According to a new report, published by KBV research, The Global Humidity Sensor Market size is expected to reach $2.3 billion by 2030, rising at a market growth of 9.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 3504.1 thousand units, experiencing a growth of 9.0% (2019-2022).
To address calibration challenges, modern humidity sensors incorporate self-testing and calibration features. These functionalities enhance the reliability of measurements over time, reduce the need for manual recalibration, and contribute to the long-term stability of sensor performance. Modern humidity sensors with self-testing capabilities can monitor their performance in real time. This continuous monitoring allows the sensor to detect deviations or drift in measurements promptly. Real-time monitoring contributes to the early identification of issues, enabling timely corrective actions.
The Absolute segment is leading the Global Humidity Sensor Market by Type in 2022 thereby, achieving a market value of $1.1 billion by 2030. In healthcare settings, particularly in pharmaceutical manufacturing, research laboratories, and hospitals, absolute humidity control is vital for preserving the integrity of medications, equipment, and biological samples. The growth of the healthcare and life sciences sectors can contribute to the demand for absolute humidity sensors. Thus, these factors will boost the demand in the segment.
The Pharmaceutical & Healthcare segment is poised to have a CAGR of 8.7% during (2023 - 2030). Pharmaceuticals, especially certain medications and vaccines, are often sensitive to environmental conditions, including humidity. Humidity sensors are employed in storage facilities, pharmacies, and healthcare institutions to monitor and control humidity levels, ensuring the stability and effectiveness of medications over time. Hence, owing to these factors, there will be increased demand in the upcoming years.
Full Report: https://www.kbvresearch.com/humidity-sensor-market/
The Asia Pacific region dominated the Global Humidity Sensor Market by Region in 2022 thereby, achieving a market value of $876.5 million by 2030. The Europe market is experiencing a CAGR of 8.7% during (2023 - 2030). Additionally, The North America market would showcase a CAGR of 8.5% during (2023 - 2030).
By Type (Volume, Thousand Units, USD Billion, 2019-2030)
By End User (Volume, Thousand Units, USD Billion, 2019-2030)
By Geography (Volume, Thousand Units, USD Billion, 2019-2030)
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