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Industrial Wireless Sensor Network Production, Revenue and Price Forecast 2017-2025

(IT-NEWSWIRE.COM, October 13, 2017 ) Wireless sensor networks are distributed autonomous sensors used to observe environmental or physical conditions. Sensors are an essential part of several industries and various applications of sensors has augmented economies of scale and their efficiency. This resulted in decreasing the prices and also, encouraging adoption of sensor networks for various applications. Industries worldwide are adopting sensor networks to monitor their various processes. In addition, industrial wireless sensor networks (IWSN) are cost effective and can be set up faster, benefits gained with the use of wireless sensor networks has led to replacement of wired sensors. IWSN have shown major return on investment (ROI) in industrial applications. Installation of IWSN facilitates is resulted in saving labor costs, energy and materials. Also, IWSN provides the ability to be assimilated to smartphones which helps in monitoring processes by not travelling from one remote end to other, maintenance and data collection, saves time and enhance productivity. IWSN are mostly used for hard-to-reach and hazardous zones in various industries such as chemicals and mining.

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IWSN is a part of industrial automation solution and is used for various purposes such as periodic data collection and monitoring events. Demand for automation solutions, growth trend of smart factories, increasing connectivity between industrial processes and increased use of machine-to-machine solutions are the factors driving the growth of global IWSN market. Availability of miniaturized solutions, technological improvements in wireless communication and enhancement in power efficiency are the other factors responsible for growth of IWSN market. Increasing investments in smart cities is anticipated to be a major opportunity for the industry players in the global wireless sensor networks market. Concerns about the security of data in networks is a concern in IWSN market and can hamper its growth.

The global IWSN market is segmented on the basis of sensor into temperature sensor, pressure sensor, flow sensors, image & surveillance sensor, chemical & gas sensors, level sensors, motion & position sensor, humidity sensor and others. The global IWSN market is further segmented on the basis of application as food & beverages, oil & gas, power & energy, automotive, metal & mining, pharmaceuticals, water & waste water and others. The global IWSN market is segmented by regions into North America, Europe, Asia Pacific, Middle East & Africa and South America.

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North America dominates the global IWSN market and it is expected to lead the market in the coming years. Whereas, Asia Pacific is the fastest growing region in the market for IWSN due to increasing adoption of IWSN in various industries. Yokogawa Electric Corporation, Schneider Electric S.A., VIAgents, Siemens AG, Texas Instruments, Tridium, Apprion, Inc., Digi International, Inc., SynapSense Corporation, Dust Networks, Inc., Millennial Net, Emerson Process Management, Lantronix, Inc., ABB Ltd., Freescale Semiconductor, Inc. and Honeywell International, Inc. among others are some of the chief markets players operating in the global IWSN market.

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