A humidity sensor, popularly known as hygrometer or dew sensor, is used for monitoring, measuring, and detecting the percentage of humidity in the air. Report, published by Market Research Future (MRFR), on the global humidity sensor market, claims that this market could witness an increase at 15% CAGR between 2017 and 2023. By value, the market can be worth the USD 1.88 Bn by the end of the forecast period.Regional Segmentation
A geographical outlining of [FURL=https://www.marketresearchfuture.com/reports/humidity-sensor-market-5589]Humidity Sensor Market[/FURL] encompasses North America, Europe, Asia Pacific, and Rest of the World (RoW).
During the forecast period, North America and Europe are expected to experience significant market growth. Both of these regions have the advanced infrastructure in the industrial sector. The growing requirement for energy-efficient sensors for providing better analysis of the moisture control is propelling the market growth in both regions. Most of the important market players are also based on these two continents. In North America, maximum revenue-generating companies are the USA and Canada. In Europe, such countries are France, Germany, and the UK.
During the forecast period, the Asia Pacific region can appear as the fastest growing regional market with China, India, and Japan, leading the revenue growth. In this region, the market growth can be attributed to the increasing awareness among the farmers for the production of better quality crops in their fields.
Key Players
Major players in the global humidity sensor market include BEI Sensors (USA), Continental AG (Germany), Custom Sensors & Technologies Inc. (USA), Delphi Corporation (UK), GE Sensing & Inspection Technologies (USA), Hitachi Automotive Systems (Japan), Honeywell International (USA), Infineon Technologies (Germany), Melexis Microelectronic Integrated Systems N.V (Belgium), PCE Instruments (USA), Robert Bosch GmbH (Germany), Sensirion (Switzerland), and Vectron International (Germany).
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