Sensing Change: Environmental Sensors Lead Market Report 2024

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Environmental Sensor Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $2.86 billion In 2028 At A CAGR Of 9.9%.

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.

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Environmental Sensor Market Major 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 Driver - 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.

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Prominent Trend - 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.

Environmental Sensor Market Players
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.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the environmental sensor market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the environmental sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Environmental Sensor Market Report Structure
3. Environmental Sensor Market Trends And Strategies
4. Environmental Sensor Market - Macro Economic Scenario
5. Environmental Sensor Market Size And Growth
…..
27. Environmental Sensor Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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