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What’s driving the global Environmental Sensor Market?

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What’s driving the global Environmental Sensor Market?

May 20
11:32 2022
What's driving the global Environmental Sensor Market?
Environmental Sensor Market
The Environmental Sensor Market is expected to reach USD 2.7 billion by 2027 from USD 1.4 billion in 2021, at a CAGR of 10.3%.

The global environmental sensor market is projected to grow USD 1.4 billion in 2021 to USD 2.7 billion by 2027, at a CAGR of 10.3%, owing to the increasing need for ambient intelligence and robust data analytics in various industrial sectors. The market is further expected to be fueled by the increasing deployment of smart cities, which are supported by intelligent infrastructure and advanced sensors that monitor environmental conditions.

Some of the key players in the global environmental sensor market include Bosch Sensortec (Germany), Sensirion (Switzerland), ams AG (Austria), OMRON (Japan), Honeywell (US), Raritan (US), Siemens (Germany), Texas Instruments (US), Schneider Electric (France), Amphenol (US).

Market Driving Factors

As the world becomes more interconnected, environmental concerns are on the rise. This has led to a demand for environmental sensors, which can collect data from various points around the world and provide insights into pollutants in the atmosphere, water quality, and energy usage. In addition to market drivers, this section will also discuss some of the key technology developments that are reshaping the global Environmental Sensor Market.

Drivers and Opportunities

The market is benefitting from increasing adoption of greener technology across industries and the increasing awareness about the importance of environmental protection. Additionally, there is a growing need to monitor environmental conditions in order to mitigate potential risks associated with them.

Some of the key drivers that are propelling the global environmental sensor market include an increase in government investments in research and development related to environmental monitoring, growing adoption of greener technology across industries, and an increase in demand for data analytics and real-time monitoring of environmental conditions. On the other hand, challenges faced by the market include inadequate infrastructure and lack of interoperability among sensors.

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In addition, the growing demand for advanced analytics and precision mapping capabilities is expected to drive the market growth. The development of smart cities and industrial plants are some of the major drivers of this market. Other key factors driving the market include growing concerns over air pollution, water scarcity, and land degradation.

Environmental Sensors Market Analysis (By Type)

The growing awareness about the need to protect the environment is fuelling the growth of the environmental sensor market.

The market is segmented into air quality, water quality, land use, climate, and others. Air quality sensors are majorly used in industrial areas such as factories and automotive plants. Water quality sensors are used for monitoring the cleanliness of water bodies such as rivers and lakes. Land use sensors are used for understanding land usage patterns and mapping out land cover changes over time. Climate sensors are used to understand weather patterns and forecast future weather conditions. Others include energy management sensors, building access sensors, and animal behavior sensors.

Some of the key factors driving the growth of the global environmental sensor market include the increasing awareness about the importance of environmental preservation, increased investment in environmentally friendly technologies, and growing demand from end-users for real-time insights into environmental conditions.

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