The North America Environmental Sensor Market would witness market growth of 7.7% CAGR during the forecast period (2021-2027).
Environmental sensors are predicted to expand its popularity in the future due to factors such as increased usage in the industrial and manufacturing sectors, strict government pollution control legislation, and growing preference for environmental sensors in the farming sector. However, market development is hampered by a lack of knowledge and a short lifetime. Furthermore, factors such as the expanding smart home initiative and continuous technical improvements in IoT and cloud-based services are projected to drive market.
North America has one of the highest rates of environmental sensor use. Because of the high concentration of industrial facilities in the United States and Canada. These buildings were built using obsolete environmental security systems that do not meet with current environmental monitoring laws. The expenses of converting traditional factories to smart factories, on the other hand, are rather significant. Although many businesses have begun to deploy smart factories, small and medium businesses have resisted owing to budgetary restrictions and a lack of adequate infrastructure.
The US market dominated the North America Environmental Sensor Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $503.9 Million by 2027. The Canada market is anticipated to witness a CAGR of 10.1% during (2021 - 2027). Additionally, The Mexico market would exhibit a CAGR of 9.2% during (2021 - 2027).
Based on Type, the market is segmented into Temperature, Gas, Humidity, Pressure, and Others. Based on End User, the market is segmented into Commercial, Residential, Government & Public Utilities, Automotive, Industrial, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Environmental Sensor Market is Estimated to reach $2.3 Billion by 2027, at a CAGR of 8.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
By Type
By End User
By Country
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