According to a recent market study published by Growth Market Reports, titled, “Global Industrial Sensors Market By Product Type, By Technology, By Application, By Distribution Channel and By Region: Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at US$ 23,494.7 Million in 2022 and is anticipated to expand at a growth rate of 8.8% by 2031.

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Sensors detect, analyze, measure, and process a variety of factors, such as alteration in position, length, height, exterior and dislocation that occurs in the industrial manufacture sites or locations. Industrial automation sensors are input devices that provide a signal (output) for a specific physical quantity (input).

These sensors are built to withstand harsh environments, such as extreme temperatures and humidity, which are commonly found in any industrial setting. Industrial sensors play a crucial role in monitoring and controlling various processes and parameters in industries, such as manufacturing, oil & gas, power generation, chemical processing, and others.

The global Industrial Sensors market has been segmented in terms of product type, technology, application, distribution channel, and region. In terms of product type, the global Industrial Sensors market is split into pH Sensors, Oxygen Sensors, Conductivity Sensors, Turbidity Sensor, Dissolved Carbon Dioxide (DCO₂) Sensors, ORP Sensors, and Others.

Based on technology, the market is divided into analog and digital. On the basis of application, the market is fragmented into pharmaceutical, chemical, refineries, food & beverages, power plants, biotechnology, semiconductors, pulp & paper, mining, and others. Based on distribution channel, the market is divided into offline and online. Considering regions, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

The COVID-19 pandemic had a considerable impact on various markets, including the industrial sensors market. The global supply chains were disrupted during the pandemic, which was one of the important factors contributing to the decline of the market in 2020.

Additionally, many manufacturers of sensors were forced to close their production facilities, owing to strict governmental regulations, labor shortages, and supply chain disruptions. There is a growing graph for pharmaceutical industries, which in turn, supported the growth of the industrial sensors market during pandemic.

The pandemic drove the demand for sensors used in medical equipment, patient monitoring, and diagnostics as well as for technologies supporting remote patient care. Industries such as automotive and mining experienced a downturn during the pandemic, leading to a decrease in the sensor demand in those industries.

Key Takeaways from the Study:

  • Players in the global Industrial Sensors market include ABB, AMETEK. Inc. (Alphasense), Emerson Electric Co., Endress+Hauser Group Services AG, Georg Fischer Ltd., Halma PLC, Hamilton Company, PreSens Precision Sensing GmbH, Robert Bosch LLC, Siemens, and Yokogawa Corporation. These players held a major share of the global Industrial Sensors market in 2022.

  • Rising demand for smart sensors in various industries and rising automobile industry across the globe are key factors that drive the Industrial Sensors market.

  • Predictive maintenance is expected to create opportunities in the coming years.

  • Based on product type, the market is segmented into pH Sensors, Oxygen Sensors, Conductivity Sensors, Turbidity Sensor, Dissolved Carbon Dioxide (DCO₂) Sensors, ORP Sensors, and Others. The Oxygen Sensors segment is expected to hold a considerable share of the market during the forecast period, as industries often require oxygen sensors to ensure safety and environmental regulations compliance.

  • Based on technology, the market is fragmented into analog and digital. The digital segment holds a key share of the market. as they offer higher accuracy and precision in measurements compared to analog sensors. This accuracy is crucial for industries that require precise control, monitoring, and decision-making.

  • Moreover, in January 2023, Sensirion AG, a sensor solutions firm, introduced the SHT401-Analog, a humidity and temperature sensor that is specifically designed for industrial applications, including refrigerator and air-conditioner use cases and harsh environments.

  • Based on application, the market is segmented into pharmaceutical, chemical, refineries, food & beverages, power plants, biotechnology, semiconductors, pulp & paper, mining, and others. The refineries segment is anticipated to expand at a CAGR of 8.4% during the forecast period, due to the increasing global energy demand. The rising demand for refined products is driven by global energy consumption.

  • Also, in 2022, global energy consumption increased at a slower rate than the global GDP, +2.1% and around +3%, respectively.

  • Based on the distribution channel, the market is segmented into online and offline. The online segment is anticipated to expand at a significant CAGR during the forecast period. Increasing Internet connectivity and the growing adoption of mobile internet devices are driving the market. For instance, in 2021, the number of mobile users stood at 7.1 billion globally, which is expected to rise to 7.49 billion by 2025.

  • Based on regions, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe accounted for a significant share of the market in 2022. The UK is expected to hold considerable share of the industrial sensors market. The continuous development of sensor technology, including IoT connectivity, miniaturization, and improved accuracy has increased the adoption of industrial sensors in various sectors.

Report of Industrial Sensors Market Scope:

Report Metric

Details

Market Value in 2022

US$ 23,494.7 Million

Market Growth Rate (from 2022 to 2031)

8.8%

Historical Data

2016 & 2021

Base Year

2022

Forecast Period

2023 – 2031

Units Considered

Value (US$ Million)

Market Segments

By Product Type, By Technology, By Application, By Distribution Channel, and By Region

Key Companies Profiled

ABB, AMETEK.Inc. (Alphasense), Emerson Electric Co., Endress+Hauser Group Services AG, Georg Fischer Ltd., Halma PLC, Hamilton Company, Honeywell International Inc., Knick Electronic Measuring Devices GmbH & Co. KG, METTLER TOLEDO, M4 Knick, PASCO SCIENTIFIC, PreSens Precision Sensing GmbH, Robert Bosch LLC, Siemens, and Yokogawa Corporation.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.

 

Target Audience:

  • Supply-side: Vendor, Manufacturer, Distributors, Supplier, Retailer.

  • Regulatory Side: Concerned government authorities, and other approved regulatory bodies, Organization For Economic Co-operation and Development (OECD), American Society for Testing and Materials (ASTM)