Transparency Market Research delivers key insights on the global humidity meter market. In terms of revenue, the global humidity meter market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global humidity meter market.
The global humidity meter market is broadly affected by several factors, including usage of humidity meters in the automotive sector. Thus, expanding applications of the humidity meter in the automotive sector is propelling the global humidity meter market.
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Humidity Meter Market: Dynamics
Humidity meters are electronic meters used to monitor or measuring the moisture content of the air in order to decipher humidity. There are three types of humidity meters: absolute humidity sensor, relative humidity sensors, and others. Absolute humidity meters are widely utilized in the pharmaceutical sector for ventilators, incubators, and human respiratory systems. These types of sensors are highly accurate, chemically inactive, offers virtual indestructibility, and eliminate the need for recalibration. Relative humidity sensors are majorly used for indoor applications such as building automations and automotive air cabins.
The demand for miniature, accurate, and automated humidity meters has been increasing for the past few years, due to support from governments to boost space exploration programs. Leading manufacturers are focusing on the development of humidity meters with technologically advanced functions and features in order to respond to changing market needs. Additionally, some manufacturers are integrating technologies to ensure the highest overall system accuracy rate and compacting the size of humidity sensors. Key players in the humidity meter market are already engaged in the development and introduction of advanced humidity meters. For instance, in March 2019, Michell instruments introduced the latest humidity sensors and oxygen analyzers for laser powder-bed additive, which are employed in humidity meters for various applications such as aerospace, defense, and transportation. This is further expected to boost the adoption of humidity meters during the forecast period.
Humidity Meter Market: Prominent Regions
The humidity meter market in North America is expected to expand during the forecast period, owing to the presence of key market players, technological advancements, and expansion of the automotive sector in the region. The humidity meter market in North America is projected to expand further due to significant rise in adoption of humidity meters to improve the indoor air quality and control moisture levels of automotive air cabins.
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Humidity meters plays an important role in moisture management in various sectors, such as pharmaceuticals, food & beverages, building automation, agriculture, and industrial; hence, the market in the region is projected to reach US$ 2.2 Bn by 2030. The humidity meter market in Europe is likely to expand at a notable CAGR of 5.21% during the forecast period, owing to the presence of a significant number of players manufacturing humidity meters in the region.
Humidity Meter Market: Key Players
Key players operating in the global humidity meter market are Amphenol Corporation, Bright Medi, BSK Technologies, Checkline Europe, E+E ELEKTRONIK GES.M.B.H, Fluke Corporation, Michell Instruments, Omega Engineering Inc., PCE Deutschland GmbH, ROTRONIC AG, S. L. TECHNOLOGIES, Schaller Messtechnik GmbH, TESTO INDIA PVT. LTD., and Vaisala.
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