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Photoelectric Sensor Market with COVID-19 Impact Analysis

Photoelectric Sensor Market with COVID-19 Impact Analysis by Type (Through Beam, Retroreflective, Reflective), Range, Structure, Beam Source, Output, Application (Industrial Manufacturing, Food and Beverages) and Geography - Global Forecast to 2025<br>

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Photoelectric Sensor Market with COVID-19 Impact Analysis

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  1. Market Leader - Photoelectric Sensor Market The photoelectric sensor market was valued at USD 1.5 billion in 2020 and is projected to reach USD 2.1 billion by 2025; it is expected to grow at a CAGR of 7.8% from 2020 to 2025. Major factors driving the growth of the photoelectric sensor market include extensive use of photoelectric sensors in different industries, increased adoption of retro reflective photoelectric sensors in various applications, and surged adoption of industrial robots across several regions. Omron Corporation (Japan), Keyence Corporation (Japan), SICK AG (Germany), Schneider Electric (France), Rockwell Automation Inc. (US), ifm electronic GmbH (Germany), Pepperl+Fuchs (Germany), Balluff Inc. (Germany), Banner Engineering (US), and Panasonic Corporation (Japan). Other key players in the market include Sensopart Industriesensorikis GmbH (Germany), HTM Sensors (Canada), Fargo controls Inc. (US), Eaton Corporation (Ireland), Leuze Electronics GmbH + Co. KG (Germany), Wenglor Sensoric (Germany), Autonics Corporation (South Korea), Bernstein AG (Germany), CNTD Electric Technology Co. Ltd. (China), Hans Turck GmbH & Co.KG. (Germany), and Carlo Gavazzi Holding AG (Switzerland) are the key players in the photoelectric sensor market. These players have adopted various growth strategies, such as product launches and developments, acquisitions, expansions, agreements, collaborations, partnerships, and joint ventures. Product launches and developments has been the most dominating strategy adopted by the key players from 2017 to 2020 to help them strengthen their product portfolio and broaden their customer base. Omron Corporation (Japan) held the first position in the photoelectric sensor market in 2019. The company is a global electronics company, which manufactures automation equipment and systems. It also develops computer, communication, and control technologies. It offers various photoelectric sensors, such as separate amplifier sensors, built-in amplifier sensors, built-in power supply sensors, and area sensors. Moreover, the company has a strong geographic reach and customer base. Omron Corporation also plans to expand its production capability, especially for photoelectric sensors, to leverage their increased demand from different industries. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=192493409 Keyence Corporation (Japan) is a multinational company, which develops, manufactures, and sells industrial automation and inspection equipment. It offers automation sensors, vision systems, barcode readers, laser markers, measuring instruments, and digital microscopes. It offers various photoelectric sensors such as through- beam, retro reflective, diffuse-reflective, focused-beam reflective, small-spot definite reflective, fixed distance, and luster recognition sensors. The company expanded its network to 46 countries. It focuses on increasing its production efficiency and enhancing its research and development investments to remain competitive in the photoelectric sensor ecosystem. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model –GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500

  2. MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441

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