The global environmental sensor market was valued at US$ 1.7 Billion in 2021 and is expected to reach US$ 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.
In the environmental sciences, the usage of low-cost sensor networks (LCSNs) is growing in popularity, and the unparalleled monitoring data provided enables study across a wide range of fields and applications. Non-technical difficulties, in particular, continue to stymie the widespread development and deployment of LCSNs.
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Environmental sensors monitor and keep track of soil and water pollution as public awareness of environmental concerns caused by harmful gas emissions from various industries has 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.
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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More Insights Available:
Future Market Insights, in its new offering, presents an unbiased analysis of the Global Environmental Sensor Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in Global Environmental Sensor Market across five regions (North America, Asia Pacific, Europe, Middle East & Africa and Latin America).
Environmental Sensor Market Segmentation:
By Product:
- Fixed
- Portable
By Sensing Type:
- Humidity
- Temperature
- Gas
- Pressure
By End Use:
- Medical
- Consumer Electronics
- Industrial
- Automotive
- Other End-users
By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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