Published Date: 30-Nov-2019
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According to a new report Global Humidity Sensor Market, published by KBV Research, The Global Humidity Sensor Market size is expected to reach $1.6 billion by 2025, rising at a market growth of 8.2% CAGR during the forecast period. Increased market competition has resulted in a decrease in market prices of humidity and moisture sensors, which has led to a further rise in market demand. The wide range of advantages offered by these solutions ranges from low power requirement, easy implementation, and improvement of transducer efficiencies including sensing elements, structure design, structure design, and fabrication technologies.
The North America market dominated the Global Humidity Sensor Market by Region 2018. The Asia-Pacific region is projected to grow at the highest CAGR over the forecast period. Regulatory agencies and governments in different countries in the region are actively enforcing emission and safety control standards that require the installation of solutions for humidity sensors in cars. As a result, the demand for humidity sensor solutions is expected to improve in the region. In addition, the development of smart cities in India, China, and South Korea, among other countries, is also expected to drive demand for environmental monitoring solutions for humidity sensors.
The Absolute Humidity Sensor market dominated the Global Humidity Sensor Market by Type 2018. Absolute humidity sensors have a vast and diverse application range. These are commonly used in medical industries due to their higher accuracy and resolution in the determination of respiratory humidity levels. At the same time, the design of chilled mirror sensors has encouraged the introduction of sensors that are chemically inactive, provide virtual indestructibility, and remove the need for recalibration. These are some of the reasons expected to raise the market position of absolute humidity sensors. The Relative Humidity Sensor market is expected to witness a CAGR of 9% during (2019 - 2025).
The Automotive market dominated the Global Humidity Sensor Market by End User 2018. The Pharmaceutical & Healthcare market is experiencing growth rate of 7.3% during (2019 - 2025). The Industrial market would grow at a CAGR of 9.5% during (2019 - 2025). Additionally, The Building Automation & Domestic Appliances market is anticipated to witness CAGR of 11.2% during (2019 - 2025).
Structural Insights: https://www.kbvresearch.com/humidity-sensor-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of General Electric (GE) Co., Sensirion AG, TE Connectivity Ltd., Honeywell International, Inc., Continental AG, Robert Bosch GmbH, Infineon Technologies AG, Sensata Technologies Holdings Plc., Omron Corporation and Hitachi, Ltd.
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