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SE20115178 |
Pages: 310 |
May 2022 |
Increasing emphasis on industrial automation is expected to aid the growth of the fluid sensors market size. Fluid sensors are used in almost all manufacturing and processing industries. These sensors are used in the oil & gas industry for storage tank level monitoring, lubricating & hydraulic oil reservoirs, and wall-head automation. Chemical, power generation and water & waste water treatment sectors are some of the other major end-users of fluid sensors, and the growth of each of these industries is positively impacting the fluid sensors market.
However, the high initial investment required in the fluid sensors industry is predicted to restrict the market growth. Fluid sensors are very expensive as many costly parts are required for its manufacturing.
According to regional analysis, the Asia-Pacific fluid sensors market accounted for $4,495.9
million in 2021 and is predicted to grow with a CAGR of 8.42% in the projected timeframe.
A fluid sensor is an electronic device that measures or regulates the flow rate of liquids and gasses within pipes and tubes. Fluid sensors are generally connected to gauges to render measurements and can also be connected to computers and digital interfaces. They are used to measure fluid pressure, temperature, level control, volume of the fluid flowing, and others. Fluid sensors have applications in different industries such as oil and gas, water & wastewater, chemical, power generation, food and beverage, automotive, and others.
The Covid-19 impact on fluid sensors market has been negative. During the pandemic period, industries and sectors where the fluid sensors are utilized in equipment such as automotive, oil & gas, chemical, food & beverage, power & utilities, and others witnessed a decline in their growth due to reduction in consumer demand. These factors are expected to negatively impact the fluid sensors market.
However, during the pandemic period, businesses across the world are experiencing the need for digital management of their operations. The need for implementation of technologies such as industrial internet of things (IIOT) will enable real-time monitoring of manufacturing process of fluid sensors products and virtual control of production. These factors are expected to have a positive impact on the market growth as well as desirable impact on the fluid sensors market size in the pandemic period.
The increasing emphasis on industrial automation is expected to aid the growth of the global fluid sensors market shares. The advancement in measurement technologies such as optical sensing, vibrating or tuning fork, ultrasonic sensors, capacitance sensing, and others has led to the reduction in manual measurement methods of different parameters of the fluid such as temperature, fluid pressure, and humidity and fluid acceleration in industries like automotive, manufacturing, chemical, medical, oil & gas, and power generation. In addition to this, the increased emphasis on research and development, for instance, in October 2020, Cambridge shire, United Kingdom based startup Flusso, a fabless semiconductor company, launched the world’s smallest flow sensors as part of a low-cost and complete digital flow sensing solution to be used in high-volume consumer and industrial markets. These factors are expected to aid the growth of the global fluid sensors market share in the forecast period.
The demand for high-performance automated solutions to ensure comfort and safety has increased in the automobile industry. Leading automobile manufacturers, such as Audi and BMW, are progressively incorporating sensors into their automobiles. To avoid potential problems, sensors are utilized to measure fluid in the braking system, as well as to detect water cooling and temperature. To detect many fluid points or low liquid levels, liquid sensors with integrated cable connections and magnetic floats can be employed.
To know more about global fluid sensors market drivers, get in touch with our analysts here.
The high investment required for research & development and implementation of fluid sensors technology for the measurement of different parameters such as fluid pressure, temperature, level control, volume, and others can act as restraints in the growth of fluid sensors market. In addition to this, unreliable and insecure communication associated with wireless fluid sensor is one of the major challenges that is likely to hamper the growth of the fluid sensors industry. This is majorly observed in cases where the fluid sensor gives wrong or misleading signals related to any fluid flow due to some technical fault. Therefore, there is lack of synchronization in use of fluid sensors. These factors can hamper the growth of the fluid sensors market share in the forecast period.
Industrial internet of things (IIOT) refers to devices that are interconnected. Industrial equipment such as motors, wastewater transmission systems, sensors, and other machines work in a coordinated manner with the help of IOT software for industrial applications. The fluid sensors market trends such as the implementation of industrial internet of things is expected to bring benefits such as remote access of the device and technicians can control the fluid sensors from remote places. The system can predict the need of maintenance of the sensors when the chances of equipment failure are high. These features are expected to bring improvement in the domain of operational efficiency, mass customization, remote diagnostics, and others. These factors are anticipated to open new scope of opportunities for the fluid sensors market.
The adoption of fluid sensors in many industry verticals would be aided by technological advances in the fluid sensors market. Developments in wireless transmission technologies are allowing for improved communication across multiple devices, allowing for granular management of all system characteristics. Field effect sensors are unique as they can detect semi-solid objects and fluids without having to come into direct touch with them. The development of robust sensors that can resist hostile environments has been facilitated by continual improvements in the electronics and semiconductor industries. Fluid sensors market expansion would be aided by the introduction of smart sensors that can adapt to their surroundings and provide highly precise readings.
To know more about global fluid sensors market opportunities, get in touch with our analysts here.
Based on type, the market has been divided into flow sensor and level sensor. Among these, the flow sensor sub-segment is anticipated to generate the maximum revenue and the level sensor sub-segment is expected to show the fastest growth.
Source: Research Dive Analysis
The flow sensor sub-segment is predicted to have a dominating share in the global market and register a revenue of $15,510.4 million in 2030, growing from $8,227.2 million in 2021 during the forecast period. Flow sensor is an electronic device that measures or regulates the flow rate of liquids and gasses within pipes and tubes. The increasing emphasis on industrial automation is expected to aid the growth of flow sensor sub-segment in the forecast period. The advancement in measurement technology has led to the reduction in manual measurement methods of different parameters of the fluid such as temperature, fluid pressure, humidity, and fluid acceleration in industries like oil & gas, manufacturing, automotive, chemical, medical and power generation. These factors are anticipated to propel the growth of the flow sensor sub-segment.
Based on technology, the market has been divided into non-contact sensor and contact sensor. Non-contact sensor sub-segment is anticipated to generate the maximum revenue as well as the fastest growth in the forecast period.
Source: Research Dive Analysis
The non-contact sensor sub-segment is estimated to have a dominating market share as well as the fastest growth in the global market and register a revenue of $15,258.4 million in year 2030, with a healthy CAGR of 7.7% during the forecast period.
Non-contact sensors are the fluid sensors which measure the fluid parameters such as temperature, velocity, and the pressure of the fluid by using fluid pressure sensors without coming in contact with the fluid. The wide scale utilization of non-contact sensors for calculation of fluid velocity, temperature, and volume is expected to aid the growth of the sub-segment. The application of non-contact sensors in diverse fields such as measuring fluid flow rate in food production, blood infusions, catheterization, flow rate of liquids in rigid tubes of wafer cleaning equipment in the semiconductor industry, and others is expected to aid the growth of the non-contact sensor sub-segment.
Based on end-user, the market has been sub-segmented into oil & gas, water & wastewater, chemical, power & utilities, food & beverage, automotive, and others. Among the mentioned sub-segments, the power & utilities sub-segment is estimated to show a dominant share, whereas the water & wastewater sub-segment is projected to garner the fastest growth.
Source: Research Dive Analysis
The power & utilities sub-segment is anticipated to have a dominating share in the global market and surpass $5,819.7 million by 2030, with an increase from $3,339.6 million in 2021.
The rising need for electricity globally due to increasing population around the globe coupled with large demand of electricity in industries has led to increase in the number of power generation plants and is aiding the growth of power & utility sub-segment. The application of fluid sensors in the power generation units such as thermal and hydro power plants has advantages such as the flow sensor ensures lowest level of emissions. For instance, advanced flow meters help monitor the rate of ammonia (NH3) gas from the chimneys, and flow measurement devices are flexible in terms of installation. These factors are expected to aid the growth of sub-segment in the forecast period.
The fluid sensors market was investigated across North America, Europe, Asia-Pacific, and LAMEA.
Source: Research Dive Analysis
The Asia-Pacific fluid sensors market generated $4,495.9 million in 2021 and is projected to register a revenue of $9,350.7 million by 2030. The increasing rate of industrial production in the emerging and developed countries of the region such as China, India, Japan, and South Korea that are the major centers of production of industrial fluid sensors is aiding the growth of the market in the region. In addition to this, rapid economic development in the Asia continent due to increase in per capita income and development of industrial infrastructure in the private & public domain has contributed to the high utilization of fluid sensors in the oil & gas, water & wastewater, chemical, food & beverage, automotive, and other sectors in the Asia-Pacific region, and propelling the growth of fluid sensors market.
Source: Research Dive Analysis
Some of the leading fluid sensors market players are Schneider Electric, Siemens, ABB, Honeywell, Robert Bosch GmbH, Emersion Electric Company, SICK AG, NXP Semiconductors, Texas Instruments, and Rockwell Automation.
| Aspect | Particulars |
| Historical Market Estimations | 2020 |
| Base Year for Market Estimation | 2021 |
| Forecast Timeline for Market Projection | 2022-2030 |
| Geographical Scope | North America, Europe, Asia-Pacific, LAMEA |
| Segmentation by Type |
|
| Segmentation by Technology |
|
| Segmentation by End-user |
|
| Key Companies Profiled |
|
1.Research Methodology
1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters
1.5.Market size estimation
1.5.1.Top-down approach
1.5.2.Bottom-up approach
2.Report Scope
2.1.Market definition
2.2.Key objectives of the study
2.3.Report overview
2.4.Market segmentation
2.5.Overview of the impact of COVID-19 on Global fluid sensors market
3.Executive Summary
4.Market Overview
4.1.Introduction
4.2.Growth impact forces
4.2.1.Drivers
4.2.2.Restraints
4.2.3.Opportunities
4.3.Market value chain analysis
4.3.1.List of raw material suppliers
4.3.2.List of manufacturers
4.3.3.List of distributors
4.4.Innovation & sustainability matrices
4.4.1.Technology matrix
4.4.2.Regulatory matrix
4.5.Porter’s five forces analysis
4.5.1.Bargaining power of suppliers
4.5.2.Bargaining power of consumers
4.5.3.Threat of substitutes
4.5.4.Threat of new entrants
4.5.5.Competitive rivalry intensity
4.6.PESTLE analysis
4.6.1.Political
4.6.2.Economical
4.6.3.Social
4.6.4.Technological
4.6.5.Environmental
4.7.Impact of COVID-19 on fluid sensors market
4.7.1.Pre-covid market scenario
4.7.2.Post-covid market scenario
5.Fluid Sensors Market, by Type
5.1.Overview
5.1.1.Market size and forecast, by Type
5.2.Flow Sensor
5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region, 2022-2030
5.2.3.Market share analysis, by country 2022 & 2030
5.3.Level Sensor
5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region, 2022-2030
5.3.3.Market share analysis, by country 2022 & 2030
5.4.Research Dive Exclusive Insights
5.4.1.Market attractiveness
5.4.2.Competition heatmap
6.Fluid Sensors Market, by Technology
6.1.Overview
6.1.1.Market size and forecast, by Technology
6.2.Non-contact Sensor
6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region, 2022-2030
6.2.3.Market share analysis, by country 2022 & 2030
6.3.Contact Sensor
6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region, 2022-2030
6.3.3.Market share analysis, by country 2022 & 2030
6.4.Research Dive Exclusive Insights
6.4.1.Market attractiveness
6.4.2.Competition heatmap
7.Fluid Sensors Market, by End-user
7.1.Overview
7.1.1.Market size and forecast, by end-user
7.2.Automotive
7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by region, 2022-2030
7.2.3.Market share analysis, by country 2022 & 2030
7.3.Water & Wastewater
7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by region, 2022-2030
7.3.3.Market share analysis, by country 2022 & 2030
7.4.Oil & Gas
7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by region, 2022-2030
7.4.3.Market share analysis, by country 2022 & 2030
7.5.Chemical
7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by region, 2022-2030
7.5.3.Market share analysis, by country 2022 & 2030
7.6.Food & Beverage
7.6.1.Key market trends, growth factors, and opportunities
7.6.2.Market size and forecast, by region, 2022-2030
7.6.3.Market share analysis, by country 2022 & 2030
7.7.Power & Utilities
7.7.1.Key market trends, growth factors, and opportunities
7.7.2.Market size and forecast, by region, 2022-2030
7.7.3.Market share analysis, by country 2022 & 2030
7.8.Others
7.8.1.Key market trends, growth factors, and opportunities
7.8.2.Market size and forecast, by region, 2022-2030
7.8.3.Market share analysis, by country 2022 & 2030
7.9.Research Dive Exclusive Insights
7.9.1.Market attractiveness
7.9.2.Competition heatmap
8.Fluid Sensors Market, by Region
8.1.North America
8.1.1.U.S.
8.1.1.1.Market size analysis, by Type
8.1.1.2.Market size analysis, by Technology
8.1.1.3.Market size analysis, by end-user
8.1.2.Canada
8.1.2.1.Market size analysis, by Type
8.1.2.2.Market size analysis, by Technology
8.1.2.3.Market size analysis, by end-user
8.1.3.Mexico
8.1.3.1.Market size analysis, by Type
8.1.3.2.Market size analysis, by Technology
8.1.3.3.Market size analysis, by end-user
8.1.4.Research Dive Exclusive Insights
8.1.4.1.Market attractiveness
8.1.4.2.Competition heatmap
8.2.Europe
8.2.1.Germany
8.2.1.1.Market size analysis, by Type
8.2.1.2.Market size analysis, by Technology
8.2.1.3.Market size analysis, by end-user
8.2.2.UK
8.2.2.1.Market size analysis, by Type
8.2.2.2.Market size analysis, by Technology
8.2.2.3.Market size analysis, by end-user
8.2.3.France
8.2.3.1.Market size analysis, by Type
8.2.3.2.Market size analysis, by Technology
8.2.3.3.Market size analysis, by end-user
8.2.4.Spain
8.2.4.1.Market size analysis, by Type
8.2.4.2.Market size analysis, by Technology
8.2.4.3.Market size analysis, by end-user
8.2.5.Italy
8.2.5.1.Market size analysis, by Type
8.2.5.2.Market size analysis, by Technology
8.2.5.3.Market size analysis, by end-user
8.2.6.Rest of Europe
8.2.6.1.Market size analysis, by Type
8.2.6.2.Market size analysis, by Technology
8.2.6.3.Market size analysis, by end-user
8.2.7.Research Dive Exclusive Insights
8.2.7.1.Market attractiveness
8.2.7.2.Competition heatmap
8.3.Asia Pacific
8.3.1.China
8.3.1.1.Market size analysis, by Type
8.3.1.2.Market size analysis, by Technology
8.3.1.3.Market size analysis, by end-user
8.3.2.Japan
8.3.2.1.Market size analysis, by Type
8.3.2.2.Market size analysis, by Technology
8.3.2.3.Market size analysis, by end-user
8.3.3.India
8.3.3.1.Market size analysis, by Type
8.3.3.2.Market size analysis, by Technology
8.3.3.3.Market size analysis, by end-user
8.3.4.Australia
8.3.4.1.Market size analysis, by Type
8.3.4.2.Market size analysis, by Technology
8.3.4.3.Market size analysis, by end-user
8.3.5.South Korea
8.3.5.1.Market size analysis, by Type
8.3.5.2.Market size analysis, by Technology
8.3.5.3.Market size analysis, by end-user
8.3.6.Rest of Asia Pacific
8.3.6.1.Market size analysis, by Type
8.3.6.2.Market size analysis, by Technology
8.3.6.3.Market size analysis, by end-user
8.3.7.Research Dive Exclusive Insights
8.3.7.1.Market attractiveness
8.3.7.2.Competition heatmap
8.4.LAMEA
8.4.1.Brazil
8.4.1.1.Market size analysis, by Type
8.4.1.2.Market size analysis, by Technology
8.4.1.3.Market size analysis, by end-user
8.4.2.Saudi Arabia
8.4.2.1.Market size analysis, by Type
8.4.2.2.Market size analysis, by Technology
8.4.2.3.Market size analysis, by end-user
8.4.3.UAE
8.4.3.1.Market size analysis, by Type
8.4.3.2.Market size analysis, by Technology
8.4.3.3.Market size analysis, by end-user
8.4.4.South Africa
8.4.4.1.Market size analysis, by Type
8.4.4.2.Market size analysis, by Technology
8.4.4.3.Market size analysis, by end-user
8.4.5.Rest of LAMEA
8.4.5.1.Market size analysis, by Type
8.4.5.2.Market size analysis, by Technology
8.4.5.3.Market size analysis, by end-user
8.4.6.Research Dive Exclusive Insights
8.4.6.1.Market attractiveness
8.4.6.2.Competition heatmap
9.Competitive Landscape
9.1.Top winning strategies, 2021
9.1.1.By strategy
9.1.2.By year
9.2.Strategic overview
9.3.Market share analysis, 2021
10.Company Profiles
10.1.Schneider Electric
10.1.1.Overview
10.1.2.Business segments
10.1.3.Product portfolio
10.1.4.Financial performance
10.1.5.Recent developments
10.1.6.SWOT analysis
10.2.Siemens
10.2.1.Overview
10.2.2.Business segments
10.2.3.Product portfolio
10.2.4.Financial performance
10.2.5.Recent developments
10.2.6.SWOT analysis
10.3.ABB
10.3.1.Overview
10.3.2.Business segments
10.3.3.Product portfolio
10.3.4.Financial performance
10.3.5.Recent developments
10.3.6.SWOT analysis
10.4.Honeywell
10.4.1.Overview
10.4.2.Business segments
10.4.3.Product portfolio
10.4.4.Financial performance
10.4.5.Recent developments
10.4.6.SWOT analysis
10.5.Robert Bosch GmbH
10.5.1.Overview
10.5.2.Business segments
10.5.3.Product portfolio
10.5.4.Financial performance
10.5.5.Recent developments
10.5.6.SWOT analysis
10.6.Emersion Electric Company
10.6.1.Overview
10.6.2.Business segments
10.6.3.Product portfolio
10.6.4.Financial performance
10.6.5.Recent developments
10.6.6.SWOT analysis
10.7.Rockwell Automation
10.7.1.Overview
10.7.2.Business segments
10.7.3.Product portfolio
10.7.4.Financial performance
10.7.5.Recent developments
10.7.6.SWOT analysis
10.8.SICK AG
10.8.1.Overview
10.8.2.Business segments
10.8.3.Product portfolio
10.8.4.Financial performance
10.8.5.Recent developments
10.8.6.SWOT analysis
10.9.NXP semiconductors
10.9.1.Overview
10.9.2.Business segments
10.9.3.Product portfolio
10.9.4.Financial performance
10.9.5.Recent developments
10.9.6.SWOT analysis
10.10.Texas Instruments
10.10.1.Overview
10.10.2.Business segments
10.10.3.Product portfolio
10.10.4.Financial performance
10.10.5.Recent developments
10.10.6.SWOT analysis
11.Appendix
11.1.Parent & peer market analysis
11.2.Premium insights from industry experts
11.3.Related reports
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