Dublin, Aug. 17, 2021 (GLOBE NEWSWIRE) -- The "Environmental Sensing and Monitoring Technologies - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Environmental Sensing and Monitoring Technologies Market to Reach $26.2 Billion by 2027
Amid the COVID-19 crisis, the global market for Environmental Sensing and Monitoring Technologies estimated at US$17.9 Billion in the year 2020, is projected to reach a revised size of US$26.2 Billion by 2027, growing at a CAGR of 5.6% over the analysis period 2020-2027.
Environmental Monitoring Sensors, one of the segments analyzed in the report, is projected to record a 6.1% CAGR and reach US$11.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Outdoor Environmental Monitors segment is readjusted to a revised 5.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.8 Billion, While China is Forecast to Grow at 8.6% CAGR
The Environmental Sensing and Monitoring Technologies market in the U.S. is estimated at US$4.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.5 Billion by the year 2027 trailing a CAGR of 8.7% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.
Environmental Monitoring Software Segment to Record 6.2% CAGR
In the global Environmental Monitoring Software segment, USA, Canada, Japan, China and Europe will drive the 5.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.3 Billion in the year 2020 will reach a projected size of US$3.4 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.5 Billion by the year 2027, while Latin America will expand at a 7.4% CAGR through the analysis period.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Environmental Sensing and Monitoring Technologies - A Prelude
Recent Market Activity
Growth Stimulants in a Nutshell
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
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS (Total 87 Featured):
Agilent Technologies, Inc.
AirTest Technologies Inc.
Applied Technologies Inc.
City Technology Ltd.
Coastal Environmental Systems Inc.
E.S.I. Environmental Sensors Inc.
Lockheed Martin Corporation
Northrop Grumman Corp.
Ocean Optics Inc.
TE Connectivity Ltd.
3. 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
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Rest Of Europe
Rest Of Asia-Pacific
Rest Of Latin America
United Arab Emirates
Rest Of Middle East
Total Companies Profiled: 87
For more information about this report visit https://www.researchandmarkets.com/r/9v59f
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