Global Fluid Sensors Market

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 2024-2031

Report ID: SQMIG10C2030 | Region: Global | Published Date: April, 2024
Pages: 180 | Tables: 90 | Figures: 73

Fluid Sensors Market News

  • 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).
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Fluid Sensors Market size was valued at USD 14.18 Billion in 2022 and is poised to grow from USD 15.24 Billion in 2023 to USD 27.08 Billion by 2031, growing at a CAGR of 7.45% in the forecast period (2024-2031).

Bosch and Emerson’s engineering teams worked together to develop and develop smart flow sensors, using their respective expertise and resources. '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'

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.

Increasing the Acceptance of MEMS-based Aqueous Sensors: A major market trend in the 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.

North America is the major revenue contributing region for the 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.

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Global Fluid Sensors Market

Report ID: SQMIG10C2030

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