Press release
Environmental Sensors Market Key Players, Industry Demand, Overview And Supply Chain Analysis, Forecast To 2027
The Environmental Sensors Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Environmental Sensors market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Environmental Sensors market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Environmental Sensors market.The environmental sensors market was valued at USD 1.40 billion in 2020, and it is expected to register a CAGR of over 9.25% during the forecast period (2021-2026), to reach a value of USD 2.17 billion, by 2026.
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Top Leading Companies of Environmental Sensors Market are - AMS AG, Powelectrics Limited, Raritan Inc., Texas Instruments Inc., Sensirion Holding AG, Eurotech SpA, Omega Engineering Inc., Nesa SRL, Eko Instruments BV and others.
Industry News and Updates:
- November 2018 - Omron introduced a USB version of its multi-function Environmental Sensor (2JCIE-BU01) that quickly allows designers to monitor several parameters. This sensor can accumulate data for approximately three months (based on a communication frequency of once every 5 mins) and connect to multiple devices, such as smartphones, via Bluetooth 5.0.
- April 2018 - Sensirion introduced SGPC3, the ultra-lower gas sensor, which manages indoor air quality detecting for mobile and battery-driven applications. The mobile devices using these sensors could measure indoor air quality, determine the alcohol content on an individual's breath, or recognize smells.
Key Market Trends:
Smart Homes Initiatives to Drive the Environmental Sensors Market
- Smart home movement, along with the green building initiative, aims at reducing carbon footprint, saving on energy and water consumption, adopting renewable energy systems, and providing a visually and thermally comfortable indoor environment.
- According to the Worlds Resources Institute, buildings consume water and electricity, which is one-third of the global energy consumption, along with the raw materials used in their construction. The concept of green building is gaining recognition due to government regulations and consumers demand.
Asia-Pacific is Expected to Register the Highest Growth Rate
- The Asia-Pacific is the fastest-growing economic region in the world. The region is witnessing the rapid proliferation of smart technologies, such as smart cities, autonomous vehicles, IoT applications, home automation, industrial automation, intelligent processing technologies, and others. Such factors are expected to drive market growth.
- Further, according to Schneider," The smart homes market is fast evolving in the Indian context. Initially, smart homes were marketed primarily as homes with advanced security features. The market is now evolving into newer areas, like lighting systems, gas leakage detectors, fire detection systems, entertainment systems, and energy efficiency systems. Therefore, the growth of smart homes will lead to a positive outlook in the environmental sensors market.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Environmental Sensors Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Environmental Sensors Market (%),2016 - 2026
- Environmental Sensors Market Share, By Brand
- Environmental Sensors Market Share, By Company
- Environmental Sensors Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Environmental Sensors Market Value Analysis & Forecast
- Promising Environmental Sensors Development by Major Companies
- Detailed Environmental Sensors Portfolio of the Major Companies
- Major Deals in the Environmental Sensors Market
- Major Companies Analysis
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- Country Level analysis for any 5 countries of your choice.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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