Press release
Environmental Sensor Market Overview 2023 - Size, Drivers, Industry Analysis, Competitor Strategy And Forecast To 2032 | Siemens AG, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Texas Instruments Incorporated
Environmental Sensor Market
The Business Research Company's Environmental Sensor Global Market Report 2023 identifies rapid adoption of smart cities as the major driver for the Environmental Sensor market's growth in the forecast period. Smart cities refer to a technologically modern urban area or city that uses information and communication technology (ICT) to increase operational effectiveness, communicate information to the general public, and enhance the standard of public services and the well-being of citizens.
The global environmental sensor market is expected to grow from $1.59 billion in 2022 to $1.77 billion in 2023 at a compound annual growth rate (CAGR) of 11.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The environmental sensor market is expected to reach $2.59 billion in 2027 at a CAGR of 10.1%.
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Major competitors in the Environmental Sensor market are Siemens AG, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Texas Instruments Incorporated.
A key trend in the Environmental Sensor market includes Product innovation. Major companies operating in the environmental sensor market are involved in developing new and improved products and adding new features to their products to sustain their position in the market. For instance, in April 2023, Zebra Technologies Corporation, a US-based mobile computing company for technology to sense, analyze, and act in real-time, launched the ZS300 sensor, the ZB200 bridge, and the Android Sensor Discovery app, a new line of environmental sensors to increase visibility in the food, pharmaceutical, and healthcare sectors. The ZB200 bridge seamlessly transfers data from several Zebra electronic sensors to the cloud for immediate visibility.
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The Environmental Sensor market is segmented -
1. By Type: Temperature, Humidity, Air Quality, Water Quality, Integrated, Gas, Chemicals, Smoke, Ultraviolet (UV), Soil Moisture
2. By Application: Smart Home Automation, Factory Automation, Smart Cities, Automotive Powertrain System, Energy Harvesting, Other Applications
3. By End User: Industrial, Residential, Commercial, Automotive, Government And Public Utilities, Other End-Users
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Environmental Sensor market.
The Business Research Company's "Global Environmental Sensor Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Environmental Sensor Market Include:
1. Executive Summary
2. Environmental Sensor Market Characteristics
3. Environmental Sensor Market Trends And Strategies
4. Environmental Sensor Market - Macro Economic Scenario
……
32. Global Environmental Sensor Market Competitive Benchmarking
33. Global Environmental Sensor Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Environmental Sensor Market
35. Environmental Sensor Market Future Outlook and Potential Analysis
36. Appendix
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