Market Overview

Global Industrial Inclination Sensors Market 2018-2022 | New Safety Regulations Pertaining to MEWPs to Boost Growth | Technavio

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Technavio
analysts forecast the global industrial inclination sensors market to
grow at a CAGR of over 8% during the forecast period, according
to their latest market research report.

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Technavio has published a new market research report on the global industrial inclination sensors ma ...

Technavio has published a new market research report on the global industrial inclination sensors market from 2018-2022. (Graphic: Business Wire)

The new safety regulations pertaining to inclination sensors and MEWPs
is one of the major trends being witnessed in the global
industrial inclination sensors market 2018-2022
. A MEWP is a
vehicle that lifts a person to a specified position. Bucket lifts,
scissor lifts, boom lifts, and vehicle-mounted boom buckets are
considered as MEWPs. In 2017, the SAIA released the ANSI A92.20/22/24,
which is the North American standard for MEWPs and tilt sensors.

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According to Technavio analysts, one of the key factors contributing to
the growth of the global industrial inclination sensors market is the
falling price of industrial sensors:

Global industrial inclination sensors market:
Falling price of industrial sensors

The increase in the adoption of inclination sensors in the industrial
sector is primarily driven by the need to reduce the cost. The
installation of industrial inclination sensors not only takes less time
but also costs less due to the technological advances and easy
assembling options that sensor manufacturers provide to the users.

According to a senior market research analyst at Technavio, "The cost
of sensors has been declining continuously, which indicates the
competition among the providers of hardware. The market revenue is
expected to increase as the competition prevailing among the major
manufacturers of sensors and service providers of IoT products is
increasing."

Global industrial inclination sensors market:
Segmentation analysis

The global industrial inclination sensors market research report
provides market segmentation by product (force balanced inclination
sensor, fluid-based inclination sensor, and MEMS-based inclination
sensor), by end-user (mining and construction industry, automotive and
transportation industry, aerospace and defense industry, and
telecommunications industry), and by region (the Americas, EMEA, and
APAC). It provides an in-depth analysis of the prominent factors
influencing the market, including drivers, opportunities, trends, and
industry-specific challenges.

Of the four major end-users, the mining and construction industry
segment held the largest market share in 2017, contributing to over 29%
of the market. This end-user segment is anticipated to dominate the
global market throughout the forecast period.

APAC held the largest share of the market in 2017, accounting for over
37% share. It was followed by EMEA and the Americas respectively. APAC
is expected to dominate the global market through the period 2018-2022.

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  • Market segmentation analysis

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Market Segmentation

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  • Regional comparison
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Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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