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Industrial Sensors Market: Key Strategies to Use to Dominate Globally 2020-2026

Author : Ronak Bora | Published Date : 2020-09-03 

Global industrial sensors market derives much of its growth from the ongoing adoption of automated technologies within the manufacturing sector. The advent of industry 4.0 has led to the incorporation of various sensors in manufacturing operations, which help to analyze data and reduce the need for human intervention. 

Electronics manufacturers, in particular, are extensively utilizing industrial sensors market to enhance their operational capabilities. Rising demand for consumer electronics, coupled with various government initiatives across emerging economies, such as China and India to accelerate electronics manufacturing is likely to provide lucrative opportunities for market growth.

The Indian government's 2016 Electronic Development Fund was one of the chief initiatives undertaken to promote development and innovation in the field of electronics, nano-electronics, and IT. 

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Other factors supporting the industrial sensors market growth include escalating usage of industrial sensors in the pharmaceutical industry to facilitate enhanced monitoring of temperature-sensitive drugs and chemical composition of ingredients. 

Industrial sensors market is rife with various novel product launches. The industry, as a whole, is emphasizing on introducing sophisticated technologies to the marketplace. Industry players are resorting to strategic collaborations for keeping pace with the stiff competition. M&A activities constitute a powerful growth tool used by industrial sensors industry players to achieve long term growth and increased profitability. 

Top Key Players In Industrial Sensors Market are Amphenol Corporation, ams AG, Analog Devices, Inc., Bosch Sensortec GmbH, Figaro Engineering, Inc., First Sensor AG, Honeywell International Inc., Integrated Device Technology, Inc. (Renesas Electronics Corporation), NXP Semiconductors N.V., OMEGA Engineering Inc. (SPECTRIS PLC.), Panasonic Corporation, Rockwell Automation, Inc., Safran Colibrys SA, Sensirion AG, Siemens AG, STMicroelectronics N.V., TE Connectivity, Teledyne Technologies Incorporated, Texas Instruments Incorporated

The energy and power (E&P) industry is progressively incorporating IoT into its processes to harness the benefits of reliability, durability, and robustness. As per the estimates of IEA, power investment in the US increased by 8% whereas renewable energy expenditure rose by 16%. Such rise in investments in the E&P sector, coupled with the availability of federal tax credits, corporate procurement, and declining costs of solar PV is likely to favor industrial sensors market growth. 

Region-wiseEurope industrial sensors market is anticipated to depict upward growth trends and record a CAGR of around 6% over the forecast period. The regional manufacturing companies are adopting advanced machinery and materials in their manufacturing operations to establish competitiveness over China-based rivals, which is expected to foster market expansion. 

Table Of Content:

Chapter 4   Industrial Sensors Market, By Product

4.1   Key trends by product

4.2   Level sensor   Market estimates and forecasts, 2015 – 2026

4.3   Temperature sensor   Market estimates and forecasts, 2015 – 2026

4.4   Flow sensor   Market estimates and forecasts, 2015 – 2026

4.5   Position sensor   Market estimates and forecasts, 2015 – 2026

4.6   Pressure sensor   Market estimates and forecasts, 2015 – 2026

4.7   Force sensor   Market estimates and forecasts, 2015 – 2026

4.8   Image sensor   Market estimates and forecasts, 2015 – 2026

4.9   Gas sensor   Market estimates and forecasts, 2015 – 2026

4.10   Others   Market estimates and forecasts, 2015 – 2026

Chapter 5   Industrial Sensors Market, By Application

5.1   Key trends by application

5.2   Energy & power   Market estimates and forecasts, 2015 – 2026

5.3   Oil & gas   Market estimates and forecasts, 2015 – 2026

5.4   Mining   Market estimates and forecasts, 2015 – 2026

5.5   Chemicals   Market estimates and forecasts, 2015 – 2026

5.6   Manufacturing   Market estimates and forecasts, 2015 – 2026

5.7   Pharmaceuticals   Market estimates and forecasts, 2015 – 2026

5.8   Others   Market estimates and forecasts, 2015 – 2026

Chapter 6   Industrial Sensor Market, By Region

6.1    Key trends by region

6.2    North America

6.2.4   U.S.

6.2.5   Canada

6.3    Europe

6.3.3   UK

6.3.4   Germany

6.3.5   France

6.3.6   Italy

6.3.6   Spain

6.4    Asia Pacific

6.4.3   China

6.4.4   India

6.4.5   Japan

6.5    Latin America

6.5.3   Brazil

6.5.4   Mexico

6.6    MEA

6.6.3   GCC

6.6.4   South Africa

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/industrial-sensors-market

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia 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. [email protected] | https://twitter.com/RonakBora26

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