Industrial Sensors Market Report 2021-26: Trends, Scope, Demand, Opportunity and Forecast
According to the latest report by IMARC Group, titled “Industrial Sensors Market Size: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global industrial sensors market to grow at a CAGR of around 9% during the forecast period (2021-2026).
Industrial sensors refer to devices that can detect changes in the environment and offer subsequent signals or outputs. They can gauge input, including light, heat, pressure, temperature, voltage, moisture, motion, etc., and assist in generating a result on the display screen for transmitting the information for further processing. Some commonly utilized industrial sensors include proximity, velocity, inductive, photoelectric, capacitive, magnetic, and ultrasonic. They are significant for machine automation as they aid in ensuring the accurate positioning of mechanical components and providing feedback regarding their operational condition. As a result, these sensors find extensive applications across various industries, such as oil and gas, manufacturing, power generation, healthcare, etc.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Industrial Sensors Market Trends:
The rising digitization trend, along with the increasing need for industrial automation,is primarily driving the industrial sensors market. In addition to this, the growing adoption of wireless devices and the escalating demand for improved efficiency of industrial units are further propelling the market growth. Numerous organizations utilize industrial sensors to maximize their output, monitor plant assets, run equipment fault diagnostics, etc. Moreover, continuous technological advancements, including the development of artificial intelligence (AI) and the Internet of Things (IoT)-enabled smart sensors, are acting as other growth-inducing factors. Additionally, the emergence of Industry 4.0 trends and extensive research and development (R&D) activities will continue to propel the industrial sensors market in the coming years.
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Global Industrial Sensors Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- ABB Ltd.
- Amphenol Corporation
- ams AG
- Bosch Sensortec GmbH (Robert Bosch GmbH)
- Honeywell International Inc.
- NXP Semiconductors N.V.
- Omega Engineering Inc. (Spectris Plc)
- Panasonic Corporation
- Renesas Electronics Corporation
- Rockwell Automation
- Siemens AG
- TE Connectivity Ltd.
- Texas Instruments Incorporated
The report has segmented the market on the basis on region, sensor, type and end use industry.
Breakup by Sensor:
- Level Sensor
- Temperature Sensor
- Flow Sensor
- Position Sensor
- Pressure Sensor
- Force Sensor
- Image Sensor
- Gas Sensor
Breakup by Type:
Breakup by End Use Industry:
- Mining, Oil and Gas
- Energy and Power
- Water and Wastewater Treatment
- Aerospace and Defense
Breakup by Region:
- North America:( United States, Canada)
- Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico,Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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