“Global Wood Moisture Meter Market, By Product Type (Pin Meter, Pinless Meter), By Application (Flooring, Woodworking, Industrial & Mill, Other Applications), as well as by Region – Global Forecast 2021 to 2030.”, which offers a comprehensive view of the Global Wood Moisture Meter Market through systematic segmentation that encompasses every aspect of this target market. The 5-year (2020–2025) cumulative revenue of this sector is projected to be over $527.3 Mn, and is estimated to increase moderately over the latter part of the forecast period.
A wood moisture meter is an essential instrument used in many industries to accurately detect the moisture content of a given material. This device scale functions between the range of 5-40%, and works on the principle of electrical resistance, as moisture conducts electricity well and dry wood acts as an effective insulator.
As a direct result of booming population figures and increased urbanization, the construction & building sector has been steadily expanding, especially in recent years. This is a major factor that is anticipated to have a significant influence on the revenue growth of the Global Wood Moisture Meter Market in the years to come, as these devices are extensively used in test raw materials for optimal moisture readings to ensure that the structural integrity of a given project is not compromised. Moreover, the increasing accessibility to devices such as these, owing to the increasing prominence of various e-tailers over the last few years is also a factor that is slated to further augment market growth for this global industry. In addition to this, an increasing number of key industry players are now more keen on investing in the development of devices that offer more accurate readings to boost their respective sales figures. This is another major element that is slated to have a profound influence on the projected market growth of the global wood moisture meter industry, and is anticipated to further augment the overall market footprint of this sector. These are some of the most crucial factors anticipated to play a critical role in catapulting projected revenues for the Global Wood Moisture Meter Market to $686.4 Mn by 2030, at a CAGR of 7.0%.
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