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Global Wireless Flow Sensors Market - Segmented by Technology (Bluetooth, ZigBee, RFID, Wi-Fi, WLAN, EnOcean), Application (Water and Wastewater, Chemicals and Petrochemicals, Power Generation), and Region - Growth, Trends, and Forecast (2018 - 2023)

Global Wireless Flow Sensors Market - Segmented by Technology (Bluetooth, ZigBee, RFID, Wi-Fi, WLAN, EnOcean), Application (Water and Wastewater, Chemicals and Petrochemicals, Power Generation), and Region - Growth, Trends, and Forecast (2018 - 2023)

The wireless flow sensors market was valued at USD 0.46 billion in 2017, and is expected to reach a value of USD 1.62 billion by 2023, projecting a CAGR of 22.37%, during the forecast period (2018 - 2023). The market is segmented by technology Bluetooth, zigbee, RFID, Wi-Fi, WLAN and Enocean and the applications segment is limited to water and waste water management, power generation, chemical and petrochemical. The regions considered in the scope of the report include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Increasing Adoption of Wireless Technologies will drive the Market Growth

Wireless sensors are proving to be advantageous over wire line, with wider range of features and compatibility, and faster response and lower power consumption. Growing investments by leading players and demand for wireless technologies from end-user industries are supporting the market. With growing number of companies moving toward wireless, the production costs are also declining, thereby enabling wider consumption in the market. However, lack of awareness and capital in developing markets and strong foothold of wire line sensors in traditional markets, are acting as restraints to the growth of wireless sensors, with many consumers being skeptical over the adoption of new technologies.

Water and Wastewater Management Segment Is the Largest Market

With water scarcity becoming one of the major challenges faced by many countries, the investments in this industry are expected to surge over the forecast period. This is expected to influence the demand for wireless flow meters market. Industrial growth in developing nations has also been identified as one of the driving factor for the market. With new industrial establishments and growing investments in emerging nations, the market for flow meter in countries, like China, India, and Israel, etc. is expected to witness high growth during the forecast period.

North America has a Major Market Share

The United States is the largest consumer of Wireless flow sensors in North America. Wireless flow sensors occupy a major share in the United States with significant demand from water and wastewater industry. The market in United States region is driven by technology with consumers preferring products offering latest technology with reliable performance. Thus, flow meters are becoming extremely popular among the end-users in this country. With many large companies being established players in the market, United States remains one of the prominent regions for wireless flow sensors market in the globe.

Key Developments in the Market

  • January 2017 - Honeywell had launched a new Bluetooth-enabled fixed gas detector, Sensepoint XCL, for commercial and light industrial applications, enabling users to easily set up and maintain the device using a simple smartphone app. The Sensepoint XCL is a wall-mounted device that monitors for hazardous levels of specific gases, such as carbon monoxide, ammonia or methane, keeping operations and employees safe

Reasons to Purchase this Report
  • Latest trends coupled with the latest innovations in the industry
  • Analyze various perspectives of the market with the help of Porter’s five forces analysis
  • Regional analysis of the market
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet ((in Excel).
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1. Introduction
1.1 Key Study Deliverables
1.2 Key Study Assumptions
1.3 Market Definition
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Application of Temperature Sensors in Industries
4.2.2 Increasing Demand for Temperature Sensors in Consumer Electronics
4.3 Market Restraints
4.3.1 High Cost of the System
4.4 Porter’s Five Forces Model – Industry Attractiveness
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitutes
4.4.5 Intensity of Competitive Rivalry
5. Technology Snapshot
6. Global RTD Temperature Sensors Market - by Type of Measurement
6.1 Surface Measurement
6.2 Liquid Measurements
6.3 Air and Gas Stream Measurements
7. Global RTD Temperature Sensors Market Breakdown by End-user Industry
7.1 Consumer Electronics
7.2 Automotive
7.3 Aerospace & Defense
7.4 Healthcare
7.5 Chemical
7.6 Oil & Gas
7.7 Energy and Power
7.8 Food & Beverage
7.9 Retail Sector
7.10 Manufacturing
7.11 Others
8. Global RTD Temperature Sensors Market Breakdown by geography
8.1 North America
8.2 Europe
8.3 Asia Pacific
8.4 Middle East & Africa
8.5 Latin America
9. Global RTD Temperature Sensors Market - Company Profiles
9.1 Texas Instruments Incorporated
9.2 Panasonic Corporation
9.3 Siemens AG
9.4 Honeywell International, Inc.
9.5 ABB Ltd.
9.6 Analog Devices, Inc.
9.7 General Electric
9.8 Kongsberg Gruppen
9.9 Emerson Electric Company
9.10 STMicroelectronics
9.11 Microchip Technology Incorporated
9.12 NXP Semiconductors N.V.
9.13 Maxim Integrated Products
*List is Not Exhaustive
10. Investment Analysis
10.1 Investor Outlook
10.2 Recent Mergers & Acquisitions
11. Future Outlook of RTD Temperature Sensors Market

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