Press release
In-Depth Analysis: Environmental Sensor Market Growth by Type (Temperature, Humidity, Air Quality, Water Quality, Integrated)
The increasing focus on environmental compliance and sustainability is expected to drive the market growth. The growing awareness about the need to protect the environment is also fuelling the environmental sensor market growth.Environmental Sensor Market by Type (Temperature, Humidity, Air Quality, Water Quality, Integrated)
As the world becomes more industrialized, the need for accurate and efficient environmental sensors has also increased. The global environmental sensor market was valued at USD 1.4 billion in 2021 to USD 2.7 billion by 2027, at a CAGR of 10.3%.
The major drivers for this growth are increasing awareness about the adverse effects of pollution on health and well-being, increasing investments in renewable energy sources, and growing demand for smart cities. However, the high cost of sensors and technological constraints are restraining the environmental sensor market growth.
The temperature sensor segment is the largest market segment and is expected to account for 43% of the total market by 2027. This is due to the increasing popularity of air conditioners and refrigerators, which require accurate readings of room temperature. The humidity sensor segment is expected to account for 27% of the total market by 2027, due to rising concerns over asthma and other respiratory issues caused by low humidity levels in homes. The air quality sensor segment is expected to account for 17% of the total market by 2027, as governments around the world impose stringent regulations on vehicular emissions. The water quality sensor segment is expected to account for 10% of the total market by 2027.
The growth will be driven by increasing awareness about the negative effects of climate change and an increase in investments in renewable energy sources.
Among the various types of environmental sensors, temperature and humidity sensors are the most commonly used. This is likely due to their widespread application in homes and businesses, as well as their relatively low cost. Temperature sensors are used in applications such as building controls and energy management, while humidity sensors are used in applications such as HVAC systems and industrial processes.
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Air quality sensors are also popular among environmental sensor users. These sensors are used in applications such as automotive emissions testing and pollution monitoring. Water quality sensors are also gaining traction among environmental sensor users, thanks to their use in monitoring irrigation systems and fish populations. Integrated environmental sensors are steadily gaining popularity among sensor manufacturers, owing to their ability
Company Profiles
The major players in the environmental sensor market are Bosch Sensortec (Germany), Sensirion (Switzerland), ams AG ( Austria), OMRON (Japan), Honeywell (US), Raritan (US), Siemens (Germany), Texas Instruments (US), Schneider Electric (France), Amphenol (US).. The key strategies pursued by these companies include expanding into new geographies, developing innovative products, and increasing R&D spending.
Asia Pacific will dominate the environmental sensor market, accounting for more than half of the total revenue in 2022 and 2027 respectively.
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