The latest market intelligence report, titled ‘Global Industrial Sensors Market’, is intended to provide the target audience with the necessary information about the global Industrial Sensors industry. The report comprises a detailed analysis of the vital elements of the Industrial Sensors market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects. The report entails an organized database of the Industrial Sensors market dynamics that helps market analysts estimate the global market growth rate over the projected timeline.

Steady market revenue growth can be attributed to increasing demand for sensors across different industrial verticals, including chemicals, manufacturing, oil gas, pharmaceuticals, mining, and energy power to maximize operational efficiency of automated equipment. Improved asset tracking and remote monitoring abilities of sensors have increased their demand across different industrial verticals. Increasing utilization of various industrial sensors such as temperature sensors, image sensor, position sensors, and humidity and moisture sensors to ensure monitoring and transparency of assets throughout the supply chain is expected to drive growth of the industrial sensors market during the forecast period.

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 Report Objective:

The report offers a complete analysis of the global Industrial Sensors market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as MA acquisition, partnerships, joint ventures, license agreement and collaborations. Rockwell Automation, Honeywell International Inc., Texas Instruments, Panasonic Corporation, STMicroelectronics, Siemens AG, Amphenol Corporation, Bosch Sensortec, TE Connectivity, and Omega Engineering. and others are some of the top companies profiled in the report.

The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.

Some key findings from the report suggest

• In January 2019, Rockwell Automation announced the latest addition to the smart sensing portfolio which is the new Allen-Bradley 42AF Right Sight M30 photoelectric sensor from Rockwell Automation. The high-performance sensor offers long-distance detection and increased environmental tolerance for industries such as material handling, food and beverage, and packaging.
• Pressure sensor segment accounted for largest revenue share in 2020. Pressure sensors are widely utilized across various industrial verticals which includes chemical, military, energy, and manufacturing due to its reliability and high performance in any harsh environmental conditions.
• Manufacturing segment revenue is expected to expand at a rapid CAGR during the forecast period. Increasing initiatives across the manufacturing industry and shift towards automation and away from traditional manufacturing and industrial activities with the help of modern smart technologies is expected to drive demand for industrial sensors in the manufacturing sector.

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Emergen Research has segmented the global industrial sensors market on the basis of sensor, end-use, and region:

Sensor Outlook (Revenue, USD Billion; 2018–2028)

• Temperature Sensor
• Pressure Sensor
• Level Sensor
• Force Sensor
• Flow Sensor
• Humidity and Moisture Sensor
• Gas Sensor
• Position Sensor
• Image Sensor      

End-use Outlook (Revenue, USD Billion; 2018–2028)

• Chemical
• Pharmaceutical
• Oil Gas
• Manufacturing
• Mining
• Energy Power

Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa.

The report addresses the following key points:

• The report provides a forecast of market drivers, restraints, and future opportunities for the Industrial Sensors market
• The report further analyses the changing market dynamics
• Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
• Extensive competitive landscape mapping with profiles of the key competitors
• In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
• Revenue forecast, country scope, application insights, and product insights

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