Press release
Photoelectric Sensor Market worth $2.1 billion by 2025
According to a research report "Photoelectric Sensor Market with COVID-19 Impact Analysis by Type (Through Beam, Retroreflective, Reflective), Range, Structure, Beam Source, Output, Application (Industrial Manufacturing, Food and Beverages) and Geography - Global Forecast to 2025", The photoelectric sensor size is projected to reach USD 2.1 billion by 2025 from an estimated USD 1.5 billion in 2020, at a CAGR of 7.8% from 2020 to 2025.Extensive use of photoelectric sensors in different industries, increased adoption of retroreflective photoelectric sensors in various applications and surged adoption of industrial robots across several regions are among the factors driving the growth of the photoelectric sensor market.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=192493409
Reflective segment of photoelectric sensor market to grow at highest CAGR from 2020 to 2025
The reflective segment of the photoelectric sensor market is projected to grow at the highest CAGR of from 2020 to 2025. The growth of this segment can be attributed to the advantages offered by reflective photoelectric sensors in terms of the ease of their installation at one point only, their cost-effectiveness, and their ability to carry out the non-contact detection of objects. Moreover, these sensors are used to detect small objects, including color marks and labels in packaging, industrial manufacturing, and consumer electronics applications.
By structure, the fiber type photoelectric sensor market is projected to grow at the highest CAGR of during the forecast period
The growth of the segment can be attributed to the small size and shape flexibility of fiber type photoelectric sensors and their ability to withstand challenging environments. These sensors are used in punch presses, vibratory feeders, conveyors, pill counting systems, small object detection systems, ovens, semiconductor processing equipment, robotic arms, and moving machines in applications such as food and beverages, pharmaceuticals and medical, etc.
By application, the food and beverage segment of the photoelectric sensor market is projected to grow at the highest CAGR during the forecast period.
The increased automation of the food and beverage industry to maintain hygiene standards and enhance production is expected to fuel the growth of this segment of the market. Photoelectric sensors are used for sensing and reliably detecting objects moving at high speeds. These sensors are used at a large-scale for filling and packaging, level measuring, folding, sealing, taping, boxing, and picking and placing operations in the food and beverage industry.
By region, APAC to account for the largest share of the photoelectric sensor market in 2025
APAC is projected to account for the largest share of the photoelectric sensor market in 2025. The growth of the market in this region can be attributed to the increased demand for photoelectric sensors from industrial manufacturing, consumer electronics, and building automation applications. Moreover, increasing research and development expenditure and rising investments by governments of different countries for the development of improved sensors for use in various applications are also expected to further drive the growth of the photoelectric sensor market in APAC.
Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=192493409
Omron Corporation (Japan), Keyence Corporation (Japan), SICK AG (Germany), Schneider Electric (France), Rockwell Automation Inc. (US), ifm electronic GmbH (Germany), Pepperl+Fuchs (Germany), Balluff Inc. (Germany), Banner Engineering (US), and Panasonic Corporation (Japan) are some of the key players in the photoelectric sensor market.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
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 Photoelectric Sensor Market worth $2.1 billion by 2025 here
News-ID: 2182002 • Views: …
More Releases from MarketsandMarkets
Top Ultrasound Market Trends Driving Growth in 2025 and Beyond | Philips Healthc …
The global ultrasound market is entering a transformative phase in 2025. Once primarily associated with pregnancy scans and basic imaging, ultrasound has now evolved into a powerful, multipurpose diagnostic tool with applications across cardiology, oncology, musculoskeletal care, emergency medicine, and beyond.
As healthcare systems worldwide shift towards non-invasive, affordable, and portable imaging solutions, ultrasound is becoming central to modern diagnostics. According to market insights, the ultrasound industry is poised for steady…
Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for…
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth.
Download PDF Brochure @…
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Waterproofing Membranes Market is Projected Grow at CAGR of 8% CAGR by 2033
The waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.0% over the forecast period. By 2023, the estimated market value for waterproofing membranes is substantial, reaching US$ 31.5 billion.
These waterproofing materials comprise thin, impermeable membranes designed to collaborate with asphalt, providing a protective shield for the structural integrity of buildings. The asphalt component in these membranes acts as a safeguard, preserving the underlying membrane…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Pediatric Radiology Market Size will Grow at CAGR 7.7% CAGR during 2017-2026
Pediatric Radiology Market:Overview
The pediatric radiology market is likely to register robust growth in the near future. Chronic illnesses among children including neurological disorders such as ADHD are on the rise. According to the US labor bureau, the demand for pediatrician is expected to grow by 24% on average by 2020. This is the highest average growth among all professionals in the United States.
Despite challenges such as training for new…
