Press release
Rising Demand For Smart Flow Sensors Which Have Two-Way Communication And Self-Diagnosis Capabilities Are Expected To Favor Flow Sensors Market Growth Till 2020
Further, the industry has witnessed high demand from numerous end-use industries. For example, in the automotive sector, active and passive safety sensors have witness tremendous growth due to the growing need for accident mitigation systems. Emission of hazardous gases has led to the framing of legislations for emission control and resulted in the need for monitoring the concentration of exhaust gases.
Browse full research report on Global Flow Sensors Market: http://www.grandviewresearch.com/industry-analysis/flow-sensors-market
Further key findings from the study suggest:
• The flow sensors market is expected to witness considerable growth over the forecast period. The need for new energy sources, including oil and gas exploration, and the growing significance of developing of renewable energy sources are expected to be key market drivers.
• The process industries segment is poised for significant growth over the next few years, and accounted for over 25% of the overall market in 2013. Growing number projects and the establishment of new process plants along with reinvestments in plant modernization, renovation and capacity expansion are expected to fuel the market demand.
• North America emerged as the dominant regional market in 2013 accounting for more than 30% of the overall market in the same year. Surging demand owing to rebound in automotive and machinery production along with regulatory mandates are expected to spur the regional market growth over the next six years.
• Key industry players include Emerson Electric Company, First Sensor AG, Gems Sensors & Controls, Keyence Corporation, Omron Corporation etc. Manufacturers focus on investing in R&D activities as accuracy and reliability are major product selection criteria. Further, industry participants emphasize on product differentiation in order to avoid price competition.
Read detailed report or request for sample of this research report:
http://www.grandviewresearch.com/industry-analysis/flow-sensors-market/request
For the purpose of this study, Grand View Research has segmented the global flow sensors market on the basis of application and region:
Flow Sensors Application Outlook (Revenue, USD Million, 2012 – 2020)
• Automotive
• Consumer electronics
• Environmental
• Healthcare/Medical
• Process industries
• Others
Flow Sensors Regional Outlook (Revenue, USD Million, 2012 – 2020)
• North America
• Europe
• Asia Pacific
• RoW
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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Phone: 1-415-349-0058
Email: sales@grandviewresearch.com
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