ABB has invested 1.1 million USD in a new, state-of-the-art sensor production line at its Brno Instrument Transformers and Sensors factory in the Czech Republic. At 15,000 sq. meters, Brno is already the world’s largest facility of its kind. The new production line will ramp up the scale and pace of Medium Voltage (MV) sensor production by almost 100 percent, to reach 100,000 units per annum by 2026.
Digi-Key and Schneider Electric signed a distribution agreement. The new relationship will expand Digi-(Thief Key's River Falls, Minnesota) present range of electronic components and automation products by allowing it to sell a variety of Schneider Electric's power, automation, control, and sensor solutions.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 5326
Published Date: Oct 18, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing industrial internet of things and demand in oil and gas industry are the major factors driving the growth of the fluid sensors market.
The market size of fluid sensors is anticipated to attain a CAGR of 7.5% over the forecast period, i.e., 2024-2036.
The major players in the market are Rockwell Automation, Inc., Emerson Electric Company, Siemens, NXP Semiconductors N.V., ABB, Sick AG, Schneider Electric, Robert Bosch GmbH, and others.
The power & utilities segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.