December 17, 2020
According to the research report titled ‘Global Environmental Sensing and Monitoring Technologies Market Size study, by Product Type (Analog, Digital), by Sensor Type, (Fluid Sensor, Pressure & Vibration Sensor, Temperature Sensor, Chemical Sensor, Others), by Sampling Method (Continuous Monitoring, Active Monitoring, Passive Monitoring, Intermediate Monitoring), by Application (Air Pollution Monitoring, Water Pollution Monitoring, Noise Pollution Monitoring, Soil Pollution Monitoring), by End-User (Government, Defense, Meteorology, Others) and Regional Forecasts 2020-2027‘, available with Market Study Report LLC, global environmental sensing and monitoring technologies market accounted for USD 18 billion in 2019 and is expected to grow with a CAGR of 6.3% during 2020-2027.
Increasing government efforts for environmental management, advancements in sensing technologies along with emergence of new monitoring technologies for preserving the environment are the major factors expected to drive the global environmental sensing and monitoring technologies market over the forthcoming years. Also, utilization of the technologies embedded in environmental sensors and monitoring for formulating the environmental impact assessments (EIA) is fueling the market growth.
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On the downside, rising prevalence of COVID-19 pandemic has caused shutdown of manufacturing operations and shortage in demand for environmental sensing and monitoring technologies, thereby, hampering the market growth in recent times. Additionally, lack of awareness regarding the technologies and their high cost are likely to restrain growth of global environmental sensing and monitoring technologies market over 2020-2027.
Based on end-user spectrum, global environmental sensing and monitoring technologies industry is segmented into defense, meteorology, government, and others. With regards to application scope, the industry is bifurcated into soil pollution monitoring, noise pollution monitoring, water pollution monitoring, and air pollution monitoring. Speaking of sampling method, the industry is divided into intermediate monitoring, continuous monitoring, passive monitoring, and active monitoring.
As per sensor type, global environmental sensing and monitoring technologies market is segmented into chemical sensor, fluid sensor, temperature sensor, pressure & vibration sensor, and others. With regards to product type, the industry is bifurcated into digital, and analog.
From a regional frame of reference, North America market is projected to record significant growth during the study period, mainly due to presence of several government norms for protecting environment, and existence of significant number of new technology manufacturers in the region.
Meanwhile, Asia Pacific environmental sensing and monitoring technologies market is anticipated to experience a strong growth rate over 2020-2027, owing to rise in water scarcity issues and increasing health problems due to air pollution.
Major players operating in global environmental sensing and monitoring technologies industry sphere include Coastal Environmental Systems Inc., Lockheed Martin Corporation, ChemTreat Inc., AirTest Technologies Inc. (ATI), TE Connectivity Ltd., E.S.I. Environmental Sensors Inc. (now ESV Resources Ltd.), Danaher Corporation, City Technology Ltd., Hach Company, Agilent Technologies Inc., and Trojan Technologies.