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Food & Beverage Position Sensors Market - By Product Type , By Position Sensor Type , By Measuring Type , By Geography - Global Opportunity Analysis & Industry Forecast, 2024 - 2030
Food & Beverage Position Sensors Market Overview
Food & Beverage Position Sensors Market Size is forecast to reach $ 403.9 Million by 2030, at a CAGR of 7.1% during forecast period 2024-2030. A position sensor is a sensor that allows mechanical position to be measured. Position sensors are an essential component of many industrial processing and monitoring setups including steam generator, water tube boilers, industrial boiler and others. Manufacturers' increased emphasis on accurate measurements and detailed inspection, technological advancements in position sensors, increased demand for cost-effective and highly efficient position sensors, and growing investments by major players in developed countries are the factors that are expected to drive the global market's growth. The growing need for automated systems with higher accuracy and productivity will drive significant expansion in the F&B position sensor market. The sensor assists the maker in tracking the quality of food and beverages in real time. Furthermore, the introduction of internet of things (IoT) based sensors will assist F&B producers in monitoring product quality from a long distance, which would drive the F&B position sensor market. Hence, these factors will drive Food & Beverage Position Sensors market size in the forecast period 20224-2030.
Food & Beverage Position Sensors Market Report Coverage
The report: “Food & Beverage Position Sensors Market – Forecast (2024-2030)”, by IndustryARC covers an in-depth analysis of the following segments of the Food & Beverage Position Sensors market.
By Product Type: Contact and Contact-Less
By Position Sensor Type: Ultrasonic, Radar Microwave, Tuning Fork, Electromagnetic, Capacitance, Others
By Measuring Type: Point Level Measuring and Continuous Level Measuring
By Geography: North America (U.S, Canada, Mexico), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), South America(Brazil, Argentina and others) and RoW (Middle east and Africa)
Key Takeaways
- Rising trends towards automation in food and beverage vertical is anticipated to propel the market growth.
- The market expansion of the Food & Beverage Position Sensors Market is expected to be aided by technical improvements in position sensors as a result of the rising demand from the food and beverage sector.
- APAC region is dominated the food and beverage position sensor market in 2020. The presence of major F&B manufacturing companies and large number of consumer is going to provide huge growth to F&B flow sensor market.
Food & Beverage Position Sensors Market share in %, by Geography, 2023
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Food & Beverage Position Sensors Market Segment Analysis- By Product Type
This market is segmented into Contact and Contact-Less on the basis of product type. Contact less segment is anticipated to witness a significant amount of growth in the forecast period 2024-2030. The benefits of Contact-less position sensors, such as longer life, reduced wear and tear, unmatched precision, consistent outstanding performance, rapid reaction, and suitability for a variety of settings, are attributed for the market's rise. Furthermore, non-contact position sensor applications in precise motion control, robotic movement, MEMS accelerometers, vibration monitoring, and other applications help to drive market expansion. The market for Contact-less position sensors is expected to expand due to reasons such as usability in precise measurement, contamination resistance, and high accuracy. Hence, such factors is analyzed to boost the market growth in 2024-2030.
Food & Beverage Position Sensors Market Segment Analysis- By Position Sensor Type
By Distribution channel, Food & Beverage Position Sensors market is segmented into Ultrasonic, Radar Microwave, Tuning Fork, Electromagnetic, Capacitance, Others. Ultrasonic position sensor held the highest market share in 2020. Higher working temperatures and pressures, as well as the presence of steam and potentially corrosive chemicals such as alcohol and solvents, need the use of strong measurement components that can perform reliably under extreme circumstances. Similarly, as machine footprints get smaller, there is a greater demand for sensors that take up less space. All of these aspects have driven the creation of a new line of ultrasonic sensors that will allow producers to achieve optimal performance in a number of food and beverage applications. Ultrasonic sensors have a stainless steel or alumina exterior construction that optimizes performance while adhering to strict food safety requirements. Accurate sensing is critical in applications such as milk metering and beverage distribution to guarantee proper container filling. Ultrasonic metering is a great way to improve accuracy while keeping a small footprint. Thus, above mentioned factors are analyzed to drive the market growth.
Food & Beverage Position Sensors Market Segment Analysis- By Geography
APAC held the highest market share of 37% in 2020. The rising need for cost-effective and highly efficient position sensors from the food and beverage industries, as well as technical advancements in optical position sensors, are driving expansion in this area. North America region is anticipated to witness a significant amount of growth in the forecast period 2024-2030. Growing spending by key players in the development of position sensors, as well as an increase in the use of position sensors for level measurement in large alcohol tanks, are contributing factors to market growth in this area. Moreover, the growing number of restaurants, fast-food chains, and meal delivery apps such as grub hub, caviar, and others increase customer access, resulting in substantial development in the food and beverage business in this region. Furthermore, growing consumer desire for organic, natural, and fresh foods as a result of increased health consciousness is a significant driver predicted to boost demand for the food and beverage industry. Because of the shift in consumer food consumption trends and inclination toward a healthy lifestyle, the United States is witnessing a strong demand for gluten-free drinks, followed by Canada and Mexico. Consumers in the United States have good opinions of healthful food items, which may drive market expansion. The favorable regulatory environment, attempts by the Food and Drug Administration (FDA) to encourage gluten-free diets, and further subsidy allocations are expected to enhance the regional market throughout the projected period. The major element driving the strategy of Food and Beverage firms is the constantly altering customer trends. Consumers' lifestyles are changing, and there is a greater demand for processed and ready-to-eat meals, which is fueling the expansion of the food and beverage industry in this area. Thus with the rise of market for food and beverages, the market for position sensors also develops.
Food & Beverage Position Sensors Market Drivers
Increasing focus of manufacturing industry on accurate measurements and detailed inspection are anticipated to drive the market growth
In order to meet industry requirements, the manufacturing business need a high level of precision. To develop high-quality products, manufacturers rely on two critical parameters: measurement precision and thorough inspection. A position sensor detects a number of important properties such as profiling, width, height, step, gap, V-gap, edge, angle, bend, groove, and surface. The profiles on various item surfaces are also detected, measured, and evaluated using these sensors. When the position sensor is linked to the analytics program, many measurement jobs become much easier. As a result, the position sensor is helpful for automating, testing, or monitoring operations where displacement, distance, length, or position characteristics need to be detected.
Rising trends towards industrial automation tends to boost the market growth during the forecast period
Manufacturers in every industry are always under pressure to boost earnings while lowering expenses. Furthermore, the food and beverage sector is under pressure to adhere to FDA and other food safety and quality requirements. Automation is an obvious way to alleviate these constraints, since automated processes have been shown to boost efficiency, improve traceability, and preserve the brand's reputation while adhering to the necessary laws. According to the World Health Organization, 600 million people worldwide become unwell after eating contaminated food each year, with 4,20,000 deaths, resulting in the loss of 33 million healthy years. As a result, rising concerns about food safety and cleanliness have driven the use of automation in the food and beverage sector to maintain sanitary standards. This in turn drives the market growth for position sensor market.
Food & Beverage Position Sensors Market Challenges
High cost of ownership restrains the market growth
A position sensor is manufactured using numerous components, such as position magnets, sensing rods, diagnostic light-emitting diodes (LEDs), and connectors, which are supplied by multiple vendors. For instance, the average price of a crankshaft position sensor replacement cost is between $194 and $258, with the labor costs estimated between $104 and $133, while the cost of the parts is generally between $90 and $125. The major challenge for the companies is to increase these manufacturing capabilities, as well as reduce the overall cost of production.
Food & Beverage Position Sensors Market Landscape
Technology launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Food & Beverage Position Sensors market. In 2020, the market of Food & Beverage Position Sensors industry outlook has been fragmented by several companies. Food & Beverage Position Sensors top 10 companies include:
- Hauser Management AG
- GEMS Sensors Inc
- First Sensor AG
- ABB Ltd
- Siemens AG
- Endress
- SICK
- PCB Piezotronics
- IFM
- TR Electronics
- Turck, among others.
Acquisitions/Technology Launches
- In October 2020, sick launched new product for non-contact measurement of speed and length. With the SPEETEC®, SICK is expanding its product range for speed and length measurement of objects moving in a linear path to include technology that measures directly on the material surface. The non-contact sensor is able to measure a wide range of web and continuous materials, as well as blanks with an accuracy of just 4 μm.
Key Market Players:
The Top 5 companies in the Food & Beverage Position Sensors Market are:
- GEMS Sensors Inc
- ABB Ltd
- Endress+Hauser
- Baumer
- SMD Fluid Controls
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