Global Environmental Sensing and Monitoring Technology Analysis Report 2023: Market to Reach $19.3 Billion by 2030 from $14 Billion in 2022 - Environment Sensing and Monitoring to Emerge as Mainstream


Dublin, April 24, 2023 (GLOBE NEWSWIRE) -- The "Environmental Sensing and Monitoring Technologies: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Environmental Sensing and Monitoring Technologies Market to Reach $19.3 Billion by 2030

The global market for Environmental Sensing and Monitoring Technologies estimated at US$14.1 Billion in the year 2022, is projected to reach a revised size of US$19.3 Billion by 2030, growing at a CAGR of 4% over the analysis period 2022-2030.

Environmental Monitoring Sensors, one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach US$8.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Outdoor Environmental Monitors segment is readjusted to a revised 3.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3.8 Billion, While China is Forecast to Grow at 6.9% CAGR

The Environmental Sensing and Monitoring Technologies market in the U.S. is estimated at US$3.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4 Billion by the year 2030 trailing a CAGR of 6.9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.1% and 3.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.6 Billion by the year 2030.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages296
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$14.1 Billion
Forecasted Market Value (USD) by 2030$19.3 Billion
Compound Annual Growth Rate4.0%
Regions CoveredGlobal

MARKET OVERVIEW

  • Recent Market Activity
  • Market Outlook
  • Growth Stimulants in a Nutshell
  • Major Concerns
  • Growing Significance in Developing Nations
  • Key Growth Drivers
  • Legislations Drive Demand
  • Concerns over GHG Emissions Fuel Need for Proactive Interventions
  • Greenhouse Gases Largely Caused by Human Activity
  • Rising Incidence of Environmental Disasters Increase Uptake
  • Competitive Scenario
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession

MARKET TRENDS & DRIVERS

  • Environment Sensing and Monitoring to Emerge as Mainstream Market
  • Increasing Use of Environmental Sensing for Monitoring Climate Change
  • IEM Critical for Addressing Climate Change
  • Environmental Monitoring and Biodiversity
  • Innovative and Greener Products: Need of the Hour
  • Miniaturization Penetrates into Environmental Sensors Market
  • Remote Environmental Monitoring - Catching the Trend
  • Remote Sensing of Environment - Low Cost Model of Monitoring
  • Integrated Environmental-Economic Information Vital for Policy Makers
  • Analytics in Environment Sensing
  • Biosensors find Increasing Use
  • Improved Government Spending Drives Environmental Monitoring Market
  • Chemical Sensors - High Growth Prospects on Offer
  • Poor Water Quality Increases Demand for Dissolved Gases Sensors
  • Rise in Use of Gas Sensors for Environmental Monitoring
  • Innovative Sensor Technology Drives Advancements in Gas Detection Devices
  • MEMS Sensors Role in Automotive Applications
  • Pervasive Sensing Trend
  • Nano-Sensor Technology Demonstrate Bright Future Prospects
  • Extensive Use of Global Positioning Systems
  • Increasing Role of Remote Sensing Devices for On-Road Screening
  • Technological Advancements Driving Demand for Water Quality Monitoring Equipment
  • Opportunities in Store in the Marine Sector
  • Challenging Business Environment
  • Complexity and Uncertainty - Major Challenges for Environmental Monitoring
  • Longevity and Continuity - Important Parameters for Effective Monitoring Program
  • Budget Constraints - Haunting the Monitoring Programs

FOCUS ON SELECT PLAYERS (Total 87 Featured)

  • Agilent Technologies (USA)
  • AirTest Technologies, Inc. (Canada)
  • Applied Technologies, Inc. (USA)
  • City Technology, Ltd. (UK)
  • Coastal Environmental Systems, Inc. (USA)
  • Danaher Corporation (USA)
  • ChemTreat (USA)
  • Hach Company (USA)
  • Trojan Technologies (Canada)
  • E.S.I. Environmental Sensors, Inc. (Canada)
  • Lockheed Martin Corporation (USA)
  • Northrop Grumman Corp. (USA)
  • Ocean Optics, Inc. (USA)
  • Raytheon Company (USA)
  • Sensors, Inc. (USA)
  • TE Connectivity Ltd. (Switzerland)
  • Vaisala Oyj (Finland)

For more information about this report visit https://www.researchandmarkets.com/r/8tidvq

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Attachment

 
Global Market for Environmental Sensing and Monitoring Technologies

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