Global Environmental Sensing and Monitoring Technologies Market is valued at approximately USD 18 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.3% over the forecast period 2020-2027.
The Environmental Sensing and Monitoring Technologies Market research report delivers a comprehensive analysis on the newest market drivers. The report also offers extracts regarding statistics, market valuation and revenue estimates, which further strengthens its status in the competitive spectrum and growth trends embraced by leading manufacturers in the business.
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Market Analysis of Environmental Sensing and Monitoring Technologies –
Environmental sensing and monitoring technologies are defined as a technology that is extensively involved in the organized process of illuminating and monitoring the quality of the environment. A wide spectrum of techniques associated with environmental sensors and monitoring is frequently used in the formulation of environmental impact assessments (EIA). Also, human perform several activities which usually have distinctive impacts on the quality of the environment. This has led to the expansion of environmental monitoring and lowering the impact of various kinds of pollution thereby, creating a huge demand for environmental sensing and monitoring technologies all over the world.
Furthermore, the rising government initiatives for environmental management around the world, along with the technical advancement in sensing technologies and the development of new monitoring technologies for preserving the environment are the few factors responsible for the CAGR of the market during the forecast period. For instance, in December 2018, the United States Environmental Protection Agency has awarded funds of about USD $187 million to the State of California for drinking water and wastewater infrastructure and drinking water improvements. Therefore, such initiative is likely to strengthen the demand for environmental sensing and monitoring technologies, globally. Moreover, the recent outbreak of COVID-19 around the world has adversely affected the sensor and monitoring technologies industry as the manufacturing operations are temporarily suspended due to the lockdown imposed by the government to prevent the spread of novel coronavirus. This has led to a shortage in demand for environmental sensing and monitoring technologies, thereby, inhibiting the market growth at least in the recent year. However, the high cost and lack of awareness about the technologies are the few factors impeding the market growth over the forecast period of 2020-2027.
The regional analysis of the global Environmental Sensing and Monitoring Technologies market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the presence of a large number of government acts for protecting the environment, along with the presence of a significant number of new technology-based manufacturers in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rise in problems of water scarcity and growing health problems due to air pollution would create lucrative growth opportunities for market growth in the Asia-Pacific region.
Major market player included in this report are:
Lockheed Martin Corporation
AirTest Technologies Inc.
City Technology Ltd.
Coastal Environmental Systems Inc.
TE Connectivity Ltd.
E.S.I. Environmental Sensors Inc.
The detailed segments and sub-segment of the market are explained below:
By Product Type:
By Sensor Type:
Pressure & Vibration Sensor
By Sampling Method:
Air Pollution Monitoring
Water Pollution Monitoring
Noise Pollution Monitoring
Soil Pollution Monitoring
Rest of the World
Table Of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Environmental Sensing and Monitoring Technologies Market, by Region, 2018-2027 (USD Billion)
1.2.2. Environmental Sensing and Monitoring Technologies Market, by Product Type, 2018-2027 (USD Billion)
1.2.3. Environmental Sensing and Monitoring Technologies Market, by Sensor Type, 2018-2027 (USD Billion)
1.2.4. Environmental Sensing and Monitoring Technologies Market, by Sampling Method, 2018-2027 (USD Billion)
1.2.5. Environmental Sensing and Monitoring Technologies Market, by Application, 2018-2027 (USD Billion)
1.2.6. Environmental Sensing and Monitoring Technologies Market, by End-User, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Environmental Sensing and Monitoring Technologies Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Environmental Sensing and Monitoring Technologies Market Dynamics
3.1. Environmental Sensing and Monitoring Technologies Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Environmental Sensing and Monitoring Technologies Market Industry Analysis
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