Global Wireless Sensors Market Report 2017 - Asia Pacific Expected to See Growth at a Fast Pace

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The global wireless sensors market is projected to grow at a CAGR of 15.12% during the forecast period of 2017-2022. Owing to the emerging markets in China, India and Japan, Asia Pacific will see growth at a fast pace in the coming years. Industry participants in this region are focusing on product differentiation in order to avoid price competition. As a result of a stagnant economic growth, Europe is expected to grow only at a slow pace over this period.

Wireless sensors are used in factory settings for data monitoring of production flow. They are also used in building automation, defense and other industries like materials handling and food & beverage. Quest for new energy sources, renewable energy development, government regulations, and rapid technological advancements are the key drivers propelling market growth.

Wireless sensors 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 global 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), & Geography (North America, Europe, Asia Pacific, Latin America, & Middle East & Africa).