Press release
Magnetic Proximity Sensor Market 2021 Growth, Prominent Players: Sick AG, Omron Corporation, Honeywell International Inc., Rockwell Automation
The Magnetic Proximity Sensor Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Magnetic Proximity Sensor market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Magnetic Proximity Sensor market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Magnetic Proximity Sensor market.The magnetic proximity sensor market was valued at USD 1283.8 million in 2020 and is expected to reach USD 1896.51 million by 2026 and register a CAGR of 6.8% during the forecast period of 2021-2026.
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Top Leading Companies of Magnetic Proximity Sensor Market are - Sick AG, Omron Corporation, Honeywell International Inc., Rockwell Automation, General Electric, Panasonic Corporation, Eaton Corporation, Pepperl + Fuchs GmbH, Turck Inc., IFM Electronic GmbH and others.
Industry News and Updates:
- May 2019 - Panasonic started offering a broad range of inductive proximity sensors for metallic sensing applications. Panasonic’s separate amplifier type can handle high-speed operations. The company’s GX-F12A-P rectangular-shaped oil resistant inductive proximity sensor, part of its GX-F/H series, is projected by the company to have the longest stable sensing range among the same level of rectangular inductive proximity sensors in the industry. The sensors are easy to install, with different frequency types available.
Key Market Trends:
Application in Automotive to Drive the Market Demand
- The manufacturing of automobiles is nested with all kinds of proximity sensors, such as position sensors, magnetic sensor, level sensor, inductance sensor, hall sensor, digital sensor, and others. This factor is expected to drive the growth in the magnetic proximity sensor market in the forecast period.
- In automobiles, magnetic proximity sensors emit electromagnetic beam to look for changes in the field. They have a long service life and good sensitivity range. With a combination of magnets trigger, they also have high stability, reliability, and consistency. The customers can customize the shell color, outlet direction, wire, terminal blocks, etc.
By Type:
Inductive Sensors
Capacitance Sensors
Photoelectric Sensors
Magnetic Sensors
By Application:
Aerospace and National Defense
Automobile Industry
Consumer Electronics
Building Automation
Other
Regional Analysis:
North America to Account for a Significant Market Share
- In North America, the government has taken initiatives for the safety of passengers in automobiles. As a result, the magnetic proximity sensors have become the essential parts of automobiles. This factor is expected to drive the proximity magnet sensor market in the forecast period. The vehicles are now equipped with different kinds of sensing devices that can take measures (such as heat and speed) in case of danger.
- In many industrial applications, magnetic proximity sensors are used for contactless current sensing, linear and angular position, and rotating sensing. Crocus' magnetic proximity sensors provide superior performance for all kinds of applications.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Magnetic Proximity Sensor Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Magnetic Proximity Sensor Market (%),2016 - 2026
- Magnetic Proximity Sensor Market Share, By Brand
- Magnetic Proximity Sensor Market Share, By Company
- Magnetic Proximity Sensor Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Magnetic Proximity Sensor Market Value Analysis & Forecast
- Promising Magnetic Proximity Sensor Development by Major Companies
- Detailed Magnetic Proximity Sensor Portfolio of the Major Companies
- Major Deals in the Magnetic Proximity Sensor Market
- Major Companies Analysis
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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