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Industrial Sensors Market Size, Share, Report, Analysis, Trends & Forecast to 2026

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According to Stratistics MRC, the Global Industrial Sensors Market is accounted for $14.3 billion in 2017 and is expected to reach $27.7 billion by 2026 growing at a CAGR of 7.6% during the forecast period.

— Growing demand for industrial robots, rising awareness about IIoT, and increasing applications in petroleum refineries and pharmaceuticals are some of the factors propelling the market growth. However, huge implementation cost of sensor networks is restraining the market growth.

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Industrial sensors are devices converting physical quantity to electrical signals which are processed through an electronic automation system that can represent physical variation or signal error. It plays an essential role in highly technical processes. They capture measured values and convert them into signals that can be further processed in order to monitor and control complex processes and entire factories. Sensors and electronics are an indispensable part of economic life.

Based on type, Noncontact has witnessed the significant growth during the forecast period owing to rising demand in pharmaceuticals and mining industries, increasing implementation of wearables in industrial facilities. By geography, Asia Pacific holds the largest market share during the forecast period due to the presence of large number of developing economies and regulatory standards set by the countries.

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Some of the key players profiled in the Industrial Sensors Market include Panasonic, Microchip, Rockwell Automation, Bosch Sensortec, Siemens, Texas Instruments, AMS AG, Amphenol Corporation, NXP Semiconductors, Te Connectivity, Integrated Device Technology, Sensirion, Figaro Engineering Inc., Analog Devices, Denso and Infineon.

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Types Covered:

Sensors Covered:
Gas Sensor
Flow Sensor
Image Sensor
Temperature Sensor
Humidity and Moisture Sensor
Level Sensor
Force Sensor
Position Sensor
Pressure Sensor
Proximity sensors
Acceleration Sensors

Power Types Covered:

Detections Covered:

End Users Covered:
Energy & Power
Oil & Gas
Discrete Industries
Process industries
Water & Waste Water
Gaming and Entertainment
Safety and Security
Factory Automation
IT & Telecom

Regions Covered:
North America
o US
o Canada
o Mexico
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
South America
o Argentina
o Brazil
o Chile
o Rest of South America
Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

Contact Info:
Name: James Lamb
Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929

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Source: MarketersMedia

Release ID: 490070

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