Industrial Environment Monitoring System Market size shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
An Industrial environment monitoring system is utilized to break down air, water, and soil tests and screen the nature of the earth. This system controls and screens the natural state during and after a modern activity. In other words, the industrial environment monitoring system is designed to prevent any form of pollution in the environment.
An industrial environmental monitoring system studies the quality of an industry environment. The RMS software permits realtime studying of any parameter required. The purpose of an industrial environmental monitoring system is to create alert and action limits, and continuously analyze the quality of the cleaning and disinfecting programs.
The industrial environment monitoring system is mostly and widely used in the industry. In an industrial environment, people and materials are exposed to more severe conditions. Since industrial environments are usually harsher compared to normal work environments, such as an office, an industrial environment monitoring system is used to prevent any form of unsafe circumstance.
Industrial Environment Monitoring System Market Growth and Trends
Driving factors for the industry :
• Growing population is driving the need to ensure environmental balance in the region and increasing awareness about environmental pollution control is considered to be one of the major factors affecting the growth of the industrial environmental monitoring system market.
• Rapid growth in pollution monitoring infrastructure and supportive government rules and regulations to reduce environmental pollution, industrial contaminants along with increased government funding to prevent and control environmental pollution are expected to boost the growth of the industrial environmental monitoring system market.
• Moreover, an ever growing oil & gas industry coupled with development of high-end environmental monitoring systems and related software platforms based on nanotechnology are expected to create ample growth opportunities in the market in the upcoming years.
• The wearable environmental monitors segment is expected to grow at a significant compound annual growth rate (CAGR) of the industrial environment monitoring system market during the forecast period, owing to the rise in demand for advanced portable and wearable ambient environmental monitoring sensors by researchers and industrial workers.
• High efficiency, lower maintenance cost, flexibility, and portability offered by the system are pushing the growth of the industrial environmental monitoring system market even further.
• End users are also focusing on upgrading existing environmental monitoring infrastructure by integrating new sensors and enhanced connectivity solutions. The market is anticipated to grow considerably over the forecast period due to an increase in government initiatives for the promotion of a green and sustainable environment.
• Leading companies are engaged in inventing advanced technologies and developing industrial environmental monitoring systems to monitor and control the harmful effects of industrial operations ensuring better demand and growth of the industrial environment monitoring system.
Challenges for the industry :
• High purchase costs, a lack of stringent regulatory norms, and maintenance costs associated with environment monitoring instruments have slowed the implementation of environmental protection programs, especially in developing countries such as Africa, India, China, and Russia hampering the growth of the industrial environment monitoring system market. Various emerging countries have also been reluctant to adopt stringent and legally binding pollution control measures, as they seek to sustain their economic growth.
• A lack of robust education systems to train skilled professionals in pollution monitoring & control and limited R&D infrastructure to develop affordable monitoring technologies in developing countries further hamper the implementation of effective industrial environment monitoring & control reforms.
Industrial Environment Monitoring System Market Regional Analysis
Industrial Environment Monitoring System Market Share and Competition
Key companies operating in this industry are: Acoem Group, Agilent Technologies Inc., Merck KGaA, Siemens AG, General Electric Company, and Horiba, Ltd. Similar industries in this domain that is growing at a high CAGR include Aircraft Video Monitors Market and Aircraft Engine Vibration Monitor Market.
Industrial Environment Monitoring System Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Product Analysis (Revenue, USD Million, 2020 - 2027)
• Environmental Monitors (Fixed Monitor and Portable Monitor)
• Environmental Sensors
• Environmental Monitoring Software
Application Analysis (Revenue, USD Million, 2020 - 2027)
• Air Pollution Monitoring
• Water Pollution Monitoring
• Soil Pollution Monitoring
• Noise Pollution Monitoring
• Others
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Industrial Environment Monitoring System Market Companies
• Top Glove Corporation Berhad
• Supermax Corporation Berhad
• Semperit AG Holding, Rubberex Corp. M Bhd
• Kossan Rubber Industries Bhd.
• Hartalega Holdings Berhad, Dynarex Corporation
• Cardinal Health, Inc.
• B. Braun Melsungen AG and Ansell Limited
• Unigloves (UK) Limited
• Smart Glove Corporation Sdn Bhd
• Cypress Medical Products LLC
• Microflex Corporation
• Mölnlycke Health Care
• YTY Industry Holdings Berhad
Available Versions: -
United States Industrial Environment Monitoring System Market Research Report
Europe Industrial Environment Monitoring System Market Research Report
Asia Pacific Industrial Environment Monitoring System Market Research Report
India Industrial Environment Monitoring System Market Research Report
