Global Pressure Sensor Market Research Report

Global Pressure Sensor Market

The GMI Research forecasts that the Pressure Sensor Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the robust demand in the automotive industry and the applications of artificial intelligence.

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Introduction of the Pressure Sensor Market:

A pressure sensor is a device sensing pressure and converting it into an electric signal where the amount depends upon the pressure applied. It helps to detect, measure, and transfer information, to analyze the performance of a device. It monitors and controls the pressure, typically of gases & liquids. It measures different types of pressures such as absolute, vacuum, gauge, and differential pressure among others.

Key Players of the Global Pressure Sensor Market:

· Rockwell Automation, Inc.

· Sensata Technologies, Inc.

· Siemens AG

· Johnson Controls International Plc

· Honeywell International Inc.

· Schneider Electric SE

· Robert Bosch GmbH

· Emerson Electric Co.

· ABB Ltd.

· Infineon Technologies AG

Pressure Sensor Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Growth in the global pressure sensor market is primarily driven by the augmenting establishment of smart homes, buildings, and cities, along with the increasing integration of the internet of things and connected smart home devices and the mounting implementation in consumer electronics such as cellular phones, portable computers, wearable electronic devices, and laptops. In addition, rising demand for miniaturized consumer devices, rising execution in several applications like HVAC systems, cooling & heating of battery management systems, supervising exhaust recirculation, tire pressure monitoring system (TPMS), and the high-performance gearbox applications, cars, and hybrid electric vehicles will pave the way for market growth. Furthermore, some other factors such as rapid industrialization, soaring need for mechanization in industries, and the strategic government regulations to mandate their usage in industries further strengthen the market size. In accordance with the International Energy Agency (IEA), electric cars, in 2019, registered 2.1 million sales across the world with a 40% year-on-year increase and reckoned for 2.6% of the car sales. This is thereby contributing to the market growth.

However, inflated installation and replacement costs may hinder the market growth. Additionally, the widespread outbreak of the coronavirus pandemic has adversely influenced the growth of various industries, including construction, automotive, oil & gas, due to the disturbance in the supply chain and manufacturing process.

Pressure Sensor Market Segmentation:

Segmentation by Application

· Automotive

· Medical

· Industrial

· Building and Home Automation

· Consumer Electronics

· Others

Segmentation by Pressure Measurement Type

· Absolute Pressure Sensor

· Gauge Pressure Sensor

· Differential Pressure Sensor

Segmentation by Technology

· Resistive

· Capacitive

· Piezoelectric

· Optical

· MEMS

Segmentation by Media Measurement Type

· Air Pressure Sensor

· Barometric Pressure Sensor

· Gas Pressure Sensor

· Water Pressure Sensor

· Liquid Pressure Sensor

· Pneumatic and Hydraulic Pressure Sensor

Segmentation by Region:

· North America

o United States of America

o Canada

· Asia Pacific

o China

o Japan

o India

o Rest of APAC

· Europe

o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

· RoW

o Brazil

o South Africa

o Saudi Arabia

o UAE

o Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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