The pressure transducer global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Pressure Transducer Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The pressure transducer market size has grown rapidly in recent years. It will grow from $7.08 billion in 2023 to $7.83 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to industrial automation, expansion of oil and gas exploration, healthcare applications, aviation and aerospace development, water and wastewater management, environmental monitoring..
The pressure transducer market size is expected to see rapid growth in the next few years. It will grow to $11.59 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to smart cities development, precision agriculture practices, integration with wearable health devices, focus on water conservation, expansion of renewable energy.. Major trends in the forecast period include industry 4.0 adoption, adoption of mems technology, integration of wireless pressure transducers, emphasis on industry-specific customization, advancements in sensing technologies..
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Scope Of Pressure Transducer Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Pressure Transducer Market Overview
Market Drivers –
The growth of the automobile sector is expected to propel the growth of the pressure transducer market. The automotive industry refers to the companies linked with the manufacturing, selling, and maintenance of motor vehicles. The pressure transducer is used in the automobile industry as an electronic pressure sensor to monitor the pressure of the vehicle’s vital components, such as engine oil, gearbox, and transmission oil, and hydraulic oil in the braking system, cooling system, and fuel systems. For instance, in July 2022, according to the European Automobile Manufacturers Association, a group of the automobile industry in the European Union, in 2021, automobile trade generated an annual trade of $81.7 billion (€79.5 billion) for the European Union, an increase of 4.6%. Therefore, the growth of the automobile sector will drive the pressure transducer market.
Market Trends –
Technological innovation is the key trend gaining popularity in the pressure transducer market. Major companies operating in the pressure transducer market are focused on developing technologically advanced products to sustain their market position. For instance, Xidas Inc., a US-based tech company announced the industry’s first smart microfluidics in-line pressure sensor with near-zero dead volume. The “Pascal” family of sensors from Xidas are low voltage, fully digital, have the on-board computation, and provide real in-line fluid sensing with less than 0.1 microliters of dead volume. They are designed for in-line monitoring of ultra-small amounts of fluid. Wearable medication delivery solutions, mobile diagnostics devices, in-line process monitors, tiny catheters, and high throughput biological systems can all benefit from Xidas’ small volume sensors.
The pressure transducer market covered in this report is segmented –
1) By Pressure: Absolute Pressure, Gauge Pressure, Differential Pressure
2) By Technology: Capacitive, Piezo Resistive, Thin Film, Ceramic Thick Film, Mems, Oil-Filled
3) By End-User: Automotive, Healthcare, Consumer Electronics, Oil and Gas
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Regional Insights –
North America was the largest region in the pressure transducer market in 2023. The regions covered in the pressure transducer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the pressure transducer market report are Panasonic Holdings Corporation, Sensata Technologies Incorporated, ABB Limited, Honeywell International Incorporated, Validyne Engineering, Robert Bosch GmbH, NXP Semiconductors, Setra Systems Incorporated, ControlAir Incorporated, Kulite Semiconductor Products Incorporated, TE Connectivity Ltd., Endress+Hauser AG, Schneider Electric SE, Yokogawa Electric Corporation, Kistler Instrument Corporation, Emerson Electric Co., WIKA Instruments LP, Spectris plc, Hitec Products Inc., LCM Systems Limited, Zemic Group, Bosch Sensortec GmbH, All Sensors Corporation, Thermo Fisher Scientific Inc., Rockwell Automation Inc., Siemens Building Technologies AG, Omron Corporation, First Sensor AG, Gems Sensors Inc., Kavlico Corporation, Ashcroft Inc. .
Table of Contents
1. Executive Summary
2. Pressure Transducer Market Report Structure
3. Pressure Transducer Market Trends And Strategies
4. Pressure Transducer Market – Macro Economic Scenario
5. Pressure Transducer Market Size And Growth
…..
27. Pressure Transducer Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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