Magnetostrictive Position Sensors
Market
Magnetostrictive Position Sensors Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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Magnetostrictive Position Sensors Market Size and Growth
The global magnetostrictive position sensors market is projected to reach a size of $175.6 million by 2027, growing at a CAGR of 6.8% from 2020 to 2027. The increasing demand for accurate and reliable position sensing solutions across various industries is driving the market growth. Key players include TE Connectivity, MTS Systems Corporation, and Balluff GmbH.
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Companies Covered (Covid 19 Impact Covered)
◍ MTS Sensors
◍ BALLUFF
◍ ASM Sensor
◍ MEGATRON
◍ TURCK
◍ AMETEK Gemco
◍ TSM SENSORS SRL
◍ GEFRAN
The competitive landscape of the Magnetostrictive Position Sensors Market includes key players such as MTS Sensors, BALLUFF, ASM Sensor, MEGATRON, TURCK, AMETEK Gemco, TSM SENSORS SRL, and GEFRAN. These companies utilize Magnetostrictive Position Sensors for various applications and contribute to the growth of the market.
- MTS Sensors: $650 million
- BALLUFF: $500 million
- ASM Sensor: $300 million
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Market Segmentation
By Application
◍ Petroleum Industry
◍ Chemical Industry
◍ Pharmaceutical Industry
◍ Food Industry
◍ Other Industries
By Product
◍ Analog Type
◍ Digital Type
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Market Growth
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$ 289.60 Million
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