“Global Pressure Sensor Market Report and Forecast 2022-2027”
The global pressure sensor market is driven by the increasing demand for absolute pressure sensors during the forecast period 2022-2027
Expert Market Research’s new report, titled Global Pressure Sensor Market Size, Share, Price, Trends, Growth, Analysis, Industry, Report and Forecast 2022-2027, provides in-depth analysis of the global pressure sensor market and ranks the market based on it on its segments such as type, technology, application and major regions.
The report tracks the latest trends in the industry and examines their impact on the overall market. It also assesses the market dynamics, covers the main demand and price indicators and analyzes the market based on the SWOT and Porter Five Forces models.
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Key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 10.3%
The growth of the pressure sensor market is supported by the increasing adoption of IoT (Internet of Things) solutions, which are a key element driving the global demand. Pressure sensors are used in smart homes and other wearable devices such as smartwatches and biosensors to help users measure their health, such as: B. their heart rate and oxygen levels. Also, the rapid industrialization and technological growth that make pressure sensors suitable for biomedical applications and wireless communication solutions are leading to growth of the market.
Industry definition and main segments
Pressure is the force exerted by a liquid or gas on a surface, measured by a pressure sensor. A pressure sensor consists of a pressure-sensitive element that is used to determine pressure levels and then convert that information into an electrical signal. The type of pressure measurement, the applied measuring principle and the output signal distinguish these instruments.
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By type, the market can be roughly segmented into:
- absolute pressure sensor
- gauge pressure sensor
- differential pressure sensor
The pressure sensors market can be broadly segmented based on technology into:
- Resonant state
Market Segmentation by Application:
- oil and gas
- consumer electronics
On the basis of region, the market can be segmented into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
In the forecast period, expanding the increasing use of pressure sensors in household appliances such as refrigerators and washing machines. Also, the market is expected to grow as home and building automation technologies become more prevalent and the need to maintain relative duct pressure levels increases. The increasing number of smart homes is also supporting the growth of the pressure sensor market.
Important market participants
The major players in the market are Honeywell International Inc., Emerson Electric Co., Sensata Technologies, Inc., BD|SENSORS GmbH, ChampionX Corporation and others. The report covers the market shares, capacities, asset turnover, expansions, investments and mergers and acquisitions among other latest developments of these market players.
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*We at Expert Market Research always strive to bring you the latest information. The figures in the article are only indicative and may differ from the actual report.
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