The market for humidity sensors is riding on the need to monitor the levels of humidity across several domestic and industrial longitudes. Humidity is, essentially, the amount of water vapor contained in the air. High humidity causes disruptions to industrial processes and adversely affects the health of humans. A report by Transparency Market Research (TMR) elucidates several factors that augment or restrain the growth of the market. The report encapsulates key indicators of market growth such as market value, growth rate, and regional market share.
Humidity sensors are indispensable in chemical industries, refineries, and other units that use furnaces. The food processing industry along with the textile paper industry are also vital consumer of these sensors. Even the agricultural industry extensively requires humidity sensors to control the moisture content in the soil. Thereby, the market thrives on account of the demand from the aforementioned industries. The economic slowdown and the high costs of raw materials could restrain the market to some extent. Nevertheless, the technological advancements coupled with the introduction of new products within the market is expected to keep furnishing positive results for the market.
The market for humidity sensors can be segmented based on the type of sensor, end-use industry, measurement, and geography. Based on the type of sensor, the market is segmented into resistive, capacitive, and thermal humidity sensors. Absolute humidity sensors and relative humidity sensors are the two broad categories falling under the measurement segmentation. The end-use segmentation encapsulates healthcare, electronics and semiconductors, chemicals, meteorology, agriculture, and others. On a geographical footing, Asia Pacific is anticipated to reign over all other regional markets.
The strong market players include Omron Corporation, Robert Bosch Gmbh, Hitachi Automotive Systems, Continental AG, Vishay Intertechnolgy, Delphi Corporation, Honeywell Sensing & Control, GE Sensing and Inspection Technologies, Custom BEI Sensors, Denso, Melexis Microelectronic Integrated System N.V, and OSRAM opto semiconductors.