Published: Aug-2021 | Format: PDF | Market Research Store | Number of pages: 178 | Code: MRS - 828610
As per Market Research Store report, global demand for environmental sensor has generated revenue of around USD 1.4 billion in 2020. By 2026, the market is expected to reach around USD 2.4 billion, increasing at a CAGR of around 10% from 2021 to 2026.
Global Environmental Sensor Market: Overview
Environmental sensor networks (ESN) are being developed all over the world as a result of recent technological advancements in the downsizing of various electronics goods and wireless communication technology. Furthermore, one of the key techniques necessary to protect the environment and the public from hazardous pathogens and toxins that can be released into a range of media such as air, water, and soil is an environmental monitoring program. Air pollution monitoring, greenhouse gas, forest fire detection, and landslide detection (GHG) monitoring are only a few of the applications for environmental sensing technology. Furthermore, temperature and humidity air quality control are the most widely used environmental sensors, which are used in a variety of end-use industries such as water quality monitoring, ambient gas monitoring, and greenhouse gas emission monitoring, among others. In the next years, rising demand from the agriculture industry as well as other industrial sectors is expected to boost demand for various environmental sensors. The application of greenhouse gas monitoring and sensing is also expected to grow in the future. During the forecast period, the environmental sensor market is expected to increase at a stable rate.
|REPORT SNAPSHOT & REPORTING DATA TIMEFRAME|
|Historical Date ( Actual Data)||2016 - 2020|
|Base Year Data||2020|
|Current Year Data||2021|
|Projected Data||2021 - 2026|
Global Environmental Sensor Market: Growth Factor
Pollution is a problem in cities and towns, and it is produced by the introduction of pollutants into the environment, which causes unfavourable changes in the ecosystem. As people become more aware of the dangers posed by harmful gas emissions from various sectors, the usage of environmental sensors has become more regulated in order to keep track of water and soil contamination. Various governments across the globe have established rigorous rules and laws encouraging the usage of environmental monitoring systems, which is driving the market for environmental sensors. There is a rising opportunity for environmental sensors with the introduction and increasing usage of smart devices, as well as developments in IoT and cloud-based services. The environmental characteristics of both indoor and outdoor settings may be monitored using these sensors. Sensors are now packaged together and intended to give detailed, precise, and real-time data outputs, which are necessary for many IoT applications. Smart homes, smart workplaces and buildings, and HVAC applications are among the applications. It's also ideal for mobile and fixed applications including interior air quality monitoring and personal weather stations.
Global Environmental Sensor Market: Segmentation
Based on product type, the environmental sensor market is bifurcated into portable and fixed. Based on sensing type, the environmental sensor market is segmented into gas sensors, temperature sensors, humidity sensors, pressure sensors, water quality sensors, chemical sensors, smoke sensors, and others. During the forecast period, the temperature sensor market is estimated to acquire the largest market share. The most prevalent parameter for monitoring environmental parameters is temperature. Surge in adoption of temperature sensors in portable devices, technological improvements in sensors resulting in smaller sensors, and rising demand for residential and smart city projects are projected to boost the market growth. Based on end-user, the market is divided into healthcare & life sciences, industrial, government, automotive, medical, consumer electronics, and others. During the projected period, the government vertical market is expected to have the maximum market share. This is due to growing awareness over extreme environmental conditions, which has led to governments in numerous nations pushing the establishment of weather monitoring stations. The rise in weather monitoring stations in smart city projects in the government vertical has resulted in increased demand for environmental sensors as a result of expanded government projects, such as smart cities. Various government initiatives in various cities are implementing smart tools and solutions in order to meet the growing demand for environmental protection. As a result, the market for environmental sensors has benefited significantly.
Global Environmental Sensor Market: Regional Analysis
Among these regions, during the projection period, the market in Asia Pacific will expand at the fastest rate. This growth is attributed to the growing adoption of smart devices in Asian Pacific, which opens up the opportunities for the increasing demand for environmental sensors in these smart devices. Asia Pacific is anticipated to continue to hold the biggest market size and be the fastest-growing region in the environmental sensor market. Also, the rise is levels of pollution in Asia Pacific nations are expected to propel the market forward. The environmental sensor market in Asia Pacific is projected to develop rapidly due to increased government efforts to minimize air pollution in countries such as China and India.
Global Environmental Sensor Market: Competitive Players
Some of the key players functional in the environmental sensor market are Aclima, Amphenol, AMS AG, Analog Devices, Apogee Instruments, AVTECH, Bosch Sensortec, Breeze Technologies, Elichens, Honeywell International, NuWave Sensors, Omron Corporation, Powelectrics Limited, Raritan, Schneider Electric, Sensirion, Siemens, STMicroelectronics, TE Connectivity, and Texas Instruments Inc. among others.
Global Environmental Sensor Market: Regional Segment Analysis
Frequently Asked Questions
What are the key factors driving environmental sensor market expansion?
The rising concerns about pollution caused to different elements of the environment have led to imposing strict regulations on environmental monitoring, which is majorly driving the market for environmental sensors.
What will be the value of the environmental sensor market during 2021- 2026?
According to Market Research Store, the environmental sensor market is expected to generate revenue of around USD 2.4 Billion by end of 2026, growing at a CAGR of around 10% between 2021 and 2026.
Which region will make notable contributions towards global environmental sensor market revenue?
Asia Pacific region is expected to account for largest market share for environmental sensor market during the forecast period, owing to the increase in pollution levels in the countries of the region and growing adoption of smart devices.
What are the key players leveraging environmental sensor market growth?
Some main participants operating the environmental sensor market are Aclima, Amphenol, AMS AG, Analog Devices, Apogee Instruments, AVTECH, Bosch Sensortec, Breeze Technologies, Elichens, Honeywell International, NuWave Sensors, Omron Corporation, Powelectrics Limited, Raritan, Schneider Electric, Sensirion, Siemens, STMicroelectronics, TE Connectivity, and Texas Instruments Inc. among others.