USD 1.72 Billion
Report ID:
SQMIG45A2251 |
Region:
Global |
Published Date: November, 2024
Pages:
192
|Tables:
93
|Figures:
75
Global Environmental Sensor Market size was valued at around USD 1.62 billion in 2022 and is expected to rise from USD 1.80 billion in 2023 to reach a value of USD 4.14 Billion by 2031, at a CAGR of 11% over the forecast period (2024–2031).
Environmental sensors are used to measure, monitor and record environmental parameters such as temperature, humidity and heat loss. Environmental sensors are widely used in pollution control, smart homes, consumer electronics, and other devices. In the coming years, the Environmental Sensors industry is anticipated to witness a decline in revenue from investments in development, research and testing towards environmental sensors but the global environmental sensors market is growing and is anticipated to provide a small amount of revenue key players in the coming years.
Factors such as widespread use of environmental sensors in industrial and manufacturing industries, stringent government regulations on pollution control, demand for environmental sensors are expected increasing agricultural productivity will boost market growth in future but lack of knowledge and limited shelf life are major constraints and hinder market growth. Furthermore, factors such as increasing smart home infrastructure and continuous technological advancements in IoT, and cloud-based services are expected to provide attractive opportunities for market growth.
Global Market Size
USD 1.72 Billion
Largest Segment
Portable
Fastest Growth
Fixed
Growth Rate
9.7% CAGR
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Global Environmental Sensor Market is segmented by Type, Deployment, Application, Vertical and region. Based on Type, the market is segmented into Temperature, Humidity, Gas/Air Quality, Ultraviolet (UV) Detection, Soil Moisture, Water Quality, Integrated and Others. Based on Deployment, the market is segmented into Indoor, Outdoor, and Portable. Based on Application, the market is segmented into Smart Home, Smart Office, Smart City, and Others. Based on Vertical, the market is segmented into Commercial, Enterprises, Consumer Electronics Residential, Healthcare and Pharmaceuticals, Government Agencies and Public Utilities, Industrial, Agriculture and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Product Type
Portable environmental sensors are the dominating segment in the market which are gaining popularity due to their versatility and convenience. They offer on-the-go monitoring capabilities, allowing users to measure air quality, pollution, or other environmental parameters at different locations. Their portability and ease of use make them valuable for personal health monitoring, research, and regulatory compliance. Increasing awareness of environmental issues, coupled with technological advances that make portable sensors more accurate and affordable, are fueling their growth in the environmental products industry.
Fixed sensors segment is expected to grow in the market which installed in environmental monitoring networks to continuously measure parameters such as air quality, water quality, climate and soil conditions They provide a continuous flow of data, providing researchers, government agencies and agencies can monitor environmental changes over time.
Early warning systems for natural disasters such as floods, earthquakes and forest fires often use fixed sensors. By continuously monitoring environmental parameters such as water levels, soil moisture and temperature, these sensors can identify changes that indicate an impending threat and trigger timely alerts for local authorities and communities the residents
Companies use custom sensors to monitor environmental conditions and ensure compliance with regulations and permits. For example, fixed air quality detectors near industrial plants are used to monitor pollutant emissions and ensure they stay within permissible limits.
Analysis by Type
The temperature sensor segment dominated the market by 2022 with a share of more than 30%. Thermal sensors provide energy efficiency, both in industrial and residential environments, reducing carbon footprint and reducing operating costs. With growing concerns about climate change, there is an increasing need to monitor temperature variability to assess impacts on ecosystems, climate and global temperature. Tropical temperature sensors are used to monitor health risks from heat, which are becoming more severe due to climate change, and to prevent diseases affected by temperature changes. Portable environmental sensors are gaining popularity due to their versatility and convenience. They offer on-the-go monitoring capabilities, allowing users to measure air quality, pollution, or other environmental parameters at different locations.
Pressure sensors are important components of climate control systems. They measure atmospheric pressure, an important measure of weather. Changes in atmospheric pressure can signal the approach of weather systems such as storms or fronts. Pressure sensors can be used to measure barometric pressure in air quality systems. This information is important for accurately measuring other air quality parameters such as temperature, humidity, and pollution levels. Pressure sensors have been installed in flood control systems to measure water levels in rivers, lakes and ponds. By constantly monitoring changes in water pressure, these sensors help forecast and reduce flood risk. Industries use pressure sensors to monitor pressure levels in pipelines, tanks, and industrial systems to ensure compliance with environmental regulations. They help detect leaks, monitor emissions dispose of, and maintain optimum working conditions.
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North America dominated the global environmental sensor market with more than 30% share by 2022. Emphasis has been placed on environmental sustainability and climate change mitigation, with increasing demand to monitor and collect data. Compliance with regulatory requirements for environmental management has led to the use of sensor technology to ensure environmental compliance. The North American region faces various environmental challenges including air and water pollution problems, which require effective and complete environmental monitoring these factors contribute to the region the market develops.
In the global environmental sensor market, the Asia Pacific region is expected to witness the fastest growth during the forecast period. Rapid urbanization and industrialization have increased pollution and can cause environmental problems. Governments in Asia Pacific have implemented stringent laws and policies to curb pollution, such as the National Clean Air Program (NCAP) by the government of India, the Special Measures Act on fine dust abatement, and South Korean Clean Air Act Government, in Japan is increasing comprehensive environmental awareness measures such as the Act Promoting Measures to Combat Global Warming.
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Drivers
Widespread Use of Environmental Resources in Engineering and Manufacturing
Environmental Sensors Growing Demand for Environmental Sensing from Consumer Electronics Manufacturers
Restraints
Lack of Awareness and Limited Age
Adverse Effects of Extreme Temperatures on Working Life of Sensors
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The competitive environment of the Global Environmental Sensor Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Established organizations within the industry leverage techniques inclusive of product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position. Additionally, the market is witnessing elevated opposition from local and neighborhood producers supplying cost-powerful options.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
A temperature sensor is an integrated system consisting of a temperature sensor, a bias circuit, and an analog-to-digital converter (ADC). The temperature sensor measures temperature to ensure that the process remains within a certain range, ensuring safe use or providing critical conditions when handling extreme temperatures, hazards, or measuring environments which cannot be addressed.
The demand for reliable, efficient and affordable sensors is increasing, leading to new technologies such as microtechnology, nanotechnology etc. Low cost, size and what not difficulty in application has led to the widespread use of sensors in various industries, such as automotive, residential, medical, environmental, food processing and pharmaceutical. Adding temperature sensors to smart homes helps homeowners maximize energy efficiency, as the temperature in a property is adjusted based on occupancy Sensor-equipped appliances, like remote thermostat controllers, get real-time temperature information in every room of a house. Temperature sensors are being incorporated into smart camera systems designed to provide accurate and non-interactive temperature monitoring across disciplines.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 1.62 billion |
Market size value in 2031 | USD 4.14 Billion |
Growth Rate | 11% |
Base year | 2023 |
Forecast period | 2024–2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Environmental Sensor Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Environmental Sensor Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Environmental Sensor Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Environmental Sensor Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45A2251
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