Humidity Sensor Market to reach a market size of $1.6 billion by 2025- KBV Research

According to a new report Global Humidity Sensor Market, published by KBV Research, The Global Humidity Sensor Market size is expected to reach $1.6 billion by 2025, rising at a market growth of 8.2% CAGR during the forecast period. Increased market competition has resulted in a decrease in market prices of humidity and moisture sensors, which has led to a further rise in market demand. The wide range of advantages offered by these solutions ranges from low power requirement, easy implementation, and improvement of transducer efficiencies including sensing elements, structure design, structure design, and fabrication technologies.

The North America market dominated the Global Humidity Sensor Market by Region 2018. The Asia-Pacific region is projected to grow at the highest CAGR over the forecast period. Regulatory agencies and governments in different countries in the region are actively enforcing emission and safety control standards that require the installation of solutions for humidity sensors in cars. As a result, the demand for humidity sensor solutions is expected to improve in the region. In addition, the development of smart cities in India, China, and South Korea, among other countries, is also expected to drive demand for environmental monitoring solutions for humidity sensors.

The Absolute Humidity Sensor market dominated the Global Humidity Sensor Market by Type 2018. Absolute humidity sensors have a vast and diverse application range. These are commonly used in medical industries due to their higher accuracy and resolution in the determination of respiratory humidity levels. At the same time, the design of chilled mirror sensors has encouraged the introduction of sensors that are chemically inactive, provide virtual indestructibility, and remove the need for recalibration. These are some of the reasons expected to raise the market position of absolute humidity sensors. The Relative Humidity Sensor market is expected to witness a CAGR of 9% during (2019-2025).

The Automotive market dominated the Global Humidity Sensor Market by End User 2018. The Pharmaceutical & Healthcare market is experiencing growth rate of 7.3% during (2019-2025). The Industrial market would grow at a CAGR of 9.5% during (2019-2025). Additionally, The Building Automation & Domestic Appliances market is anticipated to witness CAGR of 11.2% during (2019-2025).

Structural Insights: https://www.kbvresearch.com/humidity-sensor-market/

The maket research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of General Electric (GE) Co., Sensirion AG, TE Connectivity Ltd., Honeywell International, Inc., Continental AG, Robert Bosch GmbH, Infineon Technologies AG, Sensata Technologies Holdings Plc., Omron Corporation and Hitachi, Ltd.

Recent Strategies Deployed in Humidity Sensor Market

» Collaborations, Partnerships and Agreements:

Jun-2017: Bosch came into partnership with Intel in order to launch an air quality monitoring tool. This tool uses software and sensors for measuring the air pollutants accurately and rapidly. It can also measure temperature, light, pressure, sound, and relative humidity.

» Acquisition and Mergers:

Oct-2019: TE Connectivity took over Silicon Microstructures, a developer of Medical sensors. Through this acquisition, TE aimed at expanding its market share in the development of integrated sensor products for transportation, medical and industrial applications.

Sep-2017: Sensirion acquired automotive business of Auto Industrial Co. Ltd. (AIC), a provider of automotive sensor modules. Through this acquisition, Sensirion has expanded its market position as 1st tier and OEM automotive sensor module supplier. It will develop the sensor modules for the measurement of humidity and temperature, carbon dioxide, etc.

Aug-2016: Honeywell announced the acquisition of Intelligrated, a leader in supply chain and warehouse automation solution. Through this acquisition, Honeywell would strengthen its Sensing and Productivity Solutions business with its innovative material handling, warehouse automation and other solutions.

» Product Launches:

Apr-2019: Sensirion launched SVM30, a multi-gas, humidity and temperature module. This module is developed for facilitating the sensor integration and product development while offering the flexibility for product design. It also delivers calibrated compensation of humidity cross-sensitivity and air quality output signals.

Nov-2018: Sensirion introduced SHT85, the new pin-type relative humidity sensor, which is easily replaceable in wide range of applications. This sensor has the embedded feature of PTFE membrane that protects the sensor opening from dust and liquids according to IP67, without making any effect to the response time of the relative humidity signal.

Jun-2018: Sensirion released SHTC3, a new ultra-low power humidity sensor for battery-driven and mobile applications. This sensor fulfills the current and future requirements of conventional limits of size and power consumption. It has improved the performance and flexibility of SHTC1, while maintaining the reliability.

Oct-2017: Bosch Sensortec announced the launch of BME280, an integrated Environment unit, which combines sensors for humidity, pressure and temperature in a single package. This sensor offers best-in-class response time of just one second for excellent ambient temperature management, humidity determination, and low energy consumption. It has been developed for emerging high-performance applications such as home automation control, indoor navigation, fitness applications, etc.

Global Humidity Sensor Market Segmentation

By Type

Absolute Humidity Sensor

Relative Humidity Sensor

Others

By End User

Automotive

Pharmaceutical & Healthcare

Industrial

Building Automation & Domestic Appliances

Food & Beverages

Environmental & Agriculture

Others

By Geography

North America

US

Canada

Mexico

Rest of North America

Europe

Germany

UK

France

Russia

Spain

Italy

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

Singapore

Malaysia

Rest of Asia Pacific

LAMEA

Brazil

Argentina

UAE

Saudi Arabia

South Africa

Nigeria

Rest of LAMEA

Companies Profiled

General Electric (GE) Co.

Sensirion AG

TE Connectivity Ltd.

Honeywell International, Inc.

Continental AG

Robert Bosch GmbH

Infineon Technologies AG

Sensata Technologies Holdings Plc.

Omron Corporation

Hitachi, Ltd.

Humidity Sensor Market Related Reports:

North America Market

Europe Market

Asia Pacific Market

LAMEA Market