The global industrial wireless sensor network market to reflect a splendid growth in the period between 2017 and 2026.
Albany, NY -- (SBWIRE) -- 05/09/2018 -- Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled "Global Market Study on Industrial Wireless Sensor Network: Emphasis on Operation Efficiency to Drive the Market Growth During 2017 to 2026" offers a detailed analysis of the market, providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the Global Industrial Wireless Sensor Network market have been elaborated upon in the research report.
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Achieving high standards of industrial energy efficiency and safety has persisted as a major consideration among all industrial sectors worldwide. Factors such as low cost of installation and power efficiency have governed efficacy of industrial facilities, which entails remarkable challenges while using wired sensors. This has led industries around the world toward replacing wired sensors with wireless ones, as they facilitate realization of both energy and cost efficiency.
Proactive expansion is key for industrial buildings and facilities for sustaining in the competitive environment. Ideal design for industrial buildings involves scope for growth, in order to enable structures to incorporate new machines as well as future evolving requirements. As wireless sensors are devoid of conduit spaces for effective installation within building structures compared to their wired counterparts, industries are relieved of additional costs incurred in the design of conduits needed for wired sensors.
A new report of Persistence Market Research envisages the global industrial wireless sensor network market to reflect a splendid growth in the period between 2017 and 2026. Approximately US$ 7,000 Mn revenues are estimated to be gained from sales of industrial wireless sensor network across the globe by 2026-end.
Emphasis on Operation Efficiency Driving Demand for Industrial Wireless Sensor Network
Industries with capital vigour are preferring deployment of wireless sensors for increasing their operational efficiency, which in turn complements their productivity. Operational efficiency has prevailed as key strategy of companies for sustaining competition in the competitive industrial environment, which in turn has led them to adopt automation technologies. Industrial automation facilitates efficient monitoring, control, and management of work force and processes, along with optimum functioning.
With growing use of robotics and industrial automation, demand for sensors such as motion sensors, force sensors, range sensors, and proximity sensors is on the rise. Wireless sensors have now become indispensable components of robotics for enabling sensing, recognition, and interpretation. Growth in network infrastructure and proliferation of IoT-connected devices have further augmented demand for wireless sensor network in industries.
Increasing Policies & Regulations Leading to Large-Scale Installation of Wireless Sensor Networks
Increasing implementation of policies and regulations by various government agencies that include Mine Safety and Health Administration (MSHA) and International Labor Organization (ILO) have led to large-scale installation of wireless sensor network across different industrial sectors. Additionally, high influence of industrial internet of things (IIoT) and smart manufacturing trends on industrial automation have further proliferated adoption of wireless sensor networks in various industries.
Competition in the global industrial wireless sensor network market is likely to intensify in the years to come, driven by the presence of numerous providers who focus on innovation service provisions and expansion of their market footprint. New product launches equipped with advanced technologies that offer enhanced durability is a key strategy employed by leading manufacturers for maintaining their competitiveness in the market.
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Well-established enterprises are entering into activities such as acquisitions, mergers, and partnerships with corresponding businesses for capitalizing on their innovative technologies. For example, Belair Networks was acquired by Ericsson, which integrated Belair's technologies & solutions with its existing products & services, in order boost revenue generation. Key companies significantly supporting growth of the global industrial wireless sensor network market include Siemens AG, STMicroelectronics, ABB Ltd., Honeywell International Inc., Endress+Hauser Management AG, Linear Technology, Yokogawa Electric Corporation, and Banner Engineering Corp.
In-depth Study on Competition Landscape
A key benefit of using the research analysis offered in the report is that readers can gain better understanding on the competition landscape of the global industrial wireless sensor network market. Taking into consideration how companies developing industrial wireless sensor network are seeking aid in extracting information about their competitors and learning about their growth strategies, the competition landscape chapter of this report is valuable for key players operating in the market.
From leading players to emerging companies, intelligence issued in this chapter of the report unveils latest strategies as well as current conditions of the market players. Scope of PMR's report on the global market for industrial wireless sensor network is to enable the readers to make informed decisions on future direction of their businesses. The report promises great assistance to companies focusing on the expansion of their presence in the global industrial wireless sensor network market in the foreseeable future.
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