The Global Battery-free Sensors Market is Estimated to Reach USD 136.5 Million by 2027 at a CAGR of 28%

Published Date: 13-Oct-2021

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Battery-free Sensors Market Growth, Trends and Report Highlights

According to a new report Global Battery-free Sensors Market, published by KBV research, The Global Battery-free Sensors Market size is expected to reach $136.5 Million by 2027, rising at a market growth of 28% CAGR during the forecast period.

The automotive sector is anticipated to obtain the highest share in the market over the forecast period. Several automotive companies around the globe are majorly focusing on automating and updating their assembly lines. In addition, automobile manufacturers are adopting battery-free sensors at a considerable rate due to their benefits like prediction and prevention of equipment breakdown by improving the efficiency and performance of assets & equipment at decreased maintenance costs.

Temperature sensors acquired the highest share owing to the surged implementation of these sensors by the manufacturing and process industries, like food & beverages, oil & gas, and automotive sector, in remote machinery to supervise the machine condition. The data collected by temperature sensors help in efficient predictive management programs in industrial plants to eliminate costly downtime. Additionally, such sensors are also maintenance-free, which makes them the most preferred component for several industrial operations.

The Asia Pacific market dominated the Global Battery-free Sensors Market by Region 2020, growing at a CAGR of 28.1 % during the forecast period. The Europe market is experiencing a CAGR of 27.5% during (2021 - 2027). Additionally, The North America market is showcasing a CAGR of 27.8% during (2021 - 2027).

Full Report: https://www.kbvresearch.com/battery-free-sensors-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 On Semiconductor Corporation, Farsens, Axzon (RFMicron, Inc.), Inductosense Ltd., Phase IV Engineering, Powercast Corp., Distech Controls (Acuity Brands Lighting, Inc.), Enocean GmbH (Rutronik), DCO Systems Ltd. and Everactive.

Global Battery-free Sensors Market Segmentation

By Frequency

  • Ultra High Frequency
  • High Frequency
  • Low Frequency

By Sensor Type

  • Temperature Sensor
  • Motion & Position Sensors
  • Pressure & Humidity/Moisture Sensors
  • Light Sensors
  • Others

By Industry Vertical

  • Automotive
  • Logistics
  • Food & Beverages
  • Healthcare
  • Oil & Gas
  • Telecom & IT
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • On Semiconductor Corporation
  • Farsens
  • Axzon (RFMicron, Inc.)
  • Inductosense Ltd.
  • Phase IV Engineering
  • Powercast Corp.
  • Distech Controls (Acuity Brands Lighting, Inc.)
  • Enocean GmbH (Rutronik)
  • DCO Systems Ltd.
  • Everactive

Unique Offerings from KBV Research

  • Exhaustive coverage
  • The highest number of market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Related Reports:

North America Battery-free Sensors Market, Future Scope & Opportunities 2021-2027

Europe Battery-free Sensors Market, Size & Growth Forecast 2021-2027

Asia Pacific Battery-free Sensors Market, Size, Share & Industry Outlook to 2027

LAMEA Battery-free Sensors Market, Growth, Trends and Forecasts 2021-2027

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