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Humidity Sensor Market (Product - Relative, RHS, RHT, and Absolute; Type - Digital, and Analog; End Use - Residential, Commercial, Automotive, Industrial, Agriculture, Weather Station, and Healthcare): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : June, 2020

  • Rep Id : ICT1419

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on the humidity sensor market provides an in-depth analysis of segments and sub-segments in the global as well as regional humidity sensor market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional humidity sensor market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global humidity sensor market. According to the report, the global humidity sensor market is projected to grow at a CAGR of 7.6% over the forecast period of 2020-2026.

 

Market Insight

Humidity sensors are sensors that transform the moisture content in the air, gases, and soil or bulk materials into an electric output signal. It is a humidity sensor device which is also recognized as hygrometer measures and frequently updates the relative humidity in the air. It measures both air moisture and air temperature. This sensor is composed of two metal plates with a non-conductive polymer film amongst them. The film gathers moisture from the air which causes minute changes in the voltage between the two plates. Humidity sensors are commonly used in textile machines, woodworking machines, printing, and paper machines for measuring humidity in the air.

 

The key benefits of humidity sensors over conventional sensors are low power requirement, easy implementation, and betterment of transducer performance, for instance, sensing elements, structure design, the principle of mechanism, and fabrication technologies. Owing to an increase in the number of cement, food processing, pharmaceutical, and printing industries, the need for humidity sensors is also increasing which is responsible for heavily driving the growth of the humidity sensor market. Miniaturization of electronic devices is one of the major trends in the global humidity sensor market during the forecast period. Furthermore, technology advancement and increasing demand in devices with high-end features are driving the market for humidity sensors. In spite of these advancements, continuous reduction in prices of sensors because of the introduction of more competitive technologies and higher associated costs are detaining the market growth. The current COVID-19 epidemic that has been devastating numerous countries across the world has undesirably affected the overall sensor, control, and automation industry. While the capital investments in the automation segment have been lethargic before the epidemic, they are anticipated to be put on hold or postponed for at least a year. Conversely, the recent standstill in industrial manufacturing and production is projected to act as a wake-up call for the manufacturing sector on its reliance on human labour. By way of IoT, industrial automation, and digitalization are anticipated to become progressively significant to post-pandemic Tier 1 manufacturers, it may ultimately turn into an opportunity especially in changing supply chains.

 

Among the geographies, North America region is expected to hold the largest share in the global humidity sensor market. Heavy investments and legislative initiatives on sensor technology in countries such as the U.S. and Canada has boosted the market growth in the North American region. Furthermore, the Asia Pacific region is expected to witness high growth during the forecast period owing to the growing industries in countries such as China and India. India is fast advancing the deployment of numerous emerging sensors and IoT technologies and it offers an opportunity to deploy these emerging technologies at a larger scale to bring economies of scale.

 

Segment Covered

The report on the global humidity sensor market covers segments such as product, type, and end use. On the basis of product, the sub-markets include relative, RHS, RHT, and absolute. On the basis of type, the sub-markets include digital, and analog. On the basis of end use, the sub-markets include residential, commercial, automotive, industrial, agriculture, weather station, and healthcare.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Amphenol Advanced Sensors, Guangzhou Aosong Electronics Co., Ltd., Honeywell International Inc., Laird Connectivity, Michell Instruments, Renesas Electronics Corporation, Schneider Electric, Sensirion AG Switzerland, TE Connectivity, and Texas Instruments Incorporated.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of humidity sensor market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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