Humidity Sensor Market Insights, Trends, Demand and Size will Reach USD 1551.4 Million by 2025- Report by Market Research Future (MRFR)
Research Reports
Mar 08, 2023
The Humidity Sensor Market expansion is projected to be fueled by the growing use of humidity sensors in industrial processes and the rising demand for smart home technology. The most important element driving market expansion is probably the growing usage of wireless moisture sensors for climate control in greenhouse farming. Several industries, including printing, textiles, and food processing, use them. Another significant factor that affects the market is the faster rate at which these sensors are being adopted in industries like textile, beverage, and healthcare. In addition, the growing use of HVAC and smart city initiatives are predicted to contribute to the growth of the global humidity sensor market by 2020.
Humidity Sensor Market Key Players:
The forefront players in the global humidity sensor market are-
- Honeywell International, Inc.(the US)
- Sensirion AG (Switzerland)
- GE Inspection Technologies (US)
- PCE Holdings GmbH(Germany)
- Amphenol Corporation (US)
- Texas Instruments (US)
- Bosch Sensortec GmbH (Germany)
- OMRON Corporation (Japan)
- Silicon Laboratories (US)
- TDK Corporation (Japan)
- Alps Alpine co., ltd (Japan)
- STMicroelectronics NV (Switzerland)
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Regional Analysis:
Europe, North America, Asia-Pacific, and the Rest of the World (Row) have all undergone regional examination. The market in North America increased its market share to 29.43% in 2019 and was worth USD 314.9 million. The IIoT is in high demand, which is why the North American industry is expanding quickly. Due to the increased need for humidity sensors in hotels, hospitals, buildings, and schools, the US now holds the market’s top spot, followed by Canada and Mexico. The market is anticipated to grow at a CAGR of 5.9% over the course of the study period. The European market has clinched the second spot.
Due to the existence of manufacturing firms, varied agricultural, and chemical firms, the European market ranks second in terms of size. The market is anticipated to grow at a CAGR of 4% and reach a size of roughly USD 247.0 million. During the forecast period, the market in the APAC region is anticipated to grow at the highest CAGR of 8.4%. Due to its strict environmental laws, extensive manufacturing sector, and rising demand for products that control moisture levels in homes and buildings, China’s markets currently hold the largest share of the global market. During the review period, The Rest of the World (Row) is probably going to grow quite quickly.
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Market Segmentation:
The global humidity sensor market may be divided based on region, type, application, and material type.
The semiconducting metal oxides, polymer-based, and ceramic sensing segments of the worldwide humidity sensor market are separated depending on the kind of material used. The global humidity sensor market is divided into applications for food & beverage, buildings & tunnels, agriculture, pharmaceuticals, and others based on application. The global humidity sensor market is divided based on type into absolute humidity sensors (solid moisture sensors and mirror-based sensors), relative humidity sensors (resistive, capacitive, and thermal sensors), and others. In 2019, the absolute humidity market category gained the biggest market share.
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