The market was valued at $299.85 million in 2013, and is expected to reach $2,128.98 million by 2018, at a CAGR of 48.00% from 2013 to 2018.
(PRWEB) January 05, 2015
The Global Smart Sensor in Industrial Automation Applications market report defines and segments the concerned market with analysis and forecast of revenue.
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Smart sensors are largely used in industrial applications to address the requirements regarding reliability and precision. One such major application where smart sensors are significantly used is in controlling environmental pollution. Smart sensors can determine an extensive variety of combustor variables which include combustion products, gas temperature, reactive radical species, and critical pollutants. The adverse environmental impact due to energy conversion can be drastically minimized through these intelligent sensors. Online monitoring and control of combustion temperature by these sensors reduces emission of pollutants such as unburned hydrocarbons, nitrogen oxide, carbon monoxide, and so on. Thus, the market for smart sensors in industrial automation applications is expected to show promising growth throughout the forecast period.
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Smart sensor in industrial automation application market is segmented and forecast based on types, technologies, components and geographies. The various types of smart sensors covered in this report are smart flow sensor, smart dissolved oxygen sensor, smart turbidity sensor, smart oxidation reduction potential (ORP) sensor, smart pH sensor, smart temperature sensor, smart pressure sensor, and smart touch sensor among others. The technologies used in smart sensors include Micro-Electro-Mechanical System (MEMS) technology, Complementary Metal-Oxide-Semiconductor (CMOS) technology and optical spectroscopy. The components such as Analog-to-Digital Converter (ADC), Digital-to-Analog Converter (DAC), transceivers, amplifiers, and microcontroller among others are also included in the report.
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The report also includes market share of the key players in the market and cascaded value chain analyses, along with the market metrics such as drivers, restraints, and opportunities. In addition, it presents a competitive landscape and company profiles of the major companies dominating the global smart sensor in industrial automation application market.
United Kingdom Smart Sensor
The U.K. has registered a market value of $205.33 million in 2014, which is about 9.09% share of overall global smart sensor market. This region is projected to reach a market value of $677.89 million by 2018, at a CAGR of 34.80%. In the recent years, there has been a growing demand for tablet PC’s, mobile phones, notebooks, novel wireless technology, and energy saving devices. As smart sensors become an essential tool that assist is integrated into these devices, the market of smart sensors is expected to undergo a rapid progression in the future.
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