Industrial Sensors Market is projected to expand at a steady CAGR over the forecast by 2031

Posted on 2022-08-08 by Sandeep in Electronics, Industrial // 0 Comments

New York, 2022-Aug-08 — /EPR Network/ — According to a new market research report published by Global Insight Services “Industrial Sensors Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Industrial sensors are devices that are used to detect, measure, and monitor various physical, chemical, and electrical properties of industrial process. These sensors are used in a wide range of industries such as oil and gas, chemicals, pharmaceuticals, food and beverage, power generation, and water and wastewater treatment.

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Key Players

Honeywell
Texas Instruments
Siemens
STMicroelectronics
Amphenol Corporation
TE Connectivity
NXP Semiconductors

Key Trends and Drivers

The major drivers for the growth of this market are the increasing demand for safety and security, growing demand for Industry 4.0, and the increasing adoption of the Internet of Things (IoT).

The key trends in industrial IOT market are:
Increase in adoption of IOT in industrial sector
Increase in investment by government and private organizations in IOT
Rise in demand for IOT solutions and services
Increase in number of IOT applications
Growth of IOT in developing countries

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Market Segments

By Sensor Type

Image Sensor
Pressure Sensor
Temperature Sensor
Level Sensor
Position Sensor
Humidity Sensor
Force Sensor
Other

By Industry Vertical

Manufacturing
Pharmaceutical
Chemical
Oil & Gas
Energy & Power
Mining

Reasons to buy Industrial Sensors Market Report:

Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
Develop business and M&A strategies through understanding of latest trends and emerging players in the market
Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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With Global Insight Services, you receive:

10-year forecast to help you make strategic decisions
In-depth segmentation which can be customized as per your requirements
Free consultation with lead analyst of the report
Excel data pack included with all report purchases
Robust and transparent research methodology

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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