(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Oct 14, 2021, 06:47 /Comserve / -- The global Pressure Sensor market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World.
The Global Pressure Sensor Market is expected to grow by 2025 at a CAGR of 6.86%.
A pressure sensor is an electronic device used for pressure measurement of gases or liquids. They are widely used for controlling and monitoring applications. The demand for pressure sensors is predictable to raise substantially owing to the increasing government regulations and growing adoption of the sensors in automotive and medical applications. Technological developments have controlled to the reduction in the size and cost of pressure sensors, which, in turn, is anticipated to open new avenues for the market. The growing demand for consumer electronic applications such as cellular phones, Personal Digital Assistant, portable computers, and laptops, are anticipated to drive the market over the estimate period. Furthermore, pressure sensors are widely used in the automotive industry in equipment such as Tire Pressure Monitoring Systems, engine health management systems, and exhaust gas recirculation systems. The increasing production of vehicles worldwide is positively influencing the demand for automotive pressure monitoring devices. Pressure sensors are generally used for to control and monitor applications. A pressure sensor measures, detects, and transmits information, which supports in inspecting the performance of a device. With the benefit of IC fabrication technology, pressure sensors measure various types of pressures such as vacuum, gauge, differential, and absolute pressure, and control and monitor the pressure of liquids and gases. These generally act as a transducer that generates an electric signal owing to applied pressure. The demand for cost-efficient, reliable, and high-performance sensors has improved due to higher spending on research and development activities by market sellers. Also, government regulations mandating the use of pressure sensors in industries has strengthened the growth of the pressure sensor market, and is expected to increase during the estimate period.
The global Pressure Sensor market is segregated on the basis of Application as Process Control, Test & Measurement, Automotive On-Vehicle, Medical Devices, HVAC, and Others. Based on Technology the global Pressure Sensor market is segmented in Electromagnetic Pressure Sensors, Optical Pressure Sensors, Piezoresistive Pressure Sensors, Capacitive Pressure Sensors, Resonant Solid-State Pressure Sensors, and Others. Based on Function the global Pressure Sensor market is segmented in Flow Sensing, Depth Sensing, Altitude Sensing, and Pressure Sensing.
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Based on Product Type, the global Pressure Sensor market is segmented in Differential Pressure Sensors, Sealed Pressure Sensors, Vacuum Pressure Sensors, Absolute Pressure Sensors, and Gauge Pressure Sensors. The report also bifurcates the global Pressure Sensor market based on End-User Industry in Medical, Manufacturing, Utility, Aviation, Oil & Gas, Marine, Consumer Electronics, and Automotive.
The global Pressure Sensor market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Pressure Sensor market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Sensata Technologies, Cynergy3, Endress+Hauser, General Electric, IFM Electron, Honeywell, ABB, Emerson, Amphenol, Sensata Technologies, and others are among the major players in the global Pressure Sensor market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Pressure Sensor Market has been segmented as below:
Pressure Sensor Market, By Application
Test & Measurement
Pressure Sensor Market, By Technology
Electromagnetic Pressure Sensors
Optical Pressure Sensors
Piezoresistive Pressure Sensors
Capacitive Pressure Sensors
Resonant Solid-State Pressure Sensors
Pressure Sensor Market, By Function
Pressure Sensor Market, By Product Type
Differential Pressure Sensors
Sealed Pressure Sensors
Vacuum Pressure Sensors
Absolute Pressure Sensors
Gauge Pressure Sensors
Pressure Sensor Market, By End-User Industry
Oil & Gas
Pressure Sensor Market, By Region
Rest of the World
Pressure Sensor Market, By Company
Micro Sensor Co.,LTD
The report covers:
Global Pressure Sensor market sizes from 2015 to 2024, along with CAGR for 2018-2024
Market size comparison for 2017 vs 2024, with actual data for 2017, estimates for 2018 and forecast from 2019 to 2024
Global Pressure Sensor market trends, covering comprehensive range of consumer trends & manufacturer trends
Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Pressure Sensor market
Major market opportunities and challenges in forecast timeframe to be focused
Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
Comprehensive company profiles of the key industry players
The global Pressure Sensor market report scope includes detailed study covering underlying factors influencing the industry trends.
The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Pressure Sensor market share. Major industry players with significant revenue share include Sensata Technologies, Cynergy3, Endress+Hauser, General Electric, IFM Electron, Honeywell, ABB, Emerson, Amphenol, Sensata Technologies, and others.
Reasons to Buy this Report:
Gain detailed insights on the Pressure Sensor industry trends
Find complete analysis on the market status
Identify the Pressure Sensor market opportunities and growth segments
Analyse competitive dynamics by evaluating business segments & product portfolios
Facilitate strategy planning and industry dynamics to enhance decision making
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