Humidity Sensor Market with Industry Latest News, Pricing Strategy, Top Company Analysis and Forecast by 2027
Category: #business  By Ronak Bora  Date: 2022-07-27
  • share
  • Twitter
  • Facebook
  • LinkedIn
Humidity Sensor Market with Industry Latest News, Pricing Strategy, Top Company Analysis and Forecast by 2027

The humidity sensor market is expected to exhibit robust growth by 2027 on account of widespread integration of novel technologies, including machine learning, AI, and IoT, in humidity sensors. In addition, mounting adoption of humidity sensors in the automotive industry is anticipated to further facilitate market expansion over the projected timeline.

A humidity sensor is an electronic device that measures and reports moisture and air temperature in the surrounding environment, such as air, soil, or closed spaces. Humidity measurements show the amount of water vapor in the air. The device transmits these measurements in the form of an electrical signal.

Get a sample copy of this research report @ https://www.decresearch.com/request-sample/detail/5152

Humidity sensors are commonly used for various industrial applications in automotive, meteorology, HVAC, medical, and manufacturing. These sensors are available in different sizes, such as large embedded systems in air quality monitoring systems or compact systems in handheld mobile devices, depending on their functionality.

Soaring demand for humidity sensing in industrial processes has propelled industry uptake in key regions. Moreover, the proliferation of smart homes across developing nations as well as surging adoption of HVAC and building automation have boosted product demand in recent years.

Furthermore, industry players have been employing lucrative strategies to gain a competitive edge in the humidity sensor market, which has positively impacted the overall business scenario. For instance, in October 2021, Sensirion AG, a leading manufacturer of high-quality sensors, launched two novel versions of its humidity sensors - the SHT45 and SHT41. The two humidity sensors have been designed to provide high-accuracy humidity and temperature specifications.

To cite another instance, in March 2020, TE Connectivity Ltd., a major industrial technology company, announced the acquisition of 71.87% shares of First Sensor, a global sensor technology provider. The deal was intended to broaden TE's product portfolio by leveraging First Sensor's production and chip design expertise. The acquisition also enabled TE Connectivity to expand its optical sensing applications across heavy truck, industrial, and auto applications.

The humidity sensor market has been segmented on the basis of application, product, output, and region. In terms of application, the market has further been bifurcated into environmental, automotive, agriculture, industrial, HVAC & building automation, pharmaceutical & healthcare, and others.

 

The pharmaceutical & healthcare sub-segment is projected to witness considerable growth by 2027, expanding at around 5% CAGR over the assessment timeframe. This growth is attributed to the increasing adoption of humidity sensors in non-invasive and wearable devices.

Request for customization @ https://www.decresearch.com//roc/5152

From the regional point of view, the Middle East & Africa humidity sensor market is set to observe notable expansion, progressing at a CAGR of approximately 4.5% through the forecast period. Rising number of government initiatives to accelerate the development of the manufacturing sector in MEA is speculated to augment regional market growth over the forthcoming years.

Table of Contents (ToC) of the report:

Chapter 1   Methodology and Scope

1.1    Scope & definition

1.2    Methodology & forecast

1.3    Data Sources

1.3.1    Primary

1.3.2    Secondary

Chapter 2   Executive Summary

2.1    Humidity sensor market 3600 synopsis, 2016 - 2027

2.1.1    Business trends

2.1.2    Regional trends

2.1.3    Product trends

2.1.4    Output trends

2.1.5    Application trends

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/humidity-sensor-market

About Us: –

DecResearch.com, powered by GMI, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed ‘Table of Contents’ for reports being regularly published by GMI. Via this platform, users not only get to answers to their questions about these reports, they also have an additional avenue to talk to the sales and research teams of GMI to learn more about the topics of their interest.

Contact Us: –

DecResearch.com

Website: – https://www.decresearch.com

Email: [email protected]

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

Read More >>

More News By Ronak Bora

Electrical Conduit Market Statistics, Regional Growth & Forecast To 2024
Electrical Conduit Market Statistics, Regional Growth & Forecast To 2024
By Ronak Bora

Global electrical conduit market is poised to witness appreciable growth in the coming years owing to increasing efforts towards containing electric supply faults, health hazards, fire, and other operational breakdown. Electrical wiring is directly ...

GCC Natural Gas Market Outlook 2024 By Industry Players
GCC Natural Gas Market Outlook 2024 By Industry Players
By Ronak Bora

GCC natural gas market has been a recipient of the concerns related to energy security and climatic changes due to increasing fossil fuel consumption. In a bid to strengthen the regional sustainable energy scenario, GCC countries including Kuwait, UA...

Europe Residential Boiler Market | Opportunities, Key Trends & Growth Analysis To 2024
Europe Residential Boiler Market | Opportunities, Key Trends & Growth Analysis To 2024
By Ronak Bora

The shifting focus of European countries toward energy efficiency is certain to act as a driving force for Europe residential boiler industry. The increasing awareness about the adverse effects of fossil fuel consumption for energy generation has bee...