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Environmental Sensor Market Size, Share, Growth, Trends, and Revenue Analysis, 2013 – 2028




 

The global environmental sensor market is set to grow exponentially in the forthcoming years. Environmental monitoring system or software calculates the real-time climatic conditions to maintain facility security. The consumer electronics sector is anticipated to expand exponentially owing to factors such as smart devices such as tablets and wearable sensors. Rising government interest in developing smart city applications is further driving the adoption of environmental sensors.

The increasing health safety concerns and stringent regulations to reduce air pollution are driving the growth of environmental sensor market. A major shift from the use of standalone devices to integrated sensors, which can single-handedly measure all the parameters such as UV radiation, humidity, temperature, and changing climatic conditions are in demand. The market for integrated and portable sensors is expected to grow at highest CAGR during the forecast period.

Environmental sensor market has been categorized into North America, Europe, South America, the Middle East & Africa, and Asia Pacific based on the regional segmentation. Upscaling adoption of latest technologies in the manufacturing of environmental sensors has empowered North America to emerge as the largest revenue generating region.

The presence of a huge consumer electronics market in China and Japan has significantly boosted sales in the Asia Pacific region. Also, the rising awareness related to environmental sustainability is further driving the growth of the market in this region. Environmental sensor market has also witnessed huge traction across the healthcare industry. Maintaining environmentally sustainable workflow in medical institutions and hospitals has exponentially increased the use of environmental monitoring sensors. The stringent export reforms in the developing countries is a key restraining factor and, therefore, it is hampering the market?s further growth.

The market is segmented as portable and fixed sensors based on product type. A rise in the popularity of smartphones has attributed to a demand for portable environment sensors. Smart home systems have been identified as the latest trend and is further propelling the market demand.

Industries such as construction, aviation, oil and gas and agriculture and the prominent end user of the environmental sensors. Due to the rising interests of stakeholders and private organizations in installing environmental monitoring sensors, the market is expected to grow at the highest rate during the forecast period.

The environmental sensors market is dominated by the presence of some key players such as ams AG, Powelectrics Texas Instruments Incorporated, Toshniwal Sensing Devices Pvt. Ltd., Sensirion AG Switzerland, Eurotech, Omega Engineering Inc., EKO Instruments B.V, Earth Sciences, Raritan Inc, Winsen NESA Srl, and Servoflo Corporation among others. Adoption of advanced technologies such as big data, Hadoop and IOT has resulted in a shift from on-premise systems to integrated sensor services.

The altering market dynamics can be attributed to major merger and acquisition activities, collaborations and joint ventures amongst the industry competitors. Powelectrics Texas Instruments Incorporated has launched high precision digital sensors, which wirelessly communicates with the HVAC system and monitors a wide range of climatic conditions.





Posted by on 3. January 2020. Filed under Electronics & Semiconductors, Picture Gallery. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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