Fluid Sensors Market to Record Sturdy Growth by 2025
Point detection sensors detect fluid or liquid at a certain point in a system where fluid level needs to be managed. The sensors present in these devices acts as a switch and sound an alarm when the liquid or fluid level either falls or rises to a certain level. Continuous level detection sensors provide information on fluid level at every point of the system regardless of the level of liquid. Continuous level detection sensors are used in systems where high precision is required. Contact fluid sensor devices are in contact with the liquid whose level it measures. Non-contact fluid sensor devices measure the liquid level without being in contact with the liquid, whose level it measures. Generally when measuring the level of corrosive liquids such as acids and bases we employ non-contact fluid sensors. In global fluid sensor market, the major market share is held by non-contact fluid sensors.
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Rising government intervention and strict environmental regulations are increasing the demand for level sensors and switches. Presently there is a demand for wireless flow sensors. The oil & gas industry in Gulf countries and Africa is a major consumer of fluid sensors which is driving the demand. Fluid sensors are an important component of medical devices such as a dialysis machine. Growth in healthcare sector in Asia-Pacific region especially in China and India is driving the demand for fluid sensors in this region. In automotive industry, fluid sensors monitor the acceptable engine oil level to avoid overfilling and under-filling when the engine is on. Thus rising sale of automobiles is increasing the demand for fluid sensors.
Global fluid sensor market can be segmented based on type, technology, material, end-use industry and geography. The market when segmented by type are single point/ multi-point detection and continuous level detection. The market when segmented by technology are contact type and non-contact type. The market when segmented by material are nylon, polypropylene, polyphenylene sulfide (PPS), stainless steel and others. The market when segmented by end-use industry are automotive, consumer electronics, healthcare, oil and gas, chemical, pharmaceuticals, wastewater, energy and power and others (construction, paper and pulp, agriculture, etc.).
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Geographically global fluid sensor market is segmented by regions into North America, Europe, Asia-Pacific, Middle East & Africa and South America. North America is expected to be a prominent fluid sensor market in the world. The U.S. is expected to dominant the market in this region and is expected to have a high growth rate during the forecasted period. Other major fluid sensor markets in North America are expected to be Canada and Mexico.
Europe is expected to be a major fluid sensor market in the world. The major fluid sensor markets in Europe are expected to be Germany, the U.K., France, Italy, and Spain. Asia-Pacific is expected to be a one of the largest fluid sensor market in the world. China is expected to be the largest market in the region having a high growth rate during the forecasted period. Other major fluid sensors markets in Asia-Pacific are expected to be Japan, South Korea and India. Middle East & Africa is expected to be a significant fluid sensor market lead by Saudi Arabia, Iran, Turkey, South Africa and others. South America is a expected to be another major fluid sensor market consisting of Brazil and Argentina.
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The major players operating in the market are Continental AG, Texas Instruments, TE Connectivity, ABB Group, Endress+Hauser (Switzerland), Emerson Electric Company, MTS Sensor Technologie GmbH & Co. KG, Gems Sensors & Controls (the U.S.), Honeywell International Inc. and Siemens AG (Germany) among others.
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