Industrial Wireless Sensor Networks Market Examination and Industry Growth Till 2025 Which is Going to Change Industry Future
Seattle, WA -- (SBWIRE) -- 11/22/2019 -- The industrial wireless sensor network (IWSN) is the network of distributed sensing platform with wireless communication. IWSN is positioned in remote areas, and uses wireless technology to transmit signals to the control room. Furthermore, the system can be controlled, troubleshot, and monitored remotely. Moreover, it is majorly used for process & control monitoring and data processing.
The IWSN market is estimated to grow significantly over the coming years due to the growing network infrastructure demand and advances in Artificial Intelligence (AI), Machine Learning (ML), and big data analytics. These technologies have enabled companies to analyze the large volumes of data obtained from multiple types of sensors such as temperature, motion, pressure, gas, flow, and chemical, among others.
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Key Growth Factors:
One of the major factor leading to the increasing use of wireless sensors is the need for monitoring and analyzing real-time data. Growing Industrial 4.0 and IIoT is also a major driver for the wireless sensors. The ever-increasing demands of manufacturers and the drive towards the realization of IIoT and Industry 4.0 is further propelling the growth of the industrial wireless sensors market. There is a rapid rise in demand for wireless sensors in the oil and gas industry owing to the growth of the market. Due to the continuously increasing demand for energy and power, there is a rise in demand for oil and gas globally.
The industrial wireless sensor network market is segmented on the basis of sensor, technology, application, and geography. On the basis of sensor, the market is categorized into pressure sensor, temperature sensor, level sensor, flow sensor, biosensor, and others. Based on technology, it is classified into Zigbee, Bluetooth, Wi-Fi, and others. By industry vertical, it is fragmented into oil & gas, automotive, manufacturing, healthcare, and others. Geographical breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.
The North American regional market dominated the global market in 2018. owing to the presence of a strong manufacturing sector. The companies in the region are also the early adopters of emerging technologies for process optimization and improving the health and safety standards. Furthermore, the growing adoption of IWSN by oil and gas companies for offshore operations are some of the other major factors driving the growth of the North American regional market.
The Asia Pacific regional market is projected to emerge as the fastest-growing regional market owing to the rising implementation of smart manufacturing processes in countries such as China, India, and Taiwan. The MEA and Latin American regions are anticipated to witness considerable growth over the forecast period owing to increased applications of WSN in the oil and gas and mining industries.
Endress+Hauser AG, Lantronix Inc, Honeywell Process Solutions, Emerson Process Management, Digi International Inc, Freescale Semiconductor, ABB Ltd, Linear Technology Corporation, Siemens AG, Schneider Electric SA, Millennial Net Inc, Texas Instruments, STMicroelectronics, Yokogawa Electric Corporation among others
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