The global environmental monitoring market is estimated to reach USD 19.56 Billion by 2021, growing at a CAGR of 7.7% during the forecast period.
Increasing government initiatives to control environmental pollution levels, 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 key factors driving the growth of the global market.
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Furthermore, emerging markets such as Japan, China, and India offer new growth opportunities for market players. However, factors such as high product costs associated with environment monitoring solutions, slow implementation of pollution control reforms, and high export barriers on environmental technologies across emerging countries are restraining the market growth.
Target Audience
- Environmental monitoring product manufacturing companies
- Environmental monitoring software developers
- Research laboratories and academic institutes
- Environmental monitoring committees
- National and regional pollution control boards and organizations
- Oil producing and distribution companies
- Mining companies
- Gas operators, distributors, and regulators
- Public and private industries
On the basis of region, this market is classified into North America, Europe, Asia-Pacific, and the Rest of the World. In 2016, the global environmental monitoring market is expected to be dominated by North America. Increasing government funding for the maintenance and operation of environmental monitoring stations and the stringent regulations of the U.S. ssEnvironmental Protection Agency (U.S. EPA) are driving the growth of the market in the North American region.
The Asia-Pacific market is expected to grow at the highest CAGR during the forecast period. This is primarily due to rapid industrialization, implementation of increasingly stringent environmental regulation policies, and the growing need to comply with various environmental safety regulations.
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