Pressure Sensor Market 2023 : Trends, Business Growth And Major Driving Factors | ABB Ltd., Emerson Electric Co., Honeywell International Inc., Infineon Technologies, NXP Semiconductors, Rockwell Automation Inc.

The Pressure Sensor Global Market Report 2023, provides comprehensive information on the pressure sensor 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 Sensor Global Market Report 2023, the market size grew from $12.32 billion in 2022 to $13.83 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. 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 market size of the pressure sensor market is expected to grow to $20.27 billion in 2027 at a CAGR of 10.0%.

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Technological advancements are a key trend gaining popularity in the pressure sensor market. For instance, in 2021, BD Sensors GmbH, a Germany-based manufacturer of pressure sensors and pressure measurement devices, launched a DS5 electronic pressure switch. It has been designed for use in mobile working machines such as cranes, excavators, and harvesters, and provides operational safety in mobile working machines. It is available in the measuring ranges from 16 to 600 bar and is characterised by having a switching accuracy of 1% FSO and a high overload.

The pressure sensor market is segmented:

1) By Product Type: Absolute Pressure Sensor, Gauge Pressure Sensor, Differential Pressure Sensor, Other Product Types

2) By Technology: Piezoresistive, Capacitive, Resonant Solid-State, Electromagnetic, Optical, Piezoelectric, Other Technology

3) By Output: Analog, Digital

4) By Sensor Type: Wired, Wireless

5) By Application: Automotive, Industrial, Consumer Electronics, Healthcare, Oil And Gas, Aerospace And Defense, Other Applications

Top keyplayers

• ABB Ltd.
• Emerson Electric Co.
• Honeywell International Inc.
• Infineon Technologies
• NXP Semiconductors

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

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

1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure

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20. Key Mergers and Acquisitions
21. Opportunities And Strategies
22. Pressure Sensor Market, Conclusions And Recommendations
23. Appendix

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