Global Industry Analysts Predicts the World Environmental Sensing and Monitoring Technologies Market to Reach $25.1 Billion by 2026
SAN FRANCISCO, Sept. 2, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Environmental Sensing and Monitoring Technologies – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 16; Released: April 2021
Executive Pool: 10099
Companies: 87 – Players covered include Agilent Technologies, Inc.; AirTest Technologies Inc.; Applied Technologies Inc.; ChemTreat; City Technology Ltd.; Coastal Environmental Systems Inc.; Danaher Corporation; E.S.I. Environmental Sensors Inc.; Hach Company; Lockheed Martin Corporation; Northrop Grumman Corp.; Ocean Optics Inc.; Raytheon Company; Sensors Inc.; TE Connectivity Ltd.; Trojan Technologies; Vaisala Oyj and Others.
Coverage: All major geographies and key segments
Segments: Product Segment (Environmental Monitoring Sensors, Outdoor Environmental Monitors, Environmental Monitoring Software, Indoor Environmental Monitors, Wearable Environmental Monitors); Component (Particulate Detection, Chemical Detection, Biological Detection, Temperature Sensing, Moisture Detection, Noise Measurement); Sampling Method (Continuous Monitoring, Active Monitoring, Passive Monitoring, Intermittent Monitoring); Application (Air Monitoring, Water Monitoring, Soil Monitoring, Noise Monitoring)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Environmental Sensing and Monitoring Technologies Market to Reach $25.1 Billion by 2026
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$25.1 Billion by 2026, growing at a CAGR of 5.6% over the analysis period. 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 a thorough 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 $5.2 Billion in 2021, While China is Forecast to Reach $5.2 Billion by 2026
The Environmental Sensing and Monitoring Technologies market in the U.S. is estimated at US$5.2 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.2 Billion by the year 2026 trailing a CAGR of 8.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.
Environmental Monitoring Software Segment to Reach US$4.4 Billion by the year 2026
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. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
Director, Corporate Communications
Global Industry Analysts, Inc.
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SOURCE Global Industry Analysts, Inc.
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