The Environmental Sensor Market is likely to witness a notable rise. Increasing investments by public and private sectors worldwide for efficient environment monitoring & surveillance systems will drive market growth. Market Research Future (MRFR) states that the global environmental sensor market value will escalate from USD 0.9 BN in 2022 to USD 2.1 BN by 2032, growing at a 10.2% CAGR throughout the assessment period (2023-2032).
Key factors bolstering environmental sensor market revenues include strict government regulations to control pollution and augmenting demand for air quality monitoring in cities. Besides, penalties imposed on various industries for not maintaining the desired environmental standards impact the market growth positively, creating substantial market demand.
The global environmental sensor market has grown significantly due to the influx of capital from newly discovered offshore oil and gas resources worldwide. Governments are committed to sustainable oil & gas extraction activities, mine development, and minimizing the environmental footprint of these activities. They also use these data to track illegal deforestation, protect mangroves, and safeguard their country’s biodiversity.
Major Players
Leading environmental sensor market players are.
- Sensirion AG
- Bosch Sensortec GmbH
- OMRON Corporation
- Raritan Inc.
- Honeywell International Inc.
- ABB Ltd.
- Texas Instruments Incorporated
- Siemens AG
- Schneider Electric
- IDT
- STMicroelectronics
- AVTECH
- Freescale Semiconductor Inc.
- Analog Devices
- Apogee Instruments
- NuWave Sensors
- TE Connectivity
- Elichens
- Breeze Technologies
- Aclima
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Environmental Sensor Market – Segments
The market report is segmented into products, end-users, and regions. The product segment is sub-segmented into temperature, pressure, water quality, chemical, smoke, and humidity. The end user segment is sub-segmented into commercial, industrial, residential, automotive, consumer electronics, healthcare & life sciences, and government. By region, the environmental sensor market is segmented into Europe, the Americas, Asia-Pacific, and the rest of the world.
Environmental Sensor Market – Regional Analysis
North America dominates the global environmental sensor market. The largest market share is mainly attributed to high funding and increasing demand for environmental monitoring systems. Countries like the US and Canada hugely invest in implementing environmental monitoring systems due to strict rules and regulations imposed against environmental pollution.
Besides, many major technology providers, data centers, and technology development centers in this region foster market growth. Also, increasing upgrades in technologies and improvements in environmental monitoring and surveillance technologies propel the region’s market shares. The US, Canada, and Mexico contribute excellently to escalating North America’s environmental sensor market demand.
Environmental Sensor Market – Competitive Landscape
The highly competitive environmental sensor market appears fragmented due to the presence of many well-established industry players. Players strive to meet the demand for various intelligence, surveillance, and reconnaissance solutions that enable real-time remote monitoring and control over critical locations.
Industry/ Innovation/ Related News
Aug.09, 2023 – Vertiv launched Geist Watchdog 15 Environmental Sensor Solution, with the capacity to add 4 additional external plug-n-play sensors in India. The solution can enhance enterprise & edge data center monitoring and management, enabling cost-effective temperature, humidity, and dewpoint monitoring.
Vertiv’s self-contained environmental sensor solution will enhance data center monitoring and management performance by remotely monitoring critical IT infrastructure and environmental conditions in data centers, server rooms, and network closet environments in real time.
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