The global environmental monitoring market is poised to grow at a CAGR of 7.5% during 2015-2020, and is expected to reach a value of $20.5 Billion in 2020. A number of factors such as growing global population, development of policies and initiatives aimed to reduce air, soil, and water pollution and increasing government funding of pollution prevention and control mean that the field of environmental monitoring solutions will be a growing area regardings the development of environment-friendly industries. reductions in export tariffs on environmental monitoring technologies in emerging and developed markets arealso fuelling the growth of the global market. But the high cost of environmental monitoring solutions, slow implementation of pollution control reforms, and high export barrier on environmental technologies in emerging markets are some of the key factors negatively affecting the market growth.
Glossary for Water Quality Testing Terms
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