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China Industrial Sensors Market Size (2024 - 2029)

The China Industrial Sensors Market is experiencing significant growth, driven by the country's status as a global manufacturing hub and its rapid economic development. The market's expansion is fueled by the increasing demand for miniaturized equipment and enhanced performance in challenging environments, which are essential for facility management services. The automation of industries and stringent food quality regulations further contribute to the rising need for sensors in industrial production processes. Additionally, research and development efforts in various institutions are supporting the advancement of sensor technology, reinforcing the market's potential.

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Market Size of China Industrial Sensors Industry

China Industrial Sensors Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 9.25 %
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

China Industrial Sensors Market Analysis

The China Industrial Sensor Market is expected to register a CAGR above 9.25% during the forecasted period 2022-2027. The growth in China Industrial Sensors Market is attributed to the increased emphasis on the miniaturization of equipment. Moreover, the need for robust design and enhanced performance in rugged environments further pushes the demand for facility management services across the country.

  • China being a global manufacturing hub, holds immense potential for sensors sales. China is the world's largest automotive manufacturer and a leading consumer electronics producer. The country's swiftly developing economy is facilitating the growth of the sensor industry.
  • Industry 4.0 is breaking the traditional borders of automation and control functions in the process and manufacturing industry. It enables a wider domain of functions and industries under global initiatives and architectural frameworks, like Society 5.0 in Japan and Made-in-China 2025 in China.
  • According to the Ministry of Natural Resources, from May 1, 2020, foreign firms registered in China with net assets above CNY 300 million (USD 43 million) were allowed to participate in oil and gas exploration and production. China's initiative was to increase oil and gas development and bring private capital into the upstream energy business.
  • The automation of industries and the strict food quality laws are also driving the demand for the implementation of sensors into the industrial production processes in the country. As stated at the Food & Beverage Innovation Forum (FBIF), China achieved over 20% growth in most food-related sectors in H1 2021. For instance, the Hotel, Retail, and Industrial (HRI) sector grew by 26% compared to 2020. Moreover, according to the Food Export Association of the Midwest USA and Food Export USA-Northeast, online food and grocery sales in China increased 31% in 2020 as residents dined out less and online platforms met consumer demand for contactless delivery.
  • Research and development programs on sensors are underway in various research organizations, including universities, like the Chinese Academy of Science and the Applied Institutes of Industrial Ministries.

China Industrial Sensors Industry Segmentation

Sensors are devices that detect or measure a physical property and record, indicate, or otherwise respond to it. An industrial sensor is an input device that provides an output signal with respect to a physical quantity (input). Modern plants utilize a multitude of various sensors, each with its unique design and duty.

The China Industrial Sensors Market is segmented by Product (Pressure, Temperature, Level, Flow, Magnetic Field, Acceleration & Yaw Rate, and Gas) and By End-User (Automotive, Aerospace & Military, Chemical & Petrochemical, Medical, Electronics & Semiconductor, Power Generation, Oil & Gas, Food & Beverage, and Water & Wastewater).

By Product
Pressure
Temperature
Level
Flow
Magnetic Field
Acceleration & Yaw Rate
Gas
Other Product Types
By End User
Automotive
Aerospace & Military
Chemical & Petrochemical
Medical
Electronics & Semiconductor
Power Generation
Oil & Gas
Food & Beverage
Water & Wastewater
Other End Users
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China Industrial Sensors Market Size Summary

The China Industrial Sensors Market is poised for significant growth, driven by the country's status as a global manufacturing hub and its rapid economic development. The increasing emphasis on equipment miniaturization and the need for robust design in challenging environments are key factors propelling market demand. As China continues to lead in automotive manufacturing and consumer electronics production, the sensor industry is benefiting from the advancements in Industry 4.0, which integrates automation and control functions across various sectors. Initiatives like Made-in-China 2025 and Society 5.0 are further enhancing the market landscape by promoting advanced manufacturing and smart technologies. The automation of industries, coupled with stringent food quality regulations, is also contributing to the rising adoption of sensors in industrial processes.

The market is characterized by moderate competition, with a mix of large and small firms engaging in strategic partnerships, mergers, and acquisitions to navigate current challenges. Key players such as Shanghai Zhaohui Pressure Apparatus Co., Ltd, Ericco International Limited, and Honeywell International Inc. are actively investing in innovative sensor solutions to meet the evolving demands of the industry. The introduction of new products, like First Sensor AG's MTE EFFICIENCY modular pressure transmitter platform, highlights the focus on high accuracy and cost-efficiency. Additionally, advancements in IoT sensor technology are enabling improved remote monitoring and predictive maintenance, further driving market growth. As the automotive sector recovers and expands, it is expected to become a major end user of temperature sensors, underscoring the market's potential for continued expansion.

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China Industrial Sensors Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Threat of New Entrants

      2. 1.2.2 Bargaining Power of Buyers

      3. 1.2.3 Bargaining Power of Suppliers

      4. 1.2.4 Threat of Substitutes

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Impact of the COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product

      1. 2.1.1 Pressure

      2. 2.1.2 Temperature

      3. 2.1.3 Level

      4. 2.1.4 Flow

      5. 2.1.5 Magnetic Field

      6. 2.1.6 Acceleration & Yaw Rate

      7. 2.1.7 Gas

      8. 2.1.8 Other Product Types

    2. 2.2 By End User

      1. 2.2.1 Automotive

      2. 2.2.2 Aerospace & Military

      3. 2.2.3 Chemical & Petrochemical

      4. 2.2.4 Medical

      5. 2.2.5 Electronics & Semiconductor

      6. 2.2.6 Power Generation

      7. 2.2.7 Oil & Gas

      8. 2.2.8 Food & Beverage

      9. 2.2.9 Water & Wastewater

      10. 2.2.10 Other End Users

China Industrial Sensors Market Size FAQs

The China Industrial Sensors Market is projected to register a CAGR of 9.25% during the forecast period (2024-2029)

Shanghai Zhaohui Pressure Apparstus Co.,Ltd, Ericco International Limited, Xi'an UTOP Measurement Instrument Co.,Ltd, Honeywell International Inc. and First Sensor AG are the major companies operating in the China Industrial Sensors Market.

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