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Fluid Sensors Market to Grow at a CAGR of 5.5% - Global Industry Analysis, Trends, Market Size and Forecasts up to 2024 - ResearchAndMarkets.com

17 December 2018

DUBLIN--(BUSINESS WIRE)-- The "Fluid Sensors Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.

The report predicts the global fluid sensors market to grow with a CAGR of 5.5% over the forecast period of 2018-2024. The report on global fluid sensors market provides qualitative and quantitative analysis for the period of 2016 to 2024.

Rapidly growing demand of non-contact sensors from oil & gas and food and beverage industries drives the growth of fluid sensor market. In the both oil and gas industries the optical sensors are used to monitor storage tanks, hydraulic and lubricating oil reservoirs, during this process they are in contact with the various corrosive materials so they need to be replaced within short period of time. In addition, the both contact and non-contact fluid sensors are majorly used in the water and waste water treatment.

Rising water and waste water treatment industry across the world are likely to escalate the growth of fluid sensors market. Moreover, growing digitalization and adoption of wireless fluid sensors for remote sensing applications are projected to create several opportunities for the fluid sensor market in upcoming years.

Geographically, North America holds the largest market share in the fluid sensor market in 2017 and is expected to be the foremost market over the forecast period. In addition, various government agencies are taking initiative to improve the water and the waste water treatment industries that creates the huge demand of water level measurement equipment such as Fluid sensors in the North America.

Segment Covered

Global Fluid Sensors Market by Detection Method

  • Contact
  • Non-contact

Global Fluid Sensors Market by Product Type

  • Pressure Sensors
  • Level Sensors
  • Temperature Sensors
  • Flow Sensors

Global Fluid Sensors Market by End Use Industry

  • Chemical
  • Oil & Gas
  • Food And Beverages
  • Power Generation
  • Water And Waste Water Treatment

Company Profiles

  • Schneider Electric AG
  • Honeywell Corporation
  • Infineon Technology
  • BOSCH
  • SICK AG
  • Sensirion AG
  • Futek Advance Sensor Technologies
  • Yokogawa Electric Corporation
  • General Electric Company

For more information about this report visit https://www.researchandmarkets.com/research/jkh279/fluid_sensors?w=4