seobhushan (32)

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Photoelectric Sensor Market is projected to reach
CAGR 7 by 2027
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Key Insights from Photoelectric Sensor Market

• The photoelectric sensor market size is projected
  to exceed USD 2 billion by 2027. Increasing trend
  of automation in almost every industrial sphere
  such as food beverage, packaging logistics,
  pharmaceuticals, manufacturing, automotive, etc.
  has impelled the adoption of photoelectric sensor
  technology over the past few years. These sensors
  find important application in high-end automation
  equipment like material handling robots, pick
  place robots, conveyors, packaging machinery,
  etc. in the packaging industry for timely
  processing of goods. These important product
  aspects will augment the growth of market
  commendably over the ensuing years.
• The industry expansion is further supported by
  the ongoing technological advancements in
  photoelectric sensing by the market players.
  Besides, such developments also help these
  companies bolster their market presence. To
  illustrate, in 2020, Omron Automation announced
  the launch of the E3AS-HL Series, a new
  complementary metal oxide semiconductor
  photoelectric sensor suite. According to the
  company, this product has been designed to enable
  manufacturers improve flexibility and minimize
  maintenance needs through stable detection
  provided by these sensors.

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Regional Insights in Photoelectric Sensor Market

• Regionally, Europe is touted to stand tall as a
  strong hub for photoelectric sensor market,
  thanks to the presence of prominent pharma
  companies like Novo Nordisk, Pfizer, Inc., and
  AstraZeneca, among others, in the region. These
  companies are focusing on mass production of
  novel drugs and vaccines. The companies are also
  inclined on increasing research development
  activities which is instigating the deployment of
  photoelectric sensors, contributing to the
  business expansion. Reportedly, Europe market is
  projected to register an appreciable CAGR of 6
  through 2027.

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Latest Research Report On Photoelectric Sensor
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Major Companies in Photoelectric Sensor Market

• OMRON Corporation
• KEYENCE CORPORATION
• SICK AG
• Schneider Electric
• Rockwell Automation, Inc.
• PepperlFuchs

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Industry Coverage

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