According to the research report titled ‘Global Industrial Sensor Market Analysis By Sensor Type, By Positional Type (Contact, Non-Contact), By End User, By Region, By Country (2019 Edition): Opportunities and Forecast (2013-2023)’, available with Market Study Report, global industrial sensor market is expected to grow with a CAGR of 5.27% during 2018-2023.
 

Rapid industrialization and favorable government initiatives which promote innovations in energy and manufacturing sectors are major factors fueling the growth of worldwide industrial sensor market. Numerous players who are engaged in manufacturing, designing and supplying of industrial sensors are primarily focusing on incorporating IoT (Internet of Things) technology in order to measure data and to improve the efficiency of manufacturing plants.
 

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Increasing energy production and expanding industrial operations are further aiding the market outlook. Emergence of Industry 4.0 and mounting development & applications of image sensors for security and sensing purposes are also stimulating the industry outlook.
 

As per sensor types, global industrial sensor market is split into humidity sensor, temperature sensor, flow sensor, force sensor, position sensor, pressure sensor, gas sensor, image sensor, level sensor and others. In terms of position type, the industry is bifurcated into non-contact type and contact segments.
 

Elaborating on the end-user landscape, the market is segmented into mining, manufacturing, pharmaceuticals, waste & wastewater, chemicals, oil & gas, and power.
 

From the regional frame of reference, global industrial sensor market is split into Asia-Pacific, Europe, Americas and rest of the world. Indonesia, South Korea, Japan, China, UK, Italy, France, Germany, Brazil, Mexico and the U.S. are the point of focus.
 

The report states that industrial sensor market in Europe and North America is predicted to expand significantly during the forecast duration. On the other hand, Asia-Pacific market is slated to register remunerative growth in the ensuing years, primarily driven by increasing manufacturing and industrial activities across the region.
 

The research report on global industrial sensor market provides a broad perspective of this business space and offers statistical information regarding the market shares and its size while elaborating on the growth factors impacting the industry outlook. The study aims to provide high-quality market intelligence, which further enables for efficient decision making during investment assessment.
 

The prominent companies operating in global industrial sensor market are Integrated Device Technology Inc., First Sensors AG, Yokogawa Electric Corporation, Honeywell International Inc., Schneider Electric, Siemens AG, ABB Ltd., Emerson Electric Corp., and Rockwell Automation Inc. among others.