Press release
Europe Industrial Sensors Market Set to Reach USD 20.18 Billion by 2030, Expanding at a 13.89% CAGR
Europe Industrial Sensors Market
August 14, 2024 - The Europe Industrial Sensors market size was valued at USD 8.12 Bn. in 2023 and the total Europe Industrial Sensors Market size is expected to grow at a CAGR of 13.89% from 2024 to 2030, reaching nearly USD 20.18 Bn. by 2030.
Europe Industrial Sensors Market Overview:
Physical factors including level, temperature, flow, pressure, speed, and position are measured by industrial sensors. The growing usage of industrial automation and the requirement for real-time data in manufacturing processes have led to a significant expansion in the industrial sensors market in Europe. The shift to smart factories is critical because sensors are essential for gathering real-world measurements and transforming them into digital data that is sent over the Internet of Things (IoT) to management systems and other connected devices.
๐๐ง๐ฅ๐จ๐๐ค ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐๐ฎ๐ซ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ:https://www.stellarmr.com/report/req_sample/europe-industrial-sensors-market/2341
What are Europe Industrial Sensors Market Dynamics?
Europe's industrial sensors market is expected to grow thanks to Industry 4.0 and IoT.
Higher processing power in sensor nodes, advanced microcontrollers, and wired and wireless connection options to cloud servers are enabling new uses for Industrial Internet of Things (IIoT) devices. Applications include industrial robotics, process sensing, factory automation, warehouse inventory management, vibration measurement of spinning gear, and human presence detection. Predictive maintenance and asset management systems have also increased the visibility of equipment problems, which has led to a growth in industrial sensors.
What is Europe Industrial Sensors Market Regional Insight?
In 2023, Germany accounted for the greatest portion of the European industrial sensors market. The growing automation and Internet of Things (IoT) in manufacturing, the need for real-time data monitoring and analysis, and the focus on predictive maintenance and process optimization are all having an impact on the German industrial sensors market.
Various sensors are used by Germany's industrial sensor industries, such as manufacturing and automotive, to increase productivity, quality control, and efficiency. Sensors are widely used in the German automobile industry for applications like as adaptive cruise control, collision avoidance, and self-driving technology. Particular sensors-like vibration, pressure, and temperature monitors-have become more and more necessary in Germany. These sensors satisfy the particular needs of industries such as energy, chemicals, and medicines.
What is Europe Industrial Sensors Market Segmentation?
By Sensor Type
Image Sensor
Pressure Sensor
Temperature Sensor
Position Sensor
Force Sensor
Gas Sensor
Others
By End Use Industry
Manufacturing
Automotive
Oil & Gas
Chemical
Pharmaceutical
Energy & Power
Mining
Others
๐ ๐๐๐ ๐๐๐ญ ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ! @https://www.stellarmr.com/report/req_sample/europe-industrial-sensors-market/2341
Some of the current players in the Europe Industrial Sensors Market are:
1. ABB Ltd (Zรผrich, Switzerland)
2. Ams AG (Premstรคtten, Austria)
3. Bosch Sensortec (Reutlingen, Germany)
4. NXP Semiconductors (Eindhoven, Netherlands)
5. Safran Colibrys SA (Yverdon-les-Bains, Switzerland)
6. Siemens (Munich, Germany)
7. STMicroelectronics (Geneva, Switzerland)
8. TE Connectivity (Schaffhausen, Switzerland)
9. First Sensor (Berlin, Germany)
10. Siemens (Munich, Germany)
11. Roboception (Munich, Germany)
12. Others
๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ข๐ฌ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฅ๐๐๐ฌ๐ ๐๐ข๐ฌ๐ข๐ญ:https://www.stellarmr.com/report/europe-industrial-sensors-market/2341
Key Questions answered in the Europe Industrial Sensors Market Report are:
Which region held the largest Europe Industrial Sensors Market share in the Europe Industrial Sensors Market?
What is the expected Europe Industrial Sensors Europe Industrial Sensors Market size by 2030?
Which factors are the opportunities for the Europe Industrial Sensors Europe Industrial Sensors Market growth?
What are investment opportunities for the Europe Industrial Sensors Europe Industrial Sensors Market?
What are the recent industry trends that were implemented to generate additional revenue streams for the Europe Industrial Sensors Market?
Which segment dominates the Europe Industrial Sensors Market?
Key Offerings:
Past Market Size and Competitive Landscape
Europe Industrial Sensors Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Europe Industrial Sensors Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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