Global Pressure Transducer Market Report 2023: Forecast Market Size, Growth Rate And Key Drivers
15 May, 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%.
Global Pressure Transducer Market Key Driver
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.
Get a Sample of the global pressure transducer market reportGlobal Pressure Transducer Market Segments
The global 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
4) By Geography: The regions covered in the pressure transducer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global pressure transducer market.
Major Pressure Transducer Industry Players
Panasonic Holdings Corporation, Sensata Technologies Incorported, ABB Limited, Honeywell International Incorporated, Validyne Engineering, Robert Bosch GmBH, NXP Semiconductors, Setra Systems Incorporated.
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Pressure Transducer Market Overview
A pressure transducer is an instrument that detects fluid pressure and indicates the force the fluid exerts on surfaces in contact with it. Pressure transducers are utilized in a wide range of control and monitoring applications, such as flow, airspeed, level, pump systems, and altitude monitoring.
Pressure Transducer Global Market Report 2023 provides data on the global pressure transducer market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The pressure transducer market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.