Humidity Sensor Market Share, Size, Growth, Opportunity And Forecast Till 2022-2031

Shibuya-ku, Tokyo, Japan, Japan, Jun 22, 2022, 08:40 /Comserve / -- Humidity sensor market Size, Growth, Opportunity and Forecast Till 2022-2031

The humidity sensor market will account for $ 870.1 million in 2018 and is estimated to witness profitable growth of over 7.5% during the forecast period in developing countries such as India, China and South Korea in the Asia Pacific region. Rising demand in the automotive sector is expected to play an important role in driving the growth of the humidity sensor market during the forecast period, with these sensors capable of long-term measurement of humidity levels inside rooms and cars. Because these sensors require timely maintenance and are an important factor in controlling the growth of the market, the humidity sensor market is categorized as absolute humidity sensor and relative humidity sensor based on the type. 

The absolute humidity sensor segment held the largest market value in 2018, accounting for more than $ 522.1 million. However, the relative humidity sensor segment is projected to boost the global humidity sensor market during the forecast period, accounting for $ 509 million and driving market growth with a CAGR of 8.3% by 2026. Based on end users, the humidity sensor market is divided into automotive, pharmaceutical and healthcare, industry, building automation and home appliances, food and beverages, environment and agriculture. The automotive sector led the humidity sensor market in 2018, recording $ 160.1 million in CAGR of 7.1%. In addition, the industrial segment is expected to drive the market during the forecast period, which will account for $ 242.1 million by 2026, and is projected to grow at a CAGR of 7.9% during the forecast period.

Access Free PDF With Graphs and Charts : 

In some regions, the market is divided into North America, Europe, Asia Pacific and LAMEA. The North American region will account for $ 244.5 million in 2018 and is expected to grow at a CAGR of 7.0% during the forecast period. The Asia Pacific region is projected to dominate the humidity sensor market during the forecast period. The Asia Pacific region is expected to account for $ 405 million and is expected to grow at a CAGR of 7.9% during the forecast period.

Request Sample For More Insights : 

Key market players in the humidity sensor market include Honeywell International, General Electric, These include Sensirion AG, B + B Thermotechnique GmbH, Innovative Sensor Technology (IST) AG, and E + E Electronic GES. MBH, Michelle GmbH, Galltec Mess-und Regeltechnik GmbH, Arthur Grillo GmbH, TE Connectivity, etc.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

MENAFN22062022004694010674ID1104414823