Increase in use of environmental sensors in industrial & manufacturing sectors and rise in demand of environmental sensors in agriculture sector drive the growth of the global environmental sensor market.
PORTLAND, Ore., Jan. 13, 2022 /PRNewswire/ — Allied Market Research published a report, titled, "Environmental Sensor Market by Type (Humidity, Temperature, Pressure, Gas, and Others) and End User (Industrial, Residential, Commercial, Automotive, Government & Public Utilities and Other): Global Opportunity Analysis and Industry Forecast, 2020–2030." According to the report, the global environmental sensor industry generated $1.43 billion in 2020, and is estimated to reach $3.86 billion by 2030, witnessing a CAGR of 9.7% from 2021 to 2030.
Drivers, Restraints, and Opportunities
Increase in use of environmental sensors in industrial and manufacturing sectors, stringent government regulations on pollution control, and rise in demand of environmental sensors in agriculture sector drive the growth of the global environmental sensor market. However, lack of awareness and limited life span restrain the market growth. On the other hand, surge in smart home initiatives and technological advancements in IoT and cloud-based services create new opportunities in the coming years.
Download Sample Report (Get Full Insights in PDF – 295+ Pages) @ https://www.alliedmarketresearch.com/request-sample/13261
Production facilities in the electronics and semiconductors sector have been halted due to lockdown restrictions, unavailability of the sufficient workforce, and disrupted supply chain worldwide. This affected the production volumes of environmental sensors.
Moreover, the demand from applications sectors such as residential, commercial, industrial, automotive, and others decreased considerably due to stoppage of daily operations and maintenance activities during the lockdown. However, the demand is estimated to regain post-lockdown as new installation activities begin and production facilities begin to operate with full capacity.
The Temperature Segment to Maintain Its Leadership Status During the Forecast Period
Based on type, the temperature segment accounted for the highest share in 2020, contributing to nearly one-third of the global environmental sensor market, and is estimated to continue its lead position throughout the forecast period. Moreover, this segment is projected to manifest the largest CAGR of 10.8% from 2021 to 2030. This is attributed to ability to send data in real time with high accuracy rate, compact size of sensors, and wireless connectivity that offers flexible mobility to assess data. The research also analyzes the segments including humidity, pressure, gas, and others.
Interested to Procure the Data? Inquire Here @ https://www.alliedmarketresearch.com/purchase-enquiry/13261
The Government and Public Utilities Segment to Maintain Its Dominant Share During the Forecast Period
Based on end user, the government and public utilities segment held the highest share in 2020, contributing to more than one-fourth of the global environmental sensor market, and is projected to maintain its dominant share during the forecast period. This is due to agreements and collaborations with various companies and installation of new sensors under rules and regulations of government jurisdictions. However, the commercial segment is expected to manifest the highest CAGR of 11.9% from 2021 to 2030. This is due to improvement of links between data collection and downstream activities, potential to widen the scope of application systems and fields, and excellent integration of stakeholder engagement and sustainable operations to enable longer and greater societal impacts.
Asia-Pacific, Followed by North America, to Maintain Its Leadership Status By 2030
Based on region, Asia-Pacific, followed by North America, contributed to the highest market share in 2020, holding nearly two-fifths of the global environmental sensor market, and is projected to maintain its leadership status by 2030. Moreover, this segment is expected to witness the fastest CAGR of 11.0% during the forecast period. This is attributed to technological developments in emerging economies and high demand for smart homes in smart cities. The other regions analyzed in the report include North America, Europe, and LAMEA.
Enquire for Customization with Detailed Analysis of COVID-19 Impact in Report @ https://www.alliedmarketresearch.com/request-for-customization/13261?reqfor=covid
Leading Market Players
Honeywell International Inc.
Access AVENUE – A Subscription-Based Library (Premium On-Demand, Subscription-Based Pricing Model) @ https://www.alliedmarketresearch.com/library-access
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request For 14 Days Free Trial of Before Buying:
Gas Sensor Market is projected to reach $1,336.2 million by 2027
Industrial Wireless Sensor Network Market is projected to reach at $1,200 million by 2023
RFID Sensor Market is projected to reach $26.67 billion by 2024
Wearable Sensors Market is projected to reach $2,258 million by 2022
Optical Position Sensor is anticipated to reach $2,589 million by 2022
Battery-Free Sensor Market is projected to reach $277.06 million by 2030
Interaction Sensor Market is projected to reach $191.34 billion by 2030
Pre-Book Now With 10% Discount:
Optical Sensor Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
Shock Sensor Market: Global Opportunity Analysis and Industry Forecast, 2021–2027
Speed Sensor Market: Global Opportunity Analysis and Industry Forecast, 2020-2027
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free):
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on LinkedIn and Twitter
View original content:https://www.prnewswire.com/news-releases/environmental-sensor-market-to-reach-3-86-bn-globally-by-2030-at-9-7-cagr-allied-market-research-301460271.html
SOURCE Allied Market Research
China said on Thursday that it hopes the United States can create conditions to expand trade cooperation, after Chinese purchases of U.S. goods in the past two years fell short of the targets in a Trump-era trade deal. China has been behind in its promises in a "Phase 1" trade pact to boost purchases of U.S. goods by $200 billion during 2020 and 2021 compared to 2017 levels, reaching only about 60% of the target through November 2021, according to data compiled by the Peterson Institute for International Economics. "Since the agreement came into effect, China has worked hard to overcome multiple adverse factors caused by the impact of a pandemic, the global recession and supply chain disruptions, and pushed for the implementation of the deal from both sides," Commerce Ministry spokesperson Shu Jueting told an online news conference.
(Bloomberg) — The CES technology show in Las Vegas last week was an important milestone for Elon Musk’s Boring Co., which operates a network of underground tunnels to ferry passengers around the massive convention center in Tesla Inc. cars.Most Read from BloombergCannabis Compounds Prevented Covid Infection in Laboratory StudyFrequent Boosters Spur Warning on Immune ResponseSupreme Court Blocks Biden’s Shot-or-Test Rule for WorkersCovid Pandemic May Shift to Endemic in 2022, Moderna Chair SaysS
“Retiring early is a dream for many people,” said Landon Tan, a certified financial planner. “But those years of not working diminish your chance of a successful retirement more than almost any other metric we toggle when making financial plans.” When planning to retire early, those extra years need to be considered — at the forefront of retirement, but also in the back end if you live longer than anticipated.
The vulnerability of Kazakhstan’s bitcoin mining industry was put on full display last week, when the country's internet shut down in the midst of anti-government protests, sparked by rising energy prices.
Two months after U.S. President Joe Biden announced an unprecedented effort among major oil consuming economies to work together to bring down rising fuel prices, prices are again approaching multi-year highs. Biden spearheaded a coordinated release of oil from strategic reserves with Japan, India, South Korea, Britain and China in November that helped quell prices – even though, in the end, China did not take part. Rising oil prices present a political headache for Biden and any U.S. president, because the United States is the biggest consumer of gasoline globally, burning roughly 9 million barrels per day (bpd) of the motor fuel.
Yahoo Finance's Julie Hyman and Brian Sozzi discuss Tesla's Cybertruck delay until 2023 and how dogecoin is surging after Elon Musk begins accepting the crypto for some merchandise.
(Bloomberg) — French and German electricity prices jumped after Electricite de France SA revised down the production forecast for its nuclear fleet that’s vital to keep the lights on in Europe. Most Read from BloombergCannabis Compounds Prevented Covid Infection in Laboratory StudyFrequent Boosters Spur Warning on Immune ResponseSupreme Court Blocks Biden’s Shot-or-Test Rule for WorkersCovid Pandemic May Shift to Endemic in 2022, Moderna Chair SaysSay Goodbye to Self-Isolating, WFH Mandates, Ma
China will release crude oil from its national strategic stockpiles around the Lunar New Year holidays that start on Feb. 1 as part of a plan coordinated by the United States with other major consumers to reduce global prices, sources told Reuters. The sources, who have knowledge of talks between the world's top two crude consumers, said China agreed in late 2021 to release an unspecified amount of oil depending on price levels. "China agreed to release a relatively bigger amount if oil is above $85 a barrel, and a smaller volume if oil stays near the $75 level," said one source, without elaborating.
Macau, the world's largest gambling center, announced Friday that it was keeping its casino licenses limited to six companies and cut their duration. Let's check out the charts of Las Vegas Sands , which gapped higher Friday, on the news. The On-Balance-Volume (OBV) line shows some improvement from the middle of December.
A combination of bullish factors means that oil markets largely shrugged off the recent announcement by China that it will release oil from its SPR
Several banks have forecast oil prices of $100 a barrel this year, with demand expected to outstrip supply.
Two days before Christmas, a cargo ship left Mumbai with a mask-making machine bound for Illinois-based OSF HealthCare, which will use the equipment to make its own N95 masks. After COVID-19 border closures in early 2020 choked shipments from Asia, producer of about 80% of the world's medical masks and protective gear, OSF and some other hospital groups started investing in U.S. production of key supplies including masks, gowns and critical pharmaceuticals. The goal: Avoid a repeat of the early pandemic's life-threatening shortages of essential protective gear – an effort that has become vitally important as schools, employers, consumers and the federal government are snapping up high-quality N95s and other masks to shield against the highly contagious Omicron variant.
According to the American Trucking Associations, the U.S. needs another 80,000 truckers.
Global banks have had to come up with perks like higher pay and bonuses to attract and retain talent as the economy recovers and people look to shift around. "Hiring has been very competitive across the business," Citigroup Inc Chief Financial Officer Mark Mason said on a call with reporters. "We have seen some pressure in what one has to pay to attract talent," said Mason.
The popularity of casual clothing may outlast the pandemic.
Dorsey first announced in October last year that the digital payments provider, then known as Square, was considering working on the project.
CVS said the store closures on one or both days of the weekend are temporary and in response to the fast-spreading Omicron coronavirus variant as well as a nationwide staffing shortage. "The adjusted operating hours in these stores are temporary," CVS said in an emailed statement. U.S. department stores and drugstore chains, including Walmart and Macy's Inc, have been forced to cut working hours or shut stores amid the spike in infections due to the Omicron coronavirus variant.
Three PayPal users who've allegedly had their accounts frozen and funds taken by the company without explanation are proposing a class-action lawsuit.
Germany’s economy hit the brakes at the end of last year as the export powerhouse was slammed by global supply-chain bottlenecks, surging material prices and weakness in its biggest trading partner, China.
China's state-backed Blockchain Services Network (BSN) plans to roll out infrastructure at the end of this month to support the deployment of non-fungible tokens (NFTs), a major step to creating a Chinese NFT industry that is not linked to cryptocurrencies. Although Beijing has banned cryptocurrencies, He Yifan, chief executive of Red Date Technology, which provides technical support to BSN, told the South China Morning Post that NFTs "have no legal issue in China" as long as they distance thems
Automotive Properties Real Est Invt TR (TSE:APR.UN) Given Consensus Recommendation of "Moderate Buy" by Brokerages – MarketBeat
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN –