Global Market Study on Industrial Wireless Sensor Network: Emphasis on Operation Efficiency to Drive the Market Growth During 2017 to 2026


Industrial Wireless Sensor Network  Market
  • Published On : Mar-2018 |
  • Pages : 170 Pages |
  • Format :

Industrial wireless sensor network has gained immense traction since the recent past, enabling enterprises to monitor & control a variety of parameters that include pressure, vibration, and temperature of their processes. This has further enabled these enterprise in curtailing cost and time investments. Mounting requirements for improving process efficiencies and meeting corporate financial objectives has been fuelling demand for cost-effective industrial automation systems, with industrial wireless network sensors being one of the most efficient.

Multiple benefits offered by industrial wireless sensor network such as intelligent processing capability, self-organization, flexibility, and rapid development have further been propelling their adoption. These systems are of high value to huge industries as they play a vital role in the creation of self-healing and reliable system, which provides feedback of real-time events and takes appropriate actions in case of faults and defects.

Insightful Analysis on Industrial Wireless Sensor Network Market

Persistence Market Research’ new insightful analysis on the global industrial wireless sensor network market is an all-inclusive report, which traces future demand evolution of industrial wireless sensor network. This analytical study delivers intelligence on the way global industrial wireless sensor network market will witness expansion in the forecast period, 2017 to 2026. Information issued in this elucidates latest trends impacting the market growth, and addresses objective concerns of companies developing industrial wireless sensor network.

Continuous discussions carried out by analysts at PMR with companies developing industrial wireless sensor network has enabled provision of actionable insights on the market. Influence of effective & innovative production technologies, mandatory manufacturing regulations & standards, and emerging end users has been reflected across all research findings of this report. Overall market size, and revenue shares of key market segments included in the study, are among key considerations used for interpreting and quantifying data gleaned from primary and secondary researches.

A robust research methodology employed by PMR’s analysts has enabled them in procuring information from authentic databases and the market participants, which in turn is aggregated and streamlined. The information obtained has then been leveraged for generating a baseline for the market size evaluation, segmentation values, and estimations on the regional market sizes. The report further imparts a first-hand information on lucrative and sluggish marketplaces across the globe by branching the industrial wireless sensor network market into key regional segments. Report readers can capitalize on this information for expanding their footprint in the global market.

Market Taxonomy

Region

Sensors Type

End-Use Industry Type

Application Type

Technology Type

North America

Temperature Sensors

Automotive

Machine Monitoring

WirelessHART

Latin America

Sound Sensors

Food & Beverages

Process Monitoring

Wi-Fi

Europe

Pressure Sensors

Oil & Gas

Asset Tracking

High Energy Bluetooth

Japan

Humidity Sensors

Healthcare & Pharmaceuticals

Safety & Surveillance

ISA 100.11a

APEJ

Level Sensors

Manufacturing

Other Applications

Cellular

MEA

Flow Sensors

Aerospace & Defense

Zigbee

Chemical Sensors

Energy & Mining

NFC

Motion & Position Sensors

Other Industries

Other Technologies

Other Sensors

 The report also offers detailed forecast on the market based on a segmentation-wise analysis, which provides readers with deep understanding on sluggish as well as lucrative avenues for the industrial wireless sensor network market. The report segments the global industrial wireless sensor network market across an array of regions and segments namely, technology type, application type, end-use industry type, and sensors type.

In-depth Study on Competition Landscape

A key benefit of using the research analysis offered in the report is that readers can gain better understanding on the competition landscape of the global industrial wireless sensor network market. Taking into consideration how companies developing industrial wireless sensor network are seeking aid in extracting information about their competitors and learning about their growth strategies, the competition landscape chapter of this report is valuable for key players operating in the market.

From leading players to emerging companies, intelligence issued in this chapter of the report unveils latest strategies as well as current conditions of the market players. Scope of PMR’s report on the global market for industrial wireless sensor network is to enable the readers to make informed decisions on future direction of their businesses. The report promises great assistance to companies focusing on the expansion of their presence in the global industrial wireless sensor network market in the foreseeable future.

Achieving high standards of industrial energy efficiency and safety has persisted as a major consideration among all industrial sectors worldwide. Factors such as low cost of installation and power efficiency have governed efficacy of industrial facilities, which entails remarkable challenges while using wired sensors. This has led industries around the world toward replacing wired sensors with wireless ones, as they facilitate realization of both energy and cost efficiency.

Proactive expansion is key for industrial buildings and facilities for sustaining in the competitive environment. Ideal design for industrial buildings involves scope for growth, in order to enable structures to incorporate new machines as well as future evolving requirements. As wireless sensors are devoid of conduit spaces for effective installation within building structures compared to their wired counterparts, industries are relieved of additional costs incurred in the design of conduits needed for wired sensors.

global industrial wireless sensor network market

A new report of Persistence Market Research envisages the global industrial wireless sensor network market to reflect a splendid growth in the period between 2017 and 2026. Approximately US$ 7,000 Mn revenues are estimated to be gained from sales of industrial wireless sensor network across the globe by 2026-end.

Emphasis on Operation Efficiency Driving Demand for Industrial Wireless Sensor Network

Industries with capital vigour are preferring deployment of wireless sensors for increasing their operational efficiency, which in turn complements their productivity. Operational efficiency has prevailed as key strategy of companies for sustaining competition in the competitive industrial environment, which in turn has led them to adopt automation technologies. Industrial automation facilitates efficient monitoring, control, and management of work force and processes, along with optimum functioning.

With growing use of robotics and industrial automation, demand for sensors such as motion sensors, force sensors, range sensors, and proximity sensors is on the rise. Wireless sensors have now become indispensable components of robotics for enabling sensing, recognition, and interpretation. Growth in network infrastructure and proliferation of IoT-connected devices have further augmented demand for wireless sensor network in industries.

Increasing Policies & Regulations Leading to Large-Scale Installation of Wireless Sensor Networks

Increasing implementation of policies and regulations by various government agencies that include Mine Safety and Health Administration (MSHA) and International Labor Organization (ILO) have led to large-scale installation of wireless sensor network across different industrial sectors. Additionally, high influence of industrial internet of things (IIoT) and smart manufacturing trends on industrial automation have further proliferated adoption of wireless sensor networks in various industries.

Competition in the global industrial wireless sensor network market is likely to intensify in the years to come, driven by the presence of numerous providers who focus on innovation service provisions and expansion of their market footprint. New product launches equipped with advanced technologies that offer enhanced durability is a key strategy employed by leading manufacturers for maintaining their competitiveness in the market.

Well-established enterprises are entering into activities such as acquisitions, mergers, and partnerships with corresponding businesses for capitalizing on their innovative technologies. For example, Belair Networks was acquired by Ericsson, which integrated Belair’s technologies & solutions with its existing products & services, in order boost revenue generation. Key companies significantly supporting growth of the global industrial wireless sensor network market include Siemens AG, STMicroelectronics, ABB Ltd., Honeywell International Inc., Endress+Hauser Management AG, Linear Technology, Yokogawa Electric Corporation, and Banner Engineering Corp.

Company Profiles

  • Siemens AG
  • STMicroelectronics
  • ABB Ltd.
  • Honeywell International Inc.
  • Endress+Hauser Management AG
  • Banner Engineering Corp.
  • Schneider Electric
  • Emerson Electric Co.
  • Yokogawa Electric Corporation
  • NXP Semiconductors
  • Others.
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