Lucintel Forecasts Environmental Sensor Market to Reach $1.9 Billion by 2028

Market-Research

According to the recent study the environmental sensor market is projected to reach an estimated $1.9 billion by 2028 from $1.3 billion in 2023, at a CAGR of 8.5% from 2023 to 2028. Growth in this market is primarily driven by increasing use of environmental sensors in consumer goods like HVAC (heating, ventilation, and air conditioning) and air purifiers, and stringent government regulations to control air pollution.

A more than 150 – page report is developed to understand trends, opportunities and forecast in environmental sensor market by product type (temperature, humidity, air quality, ultraviolet, integrated, soil moisture, and water quality), location (indoor, outdoor, and portable), application (smart home automation, smart office automation, smart city, and others), end use industry (commercial, enterprise, consumer electronics, residential, healthcare and pharmaceutical, government agencies and public utilities, and industrial), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link https://www.lucintel.com/environmental-sensor-market.aspx

“Indoor market is expected to remain the largest segment during the forecast period.”

Based on location, the environmental sensor market is segmented into indoor, outdoor, and portable. Lucintel forecasts that the indoor market is expected to remain the largest segment due technological advancements, such as Wi-Fi, ZigBee, and bluetooth has increased the usage of these sensors in monitoring air quality of indoor environment.

“Within the environmental sensor market, the smart city segment is expected to remain the largest application”

Based on application the smart city segment is expected to witness the highest growth over the forecast period due to the increasing usage of environmental sensors to track CO2, noise, light, temperature, and humidity in the smart city environment.

“North America will dominate the environmental sensor market in near future”

North America will remain the largest region due to the increasing application of these sensors in the commercial and HVAC applications and strict government regulations for the protection of the environment in the region.

Download Brochure of this report by clicking on https://www.lucintel.com/environmental-sensor-market.aspx

Major players of environmental sensor market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Bosch Sensortec, Sensirion, ams AG, Honeywell, and Siemens are among the major environmental sensor providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/environmental-sensor-market.aspx or helpdesk@lucintel.com

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
 

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