March 11, 2019 by Steve Blade
Use of airflow sensors in building automation projects, especially as a component in HVAC systems are positioned to create plethora of white spaces for air flow sensor manufacturers. China along with ASEAN and South Asian countries to captivate global air flow sensor industry stakeholders.
Fact.MR delivers key insights on the Airflow Sensors Market in its report titled ‘Airflow Sensors Market Forecast, Trend Analysis & Competition Tracking- Global Review 2017 to 2026.’ The long-term outlook on the global Airflow Sensors market will remain positive, with the market value expected to increase at a CAGR of 3.6% during the forecast period.
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In the report, average volume per year from airflow sensors has been expressed in volume (‘000 Units). According to end use industry, the building automation segment is expected to register healthy growth during the forecast period, with companies focusing on developing integrated solutions as per the demand from various countries. Based on output type, the analog segment is expected to witness a significant CAGR, in terms of volume and value, during the forecast period.
On the basis of output type, the global Air flow sensors market is segmented into digital and analog air flow sensors. Among them, analog type air flow sensors market accounted for 63.2% share in 2017 in terms of value. On the basis of flow range, Upto 50 segment of the market is expected to account for 49.9% share in 2017 in term of value.
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On the basis of end-use, the global Air flow sensors market is segmented into automotive, aerospace, healthcare, food & beverage, chemical, building automation and other industrial segments. The building automation segment of the air flow sensors market is expected to account for sizable share in the overall air flow sensors market by the end of the forecast period owing to increasing demand of HVAC (heating, ventilating, and air conditioning) systems in developing and developed countries.
China Air flow sensors market accounted for a value share of 21.8% in 2017 and is forecast to maintain its dominance in the global Air flow sensors market over the forecast period and the Europe Air flow sensors market is projected to represent significant incremental opportunity between 2018 and 2026. The North America Air flow sensors market, on the other hand, is estimated to expand at a significant CAGR in terms of value and volume over the forecast period. Sales of Air flow sensors in Japan is projected to represent total incremental opportunity of US$ 54.2 Mn between 2018 and 2026 while the MEA Air flow sensors market is projected to expand at a moderate CAGR, in terms of value, over the forecast period.
Some of the key market participants included in the Global Airflow Sensors market report are TE Connectivity, Honeywell International Inc., DENSO CORPORATION, First Sensor AG, Delphi Technologies, HELLA GmbH & Co. KGaA , Continental AG, Sensata Technologies, Inc., TDK Corporation, Siemens AG, OMRON Corporation, and Robert Bosch GmbH and others.
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