The environmental monitoring market has witnessed significant advancements in terms of the development and commercialization of advanced environmental monitoring products, geospatial technology-based monitoring devices, increasing government funding for pollution control and monitoring, ongoing installations of environment monitoring stations, and growing initiatives for the development of environment-friendly industries are some of the major driving factors for the global environmental monitoring market.
As of 2016, North America is expected to hold the largest share in the global environmental monitoring market. However, Asia-Pacific (especially emerging nations such as China and India) is poised to be the fastest growing region during the forecast period owing to rapid industrialization, increasing implementation of stringent environmental regulation policies, and the growing need to comply with various environmental safety regulations.
Based on products, the global environmental monitoring market is categorized into monitors, sensors, and software. The portable environment monitor segment is expected to offer high-growth opportunities for market players in the environmental monitoring market owing to increasing adoption of smart home technologies and modern building designs as well as continuous development of innovative environmental monitoring technologies for pollution monitoring and control.
Based on sampling methods, the global environmental monitoring market is categorized into intermittent monitoring, continuous monitoring, passive monitoring and active monitoring. The continuous monitoring segment is expected to command the largest share of the global environmental monitoring market in 2016. This large market share can be attributed to growing emphasis on the development of environment-friendly industries and rising levels of environmental pollution across major markets.
Based on applications, the global environmental monitoring market is categorized into air, water, soil, and noise pollution monitoring. In 2016, the air pollution monitoring application segment is expected to hold the largest share in the global environmental monitoring market. This can be attributed to the rising level of air pollution, growing market demand for sensor-based air quality monitoring systems, increasing health concerns, and continuous development of innovative sensor technologies for air pollution monitoring.
Emerging Asian countries are expected to be the fastest growing markets for environmental monitoring products during the study period. This is owing to the strong industrial base for petrochemical refineries in Asian countries (China and India) and the increasing implementation of stringent government policies for effective environmental pollution monitoring and control.