New York, NY, Aug. 02, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Industrial Sensors Market by Product (Image Sensor, Level Sensor, Pressure Sensor, Gas Sensor, Temperature Sensor, Position Sensor, Force Sensor, Flow Sensor, and Humidity & Moisture Sensor), by Positional Type (Contact and Non-Contact), and by End-Use Industry (Oil and Gas, Manufacturing, Water and Wastewater, Pharmaceuticals, Power Generation, Chemicals, Mining, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global industrial sensors market was USD 16 billion in 2018 and is expected to reach around USD 24.3 billion by 2025, at a CAGR of 6.16% between 2019 and 2025.
Industrial sensors play a vital role in various end-user industries, as aid one to analyze, measure, process, and detect a wide range of changes, such as length, position, exterior, height, temperature, pressure, and dislocation, happening in and around the industrial manufacturing locations. The industrial sensors have a wide range of applications, ranging from oil and gas, manufacturing, water and wastewater, pharmaceuticals, power generation, chemicals, mining, and other applications. The global industrial sensors market is likely to experience significant growth over the upcoming years, owing to rising demand for industrial sensors by the growing Industrial 4.0 and industrial internet of things (IIoT) and growing awareness about industrial sensors measures among all end-user industries. The increasing use of wireless sensors and rising demand for industrial robots are expected to further propel the industrial sensors market in the upcoming years. However, the huge initial investments for the installation of industrial sensors systems may limit the global industrial sensors market development.
Browse through 54 Tables & 35 Figures spread over 110 Pages and in-depth TOC on “Global Industrial Sensors Market: By Product Type, Size, Industry Share, Trends, Analysis and Forecast, 2018–2025”.
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The industrial sensors market is fragmented into sensor type, positional type, and end-use industry. By sensor type, the industrial sensors market is categorized into humidity and moisture sensor, image sensor, pressure sensor, gas sensor, force sensor, position sensor, flow sensor, temperature sensor, and level sensor. Pressure sensors are anticipated to be the fastest-growing segment in the industrial sensors market in the future.
Based on the positional type, the market for industrial sensors includes contact and non-contact types. The non-contact type segment was the fastest growing in the global market and accounted for a significant share in 2018.
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The end-use industry segment of the industrial sensors market comprises mining, pharmaceuticals, oil and gas, chemicals, water and wastewater, manufacturing, power generation, and others. In 2018, the power generation segment dominated the industrial sensors market globally.
The Asia Pacific industrial sensors market is anticipated to be the fastest-growing region over the next few years, owing to the swift urbanization, flourishing power industry, and rapid industrialization across the region. China and India are rapidly growing countries for industrial sensors market in the years ahead, owing to the constant rise in the demand for wireless sensors by various process industries, such as power generation, oil and gas, etc. In 2018, China was the major country for industrial sensors in the Asia Pacific and is expected to continue its dominance in the future as well.
Browse the full “Industrial Sensors Market by Product (Image Sensor, Level Sensor, Pressure Sensor, Gas Sensor, Temperature Sensor, Position Sensor, Force Sensor, Flow Sensor, and Humidity & Moisture Sensor), by Positional Type (Contact and Non-Contact), and by End-Use Industry (Oil and Gas, Manufacturing, Water and Wastewater, Pharmaceuticals, Power Generation, Chemicals, Mining, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/industrial-sensors-market
In 2018, Europe held the largest share of the industrial sensors market globally. The strict regulations imposed by regulatory bodies are fuelling the demand for industrial sensors in Europe. In the European region, the criteria for industrial sensors are severely followed in all European Union countries like the UK, Germany, France, and Italy. In terms of end-user industries, automotive, chemicals, oil and gas, power generation, and water and wastewater treatment are the key industries that generate the highest revenue for industrial sensors market in Europe.
North America was the second-largest industrial sensors market in the year 2018 globally. The U.S. is the main market for industrial sensors in the region and holds a major share. North America is a matured market, as industrial sensors are used in several end-user industries.
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Latin America and the Middle East and Africa are projected to experience moderate growth in the industrial sensors market over the projected timeframe, owing to the significant investments made by the leading market players in these regions. The governments of Argentina, the UAE, South Africa, and Brazil are trying to promote technology usage for further driving the industrial sensors market.
Some major players of the global industrial sensors market are Honeywell, Rockwell Automation, Panasonic, Texas Instruments, First Sensor, STMicroelectronics, Amphenol Corporation, Siemens, Bosch Sensortec, Integrated Device Technology, TE Connectivity, Safran Colibrys, Sensirion, Omega Engineering, Microchip, AMS, Endress+Hauser Management, NXP Semiconductors, Figaro Engineering, and Teledyne Technologies.
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This report segments the global industrial sensors market into:
Global Industrial Sensors Market: Product Analysis
- Image Sensor
- Level Sensor
- Pressure Sensor
- Gas Sensor
- Temperature Sensor
- Position Sensor
- Force Sensor
- Flow Sensor
- Humidity and Moisture Sensor
Global Industrial Sensors Market: Positional Type Analysis
- Contact
- Non-Contact
Global Industrial Sensors Market: End-Use Industry Analysis
- Oil and Gas
- Manufacturing
- Water and Wastewater
- Pharmaceuticals
- Power Generation
- Chemicals
- Mining
- Others
Global Industrial Sensors Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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