Digital Temperature And Humidity Sensor Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast (2021 – 2026) Contact: Venkat Reddy sales@industryarc.com (+1) 970-236-3677
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• Digital Temperature and Humidity Sensor Market size is estimated to reach $4.3 billion by 2026 at a CAGR of 9.9% during the forecast period 2021-2026. • The growth of digital temperature and humidity sensor market is majorly attributed to the rising demand for integrated surface mount technology humidity and temperature sensors to provide high accuracy measurements with low power requirement in order to simplify asset monitoring solutions preventing from premature equipment failure. Increasing penetration of digitalization in sensing technology is estimated to drive Digital Microelectromechanical systems (MEMS) Temperature and Humidity Sensor Market. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Key Takeaways • APAC is estimated to be the fastest growing market during 2021-2026 with a CAGR of 11.5% owing to high investments in industrialization and digitalization. • Among industrial sectors, Utility sector is analyzed to be the fastest growing market with a CAGR of 12.1% due to increasing penetration of smart utility leveraging real-time monitoring platform. Consumer sector is estimated to witness the highest growth due to burgeoning demand for advanced electronic devices for smart home applications. • Increasing demand for IoT sensors in automotive sector and increasing penetration of smart utility are driving the market.
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By Distribution Channel- Segment Analysis By application in Digital Temperature and Humidity Sensor, Smart home applications are estimated to witness significant growth due to rising demand for consumer electronics and increasing penetration of smart home appliances to control residential HVAC system. In February 2021, Leeds City Council announced to deploy IoT sensors including temperature and humidity leveraging smart home solutions. Such initiatives are set to drive the market from 2021 to 2026.
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Digital Temperature and Humidity Sensor Market
Industry Outlook • • • • • • • • •
Bosch GmbH Honeywell International, Inc. Continental Ag Delphi Automotive PLC NXP Semiconductor N.V. Texas Instruments, Inc. Sensata Technologies, Inc. Analog Devices, Inc. Sensirion AG
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Digital Temperature And Humidity Sensor Market Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast (2021 – 2026) Learn More About the Report
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