Air Flow Sensor Market Regional Analysis, Type and Application, Forecast to 2028

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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On the basis of output type, the global Air flow sensor market is segmented into digital and analog air flow sensors. Among them, analog type air flow sensor 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 sensor market is segmented into automotive, aerospace, healthcare, food & beverage, chemical, building automation and other industrial segments. The building automation segment of the air flow sensor 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.

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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.

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.

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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.

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Product Fall Protection Systems Market Current Trends and Future Aspect Analysis 2018 – 2028

Fact.MR recent study foretells that the product fall protection systems market will record a modest 4.2% value CAGR over the period of forecast, 2018 to 2028. Improving product safety along with aiding productivity enhancement in various manufacturing process are key benefits of product fall protection systems that have driven their market expansion. The product fall protection system market will also remain influenced by robust application in flat rack securing, warehousing and railcar securing.

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The rise in emphasis on concerns regarding product safety during transportation has significantly favored the product fall protection systems market in recent years. With securing goods from potent damage risks during transit being the primary agenda of manufacturers, demand for product fall protection systems has been witnessing a surge across various industrial sectors. Product fall protection systems are being integrated with technologically-advanced features, which are perceived by manufacturers to considerably complement adoption in the near future. This will further bring transformations in dynamics of the product fall protection systems market.

Transportation service providers are analyzing damage risks for products at the time of transit to develop risk-specific equipment, which in turn is likely to pave new opportunities in the product fall protection systems market. Various industries including manufacturing, pharmaceutical, chemical, and food & beverage, are employing product fall protection systems for optimizing procedures to secure products during shipping.

With the warehousing industry’s uptake, fuelled by expansion of ecommerce and proliferation of online trading platforms, rack safety products such as pallet rack safety nets have observed significant adoption in recent years. With employees and goods protection being one of the primary agenda of the warehousing industry, pallet rack safety nets are extensively employed. Manufacturers of rack safety products are mandated to comply with regulatory standards such as the National Fire Protection Association’s longitudinal flue space requirements. These standards have further improvised equipment development.

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Pallet rack safety nets are likely to prevail as top-selling variant in the product fall protection systems market, with cargo bednet/stretch on the trail. Transportation accessories such as cargo bednet/stretch, bridging the gap between end-user’s identity and manufacturer’s design, have significantly enhanced efficiency of the trucking industry. Although cargo bednet/stretch account for comparatively lower revenue share of the product fall protection systems market than pallet rack safety nets, their sales will grow at a relatively higher rate through 2028.

Most of the product fall protection systems such as cargo bednet, cargo stabilization bar, and cargo load bags find numerous applications in the transportation and logistics industry. The increasing growth of the world trade industry and e-commerce sector has therefore been driving growth of the transportation and logistics industry. It has further created maximum demand for goods protection equipment, thereby fostering expansion of the product fall protection systems market.

However, recent changes in the foreign trade policy are likely to impact the import and export activities, which may hamper the demand for warehousing and transportation services. This will further inhibit expansion of the product fall protection systems market to a certain extent. For example, border tax adjustments, or BTAs is an important part of the changes trade policies, which imparts taxes on goods imported from countries and do not impose any rules or regulations to control emissions from various manufacturing companies. This might impact the transportation & logistics industry in various countries, impeding the overall growth of the product fall protection systems market.

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

Contact Us

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