Industrial Sensors Market size to grow by USD 12.5 billion from 2022 to 2027

The global industrial sensors market size is estimated to increase by USD 12.5 billion from 2022 to 2027. The market's growth momentum will progress at a CAGR of 9% during the forecast period.

The global industrial sensors market is fragmented, with the presence of several global as well as regional vendors.

The market share growth by the process industries segment will be significant for the market growth during the forecast period. This is because the applications of these sensors in major end-user industries like oil and gas, food and beverage, pharmaceuticals and healthcare, water and wastewater treatment, and the power industry is rising.

Process industries employ industrial sensors in terminal automation, storage management, control systems, and process equipment. Business owners make decisions to enhance business operations using the data produced by these sensors.

Vendors in the industry embrace technologies more frequently that can guarantee a sustainable energy ecosystem with a suitable balance of renewable and fossil fuels. With the aid of industrial sensors, packaging is also improving in the industry, as sensors facilitate monitoring and control of many aspects of a package, including oxygen, temperature, and moisture. Hence, such advantages fuel the adoption rate of industrial sensors, which in turn, will boost the growth of the global market during the forecast period.

By geography, the global industrial sensors market is segmented into APAC, Europe, North America, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global industrial sensors market.