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IFSA Newsletter (ISSN 1726-6017), No.9 September 2007 |
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1. Sensors & Transducers Magazine (e-Digest), No.9, September 2007 2. Sensors Web Portal Up-dates Briefs 3. Recently Published Sensors Books 4. Proximity Sensor Market in North America Being Won by European Vendors 5. Subscribtion 6. Additional Information, Comments, Suggestions
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Natick, Massachusetts – September 12, 2007 – The North American market for proximity sensors – including capacitive, inductive, magnetic, magnetic actuated, photoelectric and ultrasonic products – totaled $718.8 million in 2006 (exclusive of another $38.4 million in photointerrupter sensors), according to a new market study by Venture Development Corporation.
The market for these products has increased at a moderate single-digit average annual growth rate over the last 15 years. However, during the same period (and particularly during the past three years), two European vendors, Hans Turck GmbH & Co. KG, and IFM Electronics GmbH – through their US subsidiaries Turck, Inc. and IFM Efector, Inc. – have each achieved approximately double the annual market growth rate, and are now the two leading suppliers in the market.
TURCK Inc., the North American arm of privately owned Hans Turck GmbH & Co. KG headquartered in Mulheim in Germany, has operated in the U.S. since 1971. Their proximity sensors are produced in the US, Germany, Switzerland and China, as well as in their newest manufacturing facility built in Saltillo, Mexico in 2004.
IFM Efector, based in Exton, PA, is a subsidiary of privately owned IFM Electronic GmbH, which was founded in 1969 and is headquartered in Essen, Germany. Nearly all of IFM Efector’s proximity and photoelectric sensors are manufactured by their parent company in Germany.
VDC’s study forecasts a North American market growth rate of 4.3% for these proximity sensors over the next 5 years.
For further information about the study, North American Position Sensor Market: Eighth Edition, contact:
John Verostek, Senior Analyst, tel.: 508.653.9000 ext. 115, e-mail: verostek@vdc-corp.com Jim Taylor, Group Manager, tel.: 508.653.9000 ext. 132, e-mail: jimt@vdc-corp.com
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