What Are Proximity and Displacement Sensors
The demand for automating processes has remained constant across the industrial sector. Proximity and displacement sensors are a crucial part of automation processes, which is why the proximity and displacement sensors market has been growing steadily over the last few years. According to Transparency Market Research, the global proximity and displacement sensors market, which stood at US$2.93 billion in 2013, is anticipated to reach US$3.56 billion in 2020. If the figures hold true, the market will exhibit a 2.8% CAGR...
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