Fluid Sensors Market - By Product (Pressure Sensors, Flow Sensors, Temperature Sensors, and Level Sensors), By Application (Power Generation, Chemical, Oil & Gas, Food & Beverages, and Water Treatment & Management), and By Region - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Fluid Sensors Market is predicted to show a significant growth of XXX CAGR during the forecast period. Fluid sensors are specialized sensors used to detect and monitor the level and flow of liquid in various sectors. These sensors play a vital role in variety of industrial and consumer applications. Sensors are characterised by special features like zero drift, full-scale drift, reproducibility, and repeatability. They play very crucial role for the water flow regulation and management of water levels in swimming pools, irrigation lakes, and cooling towers. Based on automatic and reliable design, the fluid sensors are highly beneficial over the old traditional ways used to detect water flow. The conventional electric water controllers used in the 90s were difficult to operate and often provided ineffective resolution, thereby creating the need to design fluid sensors. Furthermore, the factors like high durability and built - in technology for the identification of malfunction, has given rise to the demand for these sensors in the recent years.

Market Segmentation:

On the basis of product, the fluid sensors market is majorly segmented into pressure sensors, flow sensors, temperature sensors, and level sensors. By application, the market is categorised into power generation, chemical, oil & gas, food & beverages, and water treatment & management. By region, the fluid sensors market is classified into North America, Europe, and Asia Pacific, and RoW.

Market Dynamics and Factors:

Growing demand for the pressure and temperature sensors owing to the rapid advancements of new technologies in oil & gas and chemical industry is one of the major factor driving fluid sensors market across the globe. The demand for the non-contact flow sensors in food & beverage industry is also expected to show significant growth in the upcoming years. Moreover, growing consumer electronics and wireless transmission technology in power generation sector has boosted the demand of sensors which can withstand harsh environmental conditions and provide precise readings. However, expensive installation charges to set up the complex sensors coupled with lack of skilled technicians is a major restraint hindering the fluid sensors market growth. In addition to this, sensors are exposed to different hazardous chemicals which degrade their quality leading to the increased operational & maintenance cost, which is another factor hampering the fluid sensors market in the years to come.  Moreover, owing to increase in non-invasive sensing technology, the market is anticipated to witness considerable growth in waste water treatment plants in the near future.

Geographic Analysis:

North America is currently leading the fluid sensors market. Countries like the U.S., Canada, and Mexico are estimated to be major revenue contributors globally. Attributed to upcoming advanced leak detection technology in oil and gas sector, like infrared and laser testing in pipelines and hydraulic testing, the U.S. market is expected to be the major revenue contributor. The growing artificial intelligence in APAC countries is expected to propel the fluid sensors market growth. Additionally, government projects like the National Mission for Clean Ganga (NMCG) demands for the level and flow detection sensors which positively impacts the market growth. Requirement of barometric pressure sensors up to 115 kPa for engine control, vacuum and pressure switching sensors in the medical sector are also anticipated to fuel the growth of the market in countries like China and India. In addition to this, rise in industrialization in MEA is predicted to drive the fluid sensors market during the upcoming years.

Competitive Scenario:

The key players in the fluid sensors industry include Dow Corning, Momentive Performance Materials Inc., Wacker Chemie AG, KCC Corporation, ACC Silicones, BRB International S.A.U., Siltech Corporation, Shin-Etsu Chemical Co., Ltd., PetroChina Company Limited, Sinopec, Indian Oil Corporation Limited.

Fluid Sensors Market Report Scope