(PharmaNewsWire.Com, July 22, 2020 ) The global environmental monitoring market is projected to reach USD 17.1 billion by 2025 from USD 13.9 billion in 2020, at a CAGR of 4.1%. Rising pollution levels, favorable regulatory scenario, ongoing installation of environmental monitoring stations, development of environment-friendly industries, increasing awareness regarding pollution monitoring, and expansion of pollution monitoring infrastructure across emerging markets, are the major factors driving the growth of the global environmental monitoring market.
Agilent Technologies (US), Danaher Corporation (US), ThermoFisher Scientific (US), Shimadzu Corp. (Japan), and PerkinElmer Corporation (US). The other players are General Electric (US), Honeywell International Inc (US), Horiba (Japan), Merck KGaA (Germany), Siemens (Germany), Teledyne Technologies Incorporated (US), Emerson Electric (US), Spectris (UK), TE Connectivity (US), and 3M Company (US) among others are some major players in the global environmental monitoring market.
An analysis of market developments between 2015 and 2020 has revealed that several growth strategies, such as product launches, product approvals, acquisitions, expansions, and agreements, were adopted by market players to strengthen their product portfolios and maintain a competitive position in the environmental monitoring market. Product launches, acquisitions, expansions, and collaborations were the most widely adopted growth strategies by market players in the last four years.
Agilent Technologies (US) is one of the largest laboratory instruments and reagent manufacturing companies in the world. The company has a robust R&D and manufacturing infrastructure, with its key facilities located in the US, China, Australia, Denmark, India, Germany, Italy, Japan, Poland, Malaysia, Singapore, and the UK. The company provides products and services to customers in more than 100 countries. The company focuses on strengthening its market share and expanding its revenue base in the environmental monitoring segment by expanding its product portfolio through product launches & enhancements. In line with this strategy, the company has launched several instruments, including the MassHunter Quantitative Analysis 10.0 software, New MassHunter Classifier software, and MassHunter Lipid Annotator (June 2019) Agilent 8900 Triple Quadrupole ICP-MS system, the Agilent Arsine/Phosphine GC/MS Analyzer, Agilent Water Screener GC/MS Analyzer (June 2016); Agilent 5110 Inductively Coupled Plasma-Optical Emission Spectrometer (May 2016); Agilent Q-TOF Mass Spectrometry System (April 2015). The company is also involved in collaborations with key stakeholders to enhance its R&D capabilities and increase public awareness related to its environmental monitoring products across the world’s major markets.
Danaher Corporation (US) is one of the leading players in healthcare and life sciences research. The company provides environmental monitoring products through its wholly-owned subsidiaries, namely, Hach, ChemTreat, Trojan Technologies, and McCrometer. Danaher Corporation focuses on strengthening its position in the global environmental monitoring market mainly by adopting the strategies of product launches and acquisitions. This helped the company to enhance its product portfolio and increase its share in the environmental monitoring market. The company has launched several innovative products in recent years such as the TrojanUVTelos water analyzer and purifier; Pocket Pro and Pocket Pro+ water testers; and DR 900 handheld colorimeter. These products have helped the company to increase its revenue and share in the environmental monitoring market.
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