Market Overview:
The global eddy current proximity sensors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for eddy current proximity sensors in various applications such as aerospace, automobile, electric power, petroleum, chemical and others. Additionally, factors such as technological advancements and miniaturization are also contributing to the growth of this market.
Product Definition:
An eddy current proximity sensor is a type of non-contact sensor that uses the principle of electromagnetic induction to detect objects. The sensor consists of an inductor and a capacitor, both of which are connected to an AC voltage source. When an object comes close to the inductor, it creates a changing magnetic field that induces current in the capacitor. This current can be detected by a circuit connected to the capacitor, and this signal can be used to determine the position and size of the object.
Split type Eddy Current Sensor:
The split type eddy current sensor is a device used to measure the flow rate of a liquid in pipelines. It consists of two metal plates joined by a flexible cable, which is inserted into the pipe. The electric current generated by the sensor generates an electromagnetic field around it, which causes the flow rate to be proportional to the strength of magnetic flux density.
The market for split type eddy current sensors has been growing at a steady pace over recent years.
Integrated Eddy Current Sensor:
Integrated eddy current sensor is a combination of Hall Effect and magneto-resistive element. It provides more accurate measurement as compared to other conventional sensors. Integrated eddy current sensor has wide applications in proximity sensors, flow meters, level controllers, and position feedback sensors among others.
The major advantage of integrated eddy current sensor is that it can be easily incorporated into the design of any device without increasing the size or cost of the entire system resulting in better efficiency.
Application Insights:
The electric power segment dominated the global eddy current proximity sensors market in terms of revenue in 2017. The growth can be attributed to the increasing demand for energy from industrial and residential end-use sectors. Rising need for efficient and compact energy generation equipment has resulted in an increased focus on renewable sources such as wind turbines, solar panels, etc., which is expected to drive the product demand over the forecast period.
Eddy current proximity sensors are used across a wide range of applications including aerospace, automobile & transport, oil & gas sector among others.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to increasing government funding for R&D activities and rising adoption of eddy current sensors across several industries. For instance, as per a recent study by the National Institute of Standards and Technology (NIST), U.S., eddy current sensor is one of the ten technologies that will have a significant impact on legacy systems safety standards over coming years.
The Asia Pacific regional market is expected to witness lucrative growth during the forecast period owing to rapid industrialization along with growing demand from end-use industries such as oil & gas, power, petrochemical, aerospace etc.
Growth Factors:
- Increasing demand from automotive industry for safety features
- Growing demand for Eddy Current Proximity Sensors in metal detection and sorting applications
- Rising adoption of Eddy Current Proximity Sensors in packaging and manufacturing industries
- Increasing popularity of Eddy Current Proximity Sensors among end-users owing to its advantages over traditional sensors
- Technological advancements in eddy current proximity sensor technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Eddy Current Proximity Sensors Market Research Report
By Type
Split type Eddy Current Sensor, Integrated Eddy Current Sensor
By Application
Aerospace, Automobile, Electric power, Petroleum, Chemical, Other
By Companies
GE, Bruel & Kjar, Lion Precision, Kaman, Micro-Epsilon, Emerson, SHINKAWA, KEYNECE, RockWell Automation, IFM, OMRON, Pansonic, Methode Electronics, LaunchPoint, SKF, Zhonghang
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Eddy Current Proximity Sensors Market Report Segments:
The global Eddy Current Proximity Sensors market is segmented on the basis of:
Types
Split type Eddy Current Sensor, Integrated Eddy Current Sensor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aerospace, Automobile, Electric power, Petroleum, Chemical, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE
- Bruel & Kjar
- Lion Precision
- Kaman
- Micro-Epsilon
- Emerson
- SHINKAWA
- KEYNECE
- RockWell Automation
- IFM
- OMRON
- Pansonic
- Methode Electronics
- LaunchPoint
- SKF
- Zhonghang
Highlights of The Eddy Current Proximity Sensors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Split type Eddy Current Sensor
- Integrated Eddy Current Sensor
- By Application:
- Aerospace
- Automobile
- Electric power
- Petroleum
- Chemical
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Eddy Current Proximity Sensors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Eddy Current Proximity Sensors are a type of sensor that uses an electric current to measure the distance between two points. They are often used in industrial applications, such as manufacturing and logistics, to detect objects that are close by.
Some of the major players in the eddy current proximity sensors market are GE, Bruel & Kjar, Lion Precision, Kaman, Micro-Epsilon, Emerson, SHINKAWA, KEYNECE, RockWell Automation, IFM, OMRON, Pansonic, Methode Electronics, LaunchPoint, SKF, Zhonghang.
The eddy current proximity sensors market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Eddy Current Proximity Sensors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Eddy Current Proximity Sensors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Eddy Current Proximity Sensors Market - Supply Chain
4.5. Global Eddy Current Proximity Sensors Market Forecast
4.5.1. Eddy Current Proximity Sensors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Eddy Current Proximity Sensors Market Size (000 Units) and Y-o-Y Growth
4.5.3. Eddy Current Proximity Sensors Market Absolute $ Opportunity
5. Global Eddy Current Proximity Sensors Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Eddy Current Proximity Sensors Market Size and Volume Forecast by Type
5.3.1. Split type Eddy Current Sensor
5.3.2. Integrated Eddy Current Sensor
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Eddy Current Proximity Sensors Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Eddy Current Proximity Sensors Market Size and Volume Forecast by Application
6.3.1. Aerospace
6.3.2. Automobile
6.3.3. Electric power
6.3.4. Petroleum
6.3.5. Chemical
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Eddy Current Proximity Sensors Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Eddy Current Proximity Sensors Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Eddy Current Proximity Sensors Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Eddy Current Proximity Sensors Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Eddy Current Proximity Sensors Demand Share Forecast, 2019-2026
9. North America Eddy Current Proximity Sensors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Eddy Current Proximity Sensors Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Eddy Current Proximity Sensors Market Size and Volume Forecast by Application
9.4.1. Aerospace
9.4.2. Automobile
9.4.3. Electric power
9.4.4. Petroleum
9.4.5. Chemical
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Eddy Current Proximity Sensors Market Size and Volume Forecast by Type
9.7.1. Split type Eddy Current Sensor
9.7.2. Integrated Eddy Current Sensor
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Eddy Current Proximity Sensors Demand Share Forecast, 2019-2026
10. Latin America Eddy Current Proximity Sensors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Eddy Current Proximity Sensors Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Eddy Current Proximity Sensors Market Size and Volume Forecast by Application
10.4.1. Aerospace
10.4.2. Automobile
10.4.3. Electric power
10.4.4. Petroleum
10.4.5. Chemical
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Eddy Current Proximity Sensors Market Size and Volume Forecast by Type
10.7.1. Split type Eddy Current Sensor
10.7.2. Integrated Eddy Current Sensor
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Eddy Current Proximity Sensors Demand Share Forecast, 2019-2026
11. Europe Eddy Current Proximity Sensors Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Eddy Current Proximity Sensors Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Eddy Current Proximity Sensors Market Size and Volume Forecast by Application
11.4.1. Aerospace
11.4.2. Automobile
11.4.3. Electric power
11.4.4. Petroleum
11.4.5. Chemical
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Eddy Current Proximity Sensors Market Size and Volume Forecast by Type
11.7.1. Split type Eddy Current Sensor
11.7.2. Integrated Eddy Current Sensor
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Eddy Current Proximity Sensors Demand Share, 2019-2026
12. Asia Pacific Eddy Current Proximity Sensors Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Eddy Current Proximity Sensors Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Eddy Current Proximity Sensors Market Size and Volume Forecast by Application
12.4.1. Aerospace
12.4.2. Automobile
12.4.3. Electric power
12.4.4. Petroleum
12.4.5. Chemical
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Eddy Current Proximity Sensors Market Size and Volume Forecast by Type
12.7.1. Split type Eddy Current Sensor
12.7.2. Integrated Eddy Current Sensor
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Eddy Current Proximity Sensors Demand Share, 2019-2026
13. Middle East & Africa Eddy Current Proximity Sensors Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Eddy Current Proximity Sensors Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Eddy Current Proximity Sensors Market Size and Volume Forecast by Application
13.4.1. Aerospace
13.4.2. Automobile
13.4.3. Electric power
13.4.4. Petroleum
13.4.5. Chemical
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Eddy Current Proximity Sensors Market Size and Volume Forecast by Type
13.7.1. Split type Eddy Current Sensor
13.7.2. Integrated Eddy Current Sensor
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Eddy Current Proximity Sensors Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Eddy Current Proximity Sensors Market: Market Share Analysis
14.2. Eddy Current Proximity Sensors Distributors and Customers
14.3. Eddy Current Proximity Sensors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bruel & Kjar
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Lion Precision
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Kaman
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Micro-Epsilon
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Emerson
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. SHINKAWA
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. KEYNECE
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. RockWell Automation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. IFM
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. OMRON
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Pansonic
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Methode Electronics
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. LaunchPoint
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. SKF
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Zhonghang
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
