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Industrial Sensors Market Size, Share, Growth, Sales Revenue and Key Drivers Analysis Research Report by 2028

Unknown     05/17/2022 05:39:11    221    Share

The global Industrial Sensors market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Industrial Sensors market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Industrial Sensors market

Growing application of Industry 4.0 in supply chains is expected to increase adoption rates of industrial sensors going ahead. The growing trend of digital transformation of manufacturing and related industries and value creation processes is increasing popularity of Industry 4.0. Enhanced productivity through optimization and automation, and higher business continuity through advanced maintenance and monitoring possibilities are some key benefits which are increasing deployment of Industry 4.0 and demand for industrial sensors.

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Competitive Outlook:

The global Industrial Sensors market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector.  The global Industrial Sensors market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.

Some of the key participants in this industry include:

Rockwell Automation, Honeywell International Inc., Texas Instruments, Panasonic Corporation, STMicroelectronics, Siemens AG, Amphenol Corporation, Bosch Sensortec, TE Connectivity, and Omega Engineering.

The competitive analysis also includes regional analysis of major geographical regions. The report covers regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The report also offers a country wise analysis to impart better understanding of the global Industrial Sensors market with regards to market share, market size, production and consumption ratio, product launches and R&D activities, investment opportunities, and presence of key players in the region.

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Some Key Highlights in the Report:

  • In January 2019, Rockwell Automation announced the latest addition to the smart sensing portfolio which is the new Allen-Bradley 42AF Right Sight M30 photoelectric sensor from Rockwell Automation. The high-performance sensor offers long-distance detection and increased environmental tolerance for industries such as material handling, food and beverage, and packaging.
  • Pressure sensor segment accounted for largest revenue share in 2020. Pressure sensors are widely utilized across various industrial verticals which includes chemical, military, energy, and manufacturing due to its reliability and high performance in any harsh environmental conditions.
  • Manufacturing segment revenue is expected to expand at a rapid CAGR during the forecast period. Increasing initiatives across the manufacturing industry and shift towards automation and away from traditional manufacturing and industrial activities with the help of modern smart technologies is expected to drive demand for industrial sensors in the manufacturing sector.

The report further segments the global Industrial Sensors market on the basis of product types and applications and provides insights into key factors influencing the revenue growth of the segments.

Emergen Research has segmented the global industrial sensors market on the basis of sensor, end-use, and region:

Sensor Outlook (Revenue, USD Billion; 2018–2028)

  • Temperature Sensor
  • Pressure Sensor
  • Level Sensor
  • Force Sensor
  • Flow Sensor
  • Humidity and Moisture Sensor
  • Gas Sensor
  • Position Sensor
  • Image Sensor      

End-use Outlook (Revenue, USD Billion; 2018–2028)

  • Chemical
  • Pharmaceutical
  • Oil & Gas
  • Manufacturing
  • Mining
  • Energy & Power

Global Industrial Sensors Market Report – Table of Contents

   Tags: Industrial Sensors Market size, Industrial Sensors Market share, Industrial Sensors Market demand, Industrial Sensors Market growth,

   IDs: 2562

   Titles: Industrial Sensors Market Size, Share, Growth, Sales Revenue and Key Drivers Analysis Research Report by 2028

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