Humidity Meter Market Outlook - 2030
A humidity meter is a humidity monitoring device. Humidity meters can be designed for indoor, outdoor or for both purposes. The humidity meter helps in monitoring the environmental conditions and providing caution if any to the user for alarming conditions. The humidity meter detects the change in temperature or electric current in the atmosphere. Some of the important features that have made the humidity meter so popular in the market are its accuracy, reliability, linearity, and repeatability.
The companies involved in the manufacturing of humidity meters are now focusing on maximizing the sensitivity of the humidity meter which is expected to provide more accurate results. This development is anticipated to help the humidity meter to penetrate more in the market. The humidity meters find their applications in diverse sectors such as oil & gas, agriculture, food & beverages, and pharmaceutical.
The global humidity meter market is segmented on the basis of product, type, end use and region. Based on product, the market is divided into relative, RHS, RHT, and absolute. In terms of type, the market is categorized into analog and digital. On the basis of end use, the market is divided into residential, commercial, automotive, industrial, agriculture, weather station, healthcare, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global humidity meter industry include Amphenol Advanced Sensors, Guangzhou Aosong Electronics Co. Ltd., Honeywell International Inc., Laird Connectivity, Michell Instruments, Renesas Electronics Corporation, Schneider Electric, Sensirion AG Switzerland, Delphi technologies, BEI sensors, General electric company, PCE instruments, Infineon technologies AG, TE Connectivity and Texas Instruments Incorporated. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global humidity meter market.
COVID-19 Scenario Analysis
COVID-19 pandemic is a massive health emergency that has impacted almost all industries. The pandemic has forced all the governing bodies across the world to impose strict lockdown and restrict travel to control the COVID-19 outbreak which has negatively affected the growth of businesses in the market.
In the last decade, the humidity meter industry has been gathering huge traction across the globe because of its extensive use for monitoring humidity. However, the COVID-19 pandemic has caused significant barriers to the humidity meter market growth. As the companies were instructed to continue their operations only with a limited workforce, the production rate of the humidity meters fell that led to the increase in price in the market, which can be proved with the help of an economic theory “price elasticity of supply.” This surge in price has lowered the demand for the humidity meters in the market.
However, after the COVID-19 pandemic, the industry is expected to regain its demand in the market because of its increase in diverse and innovative areas of application such as oil & gas, agriculture, food & beverages, pharmaceutical and its significance in monitoring the humidity.
Top Impacting Factors
The major factors that impact the growth of the humidity meter market size include emerging demand for humidity meter in consumer electronics, increase in the use of humidity meter in the automotive industry, and rise in installation of personalized weather stations.
In the agricultural sector, the humidity meter is used to measure soil moisture. The measurement of the soil moisture helps the farmer to analyze the soil condition which further helps in scheduling the water supply so that the efficiency of the soil can be improved. Hence, the need for the humidity meter in the agricultural sector is projected to drive the increase of humidity meter market size.
In the wooden infrastructure construction, the humidity meter is extensively used. The humidity meter helps in measuring the moisture content in the wood which ensures the longevity of the wooden structure. Therefore, the demand for the humidity meter in the construction sector is anticipated to surge.
Lack of quick responses and a huge scope for improvement in the technical specification are the factors that are expected to restrain the humidity meter market growth.
Extensive Use of Humidity Meters in the Automotive Industry
In the automotive industry, in order to provide automatic input to the automated air conditioning system, the humidity meters are deployed. The infrared sensor integrated with the humidity meters remotely measure the radiated heat on the windscreen and accordingly send the instruction to the air conditioning system to regulate the humidity of the air. Capacitive humidity meters are mostly preferred in automobiles due to its cost effectiveness, superior quality, and tested technology in maintaining the desirable humidity level inside the automobile. All these factors tend to increase the demand for the humidity meters in the market. Therefore, humidity meter industry forecast is expected to grow significantly.
Wide-scale Adoption of Wireless Networking and IoT Technology in Humidity Meter
The wireless technology and the IoT technology when coupled with the humidity meter provide some additional features to the humidity meters such as with the help of wireless transmitters, the humidity meters are capable of sensing humidity across a broad area. This is expected to help in monitoring and controlling the humidity levels over a wide surface area. Mainly the IoT technologies are used in building automation. Thus, an increase in demand for IoT technology and wireless technology is anticipated to lead to the rise in demand of humidity meters in the market. Therefore, industry forecast is expected to grow significantly.
Key Benefits of the Report
- This study presents the analytical depiction of the humidity meter market forecast along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and humidity meter market opportunities along with detailed analysis of the humidity meter market share.
- The current market is quantitatively analyzed to highlight the growth scenario of the humidity meter market trends.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers in the market.
- The report provides a detailed humidity meter market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Humidity Meter Market Research Report
- Which are the leading players active in the humidity meter market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and humidity meter market opportunities?
- What are the projections for the future that would help in taking further strategic steps?
Humidity Meter Market Report Highlights
Key Market Players
General Tools & Instruments., Testo AG., BlueSky Technologies., Extech Instruments., Kestrel Instruments., Bestech Australia., Dakin-Flathers., RHP Technology., Fluke Corporation., Sanqiang Technology.