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Increased Demand for Respiratory Equipment Positively Influence Air Flow Sensor Market – Reveals Fact.MR | Key Players are Continental AG, Sensata Technologies, OMRON Corporation, etc.
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Different factors like growth in old age population and improved health care infrastructure in regions like Europe and Asia Pacific are responsible for the growth in demand for air flow sensors. Developing and under developed regions are witnessing improvements in healthcare sector. Old age population is expected to amount to 8% of the global population by the end of the year 2020. The major medical conditions like respiratory problems, cardiovascular diseases and cancer are known to consume half of the total healthcare expenditure. This incremental graph raises the demand for different respiratory equipment like analyzers, sleep apnea machines, anesthesia, ventilators, oxygen concentrators, spirometers and patient monitoring systems.
Japan projected to generate huge opportunities
The global air flow sensor can be broadly categorized into two types that are digital air flow sensors and analog air flow sensors of which the latter held 63.2% of the global market share in the year 2017. The global market can be segregated on the basis of end-use into automotive, healthcare, chemical, aerospace, food & beverages and building automation. Building automation segment is projected to own the largest share of the global market in the forecast period on the backdrop of surging HAVC demand in different developing and developed economies.
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Fact.MR report highlights the fact that China held 21.8% share of the global market in the year 2017 and will further maintain this dominance. Europe is the other region that is expected to experience major surge in the air flow sensor market. Japan is estimated it generate opportunities worth US$ 54.2Mn in the coming future. Air flow sensors market in MEA is forecasted to expand at a moderate rate.
Prominent players in the sir flow sensors market are continuously developing new products. Innovation is the main strategy in order to gain competitive edge. Companies are practicing collaborations and acquisitions to get a greater penetration in market. Different aspects of air flow sensor like supply chain and retailing network have significantly improved, which boosts the growth of global air flow sensor market turn. Major stake holders profiled in global air flow sensor market are TE Connectivity, DENSO CORPORATION, Delphi Technologies, Continental AG, TDK Corporation, OMRON Corporation, Honeywell International Inc., First Sensor AG, HELLA GmbH & Co. KGaA, Siemens AG, and Robert Bosch GmbH.
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FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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