The global environmental sensor market is estimated to grow from USD 1.5 billion in 2021 to USD 2.7 billion by 2027, at a CAGR of 10.3%.
Stringent environmental regulations to reduce air pollution is one of the major drivers for the environmental sensor market. The technological advancements in IOT and cloud-based services and growing adoption of environmental sensors in products such as consumer devices, HVAC, and air purifiers are driving the growth of market. Moreover, growing adoption of environmental sensors in consumer electronics and government and public utility verticals will drive the demand for this technology in the near future.
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Indoor environment sensors to have the largest market size in location segement of the market
Indoor environment quality is represented by pollutant concentration and thermal (temperature and relative humidity) conditions that affect the health and well-being of the occupants. At times it is observed that indoor air is more contaminated than outdoor air. While pollutant levels from individual sources may not pose a significant health risk, as most homes have more than one source contributing to indoor air pollution, there can be serious risks from the cumulative effects of these sources. Due to advancements in technology, wireless networks, such as Bluetooth, Wi-Fi, and ZigBee, have started to gain importance to monitor indoor environment quality. Also, cloud-based storage and big data analytics solutions help in viewing, storing, and analyzing the overall data. Indoor sensors are used to monitor environmental factors such as temperature, humidity, pressure, and air quality.
Smart city to have significant market size in terms of application of environmental sensor market
The environmental sensor market for the smart city application is mainly driven by environmental monitoring and control systems used to measure temperature, air, humidity, smoke, ultraviolet radiations, water quality, and others. The sensors provide the environmental monitoring of five significant factors CO2, noise, light, temperature, and humidity, and ensure that effective controls are in place to quickly make changes to alter the output. The systems can be used individually or can be integrated into smart application systems used for various other applications in maintaining sustainability in the city.
US to lead the environmental sensor market in North America during forecast period
The market for environmental sensors in the US is large as there is a major demand for environmental sensors in HVAC and commercial applications. The US Environmental Protection Agency (EPA) is among the leading agencies in standardizing and setting rules and regulations with regard to environmental monitoring across the world. The regulations set by EPA are stringent and have precise guidelines with regard to the implementation of environmental sensors in various industries. The environmental awareness among US citizens is comparatively higher than the citizens of other countries. The rules and regulations of the US government are expected to boost the adoption of environmental sensors in the country.
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