The global environmental sensor market was valued at USD 1.7 Billion in 2021 and is expected to reach USD 3.7 Billion by 2032 finds Future Market Insights (FMI) in a recent market survey. As per the findings, revenue through humidity sensors is projected to grow at a CAGR of 7.5% during 2022 – 2032.
Low-cost sensor networks (LCSNs) are becoming more and more popular in the environmental sciences, and the unmatched monitoring data they offer allows research in a variety of domains and applications. The broad development and implementation of LCSNs are still hampered, especially by non-technical issues.
With increased public awareness of environmental issues brought on by hazardous gas emissions from a variety of businesses, environmental sensors track and monitor contamination of the soil and water. The market for environmental sensors is being driven by the strict regulations and legislation that various governments across the world have put in place to encourage the use of environmental monitoring systems.
Competitive Analysis:
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:
- In October 2021, ABB introduced the world’s first touch-free environmental smart sensor to help decrease indoor pollution. The ABB FusionAir Intelligent Sensor has four detecting choices to enable ideal conditions for better indoor air quality, safety, and comfort. According to a recent data, household air pollution is 3.5X worse on average inside a structure than outdoors, the World Health Organization has listed naming the problem as the world’s single most serious environmental health threat. Improved Indoor Air Quality (IAQ) with reduced susceptibility to volatile organic compounds requires adequate and suitable ventilation (VOCs).
- In January 2021, Pittsburgh International Airport announced cooperation with Honeywell to evaluate air quality enhancement technologies at the airport’s recently built innovation center, xBridge. Honeywell’s Healthy Buildings platform and air quality monitoring technologies will be used at Pittsburgh International Airport. Temperature, humidity, carbon dioxide, particulates, and volatile organic compounds are all measured by the Honeywell Healthy Buildings platform at xBridge (VOC).
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