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 are specialized devices used for detecting and analyzing variations in industrial processes. Temperature, level, position, force, pressure, image, gas and flow sensors are some of the commonly used industrial sensors. They are utilized for monitoring water levels, tracking environment changes and gauge variations in light, heat, pressure, voltage, moisture and motion. These sensors aid in machine automation, increasing productivity and providing real-time feedback on the operational conditions. As a result, they find extensive applications across various industries, such as chemical, pharmaceutical, manufacturing, mining, oil and gas.
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 global industrial sensors market is primarily being driven by rapid industrialization and the increasing requirement for industrial automation. The widespread adoption of wireless devices across industries has led to an escalating demand for industrial sensors to automate controls, improve workplace safety and run fault diagnostics in the equipment. Moreover, various technological advancements, such as the integration of the Internet of Things (IoT) and artificial intelligence (AI) solutions with industrial sensors, are positively impacting the market growth. These innovative technologies provide precise coordination, signal processing capabilities and improved communication, which assists in improving various industrial processes.
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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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