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Industrial Sensors Market 2019 Share, Growth, Size, Trends | Key Players: Panasonic, Microchip, Rockwell Automation, Bosch Sensortec, Siemens, Texas Instruments, AMS AG, Amphenol Corporation, NXP Semiconductors, Te Connectivity

03-25-2019 03:41 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Market Prognosis

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.

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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Market Segments:
Types Covered:
• Contact
• Noncontact

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
• Thermoelectric
• Thermooptic
• Photoelectric
• Electrochemical

Power Types Covered:
• Active
• Passive

Detections Covered:
• Chemical
• Electric
• Biological
• Radioactive

End Users Covered:
• Mining
• Chemicals
• Energy & Power
• Oil & Gas
• Pharmaceuticals
• Manufacturing
• Discrete Industries
• Process industries
• Water & Waste Water
• Gaming and Entertainment
• Safety and Security
• Robot
• Factory Automation
• Automotive
• IT & Telecom

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About Us
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact
ProgMark Pvt Ltd,
Thane - 421501
India. Contact- +1 973 241 5193
Email- sales@marketprognosis.com

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