The fluid sensors market is expected to expand at a compound annual growth rate (CAGR) of 6.9% over the forecast period, with a valuation of USD 15.6 billion in 2022. Electronic devices known as fluid sensors control the flow of gases and liquids through pipelines and tubes. They are utilized in many different industries, including as the production of chemical energy, water and wastewater treatment, and oil and gas.
The rising need for oil quality testing and tank level monitoring in the oil and gas sector is anticipated to drive substantial expansion in the fluid sensors market over the forecast period. The remote monitoring and control of fluid systems made possible by the Internet of Things (IoT) and Industrial Internet of Things (IIoT) is propelling the market's expansion.
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Fluid Sensors: Driving Automation And Innovation Across Industries
The need for fluid sensors to monitor and regulate diverse processes is being driven by the growing adoption of automation in industries.
Numerous industries, including the automotive, oil and gas, manufacturing, pharmaceutical, precision agriculture, healthcare, and energy management sectors, use fluid sensors. Fluid sensors are utilized in the automotive industry for emission monitoring and engine control. Reliable and high-quality sensors are essential in the oil and gas business due to the severe and extreme circumstances.
In order to distinguish oil from other fluids during oil drilling operations, multi-level sensors are also utilized. Fluid sensors are becoming even more necessary as a result of options for remote fluid system monitoring and control being made possible by the Internet of Things (IoT) and Industrial Internet of Things (IIoT).
Segmentation
By Type
· Flow Sensor
· Level Sensor
By Technology
· Contact Sensor
· Non-Contact Sensor
By End-User
· Automotive
· Water and Waste water
· Oil and Gas
· Chemical
· Food and Beverage
· Power and Utilities
· Others
Regional Outlook
· North America
· Asia Pacific
· South America
· Europe
· Middle East and Africa
Key Players
· Siemens
· Texas Instruments
· Honeywell
· Robert Bosch GmbH
· Emerson Electric Company
· NXP Semiconductor NV
· Rockwell Automation
· Sick AG
· Schneider Electric
· Other Players
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