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 Attribute | Details |
| No. of Pages | 296 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $14.1 Billion |
| Forecasted Market Value (USD) by 2030 | $19.3 Billion |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
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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