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Insights on the Global Humidity Sensors Market 2020-2024 | COVID-19 Analysis, Drivers, Restraints, Opportunities and Threats | Technavio

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The global humidity sensors market size is expected to grow by USD 360.87 million during 2020-2024, progressing at a CAGR of 6% during the forecast period. Download Free Sample Report This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200714005847/en/ Technavio has announced its latest market research report titled Global Humidity Sensor Market 2020-2024 (Graphic: Business Wire) Government regulations in the automotive segment and the rising demand for contactless humidity sensors are among the major factors propelling market growth. However, factors such as the technical challenges of humidity sensors may hamper the market growth. Governments and regulatory organizations in several countries are implementing safety and emission control standards, which require the installation of sensors such as humidity sensors in cars. Automotive manufacturing companies must comply with these safety and emission control regulations set by the authorities. During the forecast period, this trend is expected to boost the demand for humidity sensors. Humidity sensors have a variety of applications, which is driving its high adoption across different types of cars such as electrical, hybrid, and driverless cars. More details: www.technavio.com/report/humidity-sensor-market-industry-analysis? Global Humidity Sensors Market: Application Landscape Based on the application segmentation analysis, the industrial segment is expected to witness lucrative growth during the forecast period. Humidity sensors used in industrial applications operate under rough conditions and are used for several complex industrial applications. Humidity sensors perform operations such as calculating absolute humidity, measuring wet bulb temperature, water vapor pressure and calculating the output of dew point. Further, humidity sensors supplied for industrial processing are used in rugged metal housing as they operate in extreme conditions. Other applications for humidity sensors also include air compressors, air conditioning and ventilation control, as ...Full story available on Benzinga.com

Source: http://feeds.benzinga.com/~r/benzinga/press-releases/~3/eNnkgdLgtZc/insights-on-the-global-humidity-sensors-market-2020-2024-covid-19-analysis-drivers-restraints-oppo

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