Press release
Industrial Wireless Sensor Networks Market Augmenting Rapidly To Reach USD 1,204.54 Million by 2022
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As per the analyst at Zion Market Research, the global industrial wireless sensor networks market added up for almost USD 588.91 Million in 2016 and is likely to cross almost USD 1,204.54 Million by end of 2022, developing at a CAGR of almost 12.7% from 2017 to 2022.
Low Cost Of Industrial Wireless Sensor Networks To Boost The Industrial Wireless Sensor Networks Market
The development of global industrial wireless sensor networks market is majorly credited to high dependability of wireless tech in comparison with wired technology, as per analysts at Zion Market Research. Moreover, low cost of industrial wireless sensor networks, increasing trend of smart factories, and faster deployment are the factors that will favor the growth of industrial wireless sensor networks market. Furthermore, increasing acceptance of sensor networks so as to observe different processes paired with increasing security concern for automation sector will foster the development of industrial wireless sensor networks. On the flip side, accessibility of various wireless communication standards is likely to have a negative impact on industrial wireless sensor networks market.
Nevertheless, energy consumption without losing accuracy and technological enhancement in wireless communication are some of the reasons that might reveal new growth opportunities in the near future for industrial wireless sensor networks market. For instance, in March 2018, Herga Technology (a switching and sensing component maker) added a new range of wireless remote controls for equipment switching and industrial machinery.
North America To Dominate The Industrial Wireless Sensor Networks Market In Future
The temperature sensor is likely to be one of the quickest developing sensor segments in the near future in the industrial wireless sensor networks market and is likely to develop at CAGR of almost 13%. Flow sensors and pressure sensors are likely to be the most profitable type of sensors in the industrial wireless sensor networks market. They are likely to exhibit remarkable development in forecast period owing to rising requirement from oil & gas and chemical sector, boosting the industrial wireless sensor networks market.
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In 2016, with the biggest share, North America was a dominating area for industrial wireless sensor networks. Acceptance of intelligent manufacturing & smart factories and attendance of many manufacturers in the industrial wireless sensor networks market are some of the reasons that might power the development of industrial wireless sensor networks market. High dependability of wireless technology will be the major reason to drive the growth for industrial wireless sensor networks market in Europe.
The global industrial wireless sensor networks market is segmented as follows:
By Sensor
Chemical & Gas Sensors
Humidity Sensors
Motion & Position Sensors
Temperature Sensor
Pressure Sensors
Level Sensors
Flow Sensors
Image & Surveillance Sensors
By Application
Food & Beverages
Automotive
Energy And Power
Healthcare
Oil & Gas
Chemical
Others
By Technology
Wi-Fi
ISA100.11a
Bluetooth
WLAN,
Wireless HART
ZigBee
Others
By Region
North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
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