By 2027, the global humidity sensor market size will be worth nearly $1 billion, as per a recent study by GMI Inc.

Growing government investments toward the development of smart water management infrastructure is likely to continue powering the humidity sensor market worldwide up to 2027. Humidity sensors play a vital role in healthcare environment by preventing the spread of allergens. These devices minimize the growth rate of bacteria, which is higher around 90% relative humidity and above, and lower at less than 25% relative humidity. Expanding government investments toward hospital infrastructure are likely to emerge as a major market driver over 2027.

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In the light of the coronavirus pandemic, the rising concerns regarding indoor air quality are accelerating the global humidity sensor market forecast, thanks to the application of these devices in HVAC systems. Investment in residential as well as commercial HVAC systems has recorded considerable uptick since the virus had been disrupting routine operations.

Fostered by infrastructure investments, pharma and healthcare applications to retain high uptake rate worldwide

Maintaining, monitoring, and controlling relative humidity is important for ensuring optimal patient safety across medical facilities at other critical environments, rendering the threat of pathogen exposure as one of the biggest concerns for the pharma sector. Patient health can suffer from exposure to bacteria, viruses, fungi, and pollen. They pose a significant hazard to both care providers and hospitalized patients, who might be affected by allergic reactions as well as asthma attacks due to exposure to irritants such as mold.

Numerous surgical operating rooms, life science & biosafety laboratories, cleanrooms, hospital isolation rooms, and pharmaceutical manufacturing facilities have been installing these devices as they minimize the risk to people, products, and processes. According to the statistics published by Investopedia, the United States spends nearly $60 billion toward medical R&D activities on an annual basis. This will translate to a higher product demand as manufacturing capabilities of pharma giants are expanding.

North America humidity sensor market forecast appears optimistic due to the periodic inspections of manufacturing facilities performed by regulatory agencies compliance with HVAC guidelines and codes. The regulatory framework is designed to establish certain standards for reliability and performance aimed at personnel safety and asset protection. Drug manufacturing facilities are likely to attribute significantly to product adoption, because exposure to moisture accelerate decomposition rate and shorten the shelf life of drugs and other pharmaceutical products.

Integration of building automation technologies across European commercial and industrial spaces to drive industry forecast

Russia, Germany, Italy, and the U.K. have been adopting building automation technologies, bringing down total energy costs. Building automation companies have been developing software for controlling lighting ventilation humidity, traditional heating and cooling system in accordance with seasonal needs, time of the day and the number and presence of occupants.

Europe humidity sensor market share from the industrial segment is likely to exhibit a substantial CAGR up to 2027, thanks to the growing concerns regarding air quality and employee health. A growing number of offices and other commercial spaces are adopting building automation in toilets and bathrooms, where humidity levels are generally higher. Too high humidity levels can result in mold growth, leading to long term health problems.

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Smart HVAC system adoption to accelerate capacitive product installation in the context of COVID-19 pandemic

The capacitive humidity sensor market share is growing at a steady pace, as it offers higher accuracy and quality standards. It is comparatively flexible and requires minimal maintenance, at the same time providing high durability. Several contaminated environments such as hospitals find the solutions as an accurate alternative, although the costs of these products can be comparative higher.

During the COVID-19, Europe was one of the worst affected regions in the world. With several research studies revealing the role of HVAC systems in reducing the spread of SARS-CoV-2, product sales are expected to retain an upward movement up to 2027. A relative humidity of nearly 40-60% can restrict the spread of the virus in enclosed paces.

Industry participants are introducing products that combine temperature and humidity sensing technologies, providing multiple functions across numerous interfaces for ensuring that our products are use of friendly. A wider operating voltage range is being prioritized by customers who are looking for reliable and improved specifications.

For instance, Sensirion's SHT3x range of digital and analogue humidity sensors features an alert mode that can be programmed as per the desirable temperature and humidity levels, as well as a communication speed of up to 1 MHz.

Table of Contents (ToC) of the report:

Chapter 1   Methodology and Scope

1.1    Scope & definition

1.2    Methodology & forecast

1.3    Data Sources

1.3.1    Primary

1.3.2    Secondary

Chapter 2   Executive Summary

2.1    Humidity sensor market 360⁰ synopsis, 2016 - 2027

2.1.1    Business trends

2.1.2    Regional trends

2.1.3    Product trends

2.1.4    Output trends

2.1.5    Application trends

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