An industrial sensor is a device that detects and responds to the input from the physical environment. The specific input could be pressure, position, level, gas, temperature, image, humidity, flow, and force.
The industrial sensors market is expected to be valued at USD 16.0 billion in 2018 and is likely to reach USD 21.6 billion by 2023, at a CAGR of 6.16% during the forecast period. The growth of this market is driven by growing Industrial 4.0 and IIoT, surging wireless sensors market, and burgeoning demand for industrial robots.
The major players in the industrial sensors market have primarily adopted the strategy of product launches to strengthen their product portfolios and expand the reach of their offerings to new clients. For instance, in November 2018, Honeywell launched a new connected gas detector designed to keep industrial operations safe while making setup, maintenance, and compliance reporting faster and easier by leveraging Bluetooth connectivity. Besides product launches, agreements, partnerships, and expansions are other key strategies adopted by companies to grow in the industrial sensors market.
Rockwell Automation (US) and Honeywell (US) are among the major players in the industrial sensors market. Rockwell Automation is a well-known and trusted company in the industrial sensors market. The company operates through 2 business divisions: Control Products & Solutions and Architecture & Software. The company is an industrial service provider with a strong portfolio including consulting, integration, maintenance, and mechanical support for process and discrete industries. The company had ~22,000 employees, worldwide in 2017. The company has its presence in more than 80 countries, serving industrial and commercial customers across the world. The company has 3 main strategic brands Allen-Bradley, Rockwell Software, and Rockwell Automation. Other than these 3 brands, the company has ~20 extended and acquired operating brands, namely, Anorad (US), CEDES (Germany), Hengsheng (China), ICS Triplex (UK), TESCH (Germany), and Pavilion Technologies (Africa).
Rockwell delivers a wide range of solutions and services for applications such as food & beverages, life sciences, oil & gas, mining, cement, metals, pulp & paper, and water & wastewater. The company offers start-to-end industrial services to its end users. The available solutions offer the company an advantage over its competitors for increased growth. The company adopts both organic and inorganic growth strategies. In the last 3 years, Rockwell Automation offered 2 products related to the industrial sensors segment.
Download PDF Brochure:-
Honeywell is one of the leading companies providing industrial sensors. The company has a wide portfolio of industrial sensors consisting of load sensor, torque sensor, pressure sensor, displacement sensor, and accelerometer portfolio satisfying a variety of customer needs. The company has a strong R&D capability. The company has ~150 research and engineering facilities located the US, India, Europe, and China. The company has invested ~5% of its sales in R&D in 2016, 2015, and 2014. The company has ~38,000 granted and pending patents. This offered the company to leverage the benefit from innovation for changing customer demand.
APAC is expected to hold the largest share of the industrial sensors market in 2018. China and Japan are the key countries contributing to the growth of the industrial sensors market in APAC. APAC is the largest market for industrial sensors because of the presence of China in this region. China’s manufacturing output is the largest in the world. It is one of the major manufacturers of consumer electronics, automobiles, etc.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441