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Environmental Sensor Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033

04-22-2024 12:17 PM CET | Energy & Environment

Press release from: The Business research company

Environmental Sensor Market

Environmental Sensor Market

The environmental sensor market size has grown rapidly in recent years. It will grow from $1.77 billion in 2023 to $1.96 billion in 2024 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to industrialization, increasing environmental awareness, stringent environmental regulations, government initiatives for pollution control, rising concerns about climate change..

The environmental sensor market size is expected to see strong growth in the next few years. It will grow to $2.86 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to adoption of wireless sensor networks, expansion of smart city initiatives, emphasis on sustainable development, rising demand for real-time environmental monitoring, investments in environmental sensor research and development.. Major trends in the forecast period include integration of ai and machine learning in sensor data analysis, growth of wearable environmental sensors, increasing use of drone-based environmental monitoring, development of low-cost sensor solutions, focus on sensor data interoperability.

Market Overview -
Environmental sensors are sensors that track the environment and provide real-time data about temperature and humidity, wind speed and direction, and rainfall. Environmental sensors are used to record, store, test, and accurately measure vital environmental information using Data Center Infrastructure Management (DCIM) software.

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Environmental Sensor Market Surges With Smart City Adoption
The rapid adoption of smart cities is expected to boost the growth of the environmental sensor market going forward. 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. A variety of environmental sensors are installed in smart cities to collect electronic data regarding infrastructure and people, such as smart transportation systems that provide traffic information and automatically pay toll taxes from user accounts, smart energy systems that minimize downtime and damage to the electric grid, and other environmental sensors. For instance, in April 2023, according to the IMD Smart City Index (SCI) Report 2023, published by the International Institute for Management Development (IMD), a Switzerland-based independent university institute, the number of smart cities recorded in 2021 is 141 cities, up from 118 at the time of measurement, a 20% increase in 2019. Therefore, the rapid adoption of smart cities is driving the growth of the environmental sensor market.

Competitive Landscape -
Major companies operating in the environmental sensor market report are Siemens AG, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Texas Instruments Incorporated, Emerson Electric Co., TE Connectivity, Microelectronics N.V., Infineon Technologies AG, Amphenol Corporation, Renesas Electronics Corporation, Omron Corporation, Ams OSRAM AG, Horiba Group, Sick AG, Sensirion AG, RioT Technology Corp., Figaro Engineering Inc., Omega Engineering Inc., Bosch Sensortec GmbH, Eurotech SpA., Raritan, Eko Instruments BV, Avtech Software Inc., Breeze Technologies, Elichens, NuWave Sensor, Nesa Srl., Apogee Instruments Inc., Aeroqual Ltd.

The Rise Of Product Innovation In Environmental Sensors
Product innovation is a key trend gaining popularity in the environmental sensor market. 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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Key Segments -

The environmental sensor market covered in this report 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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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