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Industrial Wireless Sensor Networks Market

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Industrial Wireless Sensor Networks Market is Projected to Register Compound Annual
Growth Rate (CAGR) of over 12.3% from 2018 to 2026
The global industrial wireless sensor networks market was valued at US$ 1,950.6 Mn
in 2017 and is projected to register compound annual growth rate (CAGR) of over
12.3% from 2018 to 2026, according to a new report published by Transparency
Market Research (TMR) titled “ Industrial Wireless Sensor Networks Market – Global
Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026. ” The report
suggests that the better reliability and availability of industrial wireless sensor
networks as compared to conventional industrial wired sensor networks is likely to
spur the demand for industrial wireless sensor networks in the coming years (2018 to
2026). As key players introduce new industrial wireless sensor networks technology
and solutions in developed markets such as North America, Europe, and Asia Pacific,
these regions are likely to account for dominating share of this market. Growing
demand for industrial wireless sensor networks from the manufacturing sector in
emerging markets such as China and India is likely to boost growth of the Asia
Pacific industrial wireless sensor networks market at a growth rate of around 16.1%
from 2018 to 2026.
Get PDF Brochure for Detailed Analysis of this Research @
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=434
Industrial wireless sensor networks as an alternative to conventional industrial wired
sensor networks to influence the expansion of the market worldwide
Although conventional industrial wired sensor networks can operate in an industrial
setting, they are very costly and inefficient. Industrial wireless sensor networks on the
other hand are much more efficient. Considerable cost is saved on industrial wireless
sensor networks as there is less wiring used. Industrial wireless sensor networks can
also be placed in locations which are technically unreachable, giving them an edge
over their conventional counterparts. Industrial wireless sensor networks have a
higher penetration in developed economies as compared to developing economies.
Download Report TOC for in-depth analysis @
https://www.transparencymarketresearch.com/report-toc/434
Industrial wireless sensor networks are significantly more adopted in manufacturing
industry around the globe
Based on type, the industrial wireless sensor networks market is segmented into Flow,
Gas, Temperature, Pressure, and Others (Level, Humidity etc.). In 2026, others subsegment is expected to hold more than one third of the total market and expand at a
steady rate throughout the forecast period. Industrial wireless sensor networks not
only improve efficiency but also reduce maintenance costs due to comparatively less
wiring and connections than conventional wired sensors. In terms of technology, the
market is segmented into Bluetooth, ZigBee, Wi-Fi, Near Field Communication (NFC),
Cellular, and Others (wirelessHART, ISA 100.11a etc.). Primarily driven by battery
efficiency, the ZigBee sub-segment is expected to hold a bulk share of the total
market and grow at a rapid pace throughout the forecast period. On the basis of
industry, the market is segmented into automotive, food & beverages, manufacturing,
mining, oil & gas, and others.
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monaliraghu
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