Inductive Proximity Sensor Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The inductive proximity sensor market is expected to register a CAGR of 6.6% over the next five years. Inductive proximity sensors are non-contact devices that set up a radio frequency field with a coil and an oscillator. The presence of an object can alter this field, and the sensor can detect this alteration. The inductive proximity sensors can detect an object without touching it and therefore do not cause damage or abrasion to the object.
Key HighlightsThe inductive proximity sensors market is very competitive in nature. The market is concentrated due to the presence of various small and large players. Some of the significant players in the market are Panasonic Corporation, Sick AG Pepperl+Fuchs, Rockwell Automation Inc., Eaton Corporation PLC, Omron Corporation, Delta Electronics Inc., and many more.
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