Stratview Research has published a new report on the Aluminium Oxide Moisture Sensor Market, segmented by Product (Membrane Type, Nano Type), By Application (Petrochemical, Natural Gas, Semiconductor, Automotive, Pharmaceutical, Aerospace, Others), and Region – COVID-19 Impact Analysis and Forecast to 2026. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global aluminium oxide moisture sensor market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026. This report provides critical insights on the market dynamics and enables strategic decision making for the existing and new market players.
Market Highlights
The Aluminium Oxide Moisture Sensor Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of 3.2% during the forecast period.
COVID-19 Impact on Aluminium Oxide Moisture Sensor Market
The COVID-19 outbreak has moderately affected the aluminium oxide moisture sensor industry. This is mainly due to soaring coronavirus cases, implementation of stringent lockdown measures, and limited movement of people to curb the spread of the virus. The pandemic has adversely affected the petrochemical, natural gas, semiconductor, automotive, and aerospace sectors which witnessed a halt in operations and limited workforce, which further impacted the growth.
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Segmentation –
This report studies the Aluminium Oxide Moisture Sensor Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
Application Trends
Based on application, the aluminium oxide moisture sensor market is categorized into petrochemical, natural gas, semiconductor, automotive, pharmaceutical, aerospace, and others. The automotive segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. This is mainly attributed to the rising adoption of these sensors to ensure that the air inside the car is optimally regulated. Also, these sensors can primarily help in preventing windscreen fogging inside the car cabin, thereby bolstering the segment growth.
Regional Trends
By region, the North American market accounted for a significant share in 2020 and is expected to grow at the highest CAGR in the following years. This is mainly ascribed to the increasing adoption of air quality monitoring systems with integrated humidity sensor solutions is particularly growing in the region. The demand for sensor solutions that can be integrated into handheld devices is also boosting the demand for innovative humidity sensor solutions, which further proliferates regional market growth.
Key Players:
Following are the key players in the Aluminium Oxide Moisture Sensor Market:
- Systech Illinois (UK)
- GE (US)
- Thermo Fisher Scientific (US)
- Alpha Moisture Systems (UK)
- Michell Instruments (UK)
- COSA Xentaur (US)
- Servomex (UK)
- TechStar (US).
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