Industrial Wireless Sensors

Global Market Trajectory & Analytics

MCP12695

EXECUTIVE ENGAGEMENTS

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DATE

APR 2021

TABLES

111

182

EDITION

6

PRICE

USD $4950

HIGHLIGHTS

Amid the COVID-19 crisis, the global market for Industrial Wireless Sensors estimated at US$3 Billion in the year 2020, is projected to reach a revised size of US$5.8 Billion by 2027, growing at a CAGR of 9.7% over the analysis period 2020-2027. Flow sensors, one of the segments analyzed in the report, is projected to record a 10.8% CAGR and reach US$1.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Temperature sensors segment is readjusted to a revised 9.8% CAGR for the next 7-year period.

The Industrial Wireless Sensors market in the U.S. is estimated at US$897.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$994 Million by the year 2027 trailing a CAGR of 9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.9% and 7.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR.

In the global Gas sensors segment, USA, Canada, Japan, China and Europe will drive the 12.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$236.8 Million in the year 2020 will reach a projected size of US$533 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$665 Million by the year 2027.

SELECT PLAYERS

ABB Group; Baumer Group; Curtiss-Wright Corporation; Danfoss A/S; Emersion Electric Co.; General Electric Company; Honeywell International, Inc.; Johnson Controls International PLC; Jumo AS; ProTAACS; Rockwell Automation, Inc.; SCHMIDT Technology GmbH; Schneider Electric SA; Shanghai Yuanben Magnetoelectric Tech Co., Ltd.; Shenzhen Sensor Electronic Technology Co., Ltd.; Siemens AG; Siko GmbH; Texas Instruments, Inc.; Yokogawa Electric Corporation

SEGMENTS

» End-Use (Industrial, Energy, Other End-Uses) » Product (Flow sensors, Temperature sensors, Gas sensors, Pressure sensors, Other Products)

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

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