Global Pressure Sensor Market

The positive airway pressure devices market consists of sales of positive airway pressure devices by entities (organizations, sole traders, and partnerships) that manufacture positive airway pressure (PAP) devices that are used to trap air under pressure into the airway of the lungs. It is widely used in the treatment of obstructive sleep apnea (OSA), snoring, and others. PAP devices include bands to position the mask, a pipe or tube to connect the mask to a device, and an air filter to purify the air entering the nostrils. The main types of positive airway pressure devices are continuous positive airway pressure (CPAP), auto-titrating positive airway pressure (APAP), and bilevel positive airway pressure (BiPAP). Continuous positive airway pressure devices use mild air pressure to keep the airways open and are used for the treatment of patients who have breathing problems during sleep. Auto-titrating positive airway pressure devices are used for the determination of an optimal fixed level of CPAP for long-term treatment with a conventional CPAP device and help in maintaining the least amount of pressure integrity of the airway. Bilevel positive airway pressure devices are used to push air through the lungs using two different machines, one for higher pressure when breathing in and the other with a lower pressure when breathing out. These devices are used for the treatment of sleep apnea, COPD, and other disorders. The user of positive airway pressure devices includes hospitals & sleep labs, home care settings, and others. The global positive airway pressure devices market size is expected to grow from $3.23 billion in 2021 to $3.48 billion in 2022 at a compound annual growth rate (CAGR) of 7.9%. The global positive airway pressure device market size is expected to grow to $4.89 billion in 2026 at a CAGR of 8.9%. The increasing geriatric population is expected to contribute to the growth of the positive airway pressure (PAP) devices market in the forecast period. The geriatric population is more prone to sleep apnea diseases. The higher prevalence of obstructive sleep apnea (OSA) is related to the decrease in the size of the upper airway lumen because of the increasing age. According to the UN World Ageing Population 2020 report, there were 727 million persons aged 65 years or over in 2020, accounting for 9.3% of the total population. It is estimated that the aging population will reach over 1.5 billion, accounting for 16% in 2050. Thus, the rising geriatric population as the existence of apnea is more prevalent in the geriatric population, and this is likely to drive the market. The launch of innovative and technologically advanced products by the industry players is gaining popularity in the positive airway devices market. For instance, in September 2020, keepMED, a start-up company developing disruptive solutions for the medication of obstructive sleep apnea (OSA) has designed and developed keePAP. keePAP will help in maintaining airway pressure to keep the upper airway open, this will support the user's respiratory system to deliver just the amount of PAP needed intermittently and with minimal airflow. Thus, companies operating in the market are continuously focusing on introducing new technologies to survive in the positive airway pressure devices market. The limited affordability of positive airway pressure devices due to the high cost associated with positive airway pressure machines proved to be a restraint for the positive airway pressure devices market in the forecast period. The prices of these machines depend on the type of functions offered by the machines. For instance, according to the SleepFoundation.org article published in January 2021, the average price of non-insured continuous positive airway pressure (CPAP) devices can range anywhere from $250 to $1,000, whereas, bilevel positive airway pressure (BiPAP) devices can cost around $1,000 to $6,000, due to their complexity. High prices of positive airway pressure devices hindered the growth of the market during the period. Potable positive airway pressure devices are a growing trend in the positive airway pressure devices market. Positive airway pressure devices device manufacturing companies are increasingly investing in portable and easy-to-use continuous positive airway pressure devices to provide effective and fast breathing support. For instance, in April 2019, InnAccel Technologies Pvt Ltd., an India-based medical devices company launched the first infrastructure-independent, portable neonatal CPAP device, called SAANS, to treat critically ill infants with Respiratory Distress Syndrome (RDS). The device has multiple power options, including a patented manual mode. In March 2019, Resmed, a USA-based medical equipment company, announced the acquisition of HB Healthcare (HBH), for an undisclosed amount. With this deal, Resmed plans to reach out to Korean people with the help of HB Healthcare and its network of trusted distributor partners to deliver CPAP and respiratory care to millions of South Koreans living with sleep apnea, chronic obstructive pulmonary disease (COPD), and other respiratory conditions. HB Healthcare is a South Korea-based medical equipment company providing sleep and respiratory disease solutions and home care services for local patients. Major players in the positive airway pressure devices market are ResMed Inc, Koninklijke Philips N.V, 3B Medical Inc, Fisher & Paykel Healthcare Limited, Drive DeVilbiss Healthcare LLC, Somnetics International Inc, Heyer Medical, Genstar Technologies, BMC Medical, and Apex Medical. The regions covered in the global positive airway pressure devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries covered in the positive airway pressure devices market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The global positive airway pressure devices market is segmented - 1) Product Type: Continuous Positive Airway Pressure (CPAP), Auto-Titrating Positive Airway Pressure (APAP), BiLevel Positive Airway Pressure (BiPAP) 2) By Application: Sleep Apnea, COPD, Others 3) By End-User: Hospitals and Sleep Labs, Home Care Settings, Others

The wearable blood pressure monitors market consists of the sale of wearable blood pressure monitors and related services. The market comprises revenue generated by business enterprises that manufacture, develop and sell wearable blood pressure monitors. Wearable blood pressure monitors are devices that continuously monitor blood pressure even during activities like exercises, sleep, etc. using technology that is connected to the person's body. The data is stored and analyzed through an app. The main products in wearable blood pressure monitors are wrist blood pressure monitor, upper arm blood pressure monitor, and finger blood pressure monitor. The wrist blood pressure monitor refers to the devices that can be used at home by individuals to measure blood pressure. The various technologies involved in blood pressure monitors are Wi-Fi-based, Bluetooth based. These are used in hospitals, clinics, home care settings, and others. The global wearable blood pressure monitors market size is expected to grow from $1.2 billion in 2021 to $1.46 billion in 2022 at a compound annual growth rate (CAGR) of 21.8%. The global wearable blood pressure monitor market size is expected to grow to $3.11 billion in 2026 at a CAGR of 20.7%. Increased demand for patient monitoring devices is expected to drive the wearable blood pressure monitors market. The increasing prevalence of chronic diseases coupled with the rise in surgeries that need continuous monitoring has mainly increased the demand for patient monitoring devices. Additionally, due to the growing awareness of a healthy lifestyle and fitness, individuals are interested in continuous monitoring of their health as it acts as a preventive measure while improving their health condition. The National Wearable Survey report by Valencell, a wearable technology company, states that two-thirds of customers owned a wearable device as they believe that it causes a positive impact on their health. Nearly 55% of the respondents are interested in monitoring their blood pressure with the help of wearable technologies. Therefore, increased demand for monitoring devices is expected to drive the wearable blood pressure market. With the increasing use of wearable technologies for healthcare services, the need for evaluating the accuracy and precision of these health trackers has increased in recent years. Studies showed that wearable technologies lack accuracy and precision which is likely to impact the market growth. There are growing concerns regarding the accuracy of wearables. Accuracy is very much important for some health conditions. Hypertension patients use wearable blood pressure monitors as their medications and treatment plans are based on blood pressure readings. Any wrong reading could be lethal. A study published by the journal Nature in February 2020, investigating sources of inaccuracy in wearable optical heart rate sensors, showed differences in heart rate on lighter skin and darker skin. Differences in readings among different wearable devices, and during rest and active conditions were also noted. Therefore, a lack of precision is expected to hinder the growth of the wearable blood pressure monitors market. Most of the wearable blood pressure monitoring technologies are under either experimental or research and development stage. Companies and researchers are studying different wearable technologies that monitor blood pressure. For instance, video from a smartphone is used to detect blood pressure by the variation in facial blood vessels. Valencell, a health-tech company, is working on an earbud sensor for detecting blood pressure using photoplethysmography. Also, the Akttia bracelet, a cuff-less technology that uses an optical sensor for monitoring blood pressure is under validation. Therefore, more R&D in this field is expected to provide growth opportunities for the wearable blood pressure market. Major players in the wearable blood pressure monitors market are Blipcare, GE Healthcare, ForaCare Suisse, Omron, Xiaomi, Philips, Medieval, Qardio, Smiths Group, and Tarilian Laser Technologies North America was the largest region in the wearable blood pressure monitors market in 2021. Asia Pacific was the second largest market in the wearable blood pressure monitors market. The regions covered in the global wearable blood pressure monitors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the wearable blood pressure monitors market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and USA. The global wearable blood pressure monitors market is segmented - 1) By Product: Wrist Blood Pressure Monitor, Upper Arm Blood Pressure Monitor, Finger Blood Pressure Monitor 2) By Technology: Wi-Fi Based, Bluetooth Based 3) By Application: Hospital, Clinic, Home Care Settings, Others

The negative pressure wound therapy (NPWT) market consists of sales of vacuum-assisted wound closure by entities (organizations, sole traders, and partnerships) that are used to draw out fluid and infection from a wound to help it heal. The negative pressure wound therapy uses a special dressing, tubing, a negative pressure device, and canister to continuously apply subatmospheric pressure to the surface of a wound to assist healing for treating many acute and chronic wounds. The global negative pressure wound therapy market size is expected to grow from $2.13 billion in 2021 to $2.26 billion in 2022 at a compound annual growth rate (CAGR) of 5.88%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global negative pressure wound therapy market size is expected to reach $2.68 billion in 2026 at a CAGR of 5.87%. The growing prevalence of diabetes is expected to propel the growth of the negative pressure wound therapy market. Diabetic foot ulceration (DFU) is the most common application area of negative pressure wound therapy. A diabetic person's wounds are difficult to heal because people with uncontrolled diabetes may develop poor circulation which results in less oxygen circulation to the wound and the tissues do not heal as quickly. Thus, negative pressure wound therapy offers better graft take up than the conventional dressing for diabetic patients. According to the International Diabetes Federation (IDF), in 2020, nearly 463 million people had diabetes in the world. The number of diabetic people in Southeast Asia region is expected to increase from 88 million in 2020 to nearly 153 million by 2045. Therefore, the growing prevalence of diabetes drives the negative pressure wound therapy market. The growing technological advancements is a key trend gaining popularity in the negative pressure wound therapy market. Major companies operating in the negative pressure wound therapy market are focusing on developing technological solutions for negative pressure wound therapy. For example, in March 2020, Smith & Nephew, a UK-based medical equipment manufacturing company announced the launch of new PICO 14 Single Use Negative Pressure Wound Therapy System (sNPWT) which is helpful for high-risk surgical patients. This system has a pump duration of up to 14 days. These are helpful in reducing the risks of wound complications. In March 2021, Direct Healthcare Group, a UK based company offering pressure care solutions announced acquisition of Talley Group Ltd, for an undisclosed amount. This acquisition will help Direct Healthcare Group to strengthen its pressure ulcer prevention portfolio and also provide entry into the negative pressure wound therapy (NPWT) and intermittent pneumatic compression (IPC) therapy markets. Talley Group Ltd is a UK based based company offering products in electric bed frames, negative pressure wound therapy, IPC, and infection control. Major players in the negative pressure wound therapy market are Devon International Group, ConvaTec Group plc, DeRoyal Industries Inc., Smith & Nephew plc, Acelity L.P. Inc, Mölnlycke Health Care AB, ATMOS MedizinTechnik GmbH & Co. KG, Cardinal Health Inc., Talley Group Limited, Medela AG, Lohmann & Rauscher GmbH & Co. KG, TRIAGE MEDITECH PVT. LTD., Carilex Medical GmbH, Shandong Weigao Xinsheng Medical Devices Co. Lt, Genadyne Biotechnologies Inc., B. Braun Melsungen AG, Cork Medical LLC, BSN medical GmbH, Investor AB, Olle Larsson Holding AG, PAUL HARTMANN Asia-Pacific Ltd. and KCI Licensing Inc. North America was the largest region in the negative pressure wound therapy market in 2021. Asia Pacific is the fastest growing region in the global negative pressure wound therapy market. The regions covered in the global NPWT market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the negative pressure wound therapy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global negative pressure wound therapy market is segmented - 1) By Product: Conventional NPWT Devices, Single-Use NPWT Devices 2) By Wound Type: Surgical and Traumatic Wounds, Ulcers, Burns 3) By End-User: Hospitals, Homecare, Others

The totalizing fluid meter and counting device market consists of sales of totalizing fluid meters and counting device and related services such as, measuring linear, nonlinear, mass or volumetric flow rate of a liquid or a gas. Totalizing flow meter and counting devices are the instruments used to measure the volume or mass of a gas or liquid. Some examples of the totaling fluid meters and counting devices are gas consumption meters, water consumption meters, parking meters, taxi meters, and gauges for motor vehicles and equipment for collecting fare. The main types of totalizing fluid meters and counting devices are differential pressure flow meters, positive displacement flow meters, velocity flow meters, mass flow meters and open channel meters. The volume flow in gases, liquids, and steam are measured using a differential pressure flow meter. They're especially useful in situations involving high pressure, high temperature, or large diameter. The devices are used by various end-users such as water and wastewater, refining and petrochemicals, oil and gas, chemicals, power generation, pulp and paper and metals and mining. The global totalizing fluid meter and counting device market size is expected to grow from $24.56 billion in 2021 to $25.15 billion in 2022 at a compound annual growth rate (CAGR) of 2.4%.The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The totalizing fluid meter and counting device market is expected to decline to $24.97 billion in 2026 at a CAGR of -0.2%. The increasing demand from automotive manufacturing companies contributed to the market growth of flow meter and counting devices manufacturers. Emerging market growth for automotive manufacturing companies was aided by growing popularity of public transportation and rapid growth in number of vehicles. According to a study in 2019, the total global vehicle population stood at 1.432 billion cars and trucks and is projected to reach 2.8 billion vehicles by 2036. Therefore, the increasing demand from automotive manufacturers is expected to drive the market for flow meters and counting devices such as parking meters, taxi meters, and gauges for motor vehicles and equipment for collecting fare. Rising geopolitical tensions and trade protectionism are expected to have a negative impact on the totalizing fluid meter and counting device market during the forecast period. Repercussions of geopolitical tensions included sanctions on Russia, trade protectionism and heightened military tensions in the Middle East. Many countries placed trade restrictions, especially on imports, to boost local production. For instance, Brexit is likely to lead to more trade restrictions between the UK and other countries in Europe. The US is also implementing several trade restrictions, especially with China, to boost its local production. For instance, the US imposed 25% tariff on steel and 10% tariff on aluminum leading to cost inflation for totalizing fluid meter and counting device. Continued violence and terrorism in the Middle East and other parts globally are also expected to have a negative impact on the market. Major companies in the totalizing fluid meter and counting device industry are using smart technology to enhance decisions making abilities and thus drive profits. The companies in this industry use technology in order to optimize the payment methods, subscription management, optimizes enforcement and allows the end-user companies to analyze the usage. Counting devices such as parking meters have been revolutionized with the advent of smart technologies. Companies such as IPS Group, a US based company, announced its latest app called Park Smarter. The app allows drivers to connect directly to a physical parking meter with their smartphone and pay through cashless transactions. Other companies such as ParkiFi are also investing in making parking meters "smarter" through the use of big data and sensors. In December 2019, Honeywell, a publicly-traded conglomerate that produces commercial and consumer products, engineering services and aerospace systems has acquired Rebellion Photonics for an undisclosed amount. Rebellion Photonics will join Honeywell's Safety and Productivity Solutions business, which offers gas detection technologies, safety equipment, mobility solutions and software. This acquisition complements Honeywell's portfolio of process technology, automation and gas detection systems and speeds up our transformation into software industrial company. Rebellion Photonics, a US based company is involved in manufacturing monitoring solutions for oil, gas, petrochemical and power industries. Major players in the totalizing fluid meter and counting device market are Honeywell International Inc, Emerson Electric Co., General Electric, Siemens, Emerson Electric Co, ABB Group, Badger Meter Inc., Yokogawa Electric and Badger Meter. Asia Pacific was the largest region in the totalizing fluid meter and counting device market in 2021. North America was the second-largest region in the totalizing fluid meter and counting device market. The regions covered in the totalizing fluid meter and counting device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the totalizing fluid meter and counting device market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global totalizing fluid meter and counting device market is segmented - 1) By Type: Differential Pressure Flow Meters, Positive Displacement Flow Meters, Velocity Flow Meters, Mass Flow Meters, Open Channel Meters 2) By End-Use Industry: Water and Waste Water, Refining and Petrochemicals, Oil and Gas, Chemicals, Power Generation, Pulp and Paper, Metals and Mining

The flowmeter market consists of sales of flowmeters by entities (organizations, sole traders, and partnerships) that refer to a tool utilized to measure the linear, nonlinear, mass, or volumetric flow rate of a liquid or a gas. Flowmeter is also called a flow sensor. Open channels, such as rivers or streams, can be measured with flowmeters. Improving the accuracy, precision, and resolution of fluid measurement are some of the benefits of flowmeters. The main types of flowmeters include differential pressure flow meter, positive displacement flow meter, ultrasonic flow meter, turbine flow meter, magnetic flow meter, coriolis flow meter, and vortex flow meter. The differential pressure flowmeter consists of sales of differential pressure flow meters by entities (organizations, sole traders, and partnerships) that refer to the principle of partly cutting off the flow in a pipe. Differential-pressure meters are highly popular and it is estimated that at least 40% of industrial flowmeters in usage currently are differential-pressure devices. The positive displacement flowmeter consists of sales of positive displacement flow meters by entities (organizations, sole traders, and partnerships) that refer to positive displacement flow meters, which are the only flow measuring technology to exactly measure the volume of fluid proceeded by the flowmeter. They are accessible in industrial grade, brass, or all-plastic construction.The main applications of flowmeters are in residential uses, industrial uses and commercial uses. The flowmeters are used in multiple industries including water and wastewater management, oil and gas, chemicals, power generation, pulp and paper, and the food and beverage industries. The global flowmeter market size is expected to grow from $6.78 billion in 2021 to $7.36 billion in 2022 at a compound annual growth rate (CAGR) of 8.68%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The flowmeter market is expected to reach $10.74 billion in 2026 at a CAGR of 9.88%. An increase in pharmaceutical production is expected to propel the growth of the flowmeter market. A flowmeter is a device that measures a liquid or gas's linear, nonlinear, mass, or volumetric flow rate. For the manufacturing of pharmaceuticals, flowmeters are used to control extremely sensitive conditions such as pressure and temperature. According to IBEF, the Indian pharmaceutical market grew 17.7% annually in August 2021, which is an increase from 13.7% in July 2020. Furthermore, according to India Ratings & Research, the Indian pharmaceutical market revenue is expected to be over 12% Y-o-Y in FY22. Also, in the USA, according to Pharmaceutical Commerce, it is projected that by the year 2023, Americans would spend between $635 and $655 billion on medicine. This represents a 29.6 – 33.7% increase in expenditure as compared to 2019. Therefore, the rise in pharmaceutical production is driving the growth of the flowmeter market. Technological advancements are a key trend gaining popularity in the flowmeter market. Technological advancement is a discovery of knowledge that advances technology that may help the usage or production of a device, making it more efficient. For instance, in 2020, ABB, a Switzerland-based industrial equipment company has launched the Sensyflow FMT700-P Compact thermal mass flowmeter. It is useful for the automotive industry to optimize the use of hydrogen to power electric drive trains. This flowmeter is ideal for fine-tuning the efficiency of cells that combine hydrogen and air to produce electrical power while emitting only water. It is accurate to 0.8 percent of reading over extensible and adjustable measuring ranges. The P-Compact is used to evaluate the performance of conventional turbochargers and related components, such as intake fans, throttle valves, and air filters, as well as hydrogen fuel cells. In 2019, TASI Group, a USA-based industrial products company announced the acquisition of Sierra Instruments, an instrumentation company manufacturing flowmeters, for an undisclosed amount. Through this acquisition, Sierra’s flow product portfolio compliments TASI Flow businesses, offering new technologies including Transit-time ultrasonic and vortex shedding. Also, the acquisition is expected to help the growth of TASI Group and TASI Flow. Sierra Instruments is based out of California, USA, and was founded in 1973. Major players in the flowmeter market are ABB Ltd, Emerson Electric Co., Em-Tec GmbH, Endress+Hauser Management AG, General Electric Company, Hitachi Ltd., Honeywell International Inc., Höntzsch GmbH, KROHNE Messtechnik GmbH, Siemens AG, Yokogawa Electric Corporation, VSE Volumentechnik GmbH, Keyence Corporation, Schneider Electric SE, and Saison Information Systems Co. Ltd. Asia Pacific was the largest region in the flowmeter market in 2021. Europe is expected to be the second largest region in the forecast period. The regions covered in the flowmeter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the flowmeter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global flowmeter market is segmented - 1) By Type: Differential Pressure Flow Meter, Positive Displacement Flow Meter, Ultrasonic Flow Meter, Turbine Flow Meter, Magnetic Flow Meter, Coriolis Flow Meter, Vortex Flow Meter, Others 2) By Application: Residential, Industrial, Commercial 3) By End-User: Water and Wastewater, Oil and Gas, Chemicals, Power Generation, Pulp and Paper, Food and Beverage, Others

The industrial process variable instruments market consists of sales of industrial process variable instruments and related services used to measure, control, and record industrial variables such as temperature, flow, pressure, vacuum, combustion, level, viscosity, density, acidity, concentration, and rotation. The process variable instruments are used for measuring, displaying, indicating, recording, transmitting, and controlling industrial process variables. The industrial process variable can work mechanically, pneumatically, electronically, or electrically and comprises instruments such as boiler controls, buoyancy instruments, chromatography, and combustion control instruments. The main types in the industrial process variable instruments market are temperature, pressure, level, flow, others. The temperature segment in industrial process variable instruments refers to the process in industries, temperature will be recorded and processed in industries. These are used in chemicals, oil and gas, electronic and electrical, and others. The global industrial process variable instruments market size is expected to grow from $48.69 billion in 2021 to $49.84 billion in 2022 at a compound annual growth rate (CAGR) of2.4%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The industrial process variable market is expected to decline to $49.39 billion in 2026 at a CAGR of -0.2%. The increasing demand for chemicals and oil and gas drives the growth of the industrial process variable instruments market. The industrial process variable instruments are used in oil and gas facilities for monitoring and controlling the operating conditions. The operating conditions are monitored to meet safety, environmental regulations, and to ensure stability in plant operations. The increased demand for oil and gas will require more production facilities to be set up, thus, increasing the demand for industrial process variable instruments. As reported by the International Energy Agency (IEA), the per day production of oil is projected to be above 15 million barrels per day by 2040. Also, India Brand Equity Foundation (IBEF) predicts that the consumption of natural gas is stipulated to reach for natural gas 143.08 million tonnes by 2040. Thus, the growing demand for oil and gas holds a positive impact on the industrial process variable instruments market. The complexity regarding the use of process variable instruments in the food industry restricts the growth of the industrial process variable instruments market. The process control instruments used in the food industry may contact the food product while monitoring temperature, pressure, level, and flow are required to be following the hygienic requirements designed to provide cleanable and healthy contact surfaces. Further, different food items produced require different temperatures, pressures, and sanitary requirements thus this leaves very little space for the manufacturers of industrial process variable instruments to add any extra advanced features to the instrument while ensuring that it meets sanitary as well operational requirements. Thus, the complexities of using the process variable instruments in the food industry restrain the growth of the industrial process variable instruments market. The companies in the industrial process variable instruments market are investing in integrating the Internet of things technology (IoT) to process variable instruments. The industrial process variable instruments such as pressure, temperature, flow level monitoring, and controlling devices are being integrated with IoT to increase their efficiencies and usage. For instance, Ambetronics Engineers Pvt. Ltd, an India-based provider of gas detection sensors, process control instrumentation systems, launched its RS485 to MQTT IoT smart module to remotely monitor industrial sensors, from the pressure to temperature, tank levels, flow, gas levels, etc. The module allows the real-time connectivity of data to the Ambetronics cloud and offline storage for recording the sensor data when the internet connectivity is unavailable. In July 2019, Stratford-Cambridge Group, a Michigan-based private equity firm specialized exclusively in the manufacturing sector with a particular focus on engineered products acquired Applied Instruments, Inc. company for an undisclosed amount. Through this acquisition, Stratford-Cambridge Group mainly focuses on smaller, industrial companies in the Midwest, and sees organic growth opportunities with Applied Instruments Inc. that would expand its client base to other parts of the USA, Canada, and Mexico. Applied Instruments, Inc. manufacturer of RF test and measurement equipment focused primarily on the satellite, CATV, and off-air broadcast sectors of the telecommunications industry. Major players in the industrial process variable instruments market are ABB Ltd., Emerson Electric Company, Honeywell International Inc., Schneider Electric SE, Siemens AG, Ametek Inc., Applied Instrument Technologies Inc., Applitek NV, Arizona Instrument LLC, and Aventics GmbH. Asia Pacific is the largest region in the industrial process variable market in 2021. North America is the second-largest region in the industrial process variable market. The regions covered in the industrial process variable instruments market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the industrial process variable instruments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The global industrial process variable instruments market is segmented - 1) By Type: Temperature, Pressure, Level, Flow, Others 2) By Application: Chemicals, Oil and Gas, Electronic and Electrical, Others

The IoT sensors market consists of sales of IoT sensors and related services that are used in healthcare, automotive, transportation, manufacturing and other industrial sectors. The internet of things, or IoT, is a collection of interconnected smart devices, mechanical and digital machines, objects, animals or people supplied with unique identifiers (UIDs) and the ability to transmit data across a network without needing human-to-human or human-to-computer interaction. The main type of IoT sensors are temperature sensors, pressure sensors, humidity sensors, flow sensors, accelerometers, magnetometers, gyroscopes, inertial sensors, image sensors and others. Temperature sensors help in monitoring the temperature of a ship to log it automatically. The IoT sensors are applied across various areas such as building automation, industrial application, automotive application, healthcare application, retailing & logistics application, security application, agriculture application, other applications and used in healthcare, automotive and transportation, manufacturing/ industrial, others. The global IoT sensors market size is expected grow from $5.79 billion in 2021 to $6.20 billion in 2022 at a compound annual growth rate (CAGR) of 7.1%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The IoT sensor market is expected to reach $8.11 billion in 2026 at a CAGR of 6.9%. The application of IoT in automotive and transport sectors is a key factor driving the growth of the IoT sensors market. The introduction of IoT in the automotive industry has opened up new opportunities for carmakers and consumers worldwide. With industrial and commercial use, IoT has become a popular hotspot for varied multifunctional applications in the automotive sector. IoT offers enhanced communication, control, and data delivery at any transportation point. For instance, the companies like Mercedes-Benz, Volkswagen, Volvo, Toyota and Google Inc. are increasingly investing in developing smart cars with rich features that offer healthier, more convenient and more enjoyable driving experiences. The driverless vehicles are likely to dominate the industry by 2030 according to NASDAQ estimates. Therefore, the application of IoT in automotive and transport industries is expected to drive the growth of the IoT sensors market. The data security concerns are a key factor hampering the growth of the IoT sensors market. The rate of data intrusions is also increasingly growing with the rising technology. IoT systems are being newly built, and safety requirements are lacking, this serves as a major obstacle to the growth of the market for IoT sensors, since enterprise data protection is of great importance when designing analytical solutions for many vertical applications. For instance, a group of researchers from Ruhr University Bochum in Germany identified a security problem in the common messaging apps WhatsApp which could allow hackers to spy on private group chats. According to Forbes, in 2021, 97% of the firms are impacted by a cybersecurity breach in their supply chain and 93% of them suffered a direct cybersecurity breach. Therefore, the data security concerns are expected to limit the growth of the IoT sensors market. The artificial intelligence is a key trend in the IoT sensors market. Artificial intelligence is the basic ingredient required to process the huge amount of data gathered these days, and to maximize its value for the company. AI will assist IoT data analysis in the following areas, such as data accuracy in time series, predictive and advanced analytics, data preparation, geospatial and location real-time (logistic data). In 2020, based on their AI capabilities, the major cloud vendors, including Amazon, Microsoft and Google, are increasingly looking to succeed. Various companies hope to expand their market share with AI algorithms capable of exploiting machine learning and deep learning, allowing businesses to derive more value from their ever-increasing data volumes. In August 2019, Vodacom, a South Africa based company, cellular and accessory provider for individual and business customers looking for quick and fast service acquired IoT.nxt for an undisclosed amount. This deal will significantly accelerate Vodacom’s Internet of Things (IoT) strategy and transform its dedicated IoT business unit. IoT.nxt, also a South Africa based company, focuses on delivering innovative software and hardware solutions for the Internet of Things (IoT). Major players in the IoT sensors market are Texas Instruments, TE Connectivity, NXP Semiconductors, STMicroelectronics, TDK Corporation, Infineon Technologies, Omron, Honeywell, Sensata Technologies, and Broadcom. Asia Pacific was the largest region in the IoT sensors market in 2021. North America was the second-largest region in the IoT sensors market. The regions covered in the IoT sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the IoT sensors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global IoT sensors market is segmented - 1) By Product Type: Temperature Sensors, Pressure Sensors, Humidity Sensors, Flow Sensors, Accelerometers, Magnetometers, Gyroscopes, Inertial Sensors, Image Sensors, Others 2) By Application: Building Automation, Industrial Application, Automotive Application, Healthcare Application, Retailing and Logistics Application, Security Application, Agriculture Application, Others 3) By End-User Industry: Healthcare, Automotive and Transportation, Manufacturing / Industrial, Others

The metal valves market consists of sales of metal valves by entities (organizations, sole traders or partnerships) that produce industrial valves, fluid power valves and hose fittings, plumbing fixture fittings and trim, and/or other metal valves and pipe fittings. The metal valves market is segmented into industrial valves; fluid power valve and hose fitting; plumbing fixture fitting and trim; and other metal valve and pipe fitting.

The global metal valves market is expected to grow from $229.08 billion in 2020 to $261.57 billion in 2021 at a compound annual growth rate (CAGR) of 14.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $343.33 billion in 2025 at a CAGR of 7%.

Asia Pacific was the largest region in the global metal valves market, accounting for 38% of the market in 2020. Western Europe was the second largest region accounting for 27% of the global metal valves market. South America was the smallest region in the global metal valves market.

Rapid advances in wireless technology and miniaturization (which refers to designing smaller components for equipment) is expected to drive innovation in metal valve manufacturing, thus driving the market during the forecast period. Furthermore, technologies such as 3D printing, artificial intelligence and big data analytics are being used during the manufacturing process, resulting in higher productivity, lower operating costs and higher margins. For instance, according to a global survey by The Economist Intelligence Unit in 2018, about 90% of corporate executives felt that artificial intelligence (AI) will have a positive impact on company’s growth and 86% of respondents considered that AI will help improve productivity. Lower operating costs lead to higher margins, this allows companies to expand production and increase product portfolio, thus driving the growth of the metal valve manufacturing market.

The metal valve manufacturing industry is being restrained by the rise in power tariffs. Globally, there are movements to increase the use of alternative sources of electric power such as solar, wind, and nuclear power. Initiatives by non-governmental organizations (NGOs), multilateral organizations and many governments to increase the production and use of alternative sources of power and other economic factors cause a rise in overall power tariffs affecting different industries. Rise in the power tariffs increases the production costs, affecting the metal valve manufacturing market.

Many metal valve manufacturing companies are using robotics and automation to improve plant efficiency and productivity. Sensors are being used in various machines to access invaluable data for improving efficiencies and reduce potential breakdowns. For instance, according to a report by Boston Consulting Group (BCG), 1.2 million industrial robots are expected to be deployed by 2025, thus indicating rise in automation and robotics technology adoption to improve productivity and reduce production costs. According to KPMG report, 16% executives of global metals companies have already invested in robotics for metal manufacturing, 31% executives have set plans to possibly invest in robotics for new technology and opportunities, and 42% are willing to invest on robotics in the near future. Additionally, the report states, 63% of the executives of metal manufacturing companies are considering investing in automation. Examples of companies offering industrial robots to metals companies include FANUC, KUKA, ABB, and Motoman.

The countries covered in the global metal valves market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.

The regions covered in the global metal valves market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The major players covered in the global metal valves market are Crane, Mueller Water Products, The AVK Group, Emerson Electric Co, Parker Hannifin.

The global metal valves market is segmented -

1) By Type: Industrial Valves, Fluid Power Valve And Hose Fitting, Plumbing Fixture Fitting And Trim, Other Metal Valve And Pipe Fitting

2) By End User Industry: Chemicals, Marine, Construction, Mining, Oil & Gas, Others

3) By Product: Pressure Reducing Valves, Safety/Relief Valves, Control Valves, Globe Valves, Plug Valves, Gate Valves, Ball Valves, Butterfly Valves, Diaphragm Valves, Other Valves