Environmental monitoring is the systematic sampling of air, water, soil, noise, and biota to characterize and monitor the quality of the environment. Monitoring is done to prepare environmental impact assessment reports, establish environmental baselines, trends, and cumulative effects, test environmental modeling processes, educate the public about environmental conditions, and ensure compliance with environmental regulations.
With regards to the rising concerns of environmental degradation, governments and regional associations across the globe are taking measures to accelerate their investments towards becoming low carbon and building an environmentally sustainable economy. Various green investment banks (GIBs) like U.K. Green Investment Bank, Malaysian Green Technology Corporation (GreenTech Malaysia), Connecticut Green Bank, Clean Energy Finance Corporation (CEFC), and California CLEEN Center have started their investment and funding for projects having the potential to reduce greenhouse gas (GHG) emissions and maintain the environmental sustainability.
With the technological advancements, there has been increased adoption of environmental monitoring products. The use of IoT technologies and nanotechnology are providing an opportunity for the environmental monitoring market. IoT involves online monitoring of water quality, air pollutant concentrations indoors and outdoors, precipitations, and any other environmental parameter affecting people’s safety and environment. IoT sensors give accurate real-time data on various environmental parameters and improve overall environmental conditions. IoT environmental monitoring provides a simple but powerful capability to interconnect different kinds of devices and applications worldwide.
Environmental Monitoring Market is expected to reach $25.95 billion by 2028, at a CAGR of 7% during the forecast period of 2021 to 2028.
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Authoritative Research on the Environmental Monitoring Market – Global Opportunity Analysis and Industry Forecast (2021-2028)
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