Rockville, MD -- (SBWIRE) -- 07/10/2019 -- Fact.MR delivers key insights on the Airflow Sensors Market in its report titled 'Airflow Sensors Market Forecast, Trend Analysis & Competition Tracking- Global Review 2017 to 2026.' The long-term outlook on the global Airflow Sensors market will remain positive, with the market value expected to increase at a CAGR of 3.6% during the forecast period.
The global Air flow sensor market is estimated to be valued at US$ 1,942.5 Mn by 2018 end and is expected to reach US$ 2,577.1 Mn by the end of 2026 while expanding at a CAGR of 3.6% over the forecast period. The global Air flow sensor market is anticipated to represent incremental opportunity of US$ 634.6 Mn between 2018 and 2026. In terms of volume, the global air flow sensor market is estimated to reach 48,220 thousand units by 2018 end and is anticipated to increase to 62,724 thousand Units by 2026 while exhibiting a CAGR of 3.3% over the forecast period.
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In the report, average volume per year from airflow sensors has been expressed in volume ('000 Units). According to end use industry, the building automation segment is expected to register healthy growth during the forecast period, with companies focusing on developing integrated solutions as per the demand from various countries. Based on output type, the analog segment is expected to witness a significant CAGR, in terms of volume and value, during the forecast period.
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 Air flow sensors market accounted for a value share of 21.8% in 2017 and is forecast to maintain its dominance in the global Air flow sensors 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 sensors 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.
Healthcare industry growth, assisting the demand for Air flow sensors
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.
Some of the key market participants included in the Global Airflow Sensors market report are 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.
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