Global Humidity and Moisture Sensors Market, Forecast to 2023
This research service analyzes current and future trends in the global humidity and moisture sensors market for diverse process and discrete applications. The market analysis is based on end users and product types segmented into process and non-process industries. Market trends and forecasts are further broken down by technology, product type, sensor type, and geographic region. The research service outlines the competitive structure and provides a total market share analysis. The forecast period is from 2017 to 2023, with 2016 as the base year.
The global humidity and moisture sensors market size is expected to hit USD 1.90 billion by 2023. Though recent decline in crude oil prices has impacted the growth of recovery gas through fracking, once the oil prices improve a number of technologies like tunable diode laser (TDLAS) and thermal paramagnetic will experience a surge in sales. Chemicals and petrochemicals, power generation, food and beverages, specialty chemicals, and gaseous effluents are the fastest-growing end-user segments of humidity and moisture sensors climbing at upwards of a 12% compound annual growth rate (CAGR). Humidity has a pronounced effect on product quality, performance, safety, and cost, so maintaining correct moisture ratios stimulates higher yields in process applications, in certain cases over 100%. This has led to increased adoption of monitoring sensors in most regions, but more so in North America and Europe.
Detection, measurement, and control of humidity and moisture ensure operational efficiency and safety during discrete manufacturing. Increased use of humidity sensors is seen across a number of discrete industry end-user segments; specifically, the surge of use in automotive, semiconductors, soil testing, and HVAC for commercial and industrial applications has resulted in the development of both combined sensors (e.g., humidity sensors used with temperature and pH sensors) and smaller form factors used for diverse applications. The combined sensors are used particularly in climate control and environmental applications for maintaining desired humidity levels and keeping acidity under check.
Key questions this study will answer:
• What are the key market dynamics?
• What are the key technologies on which humidity and moisture sensors are based, and what are the growth patterns?
• Who are the main competitors in the global market? Are the existing competitors structured correctly to meet customer needs?
• How is the adoption of newer technologies vis-á-vis changing user needs across vertical markets?
• What are the key application areas and trends for humidity and moisture sensors in process and non-process industries?
• Who are the top end users poised for higher growth?
Humidity and Moisture measurement has attained importance due to safety and increase in yield in process applications. Non-contact technologies like TDLAS and IR are increasingly used in gas humidity analysis. Combinational meters measuring humidity/ moisture and other parameters like pH, temperature, are replacing stand alones. Accuracy of measurement is the key purchase factor. In the process industry sector humidity and moisture sensors are key to maintain process integrity.
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