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Environmental Sensors a $3 Billion Annual Market by 2027

enviromental-sensor-marketThe environmental sensor market will be worth more than $3 billion annually by 2027, according to an IDTechEx report.

Air pollution affects 92 percent of the world’s population — the report follows news that the Indian government has declared Delhi’s extreme levels of toxic air pollution an “emergency situation” and plans to temporarily shut construction sites and a coal-fired power station to reduce the smog.

IDTechEx says there is a growing need for low-cost direct pollution measurement and chemical gas sensors will play a key role in pollutant monitoring over the next decade. Thanks to advancements in microfabrication technology, gas sensors can now easily be integrated into a number of consumer devices, giving the chemical sensor industry a boost.

Environmental Gas Sensors 2017-2027 details future opportunities as well as challenges faced when introducing chemical gas sensors to new markets. It also highlights key trends and pioneering work in the gas sensor field.

Key growth areas will be in consumer electronics, such as mobile phones and wearable technology, the report says. Indoor air quality can be accurately and quickly measured using indoor air quality units, which are becoming central nodes for air purifiers and other environmental apparatus.

With a growing ecosystem of connected devices, sensors will play a big role in monitoring and reacting to poor air quality, the report says. Through the use of air purifiers, air condition, heating and smart window systems, sensors will be able to measure, forecast and react to air quality through the day, helping people ensuring that the health risks of environmental pollutants are minimized for citizens.

Another application — and one in which the environmental sensor industry is already focused — is the automotive industry, where sensors monitor the environment for pollutants to control airflow into the driver’s compartment. IDTechEx analysts have identified several new opportunities in this field over the coming decade, making use of the range of sensor technologies and detection principles available. IDTechEx analysts expect large growth in these areas, with the largest growth markets being in mobile devices and air purifiers.

Advanced sensors are already driving efficiency and environment, health and safety improvements across industries, from plastics recycling to water management and manufacturing.

Some 35 percent of US manufacturers are currently collecting and using data generated by smart sensors to improve operating processes, according to PWC, which says “sensors provide a relatively low-cost way for companies to learn about their customers, employees, and operations — and then use that data to improve engagement, sales, productivity, safety and much more.”

Sensors also play a critical role in transforming facilities into intelligent buildings, according to a January report from Navigant Research, which forecasts global advanced sensor revenue will grow from $1,160.3 million in 2016 to $3,221.9 million in 2025 at a 12 percent compound annual growth rate.

 

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