Selbyville, Delaware, June 20, 2021 (GLOBE NEWSWIRE) —
According to latest report “Industrial Sensor Market by Product (Level Sensor, Temperature Sensor, Flow Sensor, Position Sensor, Pressure Sensor, Force Sensor, Image Sensor, Gas Sensor), Application (Energy & Power, Oil & Gas, Mining, Chemical, Manufacturing, Pharmaceutical), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2027”, by Global Market Insights Inc., the market valuation of industrial sensors will cross $30 billion by 2027.
The increasing adoption of Robotic Process Automation (RPA) technology across the manufacturing sector will drive the market growth. This technology increases the acceptance of various automation equipment such as human machine interface and programmable logic controllers on assembly and production lines. This automation equipment is extensively incorporating industrial sensors to detect, measure, and analyze various parameters such as force, pressure, and position, among others. Adding to this, favorable government initiatives supporting industrial automation in the food & beverage manufacturing, fueling the market expansion.
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The force sensor segment accounted for 8% of the industrial sensor market share in 2020 led by the increasing usage of force sensors to measure various physical parameters such as mass, torque, and weight of an object in the…