Chat with us, powered by LiveChat

Loading...

Pressure Transducer Market Report

RA08519

Pressure Transducer Market by Technology Type (Piezoresistive Strain Gauge, Capacitance, and Others), Pressure Type (Absolute Pressure, Gauge Pressure, and Differential Pressure), End-use (Automotive, Consumer Electronics, Industrial, Healthcare, Oil & Gas, and Others), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2021–2028

RA08519

Pages: 228

Nov 2021

COVID-19

pandemic has shown to have an enormous impact on most
industries.

Click Here to access our comprehensive analysis of the

Impact of covid-19 on Pressure Transducer Market

Pressure Transducer Market Analysis

The global pressure transducer market is anticipated to garner $9,986.2 million in the 2021–2028 timeframe, growing from $6,271.8 million in 2020, at a healthy CAGR 6.1%.

Market Synopsis

The pressure transducer market is expected to grow due to product advancements, acquisitions, and business expansion by key market players to increase the adoption of pressure transducer for various applications.

However, high cost associated with the pressure transducer may hinder the growth.

According to the regional analysis of the market, the Asia-Pacific pressure transducer market is anticipated to grow at a CAGR of 7.0%, by generating a revenue of $2,450.6 million during the review period.

Pressure Transducer Market Insight

 A pressure transduce is a device that converts pressure into an analogue electrical signal. Although there are many different types of pressure transducers such as absolute, gauge, differential, and multivariable transmitter, the strain-gage base transducer is one of the most common. Pressure transducers typically have three electrical output options: millivolt, amplified voltage, and 4-20mA. These transducers are widely used in a variety of residential and commercial applications where pressure measurement is required, such as HVAC, pumps, vehicles, and aircraft. They are also known as pressure sensors and pressure transmitters.

COVID-19 Impact on Pressure Transducer Market

The global coronavirus pandemic has had a profound impact on the lives of many people in nearly every country. During the pandemic, the pressure transducer industry globally suffered a loss. The COVID-19 pandemic struck, endangering lives, disrupting supply chains and employees, and closing factories. The economic slowdown has had a negative impact on the auto industry, resulting in sharp drops in demand and sales of pressure transducers. This is one of the major factors affecting the global pressure transducer market. As a result, demand for pressure sensors from these industries decreased, having a negative impact on the pressure sensor market's growth. The outbreak of COVID-19 has prompted lockdowns in a number of countries around the world, as well as the closure of international borders and the implementation of stringent measures by regulatory authorities in a number of countries, resulting in a significant drop in global demand for automotive pressure sensors. COVID-19 has a high likelihood of having a long-term impact on consumers' standard of living and preferences. It may also result in a decrease in vehicle usage due to increased awareness of social distancing and the adoption of a remote working policy. Furthermore, restrictions on public gatherings and travel bans in several countries are expected to limit market growth for automotive pressure sensors over the forecast period.

Growing Demand for Industrial Automation and Optimal Pressure type Utilization Is Expected to Drive Market Growth.

In industrial automation and process control, monitoring and maintaining process parameters at appropriate levels is critical. Industrial automation lowers operational costs, improves product quality, boosts productivity, and addresses industrial health and safety issues across a wide range of process industries. Both the discrete and process industries have increased their efforts to implement best practices in order to reduce waste and improve plant efficiency. In an industrial setting, a pressure transmitter measures vital parameters such as pressure, flow, and level on a continuous or periodic basis. These systems also collect data from other field instruments, and the information gathered from all of these devices is analyzed and used to improve process efficiency, reduce maintenance requirements, and boost overall productivity. In industrial automation and process control, monitoring and maintaining process parameters at appropriate levels is critical. Industrial automation lowers operational costs, improves product quality, boosts productivity, and addresses industrial health and safety issues across a wide range of process industries. In addition

To know more about global pressure transducer market drivers, get in touch with our analysts here.

Intense Pricing Pressure Can Restrain Market Growth

While the widespread use of pressure transducer in automated intelligent controls and wearable electronics leads to increased shipment, sales growth is significantly hampered by price erosion. This is due to, in part, to the intense competition among the growing number of sensor manufacturers, which results in rapid innovation in new portable, consumer products.

The Growing Demand for Automobiles Will Offer Immense Growth Potential

Sensors used in automotive applications such as emission control, battery control, and occupant detection have seen rapid growth in recent years. In addition, the sensors are also used in automotive sector is to measure the pressure inside the manifold as well as the outside air pressure because air is drawn in from the surrounding area. The barometric pressure sensor can have a significant impact on the fuel mixture. The growth of this industry in APAC is expected to be significant in the coming years due to factors such as low automotive penetration in comparison to other regions, rising disposable incomes, and subsequent increase in vehicle adoption in these emerging economies. Growing environmental and safety concerns, as a result of increasing vehicle numbers, are forcing governments in developed regions to impose stringent vehicle emission and safety standards. As a result, an increasing number of vehicles are equipped with various safety systems such as EGR, ABS, and airbags, all of which require pressure sensors to function. As a result, the rising demand for automobiles will have a positive impact on the growth of the pressure transducers market during the forecast period. In addition

To know more about global pressure transducer market opportunities, get in touch with our analysts here.

Pressure Transducer Market
By Type

Your browser does not support the canvas element.

Based on technology type, the market has been divided into Piezoresistive Strain Gauge, capacitance pressure transducer, and others. Piezoresistive Strain Gauge sub-segment accounted for the highest revenue share in 2020, and capacitance sub-segment is predicted to show the fastest growth during the forecast period. Download PDF Sample Report

Source: Research Dive Analysis

The piezoresistive strain gauge sub-segment is anticipated to have a dominant market share and generate a revenue of $4436.6 million by 2028, growing from $2825.8 million in 2020. Pressure sensors are those that operate on the piezoresistive effect; piezoelectric pressure sensors are also known as strain gauge pressure measurement sensors. Increased vehicle demand in developing countries, as well as rising governmental concerns about safety, are assisting the piezoresistive strain gauge growth, and nanotechnology applications will have a positive impact on market growth in the coming years. The strain/pressure applied to the strain gauge is detected by piezoelectric pressure sensors. The introduction of a wide range of products into the piezoresistive strain gauge is also a growing trend among manufacturers of the pressure transducer.

The capacitance sub-segment is anticipated to have the fastest growth and generate a revenue of $3679.3 million by 2028, growing from $2209.6 million in 2020, with the healthy CAGR of 6.7%. Capacitive pressure sensors detect changes in electrical capacitance caused by diaphragm movement. With advancements in MEMS (micro-electromechanical systems) technology, the miniaturization of capacitive pressure sensors has increased their applications in a wide range of industries. Capacitive pressure sensors' production costs have been reduced due to miniaturization. As a result, the capacitive pressure sensor is expanding due to its low cost, high efficiency, and wide range of applications.

Pressure Transducer Market
By Pressure Type

Your browser does not support the canvas element.

Based on pressure type, the analysis has been divided Absolute Pressure, gauge pressure, and differential pressure measurement. Out of these, Absolute Pressure sub-segment is predicted to be the most dominant and gauge pressure sub-segment is anticipated to show the fastest growth during the forecast period.

Source: Research Dive Analysis

The absolute pressure sub-segment of the global pressure transducer market is anticipated to have a dominant market share and surpass $4,095.0 million by 2028, with an increase from $2,509.5 million in 2020. Absolute pressure sensor is a type of sensor used for absolute measurement of air or gas pressure by measuring target pressure relative to known pressure of an absolute vacuum. These sensors are largely used in the automobile sector to measure biometric pressure and inform powertrain control module about the engine load. The information given to powertrain control module is used to maintain & adjust fuel enrichment and ignition timing under different operating conditions. The increased demand for error-free engine functionality in order to manufacture more secure vehicles is a major factor driving the absolute pressure sub-segment growth.

The gauge pressure sub-segment of the global pressure transducer market is anticipated to have the fastest growth and surpass $3,678.4 million by 2028, with an increase from $2,194.8 million in 2020, with highest CAGR of 6.8%. Pressure gauges are used to measure fluid pressure in a variety of applications. There has been an increasing adoption of the pressure gauges in various industries such as in automotive as air pressure sensor, in healthcare as blood pressure devices, and others. Food and beverage (F&B), mining, metal processing, and consumer goods sectors also have witnessed an increase in the adoption of pressure gauges. Hence, these are some of the key factors that help in market growth. Thus, the gauge pressure sub-segment is anticipated to have fastest growing rate.

Pressure Transducer Market
By End Use

Your browser does not support the canvas element.

Based on end-use, the analysis has been divided into Automotive, consumer electronics, industrial, healthcare, oil & gas, and others. Among these, Automotive is predicted to be the most dominant sub-segment and industrial sub-segment is anticipated to have the fastest growth during the forecast period.

Source: Research Dive Analysis

The automotive sub-segment of the global pressure transducer market is anticipated to have a dominant market share and surpass $2,396.0 million by 2028, with an increase from $1,544.0 million in 2020. The rising demand for passenger vehicles in emerging markets as a result of significant economic growth, as well as the increasing adoption of advanced automotive technologies such as TPMS, ABS, ESC, and airbags in the passenger vehicle segment, are expected to drive market sub-segment growth. Additionally, the rising disposable income and subsequent increase in vehicle adoption in emerging economies such as India, as well as the booming production of electric vehicles in China, will have a significant impact on the growth of the automotive pressure sensors market in this region.

The industrial sub-segment of the global pressure transducer market is anticipated to have the fastest growth and surpass $1,728.4 million by 2028, with an increase from $1,008.0 million in 2020, with the CAGR 7.1%. A pressure sensor is a device designed to test the specific pressure of a physical medium, typically a gas or liquid, but it can also be a pressure applied by direct contact between the sensor and a solid object. Industrial pressure sensors are constructed with a strong (usually metallic) casing that is resistant to physical damage and corrosion from elements such as liquids and gases. They are also designed to be highly resistant to any electrical effects from outside their casing. Electrical and pressure connector fittings are also tough and resistant to damage. The use of pressure transducer in industrial application is increasing continuously as it is designed for use in a broad range of production and process applications. Hydraulics, compressors, automation, manufacturing, geotechnical, utilities, power stations, materials testing, and agriculture are examples of typical application areas.

Pressure Transducer Market
By Region

Your browser does not support the canvas element.

The pressure transducer market was investigated across North America, Europe, Asia-Pacific, and LAMEA.

Source: Research Dive Analysis

The Market for Pressure Transducer in North America to be the Most Dominant

The North America pressure transducer market accounted $2,502.4 million in 2020 and is projected to register a revenue of $3,858.7 million by 2028. A pressure sensor detects, measures, and transmits information, which aids in the analysis of a device's performance. The pressure sensors market is being driven by rising demand from the automotive sector, which uses pressure sensors for a variety of applications such as TPMS and EGR system exhaust gas pressure. Government mandates requiring the use of pressure sensors in automobiles have also contributed to an increase in demand for pressure transducer. Safety mandates in North America are major market drivers, influencing the growth of the region's pressure transducer market.

The Market for Pressure Transducer in Asia-Pacific to be the Most Lucrative

The Asia-Pacific pressure transducer market forecast accounted $1,436.9 million in 2020 and is projected to register a revenue of $2,450.6 million by 2028. The Asia-Pacific pressure transducer market is expected to grow at a significant CAGR 7.0%, over the forecast period. Due to the presence of key market players, technological advancements, and the growth of process industries in the region, the market is expected to witness growth. The Asia-Pacific pressure transducer market is expected to grow favorably during the forecast period as a result of the adoption of industrial automation and optimum utilization to achieve high-performance efficiencies to achieve optimization and reduce performance failures in the automated industry.

Competitive Scenario in the Global Pressure Transducer Market

Product advancements, innovations, and business expansion are common strategies followed by major market players.

Competitive Scenario in the Global Pressure Transducer Market

Source: Research Dive Analysis

Some of the leading pressure transducer market players are Panasonic Corporation, Sensata Technologies, Inc, ABB Ltd, Honeywell International Inc, Validyne Engineering, Robert Bosch Gmbh, NXP semiconductors, Setra Systems, Inc. (Fortive), ControlAir, Inc., and Kulite Semiconductor Products Inc.

Porter’s Five Forces Analysis for the Global Pressure Transducer Market:

  • Bargaining Power of Suppliers: The number of suppliers operating in the global pressure transducer market is large, and they are much larger and more globalized.
    Thus, the bargaining power of the supplier is low.
  • Bargaining Power of Buyers: Buyers want a low-cost pressure transducer that is effective. This has increased the pressure on pressure transducer manufacturers to provide products at a low cost. As a result, many suppliers have begun to offer the best yet most cost-effective pressure transducer. This allows buyers to freely select the pressure transducer that best suits their needs.
    Thus, the bargaining power of the buyers is high.
  • Threat of New Entrants: To attract customers, companies entering the global pressure transducer market are implementing technological innovations. Furthermore, these companies are implementing a variety of effective strategies and government support is available in some countries. 
    Thus, the threat of the new entrants is high.
  • Threat of Substitutes: There are very few substitutes of pressure transducer types available in the market and are less efficient and at initial stages of development compared to pressure transducer.
    Thus, the threat of substitutes is low.
  • Competitive Rivalry in the Market: The competitive rivalry among industry leaders is intense, owing to the large number of players in the pressure transducer industry who are focused to improve transducer efficiency, business expansion, and product innovations.
    Therefore, competitive rivalry in the market is high.

Aspect

Particulars

  Historical Market Estimations

  2019-2020

  Base Year for Market Estimation

  2020

  Forecast Timeline for Market Projection

  2021-2028

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Technology Type

  • Piezoresistive Strain Gauge
  • Capacitance
  • Others

  Segmentation by Pressure Type

  • Absolute Pressure
  • Gauge Pressure
  • Differential Pressure

  Segmentation by Pressure End-use

  • Automotive
  • Consumer Electronics
  • Industrial
  • Healthcare
  • Oil & Gas
  • Others

 

  Key Companies Profiled

  • Panasonic Corporation.
  • Sensata Technologies, Inc
  • ABB Ltd
  • Honeywell International Inc,
  • Validyne Engineering
  •  Robert Bosch Gmbh
  •  NXP semiconductors
  • Setra Systems, Inc. (Fortive)
  • ControlAir, Inc.
  •  Kulite Semiconductor Products Inc.

Frequently Asked Questions
 

A. The size of the global pressure transducer market was over $ 6,271.8 million in 2020 and is projected to reach $ 9,986.2 million by 2028.

A. Sensata Technologies, Inc, ABB Ltd, and Honeywell International Inc., are some of the major companies operating in the global pressure transducer market.

A. The Asia-Pacific region possesses great investment due to high pressure transducer market opportunity for investors to witness the most promising growth in the future.

A. The growth rate of the Asia-Pacific pressure transducer market is 7.0%.

A. Product innovations, technological advancements, and business expansions are the key strategies opted by the operating companies in this market.

A. NXP semiconductors, Sensata Technologies, Inc, ABB Ltd, and Honeywell International Inc., are some of the major companies are investing more on R&D practices.

A. Transducers range in price from $400 to more than $1,000 per unit. Semiconductor pressure transducers range in price from $250 to more than $800 per unit.

A. Sensata Technologies, Inc, ABB Ltd, NXP semiconductor are some of the major player present in the market who make pressure transducers.

A. Pressure transducers are used in any fluid power application that necessitates a high-resolution and accurate electronic pressure measurement.

A. The advancement of microelectromechanical (MEMS) sensors is a major driving factor for the growth of the pressure sensor market. Advances in nanoelectromechanical system (NEMS) technology, as well as large-scale adoption of Internet of Things (IoT) platforms and remote connectivity, present opportunities for pressure sensor manufacturers.

A. Pressure transmitters can be categorized into four main types Gauge Pressure Transmitter, Absolute Transmitters, Differential-Pressure Transmitter, Multivariable Pressure Transmitters.

A. United States, Germany, United kingdom, China re some of the leading countries that are operating in the global pressure transducer market.

1.Research Methodology

1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters

1.4.1.Assumptions
1.4.2.Forecast parameters

1.5.Data sources

1.5.1.Primary
1.5.2.Secondary

2.Executive Summary

2.1.360° summary
2.2.By technology trends
2.3.By pressure type trends
2.4.By end-user trends

3.Market overview

3.1.Market segmentation & definitions
3.2.Key takeaways

3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.Porter’s five forces analysis

3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market

3.4.Market dynamics

3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities

3.5.End Use landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Strategic overview

4.Pressure Transducer, by Technology

4.1.Piezoresistive Strain Gauge

4.1.1.Market size and forecast, by region, 2020-2028
4.1.2.Comparative market share analysis, 2020 & 2028

4.2.Capacitance

4.2.1.Market size and forecast, by region, 2020-2028
4.2.2.Comparative market share analysis, 2020 & 2028

4.3.Others

4.3.1.Market size and forecast, by region, 2020-2028
4.3.2.Comparative market share analysis, 2020 & 2028

5.Pressure Transducer, by Pressure Type

5.1.Absolute Pressure

5.1.1.Market size and forecast, by region, 2020-2028
5.1.2.Comparative market share analysis, 2020 & 2028

5.2.Gauge Pressure

5.2.1.Market size and forecast, by region, 2020-2028
5.2.2.Comparative market share analysis, 2020 & 2028

5.3.Differential Pressure

5.3.1.Market size and forecast, by region, 2020-2028
5.3.2.Comparative market share analysis, 2020 & 2028

6.Pressure Transducer, by End Use

6.1.Automotive 

6.1.1.Others Market size and forecast, by region, 2020-2028
6.1.2.Comparative market share analysis, 2020 & 2028

6.2.Consumer Electronics

6.2.1.Market size and forecast, by region, 2020-2028
6.2.2.Comparative market share analysis, 2020 & 2028

6.3.Industrial

6.3.1.Market size and forecast, by region, 2020-2028
6.3.2.Comparative market share analysis, 2020 & 2028

6.4. Healthcare

6.4.1.Market size and forecast, by region, 2020-2028
6.4.2.Comparative market share analysis, 2020 & 2028

6.5. Oil and Gas 

6.5.1.Market size and forecast, by region, 2020-2028
6.5.2.Comparative market share analysis, 2020 & 2028

6.6.Others

6.6.1.Market size and forecast, by region, 2020-2028
6.6.2.Comparative market share analysis, 2020 & 2028

7.Pressure Transducer, by Region

7.1.North America

7.1.1.Market size and forecast, by Component, 2020-2028
7.1.2.Market size and forecast, by Application, 2020-2028
7.1.3.Market size and forecast, by End Use, 2020-2028
7.1.4.Market size and forecast, by Country, 2020-2028
7.1.5.Comparative market share analysis, 2020 & 2028

7.1.6.U.S.

7.1.6.1.Market size and forecast, by Component, 2020-2028
7.1.6.2.Market size and forecast, by Application, 2020-2028
7.1.6.3.Market size and forecast, by End Use, 2020-2028

7.1.7.Canada

7.1.7.1.Market size and forecast, by Component, 2020-2028
7.1.7.2.Market size and forecast, by Application, 2020-2028
7.1.7.3.Market size and forecast, by End Use, 2020-2028

7.1.8.Mexico

7.1.8.1.Market size and forecast, by Component, 2020-2028
7.1.8.2.Market size and forecast, by Application, 2020-2028
7.1.8.3.Market size and forecast, by End Use, 2020-2028

7.2.Europe

7.2.1.Market size and forecast, by Component, 2020-2028
7.2.2.Market size and forecast, by Application, 2020-2028
7.2.3.Market size and forecast, by End Use, 2020-2028
7.2.4.Market size and forecast, by Country, 2020-2028
7.2.5.Comparative market share analysis, 2020 & 2028

7.2.6.Germany 

7.2.6.1.Market size and forecast, by Component, 2020-2028
7.2.6.2.Market size and forecast, by Application, 2020-2028
7.2.6.3.Market size and forecast, by End Use, 2020-2028

7.2.7.UK

7.2.7.1.Market size and forecast, by Component, 2020-2028
7.2.7.2.Market size and forecast, by Application, 2020-2028
7.2.7.3.Market size and forecast, by End Use, 2020-2028

7.2.8.France

7.2.8.1.Market size and forecast, by Component, 2020-2028
7.2.8.2.Market size and forecast, by Application, 2020-2028
7.2.8.3.Market size and forecast, by End Use, 2020-2028

7.2.9.Italy

7.2.9.1.Market size and forecast, by Component, 2020-2028
7.2.9.2.Market size and forecast, by Application, 2020-2028
7.2.9.3.Market size and forecast, by End Use, 2020-2028

7.2.10.Spain

7.2.10.1.Market size and forecast, by Component, 2020-2028
7.2.10.2.Market size and forecast, by Application, 2020-2028
7.2.10.3.Market size and forecast, by End Use, 2020-2028

7.2.11.Rest of Europe

7.2.11.1.Market size and forecast, by Component, 2020-2028
7.2.11.2.Market size and forecast, by Application, 2020-2028
7.2.11.3.Market size and forecast, by End Use, 2020-2028

7.3.Asia-Pacific

7.3.1.Market size and forecast, by Component, 2020-2028
7.3.2.Market size and forecast, by Application, 2020-2028
7.3.3.Market size and forecast, by End Use, 2020-2028
7.3.4.Market size and forecast, by country, 2020-2028
7.3.5.Comparative market share analysis, 2020 & 2028

7.3.6.China

7.3.6.1.Market size and forecast, by Component, 2020-2028
7.3.6.2.Market size and forecast, by Application, 2020-2028
7.3.6.3.Market size and forecast, by End Use, 2020-2028

7.3.7.Japan 

7.3.7.1.Market size and forecast, by Component, 2020-2028
7.3.7.2.Market size and forecast, by Application, 2020-2028
7.3.7.3.Market size and forecast, by End Use, 2020-2028

7.3.8.India 

7.3.8.1.Market size and forecast, by Component, 2020-2028
7.3.8.2.Market size and forecast, by Application, 2020-2028
7.3.8.3.Market size and forecast, by End Use, 2020-2028

7.3.9.South Korea

7.3.9.1.Market size and forecast, by Component, 2020-2028
7.3.9.2.Market size and forecast, by Application, 2020-2028
7.3.9.3.Market size and forecast, by End Use, 2020-2028

7.3.10.Australia 

7.3.10.1.Market size and forecast, by Component, 2020-2028
7.3.10.2.Market size and forecast, by Application, 2020-2028
7.3.10.3.Market size and forecast, by End Use, 2020-2028

7.3.11.Rest of Asia Pacific

7.3.11.1.Market size and forecast, by Component, 2020-2028
7.3.11.2.Market size and forecast, by Application, 2020-2028
7.3.11.3.Market size and forecast, by End Use, 2020-2028

7.4.LAMEA

7.4.1.Market size and forecast, by Component, 2020-2028
7.4.2.Market size and forecast, by Application, 2020-2028
7.4.3.Market size and forecast, by End Use, 2020-2028

7.4.4.Latin America 

7.4.4.1.Market size and forecast, by Component, 2020-2028
7.4.4.2.Market size and forecast, by Application, 2020-2028
7.4.4.3.Market size and forecast, by End Use, 2020-2028

7.4.5.Middle East

7.4.5.1.Market size and forecast, by Component, 2020-2028
7.4.5.2.Market size and forecast, by Application, 2020-2028
7.4.5.3.Market size and forecast, by End Use, 2020-2028

7.4.6.Africa

7.4.6.1.Market size and forecast, by Component, 2020-2028
7.4.6.2.Market size and forecast, by Application, 2020-2028
7.4.6.3.Market size and forecast, by End Use, 2020-2028

8.Company profiles

8.1.Panasonic Corporation

8.1.1.Business overview
8.1.2.Financial performance
8.1.3.Product portfolio
8.1.4.Recent strategic moves & developments
8.1.5.SWOT analysis

8.2.Sensata Technologies, Inc.

8.2.1.Business overview
8.2.2.Financial performance
8.2.3.Product portfolio
8.2.4.Recent strategic moves & developments
8.2.5.SWOT analysis

8.3.ABB Ltd

8.3.1.Business overview
8.3.2.Financial performance
8.3.3.Product portfolio
8.3.4.Recent strategic moves & developments
8.3.5.SWOT analysis

8.4.Honeywell International Inc.

8.4.1.Business overview
8.4.2.Financial performance
8.4.3.Product portfolio
8.4.4.Recent strategic moves & developments
8.4.5.SWOT analysis

8.5.Validyne Engineering

8.5.1.Business overview
8.5.2.Financial performance
8.5.3.Product portfolio
8.5.4.Recent strategic moves & developments
8.5.5.SWOT analysis

8.6.Robert Bosch Gmbh

8.6.1.Business overview
8.6.2.Financial performance
8.6.3.Product portfolio
8.6.4.Recent strategic moves & developments
8.6.5.SWOT analysis

8.7.NXP semiconductors

8.7.1.Business overview
8.7.2.Financial performance
8.7.3.Product portfolio
8.7.4.Recent strategic moves & developments
8.7.5.SWOT analysis

8.8.Setra Systems, Inc.( Fortive)

8.8.1.Business overview
8.8.2.Financial performance
8.8.3.Product portfolio
8.8.4.Recent strategic moves & developments
8.8.5.SWOT analysis

8.9.ControlAir, Inc.

8.9.1.Business overview
8.9.2.Financial performance
8.9.3.Product portfolio
8.9.4.Recent strategic moves & developments
8.9.5.SWOT analysis

8.10.Kulite Semiconductor Products Inc.

8.10.1.Business overview
8.10.2.Financial performance
8.10.3.Product portfolio
8.10.4.Recent strategic moves & developments
8.10.5.SWOT analysis

A pressure transducer is device that measures the pressure and converts it into an analogue electric signal, typically with the help of physical deformation of strain gauges. The strain creates an electrical resistance, altering proportional to the pressure. There are multiple types of pressure transducers but strain-gauge base transducer is one of the most prevalent ones among them. Pressure transducer are extensively used in a number of residential and commercial applications including vehicles, aircrafts, HVAC, pumps, and others.

Forecast Analysis of the Global Pressure Transducer Market

There has been a growing need for industrial automation among companies across the globe, owing to the various benefits provided by automation like increased productivity, enhanced product quality, lowered overall operational cost, and others. This factor is expected to bolster the growth of the pressure transducer market during the forecast period. In addition, surging demand for automobiles equipped with innovative sensors and other features is further expected to create massive opportunities for the growth of the pressure transducer market during the forecast period. However, severe pricing pressure is expected to hinder the growth of the market during the forecast period.

According to the report published by Research Dive, the global pressure transducer market is expected to generate a revenue of $9,986.2 million by 2028, growing exponentially at a CAGR of 6.1% during the forecast period 2021-2028. The major players of the market include ABB Ltd., Panasonic Corporation, NXP Semiconductors, Honeywell International Inc., Validyne Engineering, Sensata Technologies Inc., Setra Sytems Inc., ControlAir Inc., Kulite Semiconductors Product Inc., ControlAir Inc., Robert Bosch GmbH, and many more.

Key Developments

The key companies operating in the industry are adopting various growth strategies & business tactics such as partnerships, collaborations, mergers & acquisitions, and launches to maintain a robust position in the overall market, which is subsequently helping the global pressure transducer market to grow exponentially.

For instance, in March 2020, TE Connectivity, an American Swiss-domiciled technology company that designs and manufactures connectors and sensors, acquired First Sensor AG, one of the world's leading suppliers in the field of sensor systems, in order to facilitate and expedite TE Connectivity’s market expansion opportunity.

In September 2020, Baumer’s innovative product PP20H pressure sensor was selected as the winner of the Innovations Showcase Award in the dairy product category at the Process Expo that took place in Chicago by a panel of experts from the food processing industry. They highlighted some of the distinctive features of the product including the availability of digital IO-Link interface along with an additional analog output, making it more flexible than any other pressure sensor.

In September 2019, TE Connectivity, an innovative technology company engaged in designing and manufacturing connectors and sensors, acquired Silicon Microstructures, Inc., an ISO/IATF certified premier developer and manufacturer of MEMS-based pressure sensors, in order to maximize TE’s presence in the global pressure transducer market.

Most Profitable Region

The North America region is expected to be most profitable and generate a revenue of $3,858.7 million during the forecast period. Increasing demand for pressure sensors in the automotive sector in this region is expected to stimulate the growth of the market during the forecast period. In addition, prevalence of prominent players of the market in this region is expected to bolster the growth of the regional pressure transducer market during the forecast period.

COVID-19 Impact on the Global Pressure Transducer Market

The outbreak of COVID-19 has had an adverse impact on the growth of the global pressure transducer market, owing to the prevalence of lockdowns in various countries across the globe. Lockdowns led to the closure of various industries across the globe, disrupting supply chains, employees, and other elements of the business. In addition, stringent import and export restrictions imposed by the government made procurement of raw materials extremely difficult. Thus, the pandemic has had a negative impact on the growth of the market.

Purchase Options

Personalize this research

  • Triangulate with your own data
  • Request your format and definition
  • Get a deeper dive on a specific application, geography, customer or competitor
10% Off on Customization
Contact Us

Customers Also Viewed