North America Air Flow Sensor Market
Published On: Mar 2024
Published On: Mar 2024
At 3.9% CAGR, the North America Air Flow Sensor Market is Projected to be Worth US$ 690.79 million by 2030, Says Business Market Insights
According to Business Market Insights research, the North America air flow sensor market was valued at US$ 509.02 million in 2022 and is expected to reach US$ 690.79 million by 2030, registering a CAGR of 3.9% from 2022 to 2030. Increasing initiatives & product development using new technologies and growing popularity of digital airflow sensors are among the critical factors attributed to the North America air flow sensor market expansion.
Airflow sensors have applications in a wide range of systems and industries. In automotive vehicles, they are critical for maintaining optimal fuel efficiency and emission levels and help the engine control unit adjust fuel injection to ensure efficient combustion. These sensors are also used in heating, ventilation, and air conditioning (HVAC) systems to monitor and regulate air intake. Also, these sensors are used in other industries such as food & beverages, oil & gas, electricity production, and power & utility. Several companies are taking various initiatives to expand their product portfolio, such as partnerships, collaborations, and product developments. In February 2022, Degree Controls Inc. introduced the Rooster airflow Sensor200. It represents a new generation of airflow monitoring and alarm for chemical fume hoods, biosafety cabinets, and a wide range of critical containment applications where airflow is monitored, alarmed, and communicated to building management systems (BMS). Similarly, in April 2021, Posifa Technologies unveiled the latest version of its mass air flow sensors used in respiratory care and other healthcare and instrumentation purposes. The PMF83000 and PMF86000 series sensors are intended for use in tough settings with excessive humidity and low levels of corrosive gases. Thus, due to such increasing initiatives and product development using new technologies, the North America airflow sensor market is anticipated to flourish significantly in the upcoming years.
On the contrary, limited availability of raw materials hampers the growth North America air flow sensor market.
Based on type, the North America air flow sensor market is bifurcated into volume air flow sensors and mass air flow sensors. The mass air flow sensors segment held 76.1% share of the North America air flow sensor market in 2022, amassing US$ 387.30 million. It is projected to garner US$ 537.42 million by 2030 to expand at 4.2% CAGR during 2022-2030.
Based output signal, the North America air flow sensor market is bifurcated into analog and digital. The digital segment held 80.9% share of the North America air flow sensor market in 2022, amassing US$ 411.98 million. It is projected to garner US$ 569.54 million by 2030 to expand at 4.1% CAGR during 2022-2030.
Based on application, the North America air flow sensor market is segmented into automotive, aerospace, manufacturing, power & utility, others. The automotive segment held 41.1% share of North America air flow sensor market in 2022, amassing US$ 208.99 million. It is projected to garner US$ 288.74 million by 2030 to expand at 4.1% CAGR during 2022-2030.
Based on country, the North America air flow sensor market is categorized into the US, Canada, and Mexico. The US held 76.7% share of North America air flow sensor market in 2022, amassing US$ 390.53 million. It is projected to garner US$ 538.26 million by 2030 to expand at 4.1% CAGR during 2022-2030.
Key players operating in the North America air flow sensor market are Analog Devices Inc, Cardone Industries Inc, Degree Controls Inc, Denso Corp, Honeywell International Inc, Posifa Technologies Inc, Robert Bosch GmbH, Sensirion AG, Siemens AG, and TE Connectivity Ltd, among others.
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