DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/8hwtnh/north_america) has announced the addition of the "North America Wireless Sensors Market - Growth, Trends & Forecasts (2014-2020)" report to their offering.
The North America wireless sensors market is expected to increase to $1.30 billion by 2018 at a CAGR of 25.20% over the period 2014-2020. The growth of the North America Wireless Sensors Market is currently being hindered by Maturity of End-User Segment and Environmental impact on sensors. Manufacturers focus on investing in R&D activities as accuracy and reliability are major product selection criteria. Further, industry participants emphasize on product differentiation in order to avoid price competition. North America is currently the largest market for wireless sensors market. North America accounted for around 35% market share of the global wireless sensors market in 2014 and estimated to be the highest market during the forecast period.
Wireless sensors are used in factory settings for data monitoring, flow of production and other similar functions, as well as in building automation, defense and other industries like materials handling and food and beverage. The increasing quest for new energy sources, renewable energy development, government regulations, and rapid technological advancements are the key drivers which are making the wireless sensors market to grow lucratively. They are also a vital component in smart grids for remote monitoring of transformers and power lines where they are put into service to monitor line temperature and weather conditions.
The North America Wireless Sensors Market is segmented on the basis of
- Type (Temperature, Pressure, Surveillance, Leak, Flow, Humidity, Chemical, Position, and Others)
- Industry (Energy, Manufacturing, Healthcare, Defense, Transportation, Banking, Retail, and Others)
This report describes a detailed study of the Porter's five forces analysis of the market. All the five major factors in these markets
Key Topics Covered
2. Key Findings
3. Market Overview & Dynamics
5. Porter's Five Forces Analysis
6. Market Segmentation
7. Company Profiles
8. Investment Analysis
9. Future of Wireless Sensors Market
- Texas Instruments
- Endress + Hauser
CMT Consulting Measurement Technology
For more information visit http://www.researchandmarkets.com/research/8hwtnh/north_america