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INDUSTRIAL WIRELESS SENSORS

Global Market Trajectory & Analytics

MCP12695

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  •  DATE

    JULY 2020

  •  TABLES

    111

  •  PAGES

    182

  •  EDITION

    6

  •  PRICE

    USD $4950

COVID-19 IMPACT SURVEY
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 grow at a 10.8% CAGR to 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. This segment currently accounts for a 11.4% share of the global Industrial Wireless Sensors market.
The Industrial Wireless Sensors market in the U.S. is estimated at US$897.2 Million in the year 2020. The country currently accounts for a 29.66% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$994 Million in the year 2027 trailing a CAGR of 9% through 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 while Rest of European market (as defined in the study) will reach US$994 Million by the year 2027.
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.We bring years of research experience to this 6th edition of our report. The 182-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others, 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
» End-Use (Industrial, Energy, Other End-Uses) » Product (Flow sensors, Temperature sensors, Gas sensors, Pressure sensors, Other Products)
» 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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