Environmental monitoring instrument is a series of devices to monitor the environment. The devices are used for groundwater monitoring and sampling, indoor air quality, industrial hygiene, wastewater sampling, confined space entry, soil screening, and more.
A number of factors such as supportive government regulations for effective environmental monitoring and control, ongoing government initiatives towards the development of environment-friendly industries, increasing public-private funding for effective environmental monitoring rising global levels of environmental monitoring, and increasing public awareness related to healthcare and the environment pollution of environmental monitoring are propelling the growth of the global environmental monitoring market. However, high product costs and technical limitations associated with environmental monitoring products are some of the major factors restraining the growth of this market. In addition to this, slow implementation of environmental monitoring control reforms is a major challenge for players in this market.
On the basis of products, the global environmental monitoring instrument market is segmented into four major categories, namely, air monitoring, water monitoring, soil monitoring and noise monitoring, the market share of the four parts are 39.78%, 32.19%, 18.72% and 9.31%
On the basis of geography, this market is classified into four regions, namely, North America, Europe, China, Asia (Excluding China), the Rest of the World. In 2016, the global environmental monitoring instrument market is estimated to be dominated by North America. A number of factors such as fast adoption of new advanced environmental monitoring instrument technologies, ongoing technological advancements in the field of sensors and controllers, rising public-private funding and investments, and presence of supporting government regulations are driving the growth of the market in the North American region. The China market is expected to grow at the highest CAGR from 2016 to 2022. This is primarily due to the large-scale industrialization, implementation of stringent environmental monitoring regulations across major Asian countries, growing government emphasis on industry compliance with safety environment regulations, and continuous government support for the development & commercialization of advanced environmental monitoring products.
According to this study, over the next five years the Environmental Monitoring Instrument market will register a 6.4% CAGR in terms of revenue, the global market size will reach US$ 5100 million by 2024, from US$ 3510 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Environmental Monitoring Instrument business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Environmental Monitoring Instrument market by product type, application, key manufacturers and key regions and countries.
This study considers the Environmental Monitoring Instrument value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Environmental Monitoring Instrument consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Environmental Monitoring Instrument market by identifying its various subsegments.
Focuses on the key global Environmental Monitoring Instrument manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Environmental Monitoring Instrument with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Environmental Monitoring Instrument submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.