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The global industrial sensors market is expected to exhibit strong growth during 2021-2026. Industrial sensors are devices that can detect changes in the environment and provide subsequent signals or outputs. They can gauge input such as light, heat, pressure, temperature, voltage, moisture and motion, and generate an output on the display screen for transmitting the information for further processing. Some of the commonly used industrial sensors include proximity, velocity, inductive, photoelectric, capacitive, magnetic and ultrasonic sensors. They are essential for machine automation as they aid in ensuring accurate positioning of mechanical components and providing feedback regarding their operational conditional. As a result, these sensors find extensive applications across various industries, such as oil and gas, manufacturing, power generation, healthcare, water and wastewater treatment, chemicals and mining.
Increasing digitization, along with the growing need for industrial automation, is one of the key factors creating a positive impact on the market. In line with this, the widespread adoption of wireless devices and escalating demand for enhanced efficiency at industrial units have resulted in the increasing utilization of industrial sensors. Organizations are also using these sensors to maximize their output, monitor plant assets, run equipment fault diagnostics and improve workplace safety. Furthermore, extensive deployment of industrial sensors to monitor flood and water levels, environmental changes, traffic and energy consumption, is stimulating the market growth. Various technological advancements, such as the development of artificial intelligence (AI) and Internet of Things (IoT)-enabled smart sensors, are acting as other growth-inducing factors. These sensors are equipped with on-chip processing, real-time decision making and signal processing capabilities, which assist in improving various industrial processes. Other factors, including the emergence of Industry 4.0, along with extensive research and development (R&D) activities, are anticipated to drive the market further. Looking forward, IMARC group expects the global industrial sensors market to grow at a CAGR of around 9% during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial sensors market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, sensor, type and end use industry.
Breakup by Sensor:
Breakup by Type:
Breakup by End Use Industry:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being 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, STMicroelectronics, TE Connectivity Ltd. and Texas Instruments Incorporated.
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