With the introduction of strict regulations to assess and control pollution by the government and environmental organizations in the public and industrial sectors, the demand for the use of environmental monitors has increased to identify pollutants and monitor deviations from the balance of environmental factors. Sensors embedded in these devices measure and show temperature and its changes, humidity, particles, and biological and chemical pollution. This makes contributions to policymakers and decision-makers to take steps to prevent environmental consequences.
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Market / Industry segment of environment monitoring
| Base Year | Market size(B$) | Duration(YEAR) | CAGR(%) | Source Name |
| 2019 | 15.48 | 6 | 9.50% | PR news wire |
| 2018 | 16.44 | 8 | 5.42% | Verified market research |
| 2018 | 14.3 | 6 | 9.50% | Grand view research |
| 2019 | 14.12 | 6 | 7.50% | meticulous research |
| 2020 | 14 | 5 | 4.10% | Market and market |
Influencing factors that changes market size of environment monitoring
The size of the market value changes under the influence of many factors; the increase and decrease in the rate of these influential factors leads to changes in the value of the market size, which is provided by direct and reverse drivers in the market of environment monitoring
Direct drivers:
- Environmental pollution problems
- Global warming
- Energy saving
- Strict laws by governmental organizations and institutions
Reverse drivers:
- High cost of equipment and maintenance
- Lack of professional specialists
This market may also be threatened by following risks:
In all different markets and industries, the risk is always one of the factors that business founders should be sufficiently aware of. The first step is a risk assessment to identify risks in the market to perform risk management. The market of environment monitoring may also be threatened by the following risks:
- Legislation risk
- Manufacturing risk
- Funding risk
- Sales and marketing risk
