Fluid Sensors Market Share

APAC Market Forecast

Fluid sensors market in Asia Pacific is expected to hold the largest share of about 38% by the end of 2037. The market in the region is growing as a result of an increasing rate of industrial production in these developing and emerging countries, given that Chinese, Indian, Japanese, or South Korean are primary producers of industrial fluid sensors. The strong use of fluid sensors in sectors such as water and sewage, chemicals, food, and beverages, and others are another factor that contributes to rapid economic development within the Asia Pacific region. Government initiatives like the National Mission for Clean Ganga (NMCG) also place demands on the level and flow detection sensors, which is good for the market's expansion. There are around 3 million sewage discharges a day into the Ganges, and about half of them have not been treated.

North American Market Statistics

Fluid sensors market in North America is estimated to hold the second largest share of about 27% during the forecast period. As a result of the thoroughly developed industries in oil, gas, chemicals, and power generation. In 2017, it was expected that North American renewable energy production would continue to invest significantly in new projects. The US Department of Energy expects that by 2050, the hydropower sector will have increased its capacity from today's 101 GW to about 150 GW.