The collective use of humidity sensors in biomedical and food & beverage applications is expected to spur the market for humidity sensors. Also, the rising demand from the consumer, industrial, and agricultural sectors is expected to motivate the market for humidity sensors in the coming years. As humidity sensors provide more advantages than conventional sensors owing to the minimal power consumption for their working, this is anticipated to encourage the humidity sensor market.
Market Research Future (MRFR), in its newly issued research report, asserts that the global market is booming and slated to expand exponentially over the review period, recording a substantial market valuation of nearly USD 1.88 billion by 2023 growing at a 15% CAGR over the forecast period 2017-2023.
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Drivers and Restraints
The growing adoption of these sensors for moisture-sensitive applications in industries, such as healthcare, food & beverages, and textile, among others, is expected to fuel the market growth. The Regulations set by governments of developed economies in regions, including North America and Europe, have mandated the use of such sensors in industries, such as printing, food processing, and textile. The growing demand for contactless sensors that can be deployed in potentially harmful environments, such as places unprotected from radiations, is a major factor driving the market growth. The growing preference for compact and cost-efficient sensing solutions is particularly anticipated to drive the market growth over the forecast period.
The deployment of microelectromechanical systems (MEMS) technology in sensing applications has been expanding lately. As such, the need for humidity sensor solutions on the basis of the MEMS technology is growing as a result. The growing adoption of wireless sensors in applications, such as greenhouse farming for climate monitoring, is another influential factor expected to fuel the demand for these sensors over the review period. Another significant factor that is expected to support the demand for humidity sensor solutions is the added benefits they can offer over conventional sensors, such as easy implemntation and low power consumption.
The segmental study of the humidity sensor market is segmented on the basis of measuring unit, material type, region, and application. On the basis of material type, the humidity sensor market is segmented into thermoplastic polymer, bulk ALO3, thermo-set polymer, bulk thermoplastic, and lithium chloride film. On the basis of measuring type, the humidity sensor market is segmented into absolute humidity sensor, relative humidity sensor, and others. Based on the applications, the humidity sensor market is segmented into food processing industry, pharmaceuticals, mining, cement, agriculture, printing & textile, and others. Based on the regions, Global Humidity Sensor Market is segmented into North America, APAC, Europe, and other regions in the world.
The geographical analysis of the global market has been conducted in four major regions, including the Asia Pacific, Europe, North America, and the rest of the world (Latin America, the Middle East and Africa). North America and Europe are acknowledged to have considerable growth in the humidity sensor market. This region is already familiar with advanced infrastructure in the industrial sector. The need for energy efficient sensors for offering better analysis of the moisture control is surging, anticipated to be a propelling factor for the humidity sensors market over the review period. Asia Pacific is also projected to be the fastest growing region in the humidity sensor market over the forecast period. Japan, India, and China are the leading economies in the humidity sensor market. This is credited to the growing awareness amid the farmers for the production of improved quality crops in their fields is fueling the demand for humidity sensors in agricultural sector.
The major market players operating in the global market as identified by MRFR are Continental AG (Germany), Infineon Technologies (Germany), BEI Sensors (U.S.), Honeywell International (U.S.), PCE Instruments (U.S.), Hitachi Automotive Systems (Japan), Delphi Corporation (U.K.), Melexis Microelectronic Integrated Systems N.V (Belgium), Sensirion (Switzerland), GE Sensing & Inspection Technologies (U.S.), Custom Sensors & Technologies, Inc. (U.S.), Robert Bosch GmbH (Germany), and Vectron International (Germany). Humidity sensor companies are struggling to improve sensing control and accuracy. Hence, they are specifically focusing on proven sensing technologies. The increasing emphasis on continuous and real-time monitoring is also prompting them to focus on miniaturization, power management networking/communication, and reliability.
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