Proximity and Displacement Sensor Market - Complete Study of Current Trends and Growth Drivers For 2020
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MRRSE announces addition of new report" Proximity and Displacement Sensor Market - Complete Study of Current Trends and Growth Drivers For 2020 "to its database
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<strong>Proximity</strong> <strong>and</strong> <strong>Displacement</strong> <strong>Sensor</strong> <strong>Market</strong> - <strong>Complete</strong> <strong>Study</strong><br />
<strong>of</strong> <strong>Current</strong> <strong>Trends</strong> <strong>and</strong> <strong>Growth</strong> <strong>Drivers</strong> <strong>For</strong> <strong>2020</strong><br />
Global proximity <strong>and</strong> displacement sensors market was valued at USD<br />
2.93 billion in 2013, growing at a CAGR <strong>of</strong> 2.8% from 2014 to <strong>2020</strong>.<br />
<strong>Proximity</strong> <strong>and</strong> displacement sensors are used for various applications<br />
such as monitoring the distance between objects, metal detection, <strong>and</strong><br />
automobile safety functions among others. In addition, these sensors<br />
find their application in several industries such as food <strong>and</strong> beverages,<br />
automotive, pharmaceutical <strong>and</strong> process industries among others. The<br />
proximity <strong>and</strong> displacement sensors find their application in every
industry because <strong>of</strong> the importance <strong>of</strong> feedback based operations,<br />
which is fueling the growth <strong>of</strong> this market.<br />
The global proximity <strong>and</strong> displacement sensors market is segmented<br />
by regions into North America, Europe, Asia Pacific (APAC) <strong>and</strong> Rest<br />
<strong>of</strong> the World (RoW). The growth <strong>of</strong> proximity <strong>and</strong> displacement sensors<br />
market is primarily driven by the increasing dem<strong>and</strong> for automated<br />
functionalities in manufacturing industries such as food <strong>and</strong><br />
beverages, pharmaceutical <strong>and</strong> process industries among others. In<br />
addition, the lowering cost <strong>of</strong> components required to manufacture<br />
these sensors have further contributed to the growth <strong>of</strong> proximity <strong>and</strong><br />
displacement sensors market significantly.<br />
Request a Sample Copy <strong>of</strong> the Report @ https://goo.gl/IlEhLW<br />
In 2014, Asia Pacific (APAC) led the proximity <strong>and</strong> displacement<br />
sensors market <strong>and</strong> the region is expected to maintain its dominance<br />
throughout the forecast period. The integration <strong>of</strong> proximity <strong>and</strong><br />
displacement sensors in machineries is acting as the driver for this
market. Europe followed Asia Pacific accounting for more than 30% <strong>of</strong><br />
the global market revenue share. However, North America <strong>and</strong> Rest <strong>of</strong><br />
the worlds (RoW) are expected to see steady growth as North America<br />
is a saturated market where as RoW mostly consists <strong>of</strong> third world<br />
countries with less presence <strong>of</strong> manufacturing industries.<br />
The global proximity <strong>and</strong> displacement sensors market by sensor<br />
types is categorized into inductive sensors, photoelectric sensors,<br />
capacitive sensors, magnetic sensors, ultrasonic sensors, LVDT<br />
sensors <strong>and</strong> others. The photoelectric sensors had the highest market<br />
revenue share in 2014 <strong>and</strong> are expected to continue its dominance<br />
during the forecast period. Photoelectric sensors are extensively used<br />
in industrial manufacturing. In addition, these sensors use light<br />
transmitter to detect the presence, absence or distance <strong>of</strong> an object<br />
which is considered to highly efficient <strong>and</strong> durable. Moreover, these<br />
sensors are also used for remote sensing when the environment is<br />
very hostile or the space is restricted.
Read <strong>Complete</strong> Report @ http://www.mrrse.com/proximitydisplacement-sensors<br />
Based on the end user industries, the proximity <strong>and</strong> displacement<br />
sensors market is segmented into automotive, food <strong>and</strong> beverages,<br />
process industries <strong>and</strong> pharmaceutical among others. Automotive<br />
industry has the highest market revenue share contributing more than<br />
20% <strong>of</strong> the global market followed by food <strong>and</strong> beverages. Automotive<br />
industry has the largest application <strong>of</strong> these sensors because <strong>of</strong> the<br />
rising dem<strong>and</strong> for safety in automobiles <strong>and</strong> automated machineries in<br />
factories. In addition, these sensors are resistant <strong>of</strong> chemicals <strong>and</strong> can<br />
withst<strong>and</strong> high temperature <strong>and</strong> pressure conditions. The process<br />
industries has been analyzed to be the fastet growing industry which<br />
uses proximity <strong>and</strong> displacement sensors<br />
Table <strong>of</strong> Content<br />
Chapter 1 Preface<br />
Chapter 2 Executive Summary
Chapter 3 <strong>Market</strong> overview<br />
Chapter 4 Global <strong>Proximity</strong> <strong>and</strong> <strong>Displacement</strong> <strong>Sensor</strong>s <strong>Market</strong><br />
Analysis, by Types<br />
Chapter 5 <strong>Proximity</strong> <strong>and</strong> <strong>Displacement</strong> <strong>Sensor</strong>s <strong>Market</strong> Analysis, by<br />
Industry<br />
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