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This market research study identifies Aeroqual, General Electric, HORIBA, In-Situ, and Thermo Fisher Scientific as the leading players in the global environment monitoring and sensing market. A comprehensive analysis of this market is also presented by the application (noise, soil, water, and air) and by geography (the Americas, APAC, and EMEA).
As per Technavio’s market research report, the global environment monitoring and sensing market is expected to grow at a steady rate and post a CAGR of more than 5% during the forecast period. The growing rate of innovations in monitoring and sensing technology will drive the growth prospects for the global environment monitoring and sensing market until the end of 2021. One such technological advancement witnessed in the development of sensors is the miniaturization of sensors and sensor components. The miniaturization technology used in sensors and sensor components reduces the size of sensors and the cost of materials, lowers the energy usage of sensors, and increases the size of distribution networks, which, in turn, will fuel the demand for environment monitoring and sensing equipment in the coming years.
In terms of geography, the Americas accounted for the majority market share during 2016 and will continue to dominate the market during the forecasted period as well. This will mainly attribute to the growth in demand for environment monitoring and sensing due to the launch of a number of environmental monitoring programs for monitoring the pollution level in the region.
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The global environment monitoring and sensing market is highly competitive, fragmented, and diversified due to the presence of a large number of regional and international vendors on a global level. The regional or local vendors are finding it increasingly difficult to compete against the international vendors in terms of quality, features, functionalities, and services. Size, design, technology, and connectivity are some of he major factors that the global and local players compete against each other.
Key vendors in this market are -
Other prominent vendors in the market include Agilent Technologies, Atlas Scientific, Hach, Hanna Instruments, Honeywell International, Hydro International, OAKTON Instruments, OptiEnz Sensors, Optiqua, OTT Hydromet, Sea-Bird Scientific, Siemens, Stevens Water Monitoring Systems, SUTRON, and, Xylem.
The global market for air quality monitoring and sensing equipment accounted for the majority market share during 2016 and will continue to dominate the market during the forecasted period. This is mainly due to the increasing use of wireless technologies, compact monitors, and sensors that require less infrastructure and the autonomous operation of air quality sensors and the monitoring technologies.
In terms of geography, the Americas accounted for the majority market share during 2016 and will continue to dominate the market for the next four years. Factors such as the launch of environmental monitoring programs for monitoring the pollution level, the growing demand for environmental quality monitoring equipment in the US, and the growing concerns about environmental issues will propel environment monitoring and sensing market worth in this region.
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Technavio’s reports for the energy industry encompasses a wide range of product markets including power, smart grid, and energy storage. Further to providing information on various parameters including the shift in customer preferences and the market drivers and challenges, Technavio’s reports also offer an extensive analysis of the leading vendors, their products and services, and the competitive landscape.
To accurately forecast the industry’s growth prospects, our team of market research experts follow an all-inclusive approach of primary and secondary research methodologies and provide an in-depth analysis of the various factors, including technological developments and the demand for different products and services across various geographical regions. To help clients frame new market entry strategies, our upcoming industry research report on global environment monitoring and sensing market for the forecast period of 2017 to 2021 will offer thorough insights devised from the data collected from reliable sources such as manufacturers, channel partners, regulatory bodies, and decision makers.
This upcoming report on environment monitoring and sensing market also considers the growth of the related markets such as smart greenhouse and indoor air quality, which are expected to grow at a CAGR of almost 17% and about 8%, respectively by 2020. According to our market research analysts, increasing public awareness pertaining to various environmental issues are the significant factors driving the energy sector’s growth in the coming years. Technavio also provides reports that cater to the specifications of a variety of clients, which will help vendors and players targeting niche customer segments to substantiate their presence in the power industry.
The upcoming industry research report for environment monitoring and sensing market also identifies the key drivers, emerging trends, and the challenges experienced by the industry and also presents insights into oil and gas and water and waste management.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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