Global Hygrometer Market, By Type (Capacitive, Resistive, Thermal, Gravimetric), Application (Commercial, Residential), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Hygrometer Market
The hygrometer market will reach at an estimated value of USD 659.94 million by 2028 and grow at a CAGR of 7.20% in the forecast period of 2021 to 2028. Increase in the adoption of these sensors for moisture-sensitive applications in industries, such as food & beverages, healthcare, and textile, among others is an essential factor driving the hygrometer market.
Hygrometer is defined as an instrument which is used for the measurement of the moisture content in the atmosphere and these instruments rely on measurements of factors such as temperature, pressure, mass or a mechanical or electrical change in a substance. Modern hygrometers use temperature of condensation, or changes in resistance or electrical capacitance to measure humidity differences.
Rise in the applications of humidity sensors in agricultural, medical, and biomedical devices and IIoT devices is a crucial factor accelerating the market growth, also increase in the developments in IoT and IIoT technology due to the proliferation of industry, rise in the uses of sensors in smart grids and smart homes and rise in the global food demand due to the rapidly increasing population worldwide are the major factors among others boosting the hygrometer market. Moreover, rise in the need for controlled environment and rise in the research and development activities in the market will further create new opportunities for hygrometer market in the forecast period mentioned above.
However, rising availability of the substitutes is the major factor among others restraining the market growth, and will further challenge the hygrometer market in the forecast period mentioned above.
This hygrometer market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hygrometer market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Hygrometer Market Scope and Market Size
The hygrometer market is segmented on the basis of type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the hygrometer market is segmented into capacitive, resistive, thermal and gravimetric.
The hygrometer market is also segmented on the basis of application into commercial and residential.
Hygrometer Market Scope Country Level Analysis
The hygrometer market is analysed and market size, volume information is provided by country, type and application as referenced above.
The countries covered in the hygrometer market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe and North America dominates the hygrometer market due to rise in the adoption of air quality monitoring systems with integrated humidity sensor solution and increase in the applications of humidity sensors in agricultural, medical, and biomedical devices and IIoT devices in this region. Asia-Pacific is the expected region in terms of growth in hygrometer market due to increase in the developments in IoT and IIoT technology due to the proliferation of industry in this region.
The country section of the hygrometer market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Hygrometer Market Share Analysis
The hygrometer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to hygrometer market.
The major players covered in hygrometer market report are Robert Bosch GmbH, General Electric, BorgWarner Inc., Hitachi, Ltd, Honeywell International Inc., PCE Deutschland GmbH, Sensata Technologies, Inc., TE Connectivity, Continental AG, Infineon Technologies AG, STMicroelectronics, ALPS ALPINE CO., LTD and OMRON Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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