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.
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.
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.).
Download Research PDF @ https://www.meticulousresearch.com/download-sample-report/cp_id=5348
Key questions answered in the report-
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Europe Industrial Automation Market to be Worth $103.64 Billion by 2030Read More