Global Fluid Sensors Market is estimated to be worth US$18,026.8 mn by the end of 2025.
Albany, NY -- (SBWIRE) -- 03/08/2018 -- Market Research Hub (MRH) has freshly announced the inclusion of a new study to its massive collection of the research database, which is titled as "Fluid Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025". The research majorly aims to provide comprehensive insights into the market current scenario and future growth prospects during the mentioned forecast period of 2017-2025. The global market growth has been analyzed in terms of revenue and volume estimates (in US$ Mn and Thousand Units), across different geographies such as North America, Europe, Asia-Pacific, Middle East and Africa and South America. Besides, prominent countries covered in the report include the U.S., Canada, Germany, U.K., France, China, Japan, India, GCC, South Africa and Brazil.
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As per the recent study findings, the demand in the global fluid sensors market will grow at a prominent CAGR of 5.6% during the forecast period of 2017 to 2025. The analysts have also estimated that the global fluid sensors market will be worth US$18,026.8 mn by the end of 2025.
Factors Fueling Market Growth of Fluid Sensors
The primary use of fluid sensors is to control the temperature, pressure and flow of various types of fluids such as liquid, gas and plasma. This reason is subsequently expected to drive the demand for fluid sensors across industries such as chemical, food & beverages, and water & waste water treatment. It has been analyzed in the study that the industries pertaining to chemical, power generation, and water and waste water treatment are primary end users of fluid sensors and the prosperity of each of these industries is reflecting positively on the market for fluid sensors.
Also, the market for fluid sensors has been gaining traction from recent technological advancements. Due to the robust research and development by the companies of the fluid sensors market, it has resulted in energy efficient fluid sensors, which reflects positively on the global market growth.
In terms of geographical expansion, the research finds that there has been the steady demand for fluid sensors in the APAC region. The Asia Pacific fluids sensors market is poised to reach a valuation of US$US$6,016.3 mn by 2025, finds study.
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Another important section of the report talks about the market opportunities, which has been analyzed on the basis of product type and end-users. By product type, the fluid sensors market has been segmented into pressure sensors, temperature sensors, flow sensors, and level sensors. Of them, the demand for pressure sensors is estimated to remain dominant until 2025. In terms of end-use, the demand from the oil & gas industry is expected to expand at the highest CAGR in the coming years.
In the later section, to assist in proper decision-making, the report includes the profiling of top players in this industry. Some of the foremost players in the global fluid sensors market with the substantial developments are STMicroelectronics, General Electric, Sensata Technologies Holding N.V., Infineon Technology, NXP Semiconductor, SICK AG, BOSCH (Bosch Sensortec), Schneider Electric AG, TE connectivity, Honeywell, Omron Corporation and Yokogawa Corporation among others.
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