Environmental sensor market Analysis By Size, Share, Key Players, Growth, Trends & Forecast 2027

August 05 01:41 2022
Environmental sensor market Analysis By Size, Share, Key Players, Growth, Trends & Forecast 2027
Environmental Sensor Market
The Environmental Sensor Market is expected to reach USD 2.7 billion by 2027 from USD 1.4 billion in 2021, at a CAGR of 10.3%

The global environmental sensor market size is expected to grow from USD 1.5 billion in 2021 to USD 2.7 billion by 2027, at a CAGR of 10.3%. Increase in regulations to reduce air pollution is the primary factor driving the market growth. Moreover, ongoing technological advancement in IoT market is expected to grow the demand of the environmental sensor market in the forecast period.

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Environmental Sensor Market

Integrated sensors is expected to grow with significantly high CAGR during the forecast period.  

In recent years, there has been observed increasing usage of integrated sensors in various applications, particularly portable or consumer devices. Humidity, temperature, dust intensity, and UV radiation sensors are among the commonly used integrated sensors. Ecological and environmental scientists have been developing a cyber infrastructure in the form of environmental observatories, consisting of a variety of sensor systems, sophisticated computational resources and informatics, to observe, model, predict, and ultimately help pre-serve the health of the environment. Many companies are developing integrated sensors with advanced technologies, such as AI, IoT and Big Data, which helps to analyze the huge amount of environmental and atmospheric data, thus shifting from standalone systems to cloud-based services.

Government agencies and public utilities vertical has the largest market share of environmental sensor market in 2020.

This environmental sensor market for government agencies and public utilities segment mainly includes weather monitoring stations and public places. Environmental sensors are used to measure different levels of gases in the atmosphere, thereby helping to meet specific environmental standards. These sensors are used in weather monitoring stations. Due to rising concerns regarding harsh environmental conditions, governments in various countries are encouraging the installation of weather monitoring stations. Due to increasing government projects, such as smart cities, it is expected that there will be a rise in weather monitoring stations worldwide, which will, in turn, boost the environmental sensor market. Companies such as Vaisala (Finland) and Environdata (Australia) provide weather monitoring stations and solutions for environmental monitoring purposes.

China is expected to grow with highest CAGR during the forecast period

China is among the fastest-growing economies in the world. Due to heavy industrialization, China is a hub of heavy industries such as coal, cement, chemicals, and others. The consumer vertical is expected to play an important role in the Chinese environmental sensor market. The availability of low-cost, miniaturized sensors is expected to drive the environmental sensor market for the consumer vertical. A high level of air pollution resulting in poor ambient air quality and increasing end-user awareness regarding health issues drives the demand for products such as air filters, air cleaners, air purifiers, which, in turn, creates demand for environmental sensors. The growing construction industry is expected to create opportunities for HVAC systems, and thus drives the growth of the environmental sensor market.

The report profiles key players in the environmental sensor market and analyzes their market shares. Players profiled in this report are Bosch Sensortec (Germany), Sensirion (Switzerland), ams AG (Austria), Honeywell International (US), Siemens (Germany), Omron (Japan), Raritan (US), Texas Instruments (US), Schneider Electric (France), Amphenol (US), Aeroqual (New Zeland), Alphasense (England), AVTECH (US), Analog Devices (US), Apogee (US), Breeze Technologies (Germany), Develco Products (Denmark), eLichens(France), Figaro Engineering (Japan), Meter group (US), NuWave Sensors (Ireland), Renesas (Japan), RioT Technology (Canada), STMicroelectronics (Switzerland), TE Connectivity (Switzeland).

Study Coverage:

This report categorizes the environmental sensor market by type, location, application, vertical and geography. The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the environmental sensor market. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; new product launches; and partnerships, agreements, and collaborations; and recent developments associated with the environmental sensor market.

Brief information on the research methodology for the report can be found in the report description provided on the website.

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