Environmental Sensors Market

Market Overview and Growth Rate

The global environmental sensors market in 2021 was at $1.4 billion that is expected to grow at a compound annual growth rate (CAGR) of 9.25% over the forecast period to $2.17 billion at the end of this period. Pollution rates have been rising annually due to increased emission of greenhouse gases in the atmosphere. This trend is expected to boost the environmental sensors market in the forecast period. Industry 4.0 is also growing, supplementing the growth of environmental sensors market.

The trends in the environmental sensors market include the downsizing the sensor to nanoscale, capability of sensing real time environment, operation on a wireless network, increased sensibility, and fast processing.

Environment monitoring is a helpful technique, required for the protection of the environment and the people from contaminants and poisonous pathogens being released in air, water and soil. Environmental sensors satisfy the requirements of forest fire detection, air pollution monitoring, greenhouse gas, and landslide detection monitoring. Temperature and humidity air quality control are among the many applications of environment sensing technology. With a wide variety of applications, environmental sensors market is expecting a high growth rate. Agriculture and industrial sector fuel the growth of the market.

Environmental sensors market is anticipated to take advantage of smart city initiatives and multiple automation systems. The promotion of smart homes along with the initiative of building green is targeted to protect the environment by aiming to reduce carbon footprints, saving on the consumption of natural resources, incorporating renewable energy sources for power and providing a comfortable indoor environment. With the support of government initiatives and customer demand, the concept of green building is gaining recognition. Environmental sensors are important devices to monitor safety of the environment. Dire need of tackling the degradation of pollution is forcing the government to regulate pollution by launching initiatives to protect the environment. These initiatives drive the demand for environmental sensors.

Impact of Covid-19 on the Environmental Sensors Market

Sensors connect the user with the environment. Sensors provide a sense of security to the user. Covid-19 has brought the world into a standstill shattering the future prospects of various businesses. Economy has been badly hit. The worldwide lockdown entirely disrupted the supply chain temporarily halting several businesses. Among these damages, sensors market has come out without severe damages and it is expected that the market growth will surge in the coming years due to growing concerns of safety and environment among individuals. Environmental sensors detect and monitor the nearby environment of the individual assuring the user of his surroundings. It is expected that the coronavirus effect for the sensors market will be positive in the coming years.

Environmental Sensors Market – Market Dynamics

Drivers:

• Growing population causing global climate change has raised awareness among governments, forcing them to devise policies and invest heavily in the protection of the environment. Environment sensors market is benefitting with the growing concern of environment protection across the globe.
• Internet of Things (IoT) technology has a significant role in the development of environment sensing technology driving the market growth.
• Increased Research & Development activities due to the growing awareness and rapid technology upgradation support the environmental sensors market growth.
• Stringent laws to control the pollution levels of industrial and manufacturing sectors make environmental sensors popular in those sectors. Initiatives of the government to provide emission allowances influence the market growth.
• In the agricultural sector, growing demand intelligent communication systems along with smart detection, monitoring, and control promote the market growth.
• The global environmental sensors market caters to the needs of oceanic, terrestrial, and atmospheric environments which makes the size of the market vast.
• The development of Micro Electromechanical Systems (MEMS) has been encouraging the usage environmental sensors. Market growth is expected in the forecast period driven by the development of MEMS.

Restraints:

• Lack of awareness in the market restricts the growth of the consumer base.
• Another restraint in the growth of environmental sensors market is budgetary constraints to of the consumer. Expensive installation of the technology limits the number of customers. The market growth is also restricted by differential standards and regulatory models.
• Illegal infringement of patented technology and more number of counterfeits acts as a restraint.

Recent Developments

In 2018, Omron had launched a USD type version of its environment sensor named 2JCIE. The product was designed to sense a range of environmental conditions. It featured connectivity via Bluetooth or USB. The sensors combines humidity, light, barometric pressure, VOC, and sound sensors along with 3-axiz accelerometer.

In April 2018, a new product by the name SGPC3 was developed by Sensirion. It is an ultra-lower gas sensor. It detects indoor air quality for battery driven applications or mobile. They had the capability to determine alcohol content through individual’s breathe and recognize various smells.

Related to mergers & acquisitions, TE Connectivity has made the announcement of the acquisition of American Sensors Technology.

Environmental Sensors Market – Market Segmentation

Product Type:

• Temperature
• Humidity
• Ultraviolet
• Water quality
• Moisture
• Fluid
• Chemical
• Others

Technology:

• Remote sensing
• GPS
• Radon
• Monitoring technologies
• Terrestrial sensing
• Others

User:

• Consumer Electronics
• Industrial and Commercial
• Healthcare
• Agriculture
• Waste Water Management
• Others

Environmental Sensors Market – Segmentation Growth

By Product type, ultraviolet and temperature segment are expected to register the highest compound annual growth rate (CAGR) over the forecast period among others.

By Technology, in the global environmental sensors market, the segments in the technology segmentation which are expected to growth at the highest compound annual growth rate (CAGR) are remote sensing technology segment and GPS technology segment.

By End User, earlier in the year 2017, consumer electronics segment, and industrial and commercial segment held the majority of the environmental sensors market share.

Environmental Sensors Market – Geographical and Regional Presence

The global market has been divided into five major key region: North America, Latin America, Europe, Asia Pacific, Middle East and Africa.

Asia Pacific is the industrial hub of the world with China being the leading manufacturer. Asian countries have been industrializing on a large scale. Therefore, the environmental sensors market in Asia Pacific regions holds a significant share in the global market. Consumer Electronics and Pharmaceuticals companies are targeting the Asia Pacific region to run operations and manufacturing units. Environmental sensors market is expected to prosper in the region over the forecast period. The CAGR in the Asia Pacific region is expected to be in double digits. Market in Asia Pacific region is also driven by water scarcity, expensive fresh water and immediate need to control air pollution.

North American market is expected to succeed Asia Pacific in terms of market share in the forecast period due to the technological advancements in the local countries. The market in the European and Middle East & Africa region is expected to grow owing to the government initiatives for environment protection.

Environmental Sensors Market – Competition in the marketplace

The key strategy applied by the major players involve collaboration, or mergers & acquisitions with their competitors to enhance the output of both the players.

There is an intense competition in the global environmental sensors market based on price. The market of developed countries is being penetrated by the local players of developing countries by offering efficient environmental sensors at an affordable rate.

The market in being hindered by counterfeits and illegal infringement of technology which has already been patented. This causes tension among the competitors and brings fierce competition in the marketplace.

Environmental Sensors Market – Key Players

• Siemens
• AG
• Sensirion
• Analog Devices
• TE Connectivity
• Honeywell International
• Texas Instruments
• Lockheed Martin
• Omron Corporation