Fluid Sensors Segmentation
End-User (Automotive, Water & Wastewater, Oil & Gas, Chemical, Food & Beverages, Power & Utilities)
The power & utilities segment in the fluid sensors market is projected to show the highest share of about 38% during the forecast period. The need for additional electricity has been driven by an increase in production capacities and a significant energy demand at businesses because of the world's increasing population, which is also supporting the expansion of power and utility subsegments. The use of fluids sensors for power generation units such as heat and hydro plants has benefits, e.g. ensuring that emissions are lowest possible by means of a flow sensor. The ammonia NH3 gas output rate from chimneys shall be monitored by means of sophisticated flow meters and a number of different installation choices with regard to the flow measurement equipment. In line with the anticipated timeframe, these elements are expected to support subregions of growth.
Type (Flow Sensor, Level Sensor)
Fluid sensors market from the flow sensor segment is attributed to hold the largest share with about 62% during the projected period. As a result, in the petroleum and automotive sectors there is increasing demand for advanced feature flow sensors. In order to control liquid flow in the pipes it is becoming more and more important to use flow sensors. For the year 2021, motor vehicle production rose by 3 per cent, which would amount to approximately 80 million global vehicles produced on a yearly basis.
Our in-depth analysis of the global fluid sensors market includes the following segments:
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