Global Wireless Flow Sensors Market to Reach $10.6 Billion by 2030
The global market for Wireless Flow Sensors estimated at US$2.3 Billion in the year 2023, is expected to reach US$10.6 Billion by 2030, growing at a CAGR of 24.8% over the analysis period 2023-2030. Wi-Fi-based Flow Sensors, one of the segments analyzed in the report, is expected to record a 26% CAGR and reach US$4.4 Billion by the end of the analysis period. Growth in the Bluetooth-based Flow Sensors segment is estimated at 24.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $676.6 Million, While China is Forecast to Grow at 23.6% CAGR
The Wireless Flow Sensors market in the U.S. is estimated at US$676.6 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2030 trailing a CAGR of 23.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 22.5% and 20.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 16.7% CAGR.
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