With a 2022 valuation of USD 15.6 billion, the worldwide fluid sensors market is expected to expand at a compound annual growth rate (CAGR) of 6.9% during the course of the forecast year. Electronic devices called fluid sensors control how gases and liquids move through pipes and tubes. They are employed in many different industries, including as chemical power production, water and wastewater treatment, and oil and gas.
The growing need for oil quality testing and tank level monitoring in the oil and gas sector is anticipated to propel the fluid sensors market's growth during the forecast period. The market is expanding as a result of the opportunities that the Internet of Things (IoT) and the Industrial Internet of Things (IIoT) are generating for remote fluid system monitoring and control.
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Fluid Sensors: Driving Automation And Innovation Across Industries
Automotive, oil and gas, manufacturing, pharmaceuticals, precision agriculture, healthcare, and energy management are just a few of the industries that use fluid sensors. Fluid sensors are employed in the automotive industry for emission monitoring and engine control. The severe and demanding conditions in the oil and gas sector necessitate the use of dependable and superior sensors.
Oil drilling operations also use multi-level sensors to differentiate oil from other fluids. Fluid sensors are becoming more and more necessary as a result of the Internet of Things (IoT) and Industrial Internet of Things (IIoT) opening up possibilities for remote fluid system monitoring and control.
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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