Newly released Environmental Sensor Market analysis report by Future Market Insights shows that global sales of the Environmental Sensor Market in 2021 was held at USD 1.7 Billion. With 7.5% projected growth during 2022 to 2032, the market is expected to reach a valuation of USD 3.7 Billion by 2032. Fixed Sensors is expected to be the highest revenue-generating product category, projected to register an opportunity of 7.2% CAGR 2022 to 2032.
| Attributes | Details |
|---|---|
| Global Environmental Sensor Market Size (2022) | USD 1.8 Billion |
| Global Environmental Sensor Market Size (2032) | USD 3.7 Billion |
| Global Environmental Sensor Market CAGR (2022 to 2032) | 7.5% |
| USA Environmental Sensor Market Size (2032) | USD 1.3 Billion |
| USA Environmental Sensor Market CAGR (2022 to 2032) | 7.1% |
| Key Companies Covered | ABB Ltd.; Delphi Automotive PLC; Freescale Semiconductor Ltd.; Honeywell International Inc.; Omron Corporation; STMicroelectronics N.V.; Robert Bosch GmbH; Schneider Electric SE |
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As per the Environmental Sensor Market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2015 to 2021, the market value of the Environmental Sensor Market increased at around 9.3% CAGR. With an absolute dollar opportunity of USD 1.9 Billion, the market is projected to cross USD 3.5 Billion mark by 2032.
There is a rising potential for environmental sensors with the launch and increased use of smart devices, as well as improvements in IoT and cloud-based services. These sensors can detect environmental conditions in both indoor and outdoor settings. Sensors are packaged together and engineered to offer detailed, precise, and real data outputs, which are necessary for many IoT systems. Smart homes, smart offices and buildings, and HVAC are among the key applications of the environmental sensor market. Indoor environmental monitoring and personal weather data are two examples of mobile and fixed applications.
Environmental sensors monitors and keeps a track of soil and water pollution as public awareness of environmental concerns caused by harmful gas emissions from various industries have grown. Various governments throughout the world have enacted stringent rules and laws encouraging the usage of environmental surveillance systems, which is driving the market for environmental sensors. Over the projected period, advanced technologies in the designing and engineering of individual sensors are anticipated to propel the market. Growing demand from the industrial as well as the agricultural sector is expected to push the growth of the market.
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Measuring variables across time is an important aspect of monitoring and a significant problem. Continuous monitoring is necessary as data gaps make it difficult to analyze the full range of environmental resource variability. In addition, infrequent but large events can have a considerable impact on the state of environmental resources. As a result, long-term surveillance becomes critical. However, constant monitoring and operation of sensors might diminish their efficiency and performance, reducing their lifespan.
Environmental sensor specifications change depending on the application and technology employed. Environmental sensors, for example, must meet strict size and power consumption standards in consumer electronics applications. Integrating different sensors with consumer devices, such as smartphones, is extremely difficult in such instances. In addition, as the sector or vertical changes, the sensor's specifications alter as well. For example, gas sensors parameters in the automobile industry vary from those in the oil and gas business; as a result, gas sensor performance requirements in advanced applications become a challenging factor.
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North America accounts for the largest market for environmental sensors. Growing enterprises and strict environmental legislation are driving the environment sensors regional market growth.
The United States is expected to account for the largest market share of USD 1.3 Billion by the end of 2032. The United States is the most advanced country in terms of technology and sensors are increasingly being incorporated to monitor environmental impacts. Growing enterprises and strict environmental legislation are driving the market for environmental sensors in the country. Government initiatives are the key factors for the environmental sensors market which helps in spreading awareness.
For example, in July 2021, the Environmental Protection Agency (EPA) announced that it will allocate USD 50 Milion from the American Rescue Plan (ARP) to strengthen air quality index monitoring in communities around the country. This funding for improved air quality monitoring follows the Agency's announcement of USD 50 Million for environmentalist initiatives under the ARP, bringing the total amount of EPA financing assigned by Congress to address pollution-related health disparities and the COVID–19 pandemic to USD 100 Million.
Recently, the Environmental Protection Agency has taken steps to significantly improve the quality of air by planning and developing federal policies that, when completely executed, will result in large reductions in air pollutants. The accompanying air quality gains will enhance the United States' health, lifespan, and standard of living.
The Fixed Sensor product segment is expected to account for the largest market with a CAGR of 7.2% during 2022 to 2032. Fixed or portable sensor deployments can offer highly detailed information, capturing the impacts of urban variables. This level of ground-level detail complements satellite data, which is especially useful in metropolitan areas. Ambient urban sensor platforms are expected to arise as a result of smart city technology deployments. Also, a number of sensing devices are being used to monitor water quality. Fixed sensing could be used by researchers to make observations and can also be linked to public water utility control systems. Only one water source can be monitored with portable sensor modules.
The market for humidity sensors is forecasted to grow at a CAGR of over 7% during 2022 to 2032. Humidity in the environment has an impact on not only crop development and animal husbandry, but also on human health. A humidity sensor can be used to monitor the humidity in the surroundings.
A wall-mounted humidity and temperature sensor are commonly used for indoor humidity monitoring. This sensor is compact, has adequate ventilation, and accurately measures data. It can be observed indefinitely without the need for maintenance. A solar screen humidity sensor is ideal for outdoor environmental monitoring since it has a high degree of safety and is resilient to rain and snow degradation. It performs well in windy conditions, making it perfect for usage in fields and farms. Once deployed, the data can be seen remotely in real-time, allowing farmers to manage their crops more efficiently.
Some of the key companies in the environmental sensor market include ABB Ltd., Delphi Automotive PLC, Freescale Semiconductor Ltd., Honeywell International Inc., Omron Corporation, STMicroelectronics, N.V., Robert Bosch GmbH, and Schneider Electric SE. Environmental sensor market leaders are increasing production by collaborating, inventing, and acquiring small businesses, and investing in a technically advanced product portfolio all around the world.
Some of the recent developments of the Environmental Sensor Market are:
Similar recent developments related to companies in Environmental Sensor Market are tracked by the team at Future Market Insights, which are available in the full report.
The Global Environmental Sensor Market is worth more than USD 1.7 Billion at present.
The value of the Environmental Sensor Market is projected to increase at a CAGR of around 7.5% during 2022 to 2032.
The value of the Environmental Sensor Market increased at a CAGR of around 9.3% during 2015 to 2021.
Sensor reduction down to the nanoscale, actual smart sensors, wireless network operation, improved sensitivity, and rapid processing are all key market trends that are shaping the growth of the environmental sensor market.
The market for Environmental Sensor Market in USA is projected to expand at a CAGR of around 7.1% during 2022 to 2032.
1. Executive Summary 2. Market Overview 3. Market Risks and Trends Assessment 4. Market Background 5. Key Success Factors 6. Global Market Demand Analysis 2015 to 2021 and Forecast, 2022 to 2032 7. Global Market Value Analysis 2015 to 2021 and Forecast, 2022 to 2032 8. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Product Type 8.1. Fixed 8.2. Portable 9. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Sensing Type 9.1. Humidity 9.2. Temperature 9.3. Gas 9.4. Pressure 10. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By End User 10.1. Medical 10.2. Automotive 10.3. Industrial 10.4. Consumer Electronics 10.5. Other 11. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region 11.1. North America 11.2. Latin America 11.3. Europe 11.4. Asia Pacific 11.5. Middle East and Africa (MEA) 12. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032 13. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032 14. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032 15. Asia Pacific Market Analysis 2015 to 2021 and Forecast 2022 to 2032 16. Middle East and Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032 17. Key Countries Market Analysis 2015 to 2021 and Forecast 2022 to 2032 18. Market Structure Analysis 19. Competition Analysis 19.1. AMS AG 19.2. Powelectrics Limited 19.3. Raritan Inc. 19.4. Texas Instruments Inc. 19.5. Eurotech SpA 19.6. Vectron International 19.7. Omega Engineering Inc. 19.8. Nesa SRL 19.9. Eko Instruments BV 19.10. Honeywell International 19.11. Bosch Sensortec 20. Assumptions and Acronyms Used 21. Research Methodology
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Environmental Sensor Market
