Market Research Report Store Environmental Monitoring Market estimated to reach
"Environmental Monitoring Market estimated to reach USD 19.56 billion by 2021, growing at a
CAGR of 7.7% during 2016 to 2021– Market Research Report Store" published in May 2017. It
is a professional and in-depth study.
Summary
Market Research Report Store announces a new report"Environmental Monitoring Market"added
to its database.The global environmental monitoring market is estimated to reach USD 19.56 billion by
2021, growing at a CAGR of 7.7% during 2016 to 2021. Although the developed regions (such as
North America and Europe) are expected to command the largest share in the environmental
monitoring market in 2016, the Asia-Pacific region is projected to be the fastest-growing region during
the forecast period.
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Growth in the global environmental monitoring market is driven by factors such 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. In addition, emerging markets such
as India, China, Japan, and South Korea are offering new growth opportunities for players operating in
this market.
Geographically, North America is estimated to command the largest share of the global environmental
monitoring market in 2016, followed by Europe. The large market share of the this region can be
attributed to the increasing government funding for the maintenance and operation of environmental
monitoring stations and the stringent regulations of the U.S. Environmental Protection Agency (U.S.
EPA).
The environmental monitoring market is competitive, with a large number of global and local providers
of environmental monitoring products. Agilent Technologies, Inc. (U.S.), Danaher Corporation (U.S.),
Honeywell International Inc. (U.S.), Siemens AG (Germany), and Thermo Fisher Scientific Inc. (U.S.)
were the top five players in the environmental monitoring market in 2015. These companies together
accounted for ~18.1% of the global market. Product launches and product enhancements, strategic
acquisitions, geographic expansions, and collaborations are the major strategies adopted by most of the
market players to achieve growth in the environmental monitoring market.
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