Press release
Wireless Sensors Market 2021 Precise Outlook - General Electric, Yokogawa Electric Corporation, Honeywell International Inc., Schneider Electric
The Wireless Sensors Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The wireless sensors market was valued at USD 3.61 billion in 2019 and is expected to reach USD 13.27 billion by 2025, at a CAGR of 24.2% over the forecast period 2020 - 2025.
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Top Leading Companies of Wireless Sensors Market are General Electric, Yokogawa Electric Corporation, Honeywell International Inc., Schneider Electric, Emerson Electric Co, Texas Instruments Incorporated, Rockwell Automation Inc., ABB Ltd., STMicroelectronics, Siemens AG, Freescale Semiconductors Inc, Endress+Hauser SA and others.
Industry News and Updates
February 2018 - Honeywell enhanced its industry-leading product line of handheld photoionization (PID) monitors by adding wireless connectivity and a mobile APP to simplify the data collection process and reports creation. The enhancements to the Honeywell RAE PID monitors allow remediation engineers and hygienists to use their smartphones to pull more information from environmental and site factors in the field and do so faster, reducing time spent at sites.
Key Market Trends
North America to Account for a Significant Market Share
- The growth of North America's wireless sensors market is currently being driven by the application in the end-user segment and environmental impact on sensors. Manufacturers focus on investing in R&D activities to improve the accuracy and reliability of these wireless sensors.
- Wireless sensors are used in factory settings for data monitoring, the flow of production, and other similar functions as well as in building automation, defense, and other industries like material handling and food and beverage.
- The increasing quest for new energy sources, renewable energy development, government regulations, and rapid technological advancements are the key drivers that are making the wireless sensors market to grow lucratively. They are also a vital component in smart grids for remote monitoring of transformers and power lines where they are put into service to monitor line temperature and weather conditions.
Regional Outlook of Wireless Sensors Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Wireless Sensors Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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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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