Development of technologically advanced Environmental Monitors and Sensors, a Key Strategy Adopted by Leading Market Players to Foster their Growth in the Global Environmental Monitoring Market

In the global environmental monitoring market, leading players are adopting the strategies of new product development, new product launches, agreements, partnerships, collaborations, geographic expansions, acquisitions, and joint ventures. Market players adopted these strategies to access patented technologies, develop novel environmental monitoring products, expand their product portfolio, enter into growing markets, and to increase their market share. In addition to the top market players, companies such as Lockheed Martin Corporation (U.S.), Ball Aerospace and Technologies Corporation (U.S.), The Raytheon Company (U.S.), and Thales Group (France) are primarily focused towards launching the new environmental monitoring products and acquisitions to widen their product offerings.

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The global environmental monitoring market was dominated by Agilent Technologies, Inc. (U.S.), Danaher Corporation (U.S.), Honeywell International, Inc. (U.S.), TE Connectivity Ltd. (Switzerland), and Siemens AG (Germany), in 2014. Agilent Technologies, Inc. was the leader in this market in 2014 and is expected to lead the market during next five years as well. The company has a broad product portfolio for environmental monitoring products including state-of-the-art instruments (such as ICP-MS, ICP-OES, and ICP-MS/MS devices, ICP Expert II software, SpectrAA software, GC columns, and ASX-200 Autosampler) and software. The company employs more than 12,000 people and has a strong market foothold in more than 100 countries across the globe that enables it to maintain its leading position in the global environmental monitoring market. Furthermore, the company focuses on new product launches and strategic acquisitions as its key business strategy to ensure its growth in the global environmental monitoring market.

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Major strategic developments are taking place in the field of environmental monitors and sensors market, which exhibits high-growth potential in the near future. Dominant market players such as TE Connectivity Ltd. (Switzerland), Danaher Corporation (U.S.), E.S.I. Environment Sensors Inc. (Canada), Honeywell International, Inc. (U.S.), and Lockheed Martin Corporation (U.S.) have introduced several technologically advanced environmental monitors and sensors in order to keep pace with the industry trends.

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