Humidity Sensor Market Analysis

Humidity Sensor Market Analysis

The capacitive humidity sensor market dominated more than 55% of revenue share in 2020 and is anticipated to witness 7.5% growth rate through 2027. The capacitive humidity sensor offers several advantages, such as flexibility, low maintenance, and high durability, at low temperatures. Capacitive sensors are experiencing increasing acceptance from HVAC applications owing to their high repeatability, sensitivity, stability, and resistance to pollutants.

Furthermore, the ability of these sensors to improve indoor air quality and control moisture levels in the air has resulted in an increasing demand from HVAC applications in the coming years. Several key leaders are emphasizing on developing innovative and improved products with enhanced measuring capacity to increase their market footprint.

The digital output segment accounted for 60% of the humidity sensor market share in 2020 and is estimated to attain a CAGR of 7.5% by 2027. Digital humidity sensors provide numerous advantages such as wide range measurement, improved dwell time, low-cost solution, and fast time to market. This encourages electronic manufacturers to adopt sensors with digital output in smart home appliances, increasing their reliability & durability, further fueling the industry growth. Humidity sensor manufacturers are focusing on integrating digital interface in their sensors offerings to cater to the high demand from various environmental monitoring applications.
 

The industrial segment held 30% of the market share in 2020 and is poised to expand at 8% CAGR till 2027. The growth can be credited to the growing need for cooling system monitoring in the food & beverage industry. These sensors are used to regulate high moisture levels that can contaminate and deteriorate the quality of food. The increasing demand for high-quality food assets that can withstand long duration of time is encouraging manufacturers to develop consumer-specific sensors to gain a competitive edge in the market.
 

Asia Pacific humidity sensor market captured 40% of revenue share in 2020 and is predicted to grow at a CAGR of around 7.5% during 2021 to 2027. The growth is driven by governments' increasing emphasis on monitoring climate and environmental changes in the atmosphere. Rising industrialization has resulted in increased pollution, high humidity, and extreme temperature, which have negative impacts on environmental conditions. The government and public authorities are increasing their investments to boost awareness about climate changes & green recovery, further accelerating the market opportunities for humidity sensors during the forecast timeline.