New York , United States – The global battery-free sensor market size was US$ 35.08 million in 2021. The global battery-free sensor market size is forecast to reach US$ 280.06 million by 2030, growing at a compound annual growth rate (CAGR) of 26.1% during the forecast period from 2022 to 2030.
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Battery-free sensors monitor, record, and measure parameters such as humidity, temperature, heat loss, and more. Essentially, battery-free sensors measure temperature and strain. Consumer electronics, smart homes, and different industries use battery-free sensors.
The COVID-19 pandemic had a moderate impact on the battery-free sensors market. In the COVID-19 situation, the growth of the market decreased as a result of severe disruptions in business and the global economy caused by the pandemic. The COVID-19 pandemic affected the supply chain of the sensors industry. The result has also been a decrease in business inputs due to limited production.
The Asia Pacific region is forecast to record the highest CAGR during the forecast period. Battery-free sensors are experiencing rapid growth due to the ongoing industrialization, increased adoption of predictive maintenance technologies, and increasing competitive pressure to achieve operational efficiency. Battery-free sensors are in high demand in Asia because of the transfer of manufacturing operations to Asian nations with low labor costs, like China, India, and South Korea.
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The leading prominent companies profiled in the global battery-free sensor market are:
The global battery-free sensor market segmentation focuses on Frequency, Sensor Type, End-User, and Region.
Segmentation based on Sensor Type
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