Pressure Sensor Market 2023 | Size, Share Report

The Pressure Transducer Global Market Report 2023, provides comprehensive information on the pressure transducer market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Pressure Transducer Global Market Report 2023, the global pressure transducer market size is expected to grow from $6.41 billion in 2022 to $7.09 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global pressure transducer market size is expected to grow to $10.35 billion in 2027 at a CAGR of 9.9%.

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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 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

North America was the largest region in the pressure transducer market in 2022.

The table of contents in TBRC’s pressure transducer market report includes:

1. Executive Summary
2. Pressure Transducer Market Characteristics
3. Pressure Transducer Market Trends And Strategies
4. Pressure Transducer Market – Macro Economic Scenario
5. Pressure Transducer Market Size And Growth

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26. Africa Pressure Transducer Market
27. Pressure Transducer Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Pressure Transducer Market
29. Pressure Transducer Market Future Outlook and Potential Analysis
30. Appendix

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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

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