Fluid Sensors Market Poised to Grow at a CAGR of 5.5% by 2024

Fluid Sensors Market Poised to Grow at a CAGR of 5.5% by 2024


Infinium Global Research has added a new report on Fluid Sensors Market. The report presents analysis of global as well as regional markets of fluid sensors market over the period of 2016 to 2024.Fluid sensor is the sensor used to detect, monitor and measure the liquids and fluidized solids based on the gravity. Fluid sensors have very vital applications in every manufacturing and processing industry as they offer time efficiency and health security. In the food and beverages industries fluid sensors are used to ensure the consistency of the taste and smoothness of products. In petrochemical industries, they are used in the detection of highly corrosive and acidic substances. Also they are used in several industries such as chemical, power generation, and water and waste water treatment.

 

Rapidly growing demand of non-contact sensors from oil & gas and food and beverage industries drives the growth of fluid sensor market. In the both oil and gas industries the optical sensors are used to monitor storage tanks, hydraulic and lubricating oil reservoirs, during this process they are in contact with the various corrosive materials so they need to be replaced within short period of time.  In addition, the both contact and non-contact fluid sensors are majorly used in the water and waste water treatment. Rising water and waste water treatment industry across the world are likely to escalate the growth of fluid sensors market. Moreover, growing digitalization and adoption of wireless fluid sensors for remote sensing applications are projected to create several opportunities for the fluid sensor market in upcoming years.

 

Geographically, North America holds the largest market share in the fluid sensor market in 2017 and is expected to be the foremost market over the forecast period. In addition, various government agencies are taking initiative to improve the water and the waste water treatment industries that creates the huge demand of water level measurement equipment such as Fluid sensors in the North America.

 

In addition, Asia pacific region is the fastest growing region in the fluid sensor market. The rapidly growing oil, gas, food and beverages, water and waste water treatment industries in this region are likely to boost the growth of fluid market in Asia Pacific region Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global fluid sensors market but also make strategic decisions to capture the most lucrative markets in the near future.The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

Get 15% discount for early purchase of global fluid sensors market report by clicking the following link, Use code IGRD15 to request the discount in the given form

 

https://www.infiniumglobalresearch.com/reports/request-discount/1509

 

The recent report identified that North America dominated the global fluid sensors market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the fluid sensors market worldwide.

 

The report segments the global fluid sensors market on the basis of Detection Method, Product Type and End Use Industry.

 

Global Fluid Sensors Market by Detection Method

·         Contact

·         Non-contact

 

Global Fluid Sensors Market by Product Type

·         Pressure Sensors

·         Level Sensors

·         Temperature Sensors

·         Flow Sensors

 

Global Fluid Sensors Market by End Use Industry

·         Chemical

·         Oil & Gas

·         Food And Beverages

·         Power Generation

·         Water And Waste Water Treatment

 

Companies Profiled in the Report

·         Schneider Electric AG

·         Honeywell Corporation

·         Infineon Technology

·         BOSCH

·         SICK AG

·         Sensirion AG

·         Futek Advance Sensor Technologies

·         Yokogawa Electric Corporation

·         General Electric Compan

·         Others

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

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