Environmental Sensor Market to Reach $3.86 Bn, Globally, by 2030 at 9.7% CAGR: Allied Market Research
PORTLAND, Ore., Jan. 13, 2022 /PRNewswire/ — Allied Market Research published a report, titled, “Environmental Sensor Market by Type (Humidity, Temperature, Pressure, Gas, and Others) and End User (Industrial, Residential, Commercial, Automotive, Government & Public Utilities and Other): Global Opportunity Analysis and Industry Forecast, 2020–2030.” According to the report, the global environmental sensor industry generated $1.43 billion in 2020, and is estimated to reach $3.86 billion by 2030, witnessing a CAGR of 9.7% from 2021 to 2030.
Drivers, Restraints, and Opportunities
Increase in use of environmental sensors in industrial and manufacturing sectors, stringent government regulations on pollution control, and rise in demand of environmental sensors in agriculture sector drive the growth of the global environmental sensor market. However, lack of awareness and limited life span restrain the market growth. On the other hand, surge in smart home initiatives and technological advancements in IoT and cloud-based services create new opportunities in the coming years.
Download Sample Report (Get Full Insights in PDF – 295+ Pages) @ https://www.alliedmarketresearch.com/request-sample/13261
- Production facilities in the electronics and semiconductors sector have been halted due to lockdown restrictions, unavailability of the sufficient workforce, and disrupted supply chain worldwide. This affected the production volumes of environmental sensors.
- Moreover, the demand from applications sectors such as residential, commercial, industrial, automotive, and others decreased considerably due to stoppage of daily operations and maintenance activities during the lockdown. However, the demand is estimated to regain post-lockdown as new installation activities begin and production facilities begin to operate with full capacity.
The Temperature Segment to Maintain Its Leadership Status During the Forecast Period
Based on type, the temperature segment accounted for the highest share in 2020, contributing to nearly one-third of the global environmental sensor market, and is estimated to continue its lead position throughout the forecast period. Moreover, this segment is projected to manifest the largest CAGR of 10.8% from 2021 to 2030. This is attributed to ability to send data in real time with high accuracy rate, compact size of sensors, and wireless connectivity that offers flexible mobility to assess data. The research also analyzes the segments including humidity, pressure, gas, and others.
Interested to Procure the Data? Inquire Here @ https://www.alliedmarketresearch.com/purchase-enquiry/13261
The Government and Public Utilities Segment to Maintain Its Dominant Share During the Forecast Period
Based on end user, the government and public utilities segment held the highest share in 2020, contributing to more than one-fourth of the global environmental sensor market, and is projected to maintain its dominant share during the forecast period. This is due to agreements and collaborations with various companies and installation of new sensors under rules and regulations of government jurisdictions. However, the commercial segment is expected to manifest the highest CAGR of 11.9% from 2021 to 2030. This is due to improvement of links between data collection and downstream activities, potential to widen the scope of application systems and fields, and excellent integration of stakeholder engagement and sustainable operations to enable longer and greater societal impacts.
Asia-Pacific, Followed by North America, to Maintain Its Leadership Status By 2030
Based on region, Asia-Pacific, followed by North America, contributed to the highest market share in 2020, holding nearly two-fifths of the global environmental sensor market, and is projected to maintain its leadership status by 2030. Moreover, this segment is expected to witness the fastest CAGR of 11.0% during the forecast period. This is attributed to technological developments in emerging economies and high demand for smart homes in smart cities. The other regions analyzed in the report include North America, Europe, and LAMEA.
Enquire for Customization with Detailed Analysis of COVID-19 Impact in Report @ https://www.alliedmarketresearch.com/request-for-customization/13261?reqfor=covid
Leading Market Players
- AMS AG
- Bosch Sensortec
- Honeywell International Inc.
- Omron Corporation
- Schneider Electric
- Texas Instruments
Access AVENUE – A Subscription-Based Library (Premium On-Demand, Subscription-Based Pricing Model) @ https://www.alliedmarketresearch.com/library-access
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world’s largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request For 14 Days Free Trial of Before Buying:
Pre-Book Now With 10% Discount:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free):
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on LinkedIn and Twitter
SOURCE Allied Market Research