openPR Logo
Press release

Proximity and Displacement Sensor Market Size to Hit $1.8 billion by 2020

04-09-2020 05:03 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Proximity and Displacement Sensor Market Size to Hit $1.8

According to a new report published by Allied Market Research titled, Asia-Pacific Proximity and Displacement Sensors Market, the Asia-Pacific proximity & displacement sensors market is expected to reach $1.8 billion by 2020, registering a CAGR of 10.2% during 20152020. The major factor driving the market in the Asia-Pacific region is the increasing adoption of factory and process automation in automobile and manufacturing industries.

The Asia-Pacific proximity & displacement sensors market is expected to grow swiftly with the increasing need for automation in the coming years. Earlier, proximity and displacement sensor solutions were primarily used in automotive industry. However, with the introduction of advance technology and increasing awareness about the benefits of automated systems, other industries including pharmaceutical, pulp & paper, food & beverage, manufacturing, elevators & escalators and metals & mining industries are also adopting sensor-based automation technologies to efficiently manage their processes.

Download Sample of this 250+ Pages Research Report: https://www.alliedmarketresearch.com/request-sample/1153

With key factors, such as ongoing trend of factory and process automation, growing necessity toward energy-efficient systems and expanding application areas into electronics, the market for proximity and displacement sensors is anticipated to witness notable growth by 2020.

Among all the types of sensors considered in the report, the market is witnessing large adoption of inductive, and photoelectric sensors in automobile assembly lines operations which is in turn increasing the market share of these sensors in terms of revenue generation in overall market.

Interested? Do Purchase Enquiry Now: https://www.alliedmarketresearch.com/purchase-enquiry/1153

China is anticipated to continue its dominance over the market in terms of demand for proximity and displacement sensor systems by the industries undergoing factory automation. The country is expected to exhibit large growth in terms of revenue generation for the market.

Growing industrialization in Malaysia, Thailand and Indonesia are creating opportunities for proximity and displacement sensors market to grow with high pace in these countries. With the advent of adaptive automation and increase in demand for proximity and displacement sensors, the growth prospects in these regions seems promising.

Access Report Summary: https://www.alliedmarketresearch.com/asia-pacific-proximity-and-displacement-sensor-market

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Proximity and Displacement Sensor Market Size to Hit $1.8 billion by 2020 here

News-ID: 2005779 • Views: 121

More Releases from Allied Market Research

Reed Sensor Market 2019–2026: Revenue Projections and Industry Insights | Stan …
Allied Market Research published the latest report, titled "Reed Sensor Market by Type (Dry-Reed Sensor, Mercury-Wetted Reed Sensor) and Application (Automotive, Transportation, Consumer Electronics, Robotics & Automation, Telecommunications, Healthcare, Construction, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026." According to the report, reed sensor market is expected to witness significant growth during the forecast period due to surge in need for technological advancements in the sensors. The emergence of high-tech
Umbrella Market 2020 to Witness a Pronounce Growth During COVID-19 Crisis with D …
Umbrella also is known as parasol is an object used for protection against rain and sunlight. Umbrellas are usually designed for protection from rain whereas parasol is specifically designed and used to block the sunlight. Umbrellas are hand-held portable devices which come in different sizes, shapes, colors, and designs. These have been used since the seventeenth century and are considered as an essential accessory by most of the people. Canopy,
Forage Seed Market Size, Industry Analysis by Leading Key Players, Development a …
The global Forage Seed Market was valued at $11,683 million in 2015 and is projected to reach $20,646 million by 2022, growing at a CAGR of 8.50% from 2016 to 2022. In 2015, the alfalfa product segment held approximately more than one-fourth of the total market. Forage seeds are the edible parts of plants widely utilized for livestock feeding. Alfalfa, clover, chicory, ryegrass, lablab, and fescue are some of the popular
Cake Stand Market Expected To Be The Most Attractive Market During Upcoming Year …
A cake stand is a stool or an object that is used to decorate cakes or pastries. A cake stand can be single, double, and multi-tier based on occasion like birthday’s, weddings, and office parties. Cake stands can be of different sizes, shapes, and materials like wood, metal, and others. A cake stand works as a tool for making and displaying a cake in a better way. A cake stand

All 5 Releases


More Releases for Proximity

Ultrasonic Proximity Switch Market Research Report 2018
This report studies the global Ultrasonic Proximity Switch market status and forecast, categorizes the global Ultrasonic Proximity Switch market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions. Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-ultrasonic-proximity-switch-2018-843 The major manufacturers covered in this report Siemens AG Pepperl+Fuchs Honeywell International Inc Cambridge Ultrasonics Hielscher Inc Geographically, this report studies
Proximity Sensors Market - Progression in Consumer Gadgets to Boost the Demand f …
The worldwide proximity sensor market is foreseen to be very competitive as a result of the emergence of many major firms that hold huge market shares. These vendors compete on the basis of price, reputation, quality, and delivery capabilities to increase greatest market footing amid the gauge time frame. The seller scene in the worldwide proximity sensors market is an exceptionally divided one. Owing to high competition in the worldwide
Photoelectric Proximity Switches Market Shows Speedy Growth
QY Research Groups’ expert research analysts estimate the Photoelectric Proximity Switches Market to grow at a substantial Compound Annual Growth Rate (CAGR) throughout the forecast period 2017 to 2022. The report ‘Global Photoelectric Proximity Switches Market Professional Survey Report 2017’centers on essential expertise of Global Photoelectric Proximity Switches segment. The potential of the segment has been examined along with the key challenges. The current market scenario and the future prognosis of
Capacitive Proximity Sensors Market Technological breakthroughs 2026
With emerging industrial developments and advancement in technologies, many industries are adopting upgraded technologies. A non-contact sensing technology that detects solids, liquids, metals and nonmetals is termed as capacitive sensing. The capacitive proximity sensors do not have any physical contact with materials and they work on the principle of capacitor. Capacitive proximity sensors are used on a large basis during the production process to detect various materials such as plastics and
Kel14 proximity key for access systems(gyrfidstore)
RFID keyfob is the extension products of normal ISO card, which is designed for easy carry by person. GYRFID present various kinds of keyfobs to fit different customer's demands. KEA-keyfobs ABS : widely used type in worldwide market, cost affordable. KEC- keyfobs PC: luxurial and unique appearance KEL-keyfobs leather: luxurial and unique appearance KEP-keyfobs PVC: easy to be attached on rings or phones, can be printed with sponsor's logo. KEE-keyfobs epxoy: can be
New inductive proximity switches
New inductive proximity switches expand the wide range of GREATECS. The sensors stand out through their high quality and attractive price level. The proximity switches are available in different materials such as plastic, aluminum, stainless steel and copper nickel. The main applications for these sensors are industrial and automation technology. The sensors are generating a switching signal at approximation depending on the selected types which are available in several materials and