Environmental Sensor Global Market Report 2024

Environmental sensors are devices designed to monitor the surrounding environment and furnish real-time data encompassing factors such as temperature, humidity, wind speed and direction, and rainfall. These sensors play a pivotal role in capturing, storing, analyzing, and precisely measuring crucial environmental data through the utilization of Data Center Infrastructure Management (DCIM) software.

The primary categories of environmental sensors include temperature, humidity, air quality, water quality, integrated, gas, chemicals, smoke, ultraviolet (UV), and soil moisture sensors. For instance, temperature sensors such as thermocouples are incorporated in the environmental sensor market to gauge temperature by assessing variations in electrical current resistance. These sensors find applications across diverse sectors such as smart home automation, factory automation, smart cities, automotive powertrain systems, energy harvesting, and more, catering to industrial, residential, commercial, automotive, government and public utilities, and various other end-users.

The environmental sensors research report is one of a series of new reports from The Business Research Company that provides environmental sensors market statistics, including the environmental sensors industry's global market size, regional shares, competitors with environmental sensors market share, detailed environmental sensors market segments, market trends and opportunities, and any further data you may need to thrive in the environmental sensors industry. This environmental sensor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

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 observed in the historical period can be ascribed to the processes of industrialization, a growing consciousness regarding the environment, strict environmental regulations, governmental efforts towards pollution control, and escalating apprehensions related to 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 anticipated growth in the forecast period can be linked to the uptake of wireless sensor networks, the proliferation of smart city initiatives, a focus on sustainable development, a heightened demand for real-time environmental monitoring, and increased investments in research and development of environmental sensors. Noteworthy trends expected in the forecast period involve the incorporation of artificial intelligence and machine learning in sensor data analysis, the expansion of wearable environmental sensors, a rising utilization of drone-based environmental monitoring, the creation of cost-effective sensor solutions, and an emphasis on achieving interoperability in sensor data.

The rapid integration of smart cities is poised to accelerate the growth of the environmental sensor market in the coming years. Smart cities, characterized by technologically advanced urban areas, utilize information and communication technology (ICT) to enhance operational efficiency, communicate information to the public, and improve public services and citizen well-being. Various environmental sensors are deployed in smart cities to gather electronic data on infrastructure and people, such as smart transportation systems offering traffic information and automatically processing toll payments, and smart energy systems minimizing downtime and damage to the electric grid. For example, as per the IMD Smart City Index (SCI) Report 2023 published by the International Institute for Management Development (IMD), the number of smart cities increased from 118 to 141 in 2021, marking a 20% growth since 2019. Consequently, the swift adoption of smart cities propels the environmental sensor market's growth.

The rising demand in the automotive industry is anticipated to drive the growth of the environmental sensor market in the future. The automotive industry encompasses activities related to the design, development, manufacturing, marketing, and sale of motor vehicles. Environmental sensors play a crucial role in the automotive sector, contributing to safety, efficiency, and comfort by providing essential data for various vehicle systems and features. For instance, data from the Board of Governors of the Federal Reserve System reveals that total vehicle production in the United States increased to 11.77 million units in July 2023, up from 10.91 million units in June 2023. Consequently, the increasing demand in the automotive industry acts as a driving force for the growth of the environmental sensor market.

Product innovation stands out as a prominent trend gaining traction in the environmental sensor market. Leading companies in the environmental sensor sector are actively engaged in the development of new and enhanced products, incorporating additional features to bolster their market position. A case in point is Zebra Technologies Corporation, a US-based mobile computing company specializing in real-time sensing, analysis, and action. In April 2023, the company introduced a new line of environmental sensors, including the ZS300 sensor, ZB200 bridge, and the Android Sensor Discovery app. This innovative range aims to enhance visibility in sectors such as food, pharmaceuticals, and healthcare, with the ZB200 bridge facilitating seamless data transfer from multiple Zebra electronic sensors to the cloud for immediate access.

Major players in the environmental sensor market are strategically focusing on wireless sensor innovations to enhance their market share. Wireless environmental sensors are designed to measure and transmit data about various environmental conditions without the need for physical connections or wires. An example is the launch of the RICOH EH Environment Sensor D201/202 by the Japanese electronics manufacturer Ricoh Company Ltd. in September 2021. This sensor features battery-free operation, wireless connectivity (Bluetooth and Wi-Fi), and adaptability to diverse environments. Offering real-time monitoring and customizable alerts, it streamlines environmental management while contributing to digital transformation by eliminating manual recording and wiring.

In December 2022, Interlink Electronics Inc., a US-based computer hardware and technology company, completed the acquisition of the businesses of SPEC Sensors and KWJ Engineering for $2 million. This strategic move positions Interlink to expand its product offerings and resources in the US market. The acquisition also brings in valuable engineering expertise and patented technology in gas and environmental air quality sensors. SPEC Sensors LLC, a US-based high-performance gas sensor manufacturer, offers accurate measurements of pollutant gases, while KWJ Engineering Inc., also based in the US, specializes in gas, air, and environmental sensors for detecting and monitoring various gases and environmental pollutants.

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.

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 countries covered in the environmental sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The environmental sensors market consists of sales of rainfall sensors, light sensors, wind speed sensors, direction sensors, gypsum blocks, tension meters, capacitance, volumetric, and neutron probes. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Environmental Sensor Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on environmental sensor market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for environmental sensor ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The environmental sensor market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 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
• Companies Mentioned: Siemens AG; Schneider Electric SE; Honeywell International Inc.; ABB Ltd.; Texas Instruments Incorporated
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.