Industrial Sensors Market Overview
As per Maximize Market Research, a global business research and consultancy firm, the total global market for “Industrial Sensors Market” was valued at US$ 22.64 Bn. in 2022. The Industrial Sensors Market size is estimated to grow at a CAGR of 8.35 % over the forecast period.
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Industrial Sensors Market Scope and Methodology
The recently released report delves into the various segments of the Industrial Sensors Market, including Sensor Type, Positional Type, Component, Application, and Region. Drawing data from market participants across different regions, namely North America, Asia Pacific, Europe, Middle East & Africa, and South America, the report offers an extensive analysis of advancements across all industry sectors. Combining facts, figures, illustrations, and presentations, the report offers key data analysis for the historical period spanning from 2018 to 2022. It explores market drivers, limitations, prospects, and barriers, with investor recommendations based on a thorough competitive scenario analysis.
Industrial Sensors Market Regional Insights
The market's regional landscape presents compelling insights. Asia Pacific emerges as the largest market, driven by rapid industrial expansion, particularly in China. North America holds the second-largest revenue share due to coal production growth in economies like China, India, Indonesia, and Australia. The North American market is projected to grow significantly at a CAGR of 9.1% through the forecast period, fueled by industrialization, technical breakthroughs, growing population, and a thriving vehicle industry.
Industrial Sensors Market Segmentation
The Industrial Sensors Market is divided into level sensors, temperature sensors, flow sensors, position sensors, force sensors, humidity and moisture sensors, image sensors, gas sensors, and others based on the type of sensor used. The pressure sensor accounted for 28% of the market in 2022 and will continue to have the highest share for the remainder of the forecast period. The expansion is being driven by the high demand for pressure sensors in food and beverage processing plants. To ensure food safety, food products are vacuum-sealed and airtightly packaged in the food and beverage business.
The market for industrial sensors is divided into categories for energy & power, oil & gas, mining, chemical, manufacturing, pharmaceuticals, and others based on application. Manufacturing ruled the market in 2022 and is anticipated to do so for the duration of the projection. The growth of the market is attributed to the increasing use of IoT sensors in manufacturing and processing facilities. Additionally, IoT-based industrial sensors allow manufacturers to maximise operating efficiency, ensure the safety of industrial assets and workers, and monitor plants remotely. The incorporation of these industrial sensors in manufacturing services helps to lower maintenance costs by obtaining early failure detection. The industrial sensors market is segmented into three categories based on the hardware, software, and services that make up each component.
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Industrial Sensors Market Key Players
1.Panasonic
2.Honeywell
3.First Sensor
4.MaxBotix
5.Perception
6.Robotics
7.Tekscan
8.EPSON
9.Omron
10.Siemens
11.Roboception
12.iniLabs
13.Cognex
14.OTC Daihen
15.FANUC
16.Rockwell Automation
17.Texas Instruments
18.ATI Industrial Automation
The table of content for the Industrial Sensors Market includes the:
1. Industrial Sensors Market Size: Research Methodology
2. Industrial Sensors Market Size: Executive Summary
2.1. Market Overview and Definitions
• Introduction to Industrial Sensors Market Size
2.2. Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Industrial Sensors Market Size: Competitive Analysis
3.1. MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
3.2. Consolidation in the Market
3.2.1 M&A by region
3.3. Key Developments by Companies
3.4. Market Drivers
3.5. Market Restraints
3.6. Market Opportunities
3.7. Market Challenges
3.8. Market Dynamics
3.9. PORTERS Five Forces Analysis
3.10. PESTLE
3.11. Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
3.12. COVID-19 Impact
4. Industrial Sensors Market Size Segmentation
4.1. Industrial Sensors Market Size, by Positional Type (2022-2029)
• Contact
• Non-contact
4.2. Industrial Sensors Market Size, by Sensor Type (2022-2029)
• Gas sensor
• Flow sensor
• Force sensor
• Level sensor
• Image sensor
• Pressure sensor
• Position sensor
• Temperature sensor
• Humidity & moisture sensor
4.3. Industrial Sensors Market Size, by Components (2022 – 2029)
• Hardware
• Software
• Service
4.4. Industrial Sensors Market Size, by Application (2022 – 2029)
• Oil & Gas
• Energy & Power
• Manufacturing
• Mining
• Pharmaceuticals
• Chemicals
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Key questions answered in the Industrial Sensors Market are:
- What is Industrial Sensors?
- What was the Industrial Sensors market size in 2022?
- What are the different segments of the Industrial Sensors Market?
- What growth strategies are the players considering to increase their presence in Industrial Sensors?
- What are the upcoming industry applications and trends for the Industrial Sensors Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Industrial Sensors Market?
- Who are the key players in the Industrial Sensors market?
- What major challenges could the Industrial Sensors Market face in the future?
- What segments are covered in the Industrial Sensors Market?
- Who are the leading companies and what are their portfolios in Industrial Sensors Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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