Zion Market Research, the market research group announced the analysis report titled "Industrial Wireless Sensor Networks Market by Sensor (Chemical & Gas Sensors, Humidity Sensors, Motion & Position Sensors, Temperature Sensor, Pressure Sensors, Level Sensors, Flow Sensors and Image & Surveillance Sensors) by Technology (Wi-Fi, ISA100.11a, Bluetooth, WLAN, Wireless HART, ZigBee and Others) for Food and Beverages, Automotive, Energy, Power, Healthcare, Medical, Mining, Oil & Gas and Chemical: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016- 2022"
Sarasota, FL -- (SBWIRE) -- 06/23/2017 -- Zion Market Research has published a new report titled "Industrial Wireless Sensor Networks Market by Sensor (Chemical & Gas Sensors, Humidity Sensors, Motion & Position Sensors, Temperature Sensor, Pressure Sensors, Level Sensors, Flow Sensors and Image & Surveillance Sensors) by Technology (Wi-Fi, ISA100.11a, Bluetooth, WLAN, Wireless HART, ZigBee and Others) for Food and Beverages, Automotive, Energy, Power, Healthcare, Medical, Mining, Oil & Gas and Chemical: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016- 2022". According to the report, the global industrial wireless sensor networks market accounted for around USD 588.91 Million in 2016 and is expected to reach approximately USD 1,204.54 Million by 2022, growing at a CAGR of around 12.7% between 2017 and 2022.
Wireless Sensor Networks (WSNs) defined as a self-configured and infrastructure-less wireless networks which monitor physical or environmental conditions, such as sound, vibration, pressure, motion temperature or pollutants. It willingly passes their data through the network to the main location or sinks where the data can be analyzed and observed. A sink or base station acts as interface between users and the network. One can retrieve required information from the network by injecting concern and gathering results from the sink.
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The growth of global industrial wireless sensor networks (IWSN) market is mainly attributed to high reliability of wireless technology compared to wired technology. Furthermore, growing trend of smart factories, low cost of industrial wireless sensor networks, faster deployment is predicted to favor the industrial wireless sensor networks market growth. Moreover, growing security concern for automation industry coupled with increasing adoption of sensor networks in order to monitor various processes spurs industrial wireless sensor networks to demand. On a contrary, availability of multiple wireless communication standards is expected to have an adverse impact on industrial wireless sensor networks market. Even so, technological advancements in wireless communication and energy consumption without losing accuracy are some of the factors may disclose new avenues for industrial wireless sensor networks market in the near future.
The temperature sensor is expected to be one of the fastest growing sensor types for the analysis period & expected to grow at CAGR of around 13%. Pressure sensors and flow sensors are expected to be the most lucrative type of sensors. They are expected to show remarkable growth in near future due to increasing demand from chemical and oil and gas industry.
On the basis of application, market classified as food & beverages, automotive, energy, and power, healthcare, oil & gas, chemical, and others. Oil and gas, automotive and food & beverages industry are expected to become a most attractive segment in the analysis period. Energy and power application segment is predicted to grow significantly in coming years.
The technologies segment bifurcated into Wi-Fi, ISA100.11a, Bluetooth, WLAN, Wireless HART, ZigBee and others. The technological advancement of industrial Internet of Things (IIoT), where all mechanical and electrical equipment is operated and monitored through digital sensors, is expected to shape the growth of smart robotics and sensor networks.
With the largest share, North America was a leading regional market for industrial wireless sensor networks in 2016. Adoption of smart factories and intelligent manufacturing and presence of many IWSN manufacturers are some of the factors that may fuel the growth of industrial wireless sensor networks market in this region. High reliability of wireless technology will be the key factor to boost the demand for industrial wireless sensor networks in Europe. Asia-Pacific ranks as the fastest emerging market and expected to grow with CAGR of approximately13% over the analysis period owing to the low cost of industrial wireless sensor networks paired with growing industrialization in countries such as India, Taiwan, and South Korea.
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Key players in this market are ABB Ltd., Linear Technology Corporation, Siemens AG, Schneider Electric SA, Emerson Process Management, Digi International Inc., Freescale Semiconductor, Inc., Endress+Hauser AG, Lantronix Inc., Honeywell Process Solutions, Millennial Net Inc., Texas Instruments, STMicroelectronics and Yokogawa Electric Corporation amongst others.
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