Humidity sensors are sensors that sense the water vapour content of the air and convert it into a usable output signal.
Based on type, the market has been further segmented into Capacitive, Resistive, and Thermal. A capacitive humidity sensor measures relative humidity by placing a thin strip of metal oxide between two electrodes. The metal oxide’s electrical capacity changes with the atmosphere’s relative humidity. Weather, commercial and industries are the major application areas. The capacitive type sensors are linear and can measure relative humidity from 0% to 100%. The catch here is a complex circuit and regular calibration. However, for designers this a lesser hassle over precise measurement and hence these dominate atmospheric and process measurements. These are the only types of full-range relative humidity measuring devices down to 0% relative humidity. This low-temperature effect often leads to them being used over wide temperature ranges without active temperature compensation. Resistive humidity sensors utilize ions in salts to measure the electrical impedance of atoms. As humidity changes, so do the resistance of the electrodes on either side of the salt medium. Thermal sensors conduct electricity based upon the humidity of the surrounding air. One sensor is encased in dry nitrogen while the other measures ambient air. The difference between the two measures the humidity.
Based on the Humidity Sensor application, the Humidity Sensor market is segmented into several major parts, like Agriculture, Industry, etc. The industrial segment dominated the market owing to the increasing adoption of these sensors to manufacture. Meanwhile, Humidity Sensor can be also applied to Automotive industry. These sensors can particularly
help in preventing windscreen fogging inside the car cabin. These sensors are also be used to monitor the dew point and air intake of cars. In addition, Humidity sensor solutions are widely adopted in oil & gas, power & energy, mining, paper, and textile, among other industries, to monitor the ambient moisture. The pharmaceutical & healthcare segment is expected to register growth as humidity sensor solutions are widely used in ventilators, incubators, and human respiratory system monitoring units. At the same time, humidity sensors are being used in the agricultural sector, where moisture sensor solutions are increasingly being used to monitor soil moisture.
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Global Humidity Sensor Market Analysis and Forecast
According to our research, the global Humidity Sensor market size reached US$ 1097.01 Mn in 2019, with Capacitive accounting for 52.06% share in the global Humidity Sensor market. While the market for capacitive humidity sensors is expected to reach USD 9.1302 million by 2026 from USD 5.7108 million in 2019. Within the humidity sensor market, industry holds a significant share in terms of applications and is expected to reach a revenue of USD 442.97 million by 2026, growing at a CAGR of 8.76% between 2020 and 2026. 2020 Global Humidity Sensor Market size decreases to USD 1059.98 million.
We have performed a series of functional calculations, using a scientific model to derive data for the past six years and forecast that the global humidity sensor market could reach US$1749.71 million by 2026. The global humidity sensor market is expected to grow at a CAGR of 8.71% from 2020 to 2026. It has a very low industry concentration rate. The top three companies are Honeywell , STMicroelectronics , and Sensirion , with 2019 revenues of $206.44 million, $93.57 million, and $80.32 million, respectively.
North America was the largest revenue market with a market share of 40.26% in 2015 and 39.43% in 2019, a decrease of 0.83%. in 2019, Asia Pacific had the second largest market share at 31.54%.
The growth of the global humidity sensor market is driven by the downstream demand market. The demand market is driven by the demand market. As the global economy grows, the population continues to increase. Growing market demand is playing a positive role in the expansion of the global humidity sensor market. Higher product quality and more affordable products will be among the growth opportunities for this market in the future. At the same time, competition in new regions is likely to become more intense. This could be a factor that hinders the growth of the market.
Influence of COVID-19 Outbreak on Humidity Sensor Industry Development
The COVID-19 Outbreak has led to a decline in offline passenger flow, and the advantages of e-commerce companies have become prominent. During the epidemic prevention and control period, some Humidity Sensor enterprises did not carry out internet marketing and promotion for their business, so they encountered great resistance in undertaking business. For enterprises that fail to make good use of network promotion means, there is almost no market development during the epidemic period, and the original offline market development plan is disrupted, and the epidemic will face fierce market homogenization competition, which is expected to have a great impact on the company\'s business throughout the year.
The epidemic will have a short-term impact on Humidity Sensor industry, but it is relatively limited. Due to the impact of the epidemic, the production of raw materials and equipment procurement and transportation supply are difficult to be in place, and upstream enterprises affect the work schedule of downstream enterprises. Equipment manufacturing and product manufacturing enterprises in Humidity Sensor industry are affected to different degrees, and the production and delivery work may be delayed to some extent. Meanwhile, if it fails to meet the customer\'s delivery time requirements according to the contract, it may lead to the customer looking for another enterprise and lose business.
The impact of COVID-19 on the Humidity Sensor industry will involve all major links and all entities in the industry chain. The company\'s management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined. The government has also put forward higher requirements for the production and operation of enterprises. Although various industries around the world are gradually resuming work, production and demand will not pick up rapidly and substantially, and will require a certain recovery period.
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