Dublin, July 30, 2024 (GLOBE NEWSWIRE) -- The "Flow Sensors - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Flow Sensors is estimated at US$11.1 Billion in 2023 and is projected to reach US$17.8 Billion by 2030, growing at a CAGR of 6.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth of the flow sensor market is driven by several factors. These include the critical role of flow sensors in optimizing industrial processes, ensuring quality control, and enhancing energy efficiency, which collectively contribute to operational cost reductions. Flow sensors also protect equipment by preventing damage from flow irregularities and help industries comply with environmental and safety regulations by monitoring hazardous conditions. Technological advancements in sensor technology are enhancing their accuracy, reliability, and scope, increasing adoption across industries.
Moreover, the integration of IoT and data analytics platforms enables real-time monitoring and data-driven decision-making, improving predictive maintenance strategies. The versatility of flow sensors ensures their continued relevance in a range of applications from healthcare to automotive, indicating a promising future with expanded roles and capabilities.
Key Questions Answered:
- How is the Global Flow Sensors Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Power Generation End-Use segment, which is expected to reach US$4.7 Billion by 2030 with a CAGR of a 6.9%. The Oil & Gas End-Use segment is also set to grow at 5.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $2.9 Billion in 2023, and China, forecasted to grow at an impressive 10.2% CAGR to reach $4.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ABB, Analog Devices Inc., Emerson Electric Co.,, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 263 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $11.1 Billion |
| Forecasted Market Value (USD) by 2030 | $17.8 Billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Flow Sensors - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Global Economic Update
MARKET TRENDS & DRIVERS
- Increasing Automation in Industrial Processes Drives Market for Flow Sensors
- Technological Innovations in Flow Measurement Propel Market Growth
- Rising Adoption in Water and Wastewater Management Expands Addressable Market Opportunity
- Growth in Oil and Gas Industry Spurs Demand for Flow Sensors
- Integration of Flow Sensors in Smart Meters Strengthens Business Case
- Expansion of Industrial IoT Throws Spotlight on Connectivity
- Growing Use in Healthcare and Medical Devices Generates Market Opportunities
- Adoption of Flow Sensors in HVAC Systems Accelerates Market Growth
- Development of Wireless Flow Sensors Sustains Market Expansion
- Increasing Focus on Energy Efficiency. This is How it Impacts the Market
- Growing Use in Food and Beverage Industry Spurs Market Demand
- Advances in Ultrasonic and Coriolis Technologies Strengthen Market Growth
- Adoption of Flow Sensors in Smart Water Management Expands Market Opportunity
- Development of Miniaturized Flow Sensors Here's the Story
- Adoption of Flow Sensors in Automotive Industry Spurs Market Growth
FOCUS ON SELECT PLAYERS (Total 22 Featured)
- ABB (Switzerland)
- Analog Devices Inc. (USA)
- Emerson Electric Co. (USA)
- First Sensor AG (Germany)
- Gems Sensors & Controls (USA)
- Gill Research & Development Ltd. (UK)
- Honeywell International, Inc. (USA)
- Keyence Corporation (Japan)
- Meggitt PLC (UK)
- Omron Corp. (Japan)
- Posifa Microsystems, Inc. (USA)
- Robert Bosch GmBH (Germany)
- Sensirion AG (Switzerland)
- SICK AG (Germany)
- Siemens AG (Germany)
- Thomas Products Ltd. (USA)
- UTC Aerospace Systems (USA)
For more information about this report visit https://www.researchandmarkets.com/r/5ttu9q
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