USD 14.18 Billion
Fluid Sensors Market Size, Share, Growth Analysis, By Type(Flow Sensor and Level Sensor), By Technology(Non-contact and Contact), By End-user(Power & Utilities, Automotive, Oil & Gas, Water & Wastewater), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG10C2030 |
Region:
Global |
Published Date: April, 2024
Pages:
180
|Tables:
90
|Figures:
73
Fluid Sensors Market Insights
Fluid Sensors Market size was valued at USD 15.24 Billion in 2023 and is poised to grow from USD 16.38 Billion in 2024 to USD 29.1 Billion by 2032, growing at a CAGR of 7.45% during the forecast period (2025-2032).
The global fluid sensors market is experiencing dynamic growth and development, driven by a combination of technological advancements and increasing demand for precision fluid measurement and monitoring solutions across industries.
Technological advancements play an important role in driving growth and innovation in the global fluid sensors market. The sensor technology has further improved, resulting in higher accuracy, reliability and performance. Innovations such as micro-electromechanical systems (MEMS)-based sensors and Internet of Things (IoT) integration are transforming water sensing applications, making sensors more versatile technologies. Advancements expand water sensing variety, enabling them to be used in new and emerging applications across many industries. Increasing technological automation and focus on process optimization is driving adoption of fluid sensors in manufacturing, automotive and process industries. Fluid sensors play a key role in automated systems providing real-time data on fluid levels, flow rates and pressures.
Market snapshot - (2024-2031)
Global Market Size
Largest Segment
Oil and Gas
Fastest Growth
Power-utility
Growth Rate
7.45% CAGR
Global Fluid Sensors Market ($ Bn)
Country Share for North America Region (%)
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Fluid Sensors Market Segmental Analysis
Based on type, the market is segmented into flow sensor and level sensor. Based on technology, the market is segmented into non-contact and contact. Based on end-user, the market is segmented into power & utilities, automotive, oil & gas, water & wastewater, food & beverages, chemical, and others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and MEA.
Analysis by Technology
The contract segment is the dominating segment in the market. The contract segment accounted for the largest revenue share in the fluid sensors market by 2021. Fluid sensors are increasingly being used to monitor water flow in pipelines due to the increasing demand for advanced unique flow sensors in petroleum and in the automotive industry. Contact level devices are used to measure point levels or continuous levels in contact with the tank medium. Fluid contact sensors typically provide high accuracy and specificity in measurement, making them ideal for applications that require accurate measurements of fluid levels, flow rates or pressures. Contact sensors are generally cheaper initially compared to non-contact sensors, making them desirable for budget-conscious applications.
The non-contract segment is the fastest growing in the market. Non-contract fluid sensors, commonly referred to as nonpenetrating or remote sensing, operate without direct contact with the fluid. These sensors typically use technologies such as ultrasonic, optical, or magnetic fields to measure water quality. Neutral fluids offer versatility, as they can be used to measure various fluids, including gaseous fluids, without the need for direct contact. Non-contact sensors can match contact sensors, eliminating potential issues with damage, contamination and water compatibility, and providing more accurate and reliable measurements.
Analysis by End-User
Oil and gas are the dominant segments in the market. Oil and gas fields need accurate and reliable flow equipment to ensure productivity during exploration and drilling. When a gas reservoir is discovered, the first step in the extraction process is to inject fluids into the wellbore to release the trapped gas. It is important to monitor flow rates to ensure that hydraulic equipment is operated, such as electrical outlets on drilling rigs, and to check the flow of test equipment and equipment.
Power utility is the fastest growing segment in the market. The power-utility segment accounted for the largest revenue in the fluid sensors market by 2021. Due to the increasing population demand for electricity, and the high demand for industrial power, which has led to an increase in the volume of electricity generation and power & utility encourage the width of the section. The demand for oil and gas equipment is gradually increasing and consequently the adoption of flow sensors is also expected to increase accordingly. Flow metering is important in the upstream oil and gas industry. This is important in surface water applications spanning marine to onshore operations, including well testing and crude oil and natural gas recovery including acquisition and performance.
Global Fluid Sensors Market By End-User (%)
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Fluid Sensors Market Regional Insights
North America is the major revenue contributing region for the global fluid sensors market. North America innovates technology and the adoption center, where The United States is leading the way in developing advanced water sensor technologies for use in a variety of industries. North America holds the largest market share in the flow sensor market, owing to well-developed oil, gas, chemical and electrical industries. North American renewable energy will continue to invest heavily in new projects, in 2017. It is expected that the U.S. an improving economy (the US is expected to maintain its strong position as a pharmaceutical exporter) and recovering manufacturing will contribute significantly to the growth of this market.
Asia-Pacific in the market is expected to exhibit a phenomenal growth rate from 2024 to 2031, owing to rapid technological and urbanization. The penetration of IoT and AI, especially in Singapore, will fuel the growth of sensors as they form an integral part of this technology. Improvement of aquifers in large reservoirs to regulate and manage water levels to ensure optimal power supply and other options. Initiation of wastewater treatment plants, e.g. The National Mission for Clean Ganga will also accelerate the expansion of local businesses.
Global Fluid Sensors Market By Geography
- Largest
- Fastest
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Fluid Sensors Market Dynamics
Drivers
Growing Demand for Real-time Monitoring and Monitoring
- Real-time water monitoring and increasing application of solutions in industries such as healthcare, automotive and manufacturing are driving the market growth. Liquid sensors enable real-time data collection, analysis, and monitoring, enabling organizations to optimize production processes, increase productivity, and ensure product quality.
Increased Attention on Environmental Stewardship and Sustainability
- Increased focus on environmental stewardship and sustainability is another driver for the fluid sensor market. Governments, regulatory agencies and organizations emphasize the importance of responsible management and management of liquid resources. Water sensors play an important role in environmental monitoring, water monitoring and conservation efforts, increasing the demand in this sector.
Restraints
High Initial Costs and High Maintenance Costs
- One of the major restraints hampering the growth of the fluid sensor market is the high initial cost associated with purchasing and installing advanced water sensor systems. Furthermore, ongoing maintenance and calibration costs can drive up the cost of ownership all have increased, making investment in this technology more affordable for small and medium enterprises (SMEs).
Technical Difficulties and Accuracy Problems
- Another mandatory challenge facing the fluid sensor market is the technical challenges associated with achieving high accuracy and reliability in water measurements. Factors such as sensor drift, temperature fluctuations, and environmental conditions can affect sensor performance, and cause a misreading to occur. Addressing these technical challenges and ensuring consistent accuracy are critical to the widespread adoption of water detection technology.
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Fluid Sensors Market Competitive Landscape
Bosch and Emerson’s engineering teams worked together to develop and develop smart flow sensors, using their respective expertise and resources.
Together, both companies marketed and promoted the new product through their global sales and distribution channels. Conducted product demonstrations, workshops and training sessions to educate customers on the benefits and capabilities of smart flow sensors. Bosch and Emerson offer comprehensive customer support, including technical support, maintenance services and warranty coverage.
Top Player’s Company Profiles
- ABB Group
- Schneider Electric SE
- Sick AG
- Robert Bosch GmbH
- Texas Instruments, Inc.
- NXP Semiconductors N.V.
- Siemens AG
- Honeywell International, Inc.
- Emerson Electric Co.
- Rockwell Automation, Inc.
- Yokogawa Electric Corporation
- FUTEK Advanced Sensor Technology, Inc.
- SICK AG
- Infineon Technologies AG
- TE Connectivity
- Schneider Electric SE
- Omron Corporation
Recent Developments
- In September 2022, Digi-Key Electronics of the U.S., a leader in electronic components and automation products, and Schneider Electric joined forces. The company aims to raise the customer service standards of both organizations, and for customers to gain access to a variety of high-quality products in a variety of fields and applications.
- May-2022: ABB expanded its KPM KC7 microwave consistency transmitter offering by introducing a larger flow sensor that will fit work lines up to 16 inches.
- May-2021: Sick introduces Sick LBR SickWave along with Sick LFR SickWave, a new non-contact radar sensing technology for monitoring liquids and more complex objects in real time. The new Sick LBR SicWave is a bulk solid level sensor that provides a range of up to 120m (about 393.7 ft).
Fluid Sensors Key Market Trends
- Increasing the Acceptance of MEMS-based Aqueous Sensors: A major market trend in the global fluid sensor market is the increasing adoption of microelectro-mechanical systems (MEMS)-based liquid sensors. MEMS technology offers many advantages such as miniaturization, low power consumption and high sensitivity, making it ideal for water sensor applications. The growing demand for compact and high-performance water sensors in portable devices, wearable devices and automotive applications.
Fluid Sensors Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global fluid sensors market is experiencing strong growth driven by technological advances, increasing demand for real-time monitoring and control, and increasing attention to environmental sustainability. Although high initial cost and technical difficulties pose limitations, the market sees increasing adoption of MEMS-based water sensors and increasing demand from key regions such as Asia Pacific and North America. Nevertheless, the global fluid sensors market is poised for continued growth as companies precisely monitor and reliable water measurements to optimize processes, increase efficiency and ensure compliance with regulatory standards and continue to build emphasizes the importance of medicine.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 14.18 Billion |
| Market size value in 2031 | USD 27.08 Billion |
| Growth Rate | 7.45% |
| Base year | 2023 |
| Forecast period | (2024-2031) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Fluid Sensors Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Fluid Sensors Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Fluid Sensors Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Fluid Sensors Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Fluid Sensors Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Fluid Sensors Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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