Saturday, 25 May 2024
Monday, 18 Sep 2023 12:00 am

Air Flow Sensors Market is expected to reach US$ 3.50 billion by 2030

The air flow sensors market size is projected to grow at a CAGR of 4.8% during 2022-2030, to surpass USD 3.50 billion by 2030, from USD 2.41 billion in 2022

By The Insight Partners

Growing Popularity of Digital Airflow Sensors Provide Opportunities for Airflow Sensor Market During 2022–2030

Air Flow Sensors Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis – by Type, Output Signal and Application," the airflow sensor market is expected to grow from US$ 2.41 billion in 2022 to US$ 3.50 billion by 2030; it is estimated to register a CAGR of 4.8% from 2022 to 2030.

The airflow sensor market size is expected to grow considerable during the forecast period. The ability of digital airflow sensors to provide real-time data and feedback supports energy-efficient operations. HVAC systems, for instance, can be adjusted based on actual airflow needs, reducing energy consumption and costs. By providing real-time data on airflow performance, digital sensors contribute to predictive maintenance strategies. Digital sensors can provide insights into the health and condition of the equipment they monitor. They can detect abnormalities or inefficiencies in airflow, helping maintenance teams identify issues before they escalate into larger problems. Various companies are taking various initiatives, such as partnerships and collaboration. In September 2021, Global software, technology, and engineering leader Emerson collaborated with S&P 100 consumer products manufacturer Colgate-Palmolive Company to reduce waste energy in Colgate’s product packaging facilities and contribute to its goal of achieving net zero carbon emissions in operations by 2040. Colgate-Palmolive pursues a net zero carbon target with Emerson’s smart sensor technology for compressed air monitoring. Thus, the growing popularity of digital airflow sensors is likely to further boost the airflow sensor market growth.

Airflow Sensor Market — by Geography, 2022

To get free sample copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPRE00002807

Source: The Insight Partners Analysis

Honeywell International Inc., POSIFA Microsystems Inc., Siemens AG, Denso Corporation, Bosch, Degree Controls Inc., TE Connectivity Corporation, CARDONE Industries, Sensirion AG Switzerland, and Analog Devices are among the key players profiled in the airflow sensor market report. Several other major airflow sensor market players were studied and analyzed during this airflow sensor market research study to get a holistic view of the market and its ecosystem. The airflow sensor market report provides detailed market insights, which can help the market players strategize their growth prospects in the airflow sensor market during the forecast period.

The airflow sensor market in North America is further segmented into the US, Canada, and Mexico. North American countries have booming automotive, technology, manufacturing, and aerospace industries. The North American manufacturing industries emphasize modernizing their process by adopting high-tech products and solutions. Several automotive manufacturers, such as General Motors and Ford, have their operating sites in the region. Strong and efficient engine operations require precise measurement of the volume and density of the air entering the engine. An airflow (MAF) sensor accurately measures airflow information and communicates it to an engine control unit (ECU). Thus, the airflow sensor market in North America is expected to grow during the forecast period.

The airflow sensor market size in Canada is expected to grow during the forecast period. In Canada, airflow sensors are used in large volumes in the manufacturing and automotive sectors, among others. The labor cost in Canada is relatively high, making automation an attractive option for businesses looking to reduce costs. According to the Government of Canada, manufacturing is a growing sector and accounts for more than 10% (~US$ 174 billion) of the total national GDP. Thus, the flourishing manufacturing sector favors the airflow sensor market growth in the country.

Contact Us
Contact Us: The Insight Partners 
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com

The Insight Partners :    https://www.theinsightpartners.com

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Smarter Decisions with Smart News

Smart Market News is committed to getting its readers the latest updates and insights on industries that help in making “smarter” business decisions. With insights and inputs from corporate decision makers, we bring you the stories of adopting innovative solutions and strategies that have been changing the world. Our editorial insights on products, solutions, companies, and adoption of best practices not only help in understanding the markets better, but also prove to be a complete package for your information needs.

Subscribe to our newsletter
Get the latest in your inbox weekly Sign up for the fully charged newsletter
© The News and Media Division of The Insight Partners 2024 | All Rights Reserved | Privacy Policy