With Market Size Valued at $5.3 Billion by 2026, it`s a Healthy Outlook for the Global Industrial Wireless Sensors Market

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Jun 29, 2022, 04:25 ET

SAN FRANCISCO, June 29, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Industrial Wireless Sensors - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
What's New for 2022?

With Market Size Valued at $5.3 Billion by 2026, it`s a Healthy Outlook for the Global Industrial Wireless Sensors Market

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Edition: 6; Released: January 2022
Executive Pool: 30840
Companies: 21 - Players covered include ABB Group; Baumer Group; Curtiss-Wright Corporation; Danfoss A/S; Emersion Electric Co.; General Electric Company; Honeywell International, Inc.; Johnson Controls International PLC; Jumo AS; ProTAACS; Rockwell Automation, Inc.; SCHMIDT Technology GmbH; Schneider Electric SA; Shanghai Yuanben Magnetoelectric Tech Co., Ltd.; Shenzhen Sensor Electronic Technology Co., Ltd.; Siemens AG; Siko GmbH; Texas Instruments, Inc.; Yokogawa Electric Corporation and Others.

Coverage: All major geographies and key segments
Segments: End-Use (Industrial, Energy, Other End-Uses); Product (Flow sensors, Temperature sensors, Gas sensors, Pressure sensors, Other Products)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Industrial Wireless Sensors Market to Reach $5.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Industrial Wireless Sensors estimated at US$3 Billion, is projected to reach a revised size of US$5.3 Billion by 2026, growing at a CAGR of 9.7% over the analysis period. Flow sensors, one of the segments analyzed in the report, is projected to record a 10.8% CAGR and reach US$1.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Temperature sensors segment is readjusted to a revised 9.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1 Billion in 2021, While China is Forecast to Reach $919.6 Million by 2026
The Industrial Wireless Sensors market in the U.S. is estimated at US$1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$919.6 Million by the year 2026 trailing a CAGR of 9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.9% and 7.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR.

Gas sensors Segment to Reach US$593 Million by the year 2026
In the global Gas sensors segment, USA, Canada, Japan, China and Europe will drive the 12.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$236.8 Million will reach a projected size of US$533 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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