Virtual sensing techniques, also called soft sensing, proxy sensing, inferential sensing, or surrogate sensing, are used to provide feasible and economical alternatives to costly or impractical physical measurement instrument. A Virtual Sensor uses information available from other measurements and process parameters to calculate an estimate of the quantity of interest.
This report contains market size and forecasts of Virtual Sensors in Global, including the following market information:
Global Virtual Sensors Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Virtual Sensors market was valued at 209 million in 2021 and is projected to reach US$ 583.2 million by 2028, at a CAGR of 15.8% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Cloud-based Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Virtual Sensors include General Electric, Siemens, Cisco, Honeywell, Schneider Electric, Elliptic Labs, Exputec, TACTILE MOBILITY and IntelliDynamics, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Virtual Sensors companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Virtual Sensors Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Virtual Sensors Market Segment Percentages, by Type, 2021 (%)
Cloud-based
On-premise
Global Virtual Sensors Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Virtual Sensors Market Segment Percentages, by Application, 2021 (%)
Utilities
Oil and Gas
Manufacturing
Automotive and Transportation
Others
Global Virtual Sensors Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Virtual Sensors Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Virtual Sensors revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Virtual Sensors revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
General Electric
Siemens
Cisco
Honeywell
Schneider Electric
Elliptic Labs
Exputec
TACTILE MOBILITY
IntelliDynamics
ANDATA
Aspen Technology
OSIsoft
Modelway
LMI Technologies