Industrial Sensors Market

Market Leadership - Industrial Sensors Market

The Industrial Sensors market size is expected to grow from USD 18.2 billion in 2020 to USD 29.0 billion by 2025, at a CAGR of 9.8%. Growing popularity of industrial 4.0 and IoT and increasing demand of industrial robotics are the key factors driving the growth of the Industrial Sensors market.

The Industrial Sensors market is highly competitive owing to the presence of a large number of regional and global players. The key players are focusing on enhancing their product portfolios and increasing market share through strategies, such as product launches, collaborations, acquisitions, and divestments. Many market players adopted product launches as their key business strategy.

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Rockwell Automation (US):  Rockwell Automation was founded in 1903, as the Allen-Bradley Company, and is headquartered in Wisconsin, US. The company operates through 2 business divisions: Control Products & Solutions and Architecture & Software. It is an industrial service provider with a strong portfolio, including consulting, integration, maintenance, and mechanical support for the process and discrete industries. The company marks presence in more than 80 countries, serving customers from the industrial and commercial sectors across the globe.Rockwell delivers a wide range of solutions and services for the food & beverage, life sciences, oil & gas, mining, cement, metals, pulp & paper, and water & wastewater industries. The company offers start-to-end industrial services to its end users.

Honeywell (US): Honeywell was founded in 1906 and is headquartered in New York, US. The company operates through the following business segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Honeywell is one of the leading companies providing industrial sensors. The company has a wide portfolio of industrial sensors, including load sensor, torque sensor, pressure sensor, displacement sensor, and accelerometer portfolio, which caters to the diverse demand from customers. The company has a strong R&D capability, with ~150 research and engineering facilities located in the US, India, Europe, and China.

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Report Code
SE 6767
RI Published ON
9/14/2020
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