Healthcare Industry Growth, Assisting the Demand for Air Flow Sensors
Air flow sensors are employed to measure the ratio between air and fuel. Numerous configurations are available that include analog and digital airflow sensors. They are extensively used in different industries like automotive, health care and aerospace. Fact.MR report estimates that the global air flow sensors to value US$ 1,942.5Mn in the year 2018. Its value is projected to expand to amount US$ 2,577.1Mn by 2026. It is anticipated to grow at 3.6% CAGR in the coming years. The volume of the global market was 48,220 thousand in the year 2018. This volume is also expected to expand in near future and amount to 62,724 thousand Units by the end of the year 2026.
Different factors like growth in old age population and improved health care infrastructure in regions like Europe and Asia Pacific are responsible for the growth in demand for air flow sensors. Developing and under developed regions are witnessing improvements in healthcare sector. Old age population is expected to amount to 8% of the global population by the end of the year 2020. The major medical conditions like respiratory problems, cardiovascular diseases and cancer are known to consume half of the total healthcare expenditure. This incremental graph raises the demand for different respiratory equipment like analyzers, sleep apnea machines, anesthesia, ventilators, oxygen concentrators, spirometers and patient monitoring systems.
To provide an in-detailed analysis of the potential opportunities, the research report takes into consideration of the several growth factors across different regional segments. The important geographical segments of the global airflow sensors market are as follows:
- Upto 10 SLPM
- Upto 50 SLPM
- Above 50 SLPM
The detailed research report on the global airflow sensors market focuses on the macro as well as microeconomic factors that are helping its development. The report also concentrates on the regulatory framework that is shaping the future of the global market. Furthermore, the research report also makes not of the existing as well as prevailing pricing structure, emerging areas of applications, and imminent investment opportunities in the global market. The report also offers an in-depth analysis of how the projected growth factors will shape the market dynamics in the coming years of the forecast period. Moreover, it also gives meaningful as well as actionable insights on the key trends that are developing the current market scenario and which will be lucrative for the future of the global airflow sensors market.
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The research report on the global airflow sensors market also provides an in-detailed analysis of the overall vendor landscape. The report analyzes the key marketing and promotional strategies adopted by the leading companies in the global market. Furthermore, it takes into consideration the existing development, past events, and recent trends to provide a strong and unbiased opinion on the future direction in which these leading companies will be heading into. To back its opinion, the research report covers all the factors and events such as mergers, acquisitions, takeovers, joint ventures, and strategic alliances. It also analyzes the entry barriers and overall intensity of the competition in the global airflow sensors market. Some of the key players mentioned in the research report are
- Sensata Technologies, Inc.
- Robert Bosch GmbH
- OMRON Corporation
- Siemens AG
- TDK Corporation
- Continental AG
- HELLA GmbH & Co. KGaA
- Delphi Technologies
- First Sensor AG
- DENSO CORPORATION
- Honeywell International Inc.
- TE Connectivity
Japan projected to generate huge opportunities
The global air flow sensor can be broadly categorized into two types that are digital air flow sensors and analog air flow sensors of which the latter held 63.2% of the global market share in the year 2017. The global market can be segregated on the basis of end-use into automotive, healthcare, chemical, aerospace, food & beverages and building automation. Building automation segment is projected to own the largest share of the global market in the forecast period on the backdrop of surging HAVC demand in different developing and developed economies.
Fact.MR report highlights the fact that China held 21.8% share of the global market in the year 2017 and will further maintain this dominance. Europe is the other region that is expected to experience major surge in the air flow sensor market. Japan is estimated it generate opportunities worth US$ 54.2Mn in the coming future. Air flow sensors market in MEA is forecasted to expand at a moderate rate.
The research report also offers a great insight on the working dynamics of individual segment of the global airflow sensors market. The research report covers the business growth opportunities for the following vital segments:
- Food & Beverage
- Building Automation
- Other Industrial
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In terms of type of product, the global airflow sensors market can be segmented into: