Hazardous Area Sensors Market: Growing Emphasis on Intrinsic Safety to Provide Significant Momentum
A large share in the global hazardous area sensors is dictated by multinational players such as ABB Group, Honeywell International Inc., and Siemens AG. Since security threats are a major challenge for hazardous area sensors, launching innovative products with better security is the go-to strategy for all existing players, finds Transparency Market Research (TMR) in a new study. Continuous product innovation is increasing the competitive rivalry among players. "The competitive rivalry is expected to be unaffected by the entry of...
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