyzers, samplers, meters, and probes.)
Environmental monitoring market, by Sampling
- Continuous Monitoring
- Intermittent Monitoring
- Passive Monitoring
- Active Monitoring
Environmental monitoring market, by Application
- Air Pollution Monitoring
- Water Pollution Monitoring
- Soil Pollution Monitoring
- Noise Pollution Monitoring
Environmental monitoring market, by Geography
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe (RoE)
- Asia-Pacific (APAC)
- China
- Japan
- India
- Rest of APAC (RoAPAC)
- Latin America
- Middle East & Africa
Key questions answered in the report: