Published Date: 28-Feb-2022
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According to a new report Global Environmental Sensor Market, published by KBV research, The Global Environmental Sensor Market size is expected to reach $2.3 billion by 2027, rising at a market growth of 8.4% CAGR during the forecast period.
The Temperature market acquired maximum revenue in the Global Environmental Sensor Market by Type 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $630.2 Million by 2027. The expanding acceptance of temperature sensors in portable electronics, technical improvements in sensors resulting in smaller sensors, and growing preference for residential and smart city projects are only a few of the factors boosting the demand of this segment.
The Commercial market is leading the Global Environmental Sensor Market by End User 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $666.5 Million by 2027. This is due to the high utility of these sensors in effectively monitoring temperature, humidity, light, noise, air pressure, and air quality in a workspace. The Workplace Occupancy & Environmental Sensor platform combines occupancy and environmental data to give businesses the knowledge they need to make informed and cost-effective workplace decisions.
The Asia Pacific market dominated the Global Environmental Sensor Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $905.3 Million by 2027. The Europe market is anticipated to grow a CAGR of 7.9% during (2021 - 2027). Additionally, The North America market would showcase a CAGR of 7.7% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Robert Bosch GmbH (Bosch Sensortec GmbH), ABB Group, Texas Instruments, Inc., AMS AG, Honeywell International, Inc., Omron Corporation, Schneider Electric SE, STMicroelectronics N.V., Amphenol Corporation, and Sensirion AG.
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