Industrial Wireless Sensor Networks Market Augmenting Rapidly To Reach USD 1,204.54 Million by 2022

05-Sep-2018 | Zion Market Research

Major companies in industrial wireless sensor networks market are Linear Technology Corporation, ABB Ltd., Schneider Electric SA, Siemens AG, Digi International Inc., Emerson Process Management, Endress+Hauser AG, Freescale Semiconductor, Inc., Honeywell Process Solutions, Lantronix Inc., Texas Instruments, Millennial Net Inc., Yokogawa Electric Corporation, and STMicroelectronics amongst others. These players are claimed to foster the development of industrial wireless sensor networks market.

As per the analyst at Zion Market Research, the global industrial wireless sensor networks market added up for almost USD 588.91 Million in 2016 and is likely to cross almost USD 1,204.54 Million by end of 2022, developing at a CAGR of almost 12.7% from 2017 to 2022.

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This review is based on a report by Zion Market Research, titled “Industrial Wireless Sensor Networks Market by Sensor (Chemical & Gas Sensors, Humidity Sensors, Motion & Position Sensors, Temperature Sensor, Pressure Sensors, Level Sensors, Flow Sensors and Image & Surveillance Sensors) by Technology (Wi-Fi, ISA100.11a, Bluetooth, WLAN, Wireless HART, ZigBee and Others) for Food and Beverages, Automotive, Energy, Power, Healthcare, Medical, Mining, Oil & Gas and Chemical: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016- 2022”- Report at http://www.zionmarketresearch.com/report/industrial-wireless-sensor-networks-market

Low Cost Of Industrial Wireless Sensor Networks To Boost The Industrial Wireless Sensor Networks Market

The development of global industrial wireless sensor networks market is majorly credited to high dependability of wireless tech in comparison with wired technology, as per analysts at Zion Market Research. Moreover, low cost of industrial wireless sensor networks, increasing trend of smart factories, and faster deployment are the factors that will favor the growth of industrial wireless sensor networks market. Furthermore, increasing acceptance of sensor networks so as to observe different processes paired with increasing security concern for automation sector will foster the development of industrial wireless sensor networks. On the flip side, accessibility of various wireless communication standards is likely to have a negative impact on industrial wireless sensor networks market.

Global-Industrial-Wireless-Sensor-Networks

Nevertheless, energy consumption without losing accuracy and technological enhancement in wireless communication are some of the reasons that might reveal new growth opportunities in the near future for industrial wireless sensor networks market. For instance, in March 2018, Herga Technology (a switching and sensing component maker) added a new range of wireless remote controls for equipment switching and industrial machinery.

North America To Dominate The Industrial Wireless Sensor Networks Market In Future

The temperature sensor is likely to be one of the quickest developing sensor segments in the near future in the industrial wireless sensor networks market and is likely to develop at CAGR of almost 13%. Flow sensors and pressure sensors are likely to be the most profitable type of sensors in the industrial wireless sensor networks market. They are likely to exhibit remarkable development in forecast period owing to rising requirement from oil & gas and chemical sector, boosting the industrial wireless sensor networks market.

In 2016, with the biggest share, North America was a dominating area for industrial wireless sensor networks. Acceptance of intelligent manufacturing & smart factories and attendance of many manufacturers in the industrial wireless sensor networks market are some of the reasons that might power the development of industrial wireless sensor networks market. High dependability of wireless technology will be the major reason to drive the growth for industrial wireless sensor networks market in Europe.

The global industrial wireless sensor networks market is segmented as follows:

By Sensor

  • Chemical & Gas Sensors
  • Humidity Sensors
  • Motion & Position Sensors
  • Temperature Sensor
  • Pressure Sensors
  • Level Sensors
  • Flow Sensors 
  • Image & Surveillance Sensors

By Application

  • Food & Beverages
  • Automotive
  • Energy And Power
  • Healthcare
  • Oil & Gas
  • Chemical 
  • Others

By Technology

  • Wi-Fi
  • ISA100.11a
  • Bluetooth
  • WLAN,
  • Wireless HART
  • ZigBee 
  • Others

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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