Flow Sensors Market Size To Reach $13.68 Billion By 2030

Flow Sensors Market Growth & Trends

The global flow sensors market size is expected to reach USD 13.68 billion by 2030, registering at a CAGR of 6.5%, according to a new study by Grand View Research, Inc. Increasing quest for new energy sources along with renewable energy development is expected to drive the market over the forecast period. Regulations governing the industry have been favorable in stimulating market growth for different types of sensor. For example, standards laid by the EPA for power plants have increased the demand for gas flow sensor which are effective in monitoring gas leakage. Various initiatives are taken into consideration for energy conservation and efficiency over the years worldwide. For instance, Omron Corporation offers high performance MEMS flow sensor to optimize air conditioning energy efficiency.

Further, the industry has witnessed high demand from numerous end-use industries. For example, in the automotive sector, active and passive safety sensor have witness tremendous growth due to the growing need for accident mitigation systems. Emission of hazardous gases has led to the framing of legislations for emission control and resulted in the need for monitoring the concentration of exhaust gases.

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Flow Sensors Market Report Highlights

• Gas flow sensors accounted for the largest market revenue share of 53.9% in 2023. There has been a significant increase in the need for fossil fuel-derived energy sources to power vehicles due to extensive growth in the automotive sector.

• The process industries segment is poised for significant growth over the next few years, and accounted for over 30.4% of the overall market in 2023. Growing number projects and the establishment of new process plants along with reinvestments in plant modernization, renovation and capacity expansion are expected to fuel the market demand.

• North America emerged as the dominant regional market in 2023 accounting for more than 34.5% of the overall market in the same year. Surging demand owing to rebound in automotive and machinery production along with regulatory mandates are expected to spur the regional market growth over the next few years.

Flow Sensors Market Segmentation

Grand View Research has segmented the global flow sensors market based on type, technology, application, and region:

Flow Sensors Type Outlook (Revenue, USD Million, 2018 - 2030)

• Liquid

• Gas

Flow Sensors Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Coriolis

• Differential Flow

• Ultrasonic

• Vortex

• Other Technologies

Flow Sensors Application Outlook (Revenue, USD Million, 2018 - 2030)

• Automotive

• Consumer Electronics

• Environmental

• Healthcare/Medical

• Process Industries

• Other Applications

Flow Sensors Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • Saudi Arabia

  • UAE

  • South Africa

List of Key Players in Flow Sensors Market

• Rechner Sensors

• Proxitron GmbH

• Siemens AG

• Sika AG

• First SensorAG

• EmersonElectric Co.

• SICK AG

• OMEGA Engineering

• Christian Bürkert GmbH & Co. KG

• TSI