Global Wireless Flow Sensors Market - Segmented by Technology (Bluetooth, ZigBee, RFID, Wi-Fi, WLAN, EnOcean), Application (Water and Wastewater, Chemicals and Petrochemicals, Power Generation), and Region - Growth, Trends, and Forecast (2018 - 2023)
|発行||Mordor Intelligence LLP||商品コード||393325|
|出版日||ページ情報||英文 109 Pages
|ワイヤレス流量センサーの世界市場：タイプ（差圧式流量計、超音波流量計、流速計、質量流量計）、産業分野、地域別の市場動向と予測 Global Wireless Flow Sensors Market - Segmented by Technology (Bluetooth, ZigBee, RFID, Wi-Fi, WLAN, EnOcean), Application (Water and Wastewater, Chemicals and Petrochemicals, Power Generation), and Region - Growth, Trends, and Forecast (2018 - 2023)|
|出版日: 2018年04月26日||ページ情報: 英文 109 Pages||
The wireless flow sensors market was valued at USD 0.46 billion in 2017, and is expected to reach a value of USD 1.62 billion by 2023, projecting a CAGR of 22.37%, during the forecast period (2018 - 2023). The market is segmented by technology Bluetooth, zigbee, RFID, Wi-Fi, WLAN and Enocean and the applications segment is limited to water and waste water management, power generation, chemical and petrochemical. The regions considered in the scope of the report include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Wireless sensors are proving to be advantageous over wire line, with wider range of features and compatibility, and faster response and lower power consumption. Growing investments by leading players and demand for wireless technologies from end-user industries are supporting the market. With growing number of companies moving toward wireless, the production costs are also declining, thereby enabling wider consumption in the market. However, lack of awareness and capital in developing markets and strong foothold of wire line sensors in traditional markets, are acting as restraints to the growth of wireless sensors, with many consumers being skeptical over the adoption of new technologies.
With water scarcity becoming one of the major challenges faced by many countries, the investments in this industry are expected to surge over the forecast period. This is expected to influence the demand for wireless flow meters market. Industrial growth in developing nations has also been identified as one of the driving factor for the market. With new industrial establishments and growing investments in emerging nations, the market for flow meter in countries, like China, India, and Israel, etc. is expected to witness high growth during the forecast period.
The United States is the largest consumer of Wireless flow sensors in North America. Wireless flow sensors occupy a major share in the United States with significant demand from water and wastewater industry. The market in United States region is driven by technology with consumers preferring products offering latest technology with reliable performance. Thus, flow meters are becoming extremely popular among the end-users in this country. With many large companies being established players in the market, United States remains one of the prominent regions for wireless flow sensors market in the globe.
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