Fluid Sensors Market is anticipated to surpass US$ 20,569 Bn by 2026 with Growing demand for Accurate Detection

Market Overview:

According to Market Prognosis, the Global Fluid Sensors market is accounted for $10,900 billion in 2017 and is expected to reach $20,569 billion by 2026 growing at a CAGR of 7.3% during the forecast period. Growing demand for accurate detection of fluid level monitoring, temperature sensing & pressure sensing in the oil & gas and chemical industry are some of the factors influencing the market growth. However, strict government regulations are restricting the growth of the market.

Fluid sensors include flow, pressure and temperature sensors. Fluid sensors have a patented measuring method which is absolutely unique in the area of flow sensor technology. As a result, the products are mounted independent of position or flow direction and deliver most accurate measurement results despite being easy to mount. Fluid sensors find applications in almost every manufacturing and processing industry. For example, the oil and gas industry utilizes fluid sensors for their hydraulic and lubricating oil reservoirs, storage tank level monitoring, and wall-head automation, while food and beverage applications of fluid sensors includes beverage dispensing, coffee making and food warming.

Amongst product type, pressure sensors segment acquired significant market share during forecast period which can be attributed to increasing application areas of various pressure sensing techniques across different end use industry. By geography, North America acquired the largest market share during the forecast period.

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Some of the market players operating in the global fluid sensors market include Bosch Sensortec, Schneider Electric SE, Sensata Technologies Holding N.V, Omron Corporation, Lord Sensing Stellar Technology, Infineon Technologies AG, General Electric Company, SICK AG, Gems Sensors, Inc, Futek Advance Sensor Technologies, NXP Semiconductors N.V and Yokogawa Electric Corporation.

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Market Segments:
Product Types Covered:
• Level Sensors
• Temperature Sensors
• Pressure Sensors
• Flow Sensors
Detection Mediums Covered:
• Plasma
• Gas
• Liquid
End Users Covered:
• Water & Waste Water Treatment
• Chemical
• Power Generation
• Food & Beverages
• Oil & Gas
• Other End users

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This release was published on openPR.