According to a new report, published by KBV research, The Global Industrial Sensors Market size is expected to reach $47.2 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 1,54,445.9 thousand units, experiencing a growth of 11.5% (2019-2022).
The Position Sensor segment is anticipated to have a CAGR of 11.1% during (2023 - 2030). Flow sensors are used in water treatment plants and wastewater management systems to measure water flow in pipes. This helps optimize water treatment processes, manage distribution, and detect leaks. Flow sensors are used in heating, ventilation, and air conditioning (HVAC) systems to measure water flow in hydronic heating systems and air in ventilation ducts, facilitating precise temperature control. Hence, the extensive use of flow sensors drives the segment's growth.
The Contact Sensors segment is leading the Global Industrial Sensors Market by Type in 2022 thereby, achieving a market value of $32.1 Billion by 2030. Contact sensors are essential components in touchscreens and touch-sensitive buttons, widely used in smartphones, tablets, laptops, and other consumer electronic devices. The demand for seamless and responsive user interfaces in these devices has fueled the adoption of contact sensors. Thus, the expansion of consumer electronics with touch-sensitive buttons is driving the growth of the segment.
The Pharmaceuticals segment is experiencing a CAGR of 10.1% during (2023 - 2030). The pharmaceutical industry is subject to stringent regulations to ensure pharmaceutical products' safety, efficacy, and quality. Industrial sensors are crucial in monitoring and controlling various aspects of the manufacturing process to comply with regulatory requirements. Sensors help maintain consistent product quality, traceability, and Good Manufacturing Practices (GMP) adherence.
Full Report: https://www.kbvresearch.com/industrial-sensors-market/
The Asia Pacific region dominated the Global Industrial Sensors Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $17.1 Billion by 2030, growing at a CAGR of 9.5 % during the forecast period. The Europe region is experiencing a CAGR of 9% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 8.5% during (2023 - 2030).
By Sensor Type (Volume, Thousand Units, USD Billion, 2019-2030)
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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