Flow Sensors Market Is To Reach $7.48 Billion By 2020: Grand View Research, Inc.
The Global Flow Sensors Market is expected to reach USD 7.48 billion by 2020, 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 flow sensors market over the forecast period. Regulations governing the industry have been favorable in stimulating market growth for different types of sensors. For example, standards laid by the EPA for power plants have increased the demand for gas flow sensors 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 sensors 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 sensors have witness tremendous growth due to the growing ...