MarketsAndMarkets: Breeze Technologies key startup in 1.22bn USD environmental sensor market

Environmental sensors

As part of their latest study on the environmental sensing market, MarketsAndMarkets lists Breeze Technologies as a key startup in the sector, next to established corporates like Bosch Sensortec and Siemens.

The study values the 2017 environmental sensor market size at 1.22 billion USD and expects it to grow to 2.19 billion USD by 2023, at a compound annual growth (CAGR) rate of 9.9%. Particular expectations for growth lie on the air quality sensor market, with a CAGR of 17%. MarketsAndMarkets identifies stringent environmental regulations on air pollution, public health and safety concerns and the increase in air quality monitoring stations as market drivers for the forecasted growth.

Find the whole study here.