Industrial Sensors Market Outlook: A $31.9 Billion Industry by 2026

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MarketsandMarkets Presents
The Global Industrial Sensors Market is expected
to grow from USD 20.6 billion in 2021 to USD 31.9
billion by 2026 it is expected to grow at a CAGR
of 9.1 during 20212026. Key factors fueling
this markets growth include rising adoption of
Industrial 4.0 and IIoT in manufacturing surging
demand for smart sensor-enabled wearable devices
and technological advancements in industrial
sensor. Predictive maintenance to offer lucrative
opportunities to market players and increasing
demand from automobile manufacturers to deliver
improved safety and comfort for smart sensors
create a strong demand for industrial sensors for
efficient industrial operations in the midst of
COVID-19.
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MarketsandMarkets Presents
Level Sensors Market to dominate in 2020 The
market for level sensors accounted for the
largest size in 2020. A level sensor is used to
detect and measure the level of liquids, bulk
solids, and other fluids. The level measurement
is either continuous or in the form of point
values. The need for level sensor arises due to
various factors, such as the need for accuracy,
appearance, response rate ease of calibration of
instruments size of the instrument monitoring
and/or controlling of continuous or point
level. Download PDF Brochure _at_
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MarketsandMarkets Presents
Contact type to dominate Industrial Sensors
Market, in 2020 The market for contact type
sensors is estimated to account for a larger
share of the overall Industrial Sensors Market,
in 2020. Contact level sensors involve physical
contact between the device (comprising contact
type industrial sensor) and media. The
technologies used in contact type level sensors
are magnetoresistive, vibratory probe,
hydrostatic, magnetic and mechanical float,
pneumatic, rotating paddle, resistive chain, and
weight and chain. Some of the most common types
of contact type sensors are temperature sensors,
pressure sensors, force sensors, flow sensors,
etc. Speak To Analyst _at_ https//www.marketsandmark
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MarketsandMarkets Presents
APAC to hold the largest share of Industrial
Sensors Market in 2020 In terms of value, APAC
led the Industrial Sensors Market in 2020,
accounting for the largest share of the overall
Industrial Sensors Market, by region. As China is
among the major industrial areas in the world,
the Industrial Sensors Market in APAC is expected
to record the largest market share by 2026. Key
countries for the Industrial Sensors Market in
APAC are China and Japan. APAC has vast
opportunities for revenue generation from the
industrial sector in the coming years.
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MarketsandMarkets Presents
Key Players Key players in the industrial
sensors market are Rockwell Automation (US),
Honeywell International (US), Texas Instruments
(US), Panasonic Corporation (Japan),
STMicroelectronics (Switzerland), TE Connectivity
(Switzerland), Siemens, incorporated (Germany),
Amphenol Corporation (US), Dwyer Instruments
(US), and Bosch Sensortec (Germany). Browse For
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