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Photoelectric Sensor Market Analysis

  • Report ID: GMI3353
  • Published Date: Sep 2022
  • Report Format: PDF

Photoelectric Sensor Market Analysis

The China photoelectric color sensor market is anticipated to be worth USD 150 million by 2030. Rising product demand in the material handling sector will primarily influence the business growth. The preference for sophisticated features, including product packing, color matching, and color marks detection, along with rapid automation by the industrialists will foster the usage of these color sensors.

 

The diffuse type photoelectric sensor market in North America to reach USD 124 million revenue by 2030, owing to the growing industrial automation trends globally. The product has the capacity to identify translucent objects without a dead zone. The growing employment of the product in automated factories to identify components, cartons, and other solid items will supplement the industry share.
 

The 101 mm - 1,000 mm category held nearly 35% of the France photoelectric sensor industry share in 2021. The range of sensors is gaining traction due to the features such as short range and long-range object detection in addition to compact size integration. This has encouraged businesses in the logistic and packaging vertical to use photoelectric sensors with 101 mm to 1,000 mm range. The wider integration of these sensors in packaging and handling operations is escalating the overall business returns.
 

The Europe photoelectric sensor market from laser beam source is set to cross USD 145 million by 2030. Also, the deployment of product in the manufacturing sector resulting from the focused laser beam's ability to assist in precise identification of tiny targets on the fast-moving conveyor belts will favor the industry statistics.
 

Industrial manufacturing segment in Europe region is projected to attain 8% gains through 2030. The increasing support of the government through investments and initiatives for the advancement of new robotics technologies will further propel the acceptance of photoelectric sensors in industrial manufacturing, amplifying market revenues.
 

Global Photoelectric Sensor Market Share By Region

The European region accounted for a significant revenue share in 2021 and is slated to register around 5% growth between 2022 and 2030. The product demand is being fueled by the rising need in automation and robotics in pharmaceutical, automotive, and chemical industries. The usage of robotics, automation, and advanced sensors is enabling enterprises to maintain their manufacturing with minimum hazards and negligible worker exposure to severe circumstances, further impact the business growth.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of photoelectric sensor registered a valuation of over USD 1.5 billion in 2021 and is estimated to expand at nearly 5% CAGR between 2022-2030, owing to increasing application scope of the product in food & beverages industry.

The photoelectric color sensor segment in China is anticipated to be worth USD 150 million by 2030, backed by the rising product demand in the material handling sector.

The 101 mm - 1,000 mm category captured around 35% revenue share in France photoelectric sensor industry in 2021, pertaining to the features, including short- and long-range object detection and compact size integration, which have compelled product adoption in the logistic and packaging vertical.

Rockwell Automation Inc., OMRON Corporation, KEYENCE CORPORATION, Schneider Electric, Panasonic Corporation, SICK AG, ifm electronics gmbh, Pepperl+Fuchs, Banner Engineering, and Eaton are some of the major companies operating in the business scenario.

Photoelectric Sensor Market Scope

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 21
  • Tables & Figures: 690
  • Countries covered: 17
  • Pages: 390
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