Environmental Sensor Market - Global Opportunity Analysis and Industry Forecast (2022-2029)
Meticulous Research®—a leading global market research company, published a research report titled, ‘Environmental Sensor Market by Type (Particulate & Gas Sensors, Chemical Sensors, Temperature Sensors, Noise Sensors), Application, End User (Residential, Government & Public Utilities, Commercial, and Industrial)—Global Forecast to 2029.’
According to this
latest publication from Meticulous Research®, the global environmental
sensor market is projected to reach $13.53 billion by 2029, at a CAGR of
8% from 2022 to 2029. By volume, the global environmental sensors market is
projected to reach 122,800,587 units by 2029, at a CAGR of 8.4% during the
forecast period.
The Environmental
sensors market is driven by the rising installation of environmental monitoring
stations, increasing use of environmental sensors in the industrial sector, and
stringent environmental regulations to reduce environmental pollution. However,
the lack of awareness and weak pollution control reforms challenge the market's
growth. In addition, the ongoing technological advancements in IoT and
cloud-based services and the growing adoption of nanotechnology-based
environmental monitoring products are expected to offer significant growth
opportunities for the environmental sensors market.
To provide efficient
analysis, Meticulous Research® has segmented this market based on type
(particulate & gas sensors, chemical sensors, pressure sensors, humidity
& moisture sensors, temperature sensors, noise sensors, and other sensors),
application, (smart home automation, factory automation, smart cities,
automotive powertrain system, energy harvesting, and other applications), end
user (residential, government & public utilities, commercial, and
industrial), and geography (North America, Europe, Asia-Pacific, Latin America,
and the Middle East & Africa). The study also evaluates industry
competitors and analyzes regional and country-level markets.
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Scope of the Report
Environmental
Sensor Market, by
Type
- Particulate & Gas
Sensors
- Chemical Sensors
- Pressure Sensors
- Humidity &
Moisture Sensors
- Temperature Sensors
- Noise Sensors
- Other Sensors
Environmental
Sensor Market, by Application
- Smart Home Automation
- Factory Automation
- Smart Cities
- Automotive Powertrain
System
- Energy Harvesting
- Other Applications
Environmental
Sensor Market, by End User
- Residential
- Government &
Public Utilities
- Commercial
- Transportation &
Logistics
- Education
- Healthcare
- Other Commercial Sectors
- Industrial
- Automotive
- Pharmaceutical
- Oil & Gas
- Consumer Electronics
- Chemicals
- Other Industries
Environmental
Sensor Market, by Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia and New
Zealand
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East &
Africa
- UAE
- Israel
- Rest of MEA
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Based on type, in 2022, the
particulate & gas sensors segment is expected to account for the largest
share of the environmental sensors market. The large market share of this
segment is attributed to the growing air pollution levels and need for air
quality monitoring in smart cities, increasing integration of gas sensors in
HVAC systems and air quality monitors, and increasing demand for miniaturized
wireless gas sensors. In addition, the benefits associated with particulate
& gas sensors, such as preventing fire hazards and explosions,
cost-effective installation, accuracy, and real-time updates about leakages,
enhance this segment's growth.
However, by volume, the
chemical sensors segment is projected to account for the largest share of the
environmental sensors market. The large market share of this segment is
attributed to the increase in global energy usage, the growing need to meet and
redefine regulatory requirements for monitoring toxins, and the rising use of
chemical sensors in the automotive and healthcare industry.
Based on application, in 2022, the factory
automation segment is expected to account for the largest share of the
environmental sensors market. The large market share of this segment is
attributed to the rising adoption of industry 4.0 and IIoT in the manufacturing
sector, stringent government regulations on pollution control, and growing
technological advancements in industrial sensors.
Based on end user, in 2022, the
industrial segment is expected to account for the largest share of the
environmental sensors market. The large market share of this segment is
attributed to the growing trends in industrial automation, stringent government
regulations regarding pollution monitoring technologies, and rapid
industrialization. Furthermore, the use of smart sensors for predictive maintenance
and their increasing utilization in the automotive industry are expected to
drive this segment's growth over the coming years.
Based on geography, in 2022, North
America is expected to account for the largest share of the environmental
sensors market. The presence of prominent environmental sensors players,
including Honeywell International Inc. (U.S.), Emerson Electric Co. (U.S.), and
Texas Instruments Incorporated (U.S.), is expected to contribute to the high
revenue share of this region. The environmental awareness among people in the
U.S. is comparatively higher than that of citizens of other countries.
Additionally, the U.S. Environmental Protection Agency (EPA) is among the
leading agencies in standardizing and setting rules and regulations concerning
environmental monitoring across the world. Thus, the rules and regulations of
the U.S. government are expected to boost the adoption of environmental sensors
in the country.
To gain more
insights into the market with a detailed table of content and figures, click
here: https://www.meticulousresearch.com/product/environmental-sensor-market-5348
Key Players
The key players operating
in the environmental sensors market are Siemens AG (Germany), Infineon
Technologies AG (Germany), Honeywell International Inc. (U.S.), Bosch Sensortec
GmbH (Germany), Raritan Inc. (U.S.), TE Connectivity Ltd. (Switzerland), Texas
Instruments Incorporated (U.S.), Amphenol Corporation (U.S.), Breeze
Technologies (Germany), NuWave Sensor Technology Limited (Ireland), Renesas
Electronics Corporation (Japan), Aeroqual (New Zealand), ams-OSRAM AG
(Austria), AVTECH Software, Inc. (U.S.), eLichens (France), and Emerson
Electric Co. (U.S.).
Key questions answered
in the report-
· Which are
the high-growth market segments in terms of type, application, end user, and
geography?
· What is the
historical market for environmental sensors across the globe?
· What are
the market forecasts and estimates for the period 2022–2029?
· What are
the major drivers, restraints, and opportunities in the global environmental
sensors market?
· Who are the
major players in the global environmental sensors market, and what market share
do they hold?
· How is the
competitive landscape?
· What are
the recent developments in the global environmental sensors market?
· What are
the different strategies adopted by the major players in the market?
· What are
the geographic trends and high-growth countries?
· Who are the
local emerging players in the global environmental sensors market, and how do
they compete with the other players?
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