Humidity Sensor Market, by Type (Absolute Humidity Sensor, Relative Humidity Sensor), by End-user (Automotive, Pharmaceutical & Healthcare, Industrial, Building Automation & Domestic Appliances, Food & Beverages, Environmental, Agriculture and Others), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026

Global Humidity Sensor Industry Insights, 2026:

Global humidity sensor market forecast will surpass $1,551.9 million by 2026, rising from $870.1 million in 2018, at a CAGR of 7.5%. On the basis of region, the North America region held the largest market value accounting for $244.5 million in 2026. Asia-Pacific region is expected to boost the global humidity sensor market accounting for $405.0 million by 2026.

Humidity sensor is a type of sensor that converts moisture present in bulk materials, gases, air, or soil into an electric output signal. This device is also called as hygrometer which updates the relative humidity in air on a regular basis. It detects air temperature as well as air moisture. These sensors consist of two metal plates with a non-conductive polymer film in-between them. This film absorbs moisture present in the air which is responsible for causing minor fluctuations in the voltage between the two plates. Humidity sensors are extensively used in woodworking equipment, textile machineries, and printing & paper equipment for measuring humidity in the air.

Driving Factors: The advancements in the humidity sensor technology is anticipated to drive the humidity sensor market

Humidity sensors offer various advantages over conventional sensors such as lesser power consumption, easy installation, and enhanced transducer performance, better design of the structure, enhanced sensing of elements, advanced principle of mechanism and fabrication technologies. 

Miniaturization of electronic devices is anticipated to create better growth opportunities for the global humidity sensor market over the forecasted period

Increasing awareness among the manufacturing industries about the humidity sensor that can help to reduce the cost associated with the maintenance is expected to create key growth opportunities for this market over the forecast period. 

The absolute humidity sensor segment led the global humidity sensors market with the highest market share valued at 60% of the total market in 2018. The absolute humidity sensor accounted for $522.1 million in 2018 and is expected to grow at a CAGR of 7.0%. However, the relative humidity sensor segment is projected to lead the global humidity sensor market during the forecasted period,accounting for $577.3 million by 2026 growing at a CAGR of 8.3%. Relative humidity sensorsegment is growing rapidly as these sensors are widely usedsince they are cost-sensitive and havehigh-volume applications, for instance office automation, automotive cabin air control, industrial process control systems, and home appliancesamong various others. 

The automotive segment held the largest market value in 2018 accounting for $160.1million and is anticipated to reach $277.8 million by 2026, growing at a CAGR of 7.1% during the forecast period. However, the industrial segment is anticipated to reach $242.1 million by 2026, growing at a CAGR 7.9% during the projected timeframe. The humidity sensors are widely used in many industries such as power & energy, oil & gas, paper, and textile, mining, among other industries, to monitor the ambient moisture. This growth is expected to drive the industrial end-user segment during the projected time frame.

North America humidity sensors market held the largest market value in 2018 accounting for $244.5 million and is projected to continue its dominance during the projected time frame which is expected to reach $419.0 million growing at a CAGR of 7.0%. Asia-Pacific region is projected to lead the market over the forecast period growing at CAGR of 7.9% and is projected to reach $405.0 million by 2026.The growth is majorly due to the strict regulations that are being laid by the regulatory agencies and governments in various countries such as India, China and South Korea.These regions are aggressively applying safety and emission control standards that mandates the setting up of humidity sensors in cars.

Humidity sensor market players include Michell GmbH,General Electric Co., Honeywell International Inc., Sensirion AG, Innovative Sensor Technology (IST) AG, B+B Thermo-Technik GmbH, Arthur Grillo GmbH, E + E Elektronik GES.M.B.H,Galltec Mess-und Regeltechnik GmbH, and TE Connectivity. Acquisitions and product development are the key strategies that are being opted by the key industry participants to continue their market position in the regional and global markets.The humidity sensorkey players are prominentlyfocusingon technologicaldevelopments, mergers and acquisitions,new product launches, and geographical expansion. These are some of the growth strategies adopted by these companies.

Porter’s Five Forces Analysis for Humidity Sensor Market:

• 1.Bargaining Power of Suppliers: The number of key manufacturers in humidity sensor market are very high, and thus the bargaining power of suppliers is very high.The bargaining power of suppliers is High.

• 2.Bargaining Power of Consumers:In this market, the number of consumers is high.The bargaining power of consumers is High.

• 3.Threat of new entrants: A huge initial investment is required for themanufacturing ofhumidity sensor devices, andthus the threat of new entrants is low. The threat of new entrants is Low.

• 4.Threat of substitutes:

• There are no substitutes present for the humidity sensor, and thus the threat of substitute is low.The threat of substitutes is Low.

• 5.Competitive rivalry in the industry:

• This market contains fewmarket participants. Many of the key players are following similar strategies for the improvement of technologies. The competitive rivalry in the industry is High.

1.Research Methodology

1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters

1.4.1.Assumptions
1.4.2.Forecast parameters

1.5.Data sources

1.5.1.Primary
1.5.2.Secondary

2.Executive Summary

2.1.360° summary
2.2.Type trends
2.3.End-user trends

3.Market overview

3.1.Market segmentation & definitions
3.2.key takeaways

3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.Porter’s five forces analysis

3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market

3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities

3.5.End-user landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Market value chain analysis
3.9.Strategic overview

4.Humidity Sensor Market, by Type

4.1.Absolute Humidity Sensor

4.1.1.Market size and forecast, by region, 2019-2026
4.1.2.Comparative market share analysis, 2018 &2026

4.2.Relative Humidity Sensor

4.2.1.Market size and forecast, by region, 2019-2026
4.2.2.Comparative market share analysis, 2018 &2026

4.3.Other

4.3.1.Market size and forecast, by region, 2019-2026
4.3.2.Comparative market share analysis, 2018 &2026

5.Humidity Sensor Market, by End-user

5.1.Automotive

5.1.1.Market size and forecast, by region, 2019-2026
5.1.2.Comparative market share analysis, 2018 &2026

5.2.Pharmaceutical & Healthcare

5.2.1.Market size and forecast, by region, 2019-2026
5.2.2.Comparative market share analysis, 2018 &2026

5.3.Industrial

5.3.1.Market size and forecast, by region, 2019-2026
5.3.2.Comparative market share analysis, 2018 &2026

5.4.Building Automation & Domestic Appliances

5.4.1.Market size and forecast, by region, 2019-2026
5.4.2.Comparative market share analysis, 2018 &2026

5.5.Food & Beverages

5.5.1.Market size and forecast, by region, 2019-2026
5.5.2.Comparative market share analysis, 2018 &2026

5.6.Environmental

5.6.1.Market size and forecast, by region, 2019-2026
5.6.2.Comparative market share analysis, 2018 &2026

5.7.Agriculture

5.7.1.Market size and forecast, by region, 2019-2026
5.7.2.Comparative market share analysis, 2018 &2026

5.8.Others

5.8.1.Market size and forecast, by region, 2019-2026
5.8.2.Comparative market share analysis, 2018 &2026

6.Humidity Sensor Market, by Region

6.1.North America
6.2.Market size and forecast, by Type, 2019-2026
6.3.Market size and forecast, by End-user, 2019-2026
6.4.Market size and forecast, by country, 2019-2026
6.5.Comparative market share analysis, 2018 &2026

6.5.1.U.S.

6.5.1.1.Market size and forecast, by Type, 2019-2026
6.5.1.2.Market size and forecast, by End-user, 2019-2026
6.5.1.3.Comparative market share analysis, 2018 &2026

6.5.2.Canada

6.5.2.1.Market size and forecast, by Type, 2019-2026
6.5.2.2.Market size and forecast, by End-user, 2019-2026
6.5.2.3.Comparative market share analysis, 2018 &2026

6.5.3.Mexico

6.5.3.1.Market size and forecast, by Type, 2019-2026
6.5.3.2.Market size and forecast, by End-user, 2019-2026
6.5.3.3.Comparative market share analysis, 2018 &2026

6.6.Europe

6.6.1.Market size and forecast, by Type, 2019-2026
6.6.2.Market size and forecast, by End-user, 2019-2026
6.6.3.Market size and forecast, by country, 2019-2026
6.6.4.Comparative market share analysis, 2018 &2026

6.6.5.UK

6.6.5.1.Market size and forecast, by Type, 2019-2026
6.6.5.2.Market size and forecast, by End-user, 2019-2026
6.6.5.3.Comparative market share analysis, 2018 &2026

6.6.6.Germany

6.6.6.1.Market size and forecast, by Type, 2019-2026
6.6.6.2.Market size and forecast, by End-user, 2019-2026
6.6.6.3.Comparative market share analysis, 2018 &2026

6.6.7.France

6.6.7.1.Market size and forecast, by Type, 2019-2026
6.6.7.2.Market size and forecast, by End-user, 2019-2026
6.6.7.3.Comparative market share analysis, 2018 &2026

6.6.8.Spain

6.6.8.1.Market size and forecast, by Type, 2019-2026
6.6.8.2.Market size and forecast, by End-user, 2019-2026
6.6.8.3.Comparative market share analysis, 2018 &2026

6.6.9.Italy

6.6.9.1.Market size and forecast, by Type, 2019-2026
6.6.9.2.Market size and forecast, by End-user, 2019-2026
6.6.9.3.Comparative market share analysis, 2018 &2026

6.6.10.Rest of Europe

6.6.10.1.Market size and forecast, by Type, 2019-2026
6.6.10.2.Market size and forecast, by End-user, 2019-2026
6.6.10.3.Comparative market share analysis, 2018 &2026

6.7.Asia-Pacific

6.7.1.Market size and forecast, by Type, 2019-2026
6.7.2.Market size and forecast, by End-user, 2019-2026
6.7.3.Market size and forecast, by country, 2019-2026
6.7.4.Comparative market share analysis, 2018 &2026
6.7.5.China

6.7.5.1.Market size and forecast, by Type, 2019-2026
6.7.5.2.Market size and forecast, by End-user, 2019-2026
6.7.5.3.Comparative market share analysis, 2018 &2026

6.7.6.Japan

6.7.6.1.Market size and forecast, by Type, 2019-2026
6.7.6.2.Market size and forecast, by End-user, 2019-2026
6.7.6.3.Comparative market share analysis, 2018 &2026

6.7.7.India

6.7.7.1.Market size and forecast, by Type, 2019-2026
6.7.7.2.Market size and forecast, by End-user, 2019-2026
6.7.7.3.Comparative market share analysis, 2018 &2026

6.7.8.Australia

6.7.8.1.Market size and forecast, by Type, 2019-2026
6.7.8.2.Market size and forecast, by End-user, 2019-2026
6.7.8.3.Comparative market share analysis, 2018 &2026

6.7.9.South Korea

6.7.9.1.Market size and forecast, by Type, 2019-2026
6.7.9.2.Market size and forecast, by End-user, 2019-2026
6.7.9.3.Comparative market share analysis, 2018 &2026

6.7.10.Rest of Asia-Pacific

6.7.10.1.Market size and forecast, by Type, 2019-2026
6.7.10.2.Market size and forecast, by End-user, 2019-2026
6.7.10.3.Comparative market share analysis, 2018 &2026

6.8.LAMEA

6.8.1.Market size and forecast, by Type, 2019-2026
6.8.2.Market size and forecast, by End-user, 2019-2026
6.8.3.Market size and forecast, by country, 2019-2026
6.8.4.Comparative market share analysis, 2018 &2026
6.8.5.Latin America

6.8.5.1.Market size and forecast, by Type, 2019-2026
6.8.5.2.Market size and forecast, by End-user, 2019-2026
6.8.5.3.Comparative market share analysis, 2018 &2026

6.8.6.Middle East

6.8.6.1.Market size and forecast, by Type, 2019-2026
6.8.6.2.Market size and forecast, by End-user, 2019-2026
6.8.6.3.Comparative market share analysis, 2018 &2026

6.8.7.Africa

6.8.7.1.Market size and forecast, by Type, 2019-2026
6.8.7.2.Market size and forecast, by End-user, 2019-2026
6.8.7.3.Comparative market share analysis, 2018 &2026

7.Company profiles

7.1.Honeywell International Inc.

7.1.1.Business overview
7.1.2.Financial performance
7.1.3.Type portfolio
7.1.4.Recent strategic moves & developments
7.1.5.SWOT analysis

7.2.General Electric Co.

7.2.1.Business overview
7.2.2.Financial performance
7.2.3.Type portfolio
7.2.4.Recent strategic moves & developments
7.2.5.SWOT analysis

7.3. Sensirion AG

7.3.1.Business overview
7.3.2.Financial performance
7.3.3.Type portfolio
7.3.4.Recent strategic moves & developments
7.3.5.SWOT analysis

7.4.B+B Thermo-Technik GmbH

7.4.1.Business overview
7.4.2.Financial performance
7.4.3.Type portfolio
7.4.4.Recent strategic moves & developments
7.4.5.SWOT analysis

7.5.Innovative Sensor Technology (IST) AG

7.5.1.Business overview
7.5.2.Financial performance
7.5.3.Type portfolio
7.5.4.Recent strategic moves & developments
7.5.5.SWOT analysis

7.6. E + E Elektronik GES.M.B.H

7.6.1.Business overview
7.6.2.Financial performance
7.6.3.Type portfolio
7.6.4.Recent strategic moves & developments
7.6.5.SWOT analysis

7.7.Michell GmbH

7.7.1.Business overview
7.7.2.Financial performance
7.7.3.Type portfolio
7.7.4.Recent strategic moves & developments
7.7.5.SWOT analysis

7.8.Galltec Mess-und Regeltechnik GmbH

7.8.1.Business overview
7.8.2.Financial performance
7.8.3.Type portfolio
7.8.4.Recent strategic moves & developments
7.8.5.SWOT analysis

7.9.Arthur Grillo GmbH

7.9.1.Business overview
7.9.2.Financial performance
7.9.3.Type portfolio
7.9.4.Recent strategic moves & developments
7.9.5.SWOT analysis

7.10.TE Connectivity

7.10.1.Business overview
7.10.2.Financial performance
7.10.3.Type portfolio
7.10.4.Recent strategic moves & developments
 

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