Market Overview:
The Global Intrinsically Safe Position Sensors Market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for intrinsically safe position sensors in various applications such as mining industry, industrial gases, explosion-proof device, and others. Additionally, the growing awareness about safety and security is also propelling the market growth. However, high installation and maintenance cost may restrain the market growth during the forecast period. On basis of type, guidance type Intrinsically Safe Position Sensors are expected to hold a major share in terms of revenue in 2018 owing to their wide usage across various applications such as mining industry and industrial gases.
Product Definition:
Intrinsically safe position sensors are used in hazardous areas to detect the presence or absence of an object. They are important because they help keep workers safe by preventing them from coming into contact with dangerous materials.
Guidance Type:
Guidance type is a technology used in position sensors to provide accurate and reliable measurement of the work piece. It uses magnetic, optical or acoustic guidance for movement of the sensor head. The main objective of using this technology is to achieve repeatability and reproducibility with minimum human intervention during production process.
The global guidewire market by guidance type was valued at USD 1,37 billion in 2016.
Insertion Type:
The Intrinsically Safe Position (ISPS) sensors are used to detect the position of a patient in an insertion type. The ISPS sensor is a small device that is inserted into the body, which monitors vital signs and ensures that the patient remains in an ISPS position. These sensors are used with automatic implantable devices such as insulin pumps, neurostimulators, defibrillators and cardiac resynchronization therapy devices among others.
Application Insights:
Mining industry was the dominant segment in terms of application scope and accounted for a revenue share of over 40.0% in 2017. Intrinsically safe position sensors are widely used in mining applications as they ensure reliable performance and long life even at extreme temperatures. The LPS series by Honeywell International Inc., provides highly accurate solutions for critical applications such as deep-level mining, high-temperature exploration, and underground coal gasification among others.
The industrial gases application segment is expected to witness significant growth over the forecast period owing to rising demand from various industries including pharmaceuticals, chemical processing plants, natural gas compression stations, petrochemical plants among others which require PGP5 products with enhanced features such as higher accuracy levels & extended range capability which can be integrated with existing safety systems easily without additional hardware or software modifications.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in several industries, such as oil & gas, mining, industrial gases and others. This can be attributed to increasing demand for intrinsically safe position sensors from end-user industries across countries like China and India.
The North America market accounted for a significant share of the global revenue owing to high penetration of technologically advanced products used by healthcare industry for medical purposes along with growing explosion-proof device manufacturing sector in U.S., Mexico and Canada among other regions worldwide is anticipated to drive product demand over next eight years.
Growth Factors:
- Increasing demand from process industries for intrinsically safe position sensors for hazardous areas
- Growing popularity of smart factories, which require advanced position sensing technologies for safety and efficiency
- Proliferation of IIoT and Industry 4.0, which are creating new opportunities for Intrinsically Safe Position Sensors market growth
- Rising demand from end-users in automotive and aerospace industries for high-performance position sensors with increased safety features
- Technological advancements that are resulting in the development of more sophisticated intrinsically safe position sensors
Scope Of The Report
Report Attributes
Report Details
Report Title
Intrinsically Safe Position Sensors Market Research Report
By Type
Guidance Type, Insertion Type, Straight Line Type, L Type
By Application
Mining Industry, Industrial Gases, Explosion-Proof Device, Other
By Companies
Althen Sensors, Positek, Banner Engineering, AMETEK, Sensata, SMC Corporation of America, AUTOMATION PRODUCTS GROUP, ifm electronic, Sentech, Motion Sensors, BEI Sensors, Pepperl+Fuchs, Hans Turck GmbH&Co, Gill Instruments
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Intrinsically Safe Position Sensors Market Report Segments:
The global Intrinsically Safe Position Sensors market is segmented on the basis of:
Types
Guidance Type, Insertion Type, Straight Line Type, L Type
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
Mining Industry, Industrial Gases, Explosion-Proof Device, 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:
- Althen Sensors
- Positek
- Banner Engineering
- AMETEK
- Sensata
- SMC Corporation of America
- AUTOMATION PRODUCTS GROUP
- ifm electronic
- Sentech
- Motion Sensors
- BEI Sensors
- Pepperl+Fuchs
- Hans Turck GmbH&Co
- Gill Instruments
Highlights of The Intrinsically Safe Position 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:
- Guidance Type
- Insertion Type
- Straight Line Type
- L Type
- By Application:
- Mining Industry
- Industrial Gases
- Explosion-Proof Device
- 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 Intrinsically Safe Position 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?
Intrinsically safe position sensors are designed to be in a position where they cannot cause an injury.
Some of the key players operating in the intrinsically safe position sensors market are Althen Sensors, Positek, Banner Engineering, AMETEK, Sensata, SMC Corporation of America, AUTOMATION PRODUCTS GROUP, ifm electronic, Sentech, Motion Sensors, BEI Sensors, Pepperl+Fuchs, Hans Turck GmbH&Co, Gill Instruments.
The intrinsically safe position sensors market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Intrinsically Safe Position Sensors Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Intrinsically Safe Position Sensors Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Intrinsically Safe Position Sensors Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Intrinsically Safe Position Sensors Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Intrinsically Safe Position Sensors Market Size & Forecast, 2020-2028 4.5.1 Intrinsically Safe Position Sensors Market Size and Y-o-Y Growth 4.5.2 Intrinsically Safe Position Sensors Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Guidance Type
5.2.2 Insertion Type
5.2.3 Straight Line Type
5.2.4 L Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Mining Industry
6.2.2 Industrial Gases
6.2.3 Explosion-Proof Device
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Intrinsically Safe Position Sensors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Intrinsically Safe Position Sensors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Guidance Type
9.6.2 Insertion Type
9.6.3 Straight Line Type
9.6.4 L Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Mining Industry
9.10.2 Industrial Gases
9.10.3 Explosion-Proof Device
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Guidance Type
10.6.2 Insertion Type
10.6.3 Straight Line Type
10.6.4 L Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Mining Industry
10.10.2 Industrial Gases
10.10.3 Explosion-Proof Device
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Guidance Type
11.6.2 Insertion Type
11.6.3 Straight Line Type
11.6.4 L Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Mining Industry
11.10.2 Industrial Gases
11.10.3 Explosion-Proof Device
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Guidance Type
12.6.2 Insertion Type
12.6.3 Straight Line Type
12.6.4 L Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Mining Industry
12.10.2 Industrial Gases
12.10.3 Explosion-Proof Device
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Guidance Type
13.6.2 Insertion Type
13.6.3 Straight Line Type
13.6.4 L Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Mining Industry
13.10.2 Industrial Gases
13.10.3 Explosion-Proof Device
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Intrinsically Safe Position Sensors Market: Competitive Dashboard
14.2 Global Intrinsically Safe Position Sensors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Althen Sensors
14.3.2 Positek
14.3.3 Banner Engineering
14.3.4 AMETEK
14.3.5 Sensata
14.3.6 SMC Corporation of America
14.3.7 AUTOMATION PRODUCTS GROUP
14.3.8 ifm electronic
14.3.9 Sentech
14.3.10 Motion Sensors
14.3.11 BEI Sensors
14.3.12 Pepperl+Fuchs
14.3.13 Hans Turck GmbH&Co
14.3.14 Gill Instruments