Global Environmental Sensors Market Worth $2.3 Billion by 2027 – Trends, Opportunities, and Projections by Type, End-User, Region, and Company – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The report “Global Environmental Sensors Market by Type, By End User, By Regional Outlook, Industry Analysis Report, and Forecast, 2021-2027” has been added to from ResearchAndMarkets.com offer.

The global environmental sensors market is expected to reach $2.3 billion by 2027, growing the market at 8.4% CAGR during the forecast period.

With spending directed towards R&D and testing towards the environmental sensor, the environmental sensor industry is expected to generate moderate revenue over the next few years. Environmental sensors, on the other hand, are approaching maturity and are expected to provide moderate revenue to large companies in the future.

COVID-19 Impact Analysis

The continued expansion of COVID-19 has become one of the world’s most serious economic risks, causing widespread anxiety and economic suffering for consumers, businesses and communities around the world. The “new normal”, which includes social isolation and working from home (WFH), has led to difficulties in daily activities, routine work, demands and supplies, resulting in missed prospects and delayed projects.

The COVID-19 pandemic has had a global influence on society and the economy. The impact of the epidemic on the supply chain has increased day by day. This has caused uncertainty in stock markets, as well as declining business confidence, hampered supply chains and heightened customer concern.

Market Growth Factors

Use in industrial and manufacturing sectors

A sensor is a piece of equipment that uses modern wireless technology to perceive its environment and transmit data in real time. Sensors are crucial in factories and automation because they connect different devices and systems and allow machines to interact in order to track systems and equipment. Sensors are classified according to their relevance and use. Some sensors are mass-produced, while others are tailored to meet customer needs. The medical, industrial, racing, aerospace and agricultural sectors all use sensors such as location, pressure, light, flow, force, temperature and ultraviolet (UV) sensors. ).

Strict environmental standards and continuous progress in IoT and cloud-based services

Pollution is a problem in cities and towns, and it is produced by the introduction of pollutants into the environment, which causes harmful changes in the ecosystem. As people become more aware of the dangers posed by harmful gas emissions from various companies, the use of environmental sensors has become more regulated to keep a record of water and soil contamination. Various governments across the globe have enacted strict guidelines and laws encouraging the use of environmental monitoring systems, which is driving the environmental sensor market.

Marketing Limiting Factor

Advanced sensor applications have stringent performance requirements

Specifications for environmental sensors vary depending on the application and technology employed. These sensors must meet stringent size and power consumption standards in consumer electronics applications. Integrating many different sensors with consumer applications, such as smartphones, becomes extremely difficult in such cases. Additionally, if the industry or sector changes, the specifications of the sensor also change. For example, gas detection characteristics in the automotive industry differ from those in the oil and gas industry; therefore, gas sensor quality standards in advanced applications become crucial.

Type Outlook

Based on type, the market is segmented into temperature, gas, humidity, pressure and others. The Gas segment held a major revenue share of the overall environmental sensors market in 2020. Indeed, toxic gases in the environment are also responsible for one in four deaths and impact the health of children. In 2016, more than 7 million people died from indoor and outdoor pollution, making it the fourth leading cause of death worldwide. As a result, the current structures, industries, officials and institutes are well equipped with efficient and accurate gas sensors.

End User Perspectives

On the basis of end user, the market is segmented into commercial, residential, government & public services, automotive, industrial and others. The Government and Utilities segment generated a major share of revenue in the global environmental sensor market in 2020. This is due to growing concerns over extreme environmental conditions, which has led governments in many countries to push the establishment of sites weather monitoring. The increased demand for environmental sensors has resulted from the increase in the number of weather monitoring stations in smart city initiatives in the government sector, due to the increase in government programs such as smart cities.

Regional outlook

Based on regions, the market is segmented into North America, Europe, Asia-Pacific and Latin America, Middle East & Africa. Asia-Pacific has become the dominant region. This is due to factors such as the growing use of smart devices in APAC, which paves the way for the increasing penetration of environmental sensors in these smart devices.

Cardinal Matrix – Environmental Sensors Market Competitive Analysis

The major strategies followed by market players are product launches. Based on the analysis presented in the cardinal matrix; Honeywell International, Inc., ABB Group, Texas Instruments, Inc. are the forerunners in the environmental sensor market. Companies such as Amphenol Corporation, Robert Bosch and Schneider Electric SE are among the leading innovators in the market.

The market research report covers the analysis of major market players. Key companies profiled in the report include:

  • Robert Bosch GmbH (Bosch Sensortec GmbH)

  • ABB Group

  • Texas Instruments, Inc.

  • AMS S.A.

  • Honeywell International, Inc.

  • Omron Company

  • Schneider Electric SE

  • STMicroelectronics SA

  • Amphenol Corporation

  • Sensirion SA

Partnerships, Collaborations and Agreements

  • Apr-2021: Sensirion has partnered with s-peers AG from Tagerwilen. This collaboration aimed to develop an innovative concept for storing, evaluating and predicting air quality data. Using the concept of s-peers and the use of Sensirion’s leading environmental sensors, automated air quality monitoring and control should become a reality.

  • Jan-2021: ABB has partnered with ACA Systems, the leading supplier of porosity sensors. This partnership aimed to provide stationery users with proven technology, which helps stabilize the process to enable excellent roll quality when measuring porosity online.

Product launches and product extensions

  • Oct-2021: ams released an ambient light sensor with proprietary UV-A light detection. Monitoring vital signs such as pulse or blood oxygen saturation via smartphones and smartwatches has been available for many years.

  • Oct-2021: Honeywell has unveiled two new Bluetooth connected gas detectors. These detectors help provide constant monitoring for hazardous gases even in rain, fog, snow and other inclement weather, helping facilities keep their petrochemical, oil and gas, chemical and other workers and sites safe. industrial.

  • Oct-2021: ABB has launched its latest FusionAir Smart Sensor, a non-contact room sensor. This sensor has optional room control sensors to monitor temperature, carbon dioxide (CO2), humidity and VOCs.

  • Oct-2021: Sensirion has launched SHT41 and SHT45, two new versions of its fourth generation humidity sensors. These sensors provide improved humidity and temperature accuracy specifications, setting the new market and technology standard.

  • August 2021: Sensirion introduced three flow sensors for respiratory applications. All three products are advanced sensors, which belong to the popular SFM3xxx platform and are ideal for ambient pressure inspiratory applications. The SFM3003 offers an extended flow range between -150 and 300 slm, and the SFM3013 is overpressure resistant and calibrated for heliox. Additionally, the SFM3119 has added a digital sensor to the SFM31xx series of compact sensors.

  • June 2021: Texas Instruments has released the first devices in a new family of humidity sensors. The HDC3020 and HDC3020-Q1 should enable engineers to develop more reliable industrial and automotive systems that help combat potential moisture damage and respond as needed to changing conditions from water vapor to over time.

  • Apr-2021: Honeywell launches its Gas Cloud Imaging (GCI) system in Europe. This system is expected to provide automated and constant monitoring of leaks of harmful and polluting gases like methane at oil and gas, chemical and power generation facilities on the continent.

  • Apr-2021: Bosch Sensortec has unveiled a MEMS environmental sensor and AI-based software to minimize the risk of virus infection. These sensors are expected to bring value to customers and also enable Bosch Sensortec to focus more on hardware-software co-design using advanced algorithms and embedded artificial intelligence.

  • March 2021: Bosch Sensortec launched the BMP384, a rugged barometric pressure sensor in a compact package. This sensor offers high performance and low power consumption, making it the ideal sensor for household appliances, portable devices and industrial applications in harsh environments.

  • November 2020: Honeywell has expanded its holistic air quality offering for healthy buildings by introducing Honeywell Electronic Air Purifiers (EACs) with UV systems and a new range of Indoor Air Quality (IAQ) sensors . This expansion is expected to help improve and measure indoor air quality in commercial buildings.

Acquisitions and mergers

  • September 2021: Sensirion has acquired AiSight, an innovative provider of scalable and easy-to-use machine diagnostic solutions. This acquisition was intended to support and expand Sensirion’s business, where AiSight’s technology is expected to enable manufacturing companies to reduce unplanned downtime and improve the quality of production processes.

  • Apr-2021: Amphenol Corporation acquired MTS Systems Corporation, a global supplier of industrial position sensors and test systems. This acquisition was intended to strengthen and expand Amphenol Corporation and MTS Systems Corporation and complement their sensor product portfolios.

For more information about this report visit https://www.researchandmarkets.com/r/pg8wc6

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