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Fluid Sensors Market to Derive Commendable Revenue Via Oil & Gas Industry Over 2018 to 2024

Author : Ronak Bora | Published Date : 2019-04-18 

Global Market Insights, Inc. Add New 2018-2024 Fluid Sensors Market Report to its research database presenting an informative study covering the market with detailed analysis. The Global ++ market research report is a professional and in-depth study on the current state of global Industry.

The fluid sensors market will experience a rapid expansion owing to the demand from the oil & gas industry for applications such as tank level monitoring and oil quality assessment. Increasing mobility and industrialization have led to a rise in the demand for crude oil and natural gas. Given the extreme and harsh conditions in the oil & gas industry, reliable and high-quality sensors are experiencing a rising demand.

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Pressure and temperature sensors are increasingly being deployed in the sector for maintaining the oil composition and the environmental parameters. They are being used for monitoring the vibration and pressure changes that may damage pipelines and equipment. The demand for multi-level sensors for oil separating in oil drilling operations will fuel the fluid sensors market growth.

Technological advancements in the fluid sensors market will support the adoption of these sensors in various industry verticals. Developments in wireless transmission technologies are facilitating enhanced communication amongst several devices, thereby ensuring a granular control of all the parameters functioning in the system. Field effect sensors possess the unique ability to detect semi-solid materials and fluids without any direct contact.

The ongoing advancements in the electronics and semiconductor industry have enabled the manufacture of robust sensors that can withstand harsh environments. The advent of smart sensors that can adapt to the surrounding environment and ensure highly precise readings will support the fluid sensors industry growth.

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These sensors are increasingly being used in wastewater treatment operations, exposing them to several chemicals and hazardous materials, thereby hampering their quality and efficiency of operation. The need for replacing the sensor system periodically will lead to increased operational and maintenance costs, which will hinder the fluid sensors market growth.

The rising demand for the detection of liquid leakages in chemical & thermal plants, water & gas supplies, and manufacturing facilities will contribute to the fluid sensors market growth. In chemical industries, leakage results in a significant loss of capital and resources, thereby stressing the importance of incorporating sensors in the system.

The fluid sensors market will witness growth in India and China due to the rapid urbanization and industrialization happening in these countries. Sensors form the core components of the latest technologies such as AI and IoT. The growing penetration of these technologies in countries including Singapore and India is anticipated to propel the fluid sensors industry growth.

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Key players in the fluid sensors market include Omron Corporation, Honeywell International, Inc., Schneider Electric SE, NXP Semiconductors N.V., TE Connectivity, Infineon Technologies AG, SICK AG, FUTEK Advanced Sensor Technology, Inc., and Yokogawa Electric Corporation. The fluid sensors industry is characterized by the extensive R&D investments.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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