Fluid Sensors Market Size and Forecast 2024-2033|Schneider Electric SE, Siemens AG, ABB Ltd., Honeywell International Inc., Robert Bosch GmbH

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Overview and Scope

Fluid sensors refer to a device that measures variables in liquid or gaseous mediums, such as pressure, velocity, temperature, or fill level. The product line consists of models with one or two measuring functions, an integrated analysis module, and display, stainless steel or plastic construction, and either two analog switch outputs or an IO-Link output.

Sizing and Forecast

The fluid sensors market size has grown strongly in recent years. It will grow from $14.62 billion in 2023 to $15.93 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to industrial automation growth, industry 4.0 revolution, rise in manufacturing activities, demand for environmental monitoring, automotive sector expansion.

The fluid sensors market size is expected to see strong growth in the next few years. It will grow to $22.22 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to environmental monitoring emphasis, stringent safety regulations, energy sector demands, agricultural automation, wastewater treatment enhancements.. Major trends in the forecast period include rapid prototyping and iterative design, cross-industry applications, human-machine interfaces (hmi), digital twins and simulation, flexible and customizable sensors.

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Segmentation & Regional Insights

The fluid sensors market covered in this report is segmented –

1) By Type: Flow Sensor, Level Sensor

2) By Technology: Non-Contact Sensor, Contact Sensor

3) By End-User: Automotive, Water And Wastewater, Oil And Gas, Chemical, Food And Beverage

Asia-Pacific was the largest region in the fluid sensors market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the fluid sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

The rising demand from the oil and gas industry for the detection of liquid leakages is expected to drive the fluid sensors market going forward. A fluid sensor helps to detect any leakage of chemical liquids and pure water. For, instance, according to the U.S. Energy Information Administration (EIA), a US-based government agency, crude oil production will average 12.8 million barrels per day in 2023. Therefore, rising demand for the detection of liquid leakages is driving the growth of the fluid sensors market.

Key Industry Players

Major companies operating in the fluid sensors market report are Schneider Electric SE, Siemens AG, ABB Ltd., Honeywell International Inc., Robert Bosch GmbH, Emerson Electric Co., SICK AG, NXP Semiconductors N.V., Texas Instruments Incorporated, Rockwell Automation Inc., First Sensor AG, OMEGA Engineering Inc., Rechner Industrie-Elektronik GmbH, Yokogawa Electric Corporation, TE Connectivity Ltd., Murata Manufacturing Co. Ltd., TDK Corporation, Nidec Corporation, Amphenol Corporation, Broadcom Inc., Mouser Electronics Inc., Eaton Corporation, Garmin Ltd., Curtiss-Wright Corporation, Baxter International Inc., Fortive Corporation, MTS Systems Corporation, Panasonic Corporation, Samsung Group, Qualcomm Incorporated

The fluid sensors market report table of contents includes:

1. Executive Summary

2. Fluid Sensors Market Characteristics

3. Fluid Sensors Market Trends And Strategies

4. Fluid Sensors Market – Macro Economic Scenario

5. Global Fluid Sensors Market Size and Growth

26. South America Fluid Sensors Market

27. Brazil Fluid Sensors Market

28. Middle East Fluid Sensors Market

29. Africa Fluid Sensors Market

30. Fluid Sensors Market Competitive Landscape And Company Profiles

Top Major Players: