Global Air Flow Sensors Market Latest Industry Trends, Trades, Supply, Demand, Prospects during 2018-2028
Use of air flow sensors in building automation projects, especially as a component in HVAC systems are positioned to create plethora of white spaces for air flow sensor manufacturers. China along with ASEAN and South Asian countries to captivate global air flow sensor industry stakeholders. Estimated sales of air flow sensors in the global market is estimated to be valued at US$ 1,942.5 Mn by the end of 2018, witnessing a CAGR growth of 3.6% over the forecast period. North America, China and Europe are expected to account for a lion’s share of the global air flow sensor market by the end of 2026 and are expected to retain their positions during the forecast period.
On the basis of flow range, air flow sensor market insights suggest that the ‘Upto 50 SLPM’ segment will continue to dominate the market during the forecast period and will be followed by the ‘Above 50 SLPM’- segment. On the basis of end-use, the building automation segment, followed by healthcare segment, is projected to dominate the airflow sensors market in terms of values and volume during the forecast period. In 2017, the building automation segment accounted for a significant market value share. In terms of volume, the healthcare segment is expected to grow with a healthy CAGR over the forecast period.
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Various factors, such as ageing population in Japan and increasing healthcare infrastructure in South East Asia Pacific and Europe, will drive the demand for air flow sensors for healthcare applications over the projected period. Emerging and lower income regions are expected to witness growth in the healthcare industry. By the end of 2020, aging population (above 65 years) will be 8.0% of the total population. About 50% of the healthcare expenditure is spent on three causes: respiratory problems, cancer and cardiovascular diseases. This, in turn, will lead to increased demand for respiratory equipment, such as analyzers, oxygen concentrators, sleep apnea machines, spirometers, anesthesia, patient monitoring systems, ventilators and others, which in turn, will push the growth of the air flow sensor market. On the basis of output type, the global Air flow sensors market is segmented into digital and analog air flow sensors. Among them, analog type air flow sensors market accounted for 63.2% share in 2017 in terms of value. On the basis of flow range, Upto 50 segment of the market is expected to account for 49.9% share in 2017 in term of value.
On the basis of end-use, the global Air flow sensors market is segmented into automotive, aerospace, healthcare, food & beverage, chemical, building automation and other industrial segments. The building automation segment of the air flow sensors market is expected to account for sizable share in the overall air flow sensors market by the end of the forecast period owing to increasing demand of HVAC (heating, ventilating, and air conditioning) systems in developing and developed countries.
China & Europe air flow sensors market may continue to dominate the global airflow sensors market during the forecast period. North America air flow sensor market is expected to be next in the run owing to prompt adoption of automobile and healthcare equipment. Latin America and MEA are estimated to grow at above average pace over the projected period. Germany & United Kingdom are expected to hold major revenue share in the Europe air flow sensor market over the forecast period.
China Air flow sensor market accounted for a value share of 21.8% in 2017 and is forecast to maintain its dominance in the global Air flow sensor market over the forecast period and the Europe Air flow sensors market is projected to represent significant incremental opportunity between 2018 and 2026. The North America Air flow sensor market, on the other hand, is estimated to expand at a significant CAGR in terms of value and volume over the forecast period. Sales of Air flow sensors in Japan is projected to represent total incremental opportunity of US$ 54.2 Mn between 2018 and 2026 while the MEA Air flow sensors market is projected to expand at a moderate CAGR, in terms of value, over the forecast period.
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Market Participants of the Global Air Flow sensors Market
Some of the market participants reported in this study of global Air flow sensors market include TE Connectivity, Honeywell International Inc., DENSO CORPORATION, First Sensor AG, Delphi Technologies, HELLA GmbH & Co. KGaA , Continental AG, Sensata Technologies, Inc., TDK Corporation, Siemens AG, OMRON Corporation, and Robert Bosch GmbH and others. Prominent manufacturers of air flow sensors have been found to be involved in the development of new and innovative products and acquisition activities to enhance their market presence across the globe. Also, a well-structured and efficient supply chain along with an improved retailing network for air flow sensors are the major growth strategies being opted by air flow sensor manufacturers for reaching out to customers.