DUBLIN, March 10, 2022–(BUSINESS WIRE)–The “Global Environmental Sensor Market By Type and By End User, by Regional Outlook, Industry Analysis Report & Forecast, 2021-2027.”Report has been added ResearchAndMarkets.com’s offering.
The Global Environmental Sensor Market will reach $2.3 Billion by 2027, with a market growth rate of 8.4% during the forecast period.
The sector of environmental sensors is expected to generate moderate income with R&D and testing towards the sensor. The environmental sensors sector, on the other side, is nearing maturity and is expected to generate moderate revenue for major companies in the future.
COVID-19 Analysis of Impact
The continued expansion of COVID-19 has become one the most serious economic risks in the world, causing widespread anxiety and economic suffering for businesses and consumers around the globe. The “new normal”, which includes social isolation, working from home (WFH), has caused difficulties in daily activities, routine work and supplies, leading to missed opportunities and delayed projects.
The COVID-19 epidemic has had a profound impact on society worldwide. The impact of the outbreak on the supply chain is growing every day. This has led to stock market uncertainty and lowered corporate confidence. Supply chains have been affected, which has impacted customers’ fears.
Market Growth Factors
Use in the industrial and manufacturing sector
A sensor is an equipment that uses modern wireless technology in order to sense its surroundings and transmit real time data. Sensors are vital in factories and automation as they allow machines to communicate with each other and allow them to track and control each other. Sensors can be classified according to their use and appropriateness. Some sensors can be mass-produced while others can be tailored to the customer’s needs. Sensors are used in the medical, industrial, racing and aerospace industries.
Stringent environmental regulations and advancements in IoT/cloud-based services
Pollution is a problem in cities. It is caused when pollutants are introduced into the environment. This can lead to harmful changes in ecosystems. The use of environmental sensors to monitor soil and water contamination has become more restricted as people become more aware about the dangers posed from harmful gas emissions from businesses. The market for environmental sensors is being driven by strict guidelines and laws from various governments around the globe.
Marketing Restraining Factor
Advanced sensor applications require high performance.
The specifications of environmental sensors will vary depending upon the application and technology used. These sensors must meet stringent size and power consumption standards for consumer electronics applications. In such cases, it can be very difficult to integrate many sensors with consumer applications like smartphones. Additionally, sensor specifications can change depending on the industry or sector. Gas sensing characteristics in automobiles differ from those in oil and gas. This means that gas sensor quality standards for advanced applications are crucial.
Type Outlook
The market is divided by type into Temperature and Gas, Humidity, Pressure, or Other. In 2020, the market for environmental sensors was dominated by the Gas segment. Because toxic gases in the environment also cause one out of four deaths and have an impact on children’s health, this is why it is so important to be a part of the overall environmental sensor market in 2020. Indoor and outdoor pollution was the fourth leading cause worldwide of death in 2016. Therefore, all current structures, including offices, government officials, and institutions, are equipped with precise and effective gas sensors.
End User Outlook
The market can be divided by End User into Residential, Commercial, Government & Public Utilities and Automotive. In 2020, the market for environmental sensors was dominated by the Government and Public utilities segment. This is due to increasing concerns about extreme environmental conditions. Many governments have started to set up weather monitoring sites. The rise in weather monitoring stations within smart city initiatives in government vertical has led to an increase in demand for environmental sensors. This is a result of government programmes like smart cities.
Regional Outlook
The market is divided into North America and Europe, Asia Pacific, Latin America, Middle East, Africa, and Asia Pacific based on Regions. The dominant region was the Asia Pacific. This is due in part to the growing use of smart phones in APAC, which has opened the door for environmental sensors to be more widely integrated into these smart devices.
Cardinal Matrix – Environmental Sensor Market Competition Analysis
Product Launches is the dominant strategy of market participants. Based on the Analysis in the Cardinal matrix, Honeywell International, Inc., ABB Group, Texas Instruments, Inc., and Texas Instruments, Inc. are the leaders in the Environmental Sensor Market. The Market is dominated by companies such as Schneider Electric SE, Robert Bosch, Amphenol Corporation, and Schneider Electric SE.
The market research report analyzes key stakeholders in the market. The report includes profiles of key companies such as:
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Robert Bosch GmbH (Bosch Sensortec GmbH)
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ABB Group
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Texas Instruments, Inc.
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AMS AG
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Honeywell International, Inc.
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Omron Corporation
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Schneider Electric SE
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STMicroelectronics N.V.
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Amphenol Corporation
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Sensirion AG
Partnerships, collaborations and agreements
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April 2021: Sensirion teamed with speers AG Tagerwilen. This collaboration was intended to create an innovative concept to store and evaluate air-quality data. Automated monitoring and control of air quality will be possible by using the s-peers concept and Sensirion’s top environmental sensors.
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Jan-2021: ABB partnered ACA Systems, a leading supplier of porosity sensor technology. This partnership was intended to provide paper mill users with a reliable technology that can stabilize the process and allow for excellent roll quality when measuring porosity online.
Product launches and product expansions
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Oct-2021: ams released an ambient light sensor that uses proprietary UV-A detection. For many years, smartphones & smartwatches were capable of monitoring vital signs such as pulse or oxygen saturation.
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Oct-2021: Honeywell introduced two new Bluetooth-connected gas detectors. These detectors are capable of monitoring dangerous gases in all weather conditions, including rain, snow, and fog. This helps facilities keep their petrochemical and oil and gas plants, workers, and industrial sites protected.
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Oct-2021: ABB’s latest FusionAir Smart Sensor was launched. It is a touch-free sensor that can be used in any room. This sensor can be equipped with optional room control sensors to monitor the temperature, CO2, humidity, and VOCs.
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Oct-2021: Sensirion introduced SHT41, and SHT45 new versions of its fourth generation humidity sensors. These sensors offer more precise temperature and humidity specifications, which is a new technology standard.
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Aug-2021: Sensirion introduces three flow sensors for respiratory applications. All three products are sophisticated sensors that belong to the SFM3xxx platform. These sensors are perfect for inspiratory purposes at ambient pressure. The SFM3003 has a longer flow range of -150 to 300 slm. The SFM3013 is resistant and calibrated for Heliox. Additionally, the SFM3119 has a digital sensor that joins the SFM31xx series.
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June 2021: Texas Instruments introduced the first devices in a new range of humidity sensors. Engineers can now develop more reliable automotive and industrial systems with the HDC3020 and HDC3020 Q1 devices. These devices will help them to deal with potential moisture damage and adapt to changing water vapor conditions.
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April 2021: Honeywell has released its gas cloud imagery (GCI) system to Europe. This system will provide continuous monitoring of the continent for harmful and polluting gas leaks like methane at power generation, oil and gas facilities, and chemical plants.
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April 2021: Bosch Sensortec unveils an environmental MEMS sensor with AI-based software to reduce the chance of virus infection. These sensors are expected to add value to customers and enable Bosch Sensortec increase its focus on hardware-software collaboration by using advanced algorithms and embedded AI.
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Mar-2021: Bosch Sensortec releases the BMP384, a robust and compact barometric pressure sensors. This sensor is ideal for use in home appliances, wearables, as well as industrial applications in harsh environments. It has a high performance rating and low power consumption.
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Nov-2020: Honeywell has introduced Honeywell Electronic Air Cleaners with UV Systems and a new range of indoor air quality (IAQ), sensors to expand its holistic Healthy Buildings Air Quality offering. This expansion will help improve and measure indoor air quality in commercial buildings.
Acquisitions and Mergers
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Sep-2021: Sensirion acquired AiSight (an innovative supplier of machine diagnostics solutions that scale easily and are cost-effective). This acquisition was done to support and grow Sensirion’s business. AiSight’s technology is expected help manufacturing companies reduce unplanned downtime, and improve their production process quality.
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April 2021: Amphenol Corporation purchased MTS Systems Corporation (a global supplier of industrial position sensors and test systems) This acquisition was intended to increase the strength and breadth of Amphenol Corporation, MTS Systems Corporation, and to enhance their sensor product portfolios.
For more information, visit this report https://www.researchandmarkets.com/r/pg8wc6
Businesswire.com – View the source version https://www.businesswire.com/news/home/20220310005624/en/
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