The rapidly growing demand of non-contact sensors from oil & gas and food and beverage industries drives the growth of fluid sensor market. In both oil and gas industries the optical sensors are used to monitor storage tanks, hydraulic and lubricating oil reservoirs, during this process they are in contact with the various corrosive materials so they need to be replaced within a short period of time. In addition, both contact and non-contact fluid sensors are majorly used in the water and wastewater treatment. Rising water and wastewater treatment industry across the world are likely to escalate the growth of fluid sensors market. Moreover, growing digitalization and adoption of wireless fluid sensors for remote sensing applications are projected to create several opportunities for the fluid sensor market in upcoming years.
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Asia Pacific region to contribute to growth in the global Fluid Sensors market over the next 6 years
Geographically, North America holds the largest market share in the fluid sensor market in 2017 and is expected to be the foremost market over the forecast period. In addition, various government agencies are taking initiative to improve the water and the wastewater treatment industries that create a huge demand of water level measurement equipment such as Fluid sensors in North America.
In addition, Asia Pacific region is the fastest growing region in the fluid sensor market. The rapidly growing oil, gas, food and beverages, water and waste water treatment industries in this region are likely to boost the growth of fluid market in Asia Pacific region.
Kellstrom Defense Acquired Intellectual Property from AMETEK for Kc-135 & Kc-10 Fuel Flow Transmitters
In July 2018, Kellstrom Defense Aerospace, Inc. (”KDA”) announced that it has acquired intellectual property from AMETEK Sensors & Fluid Management Systems (SFMS) for the production of KC-135 and KC-10 fuel flow transmitters. KDA will manufacture, market, and provide sales support. KDA’s repair services segment provides in-house testing, repair, and overhaul capabilities. The fuel flow transmitter accurately measures the flow of fuel from KC-10/KC-135 aerial refueling aircrafts.