Environmental Sensors Market Size

Environmental Sensors Market Analysis

The environmental sensors market is expected to grow by registering a CAGR of 9.25% during the forecast period. The market for environmental sensors is anticipated to experience considerable growth potential due to the rise in pollution yearly brought on by increased air travel, autos, and other factors. The development of Industry 4.0, which develops a market for environmental sensors, adds to this.

• The growth of the global population has led to increased industrial development and activity simultaneously. The unsustainable practices across industries have resulted in rapid degradation of soil, air, and water quality worldwide, which has, in turn, led to an increase in the demand for devices that can help detect environmental changes.
• The environmental sensor market is supported by the growing number of government initiatives for curbing environmental pollution. For instance, the government's increasing focus worldwide on monitoring ecological pollution and reducing the number of deaths due to gaseous pollution is anticipated to increase environmental sensors' demand.
• Further, with the Industry 4.0 developments, environmental sensors are expected to collectively reap the benefits of multiple innovative and brilliant city initiatives. For instance, machine-to-machine (M2M) is scheduled to include interaction between technologies (such as factory floor sensors) to enhance manufacturing processes and safety.
• Companies are focused on providing industrial sensors dedicated to the chemical industry to cater to various needs. For instance, Sensortech Systems offers RF Series moisture sensor that includes moisture measurement for powdered chemical products. The company also gives IR Series moisture analyzers that provide a non-contact continuous online moisture measurement. This line of sensors further automation in chemical industries.
• However, lack of awareness, budgetary constraints to adopting new technology, and regularity models are the restraints to the growth of environmental sensing.
• Though the pandemic has increased concerns in the industrial sector, it has decreased pollution across the globe. One of the most tangible and immediate environmental manifestations of the coronavirus pandemic has been ameliorated air quality due to reduced air pollutant emissions. This is because lockdowns and closures worldwide led to reduced energy consumption, transportation use, and oil demand. In China, for instance, the emission of NO2 (nitrogen dioxide) dropped by 70% between January and February, according to a study published in May in the multidisciplinary journal Air Quality, Atmosphere, and Health. In India, a reduction of 20-30% was noted.