Press release
The Global Pressure Sensor Market Is Projected To Reach Usd 12.67 Billion By 2025, Growing At A Cagr Of 5.36% From 2017 To 2025 Top Key Players Are Emerson Electric , Abb, General Electric , Robert Bosch, Nxp Semiconductors, Omron , Siemens , Stmicroelect
The Global Pressure Sensor Market was valued at USD 7.92 billion in 2016 and is projected to reach USD 12.67 billion by 2025, growing at a CAGR of 5.36% from 2017 to 2025. A pressure sensor is a device for pressure measurement of gases or liquids. A pressure sensor usually acts as a transducer; it generates a signal as a function of the pressure imposed. Pressure sensors are used for control and monitoring in thousands of everyday applications and can also be used to indirectly measure other variables such as fluid or gas flow, speed, water level, and altitude.Request For Free Sample- https://www.kennethresearch.com/sample-request-10059690
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Stringent government regulations
1.2 Rising adoption of pressure sensors in consumer goods and wearables
1.3 Increasing demand from automotive and medical industries
1.4 Adoption of MEMS technology and IT in connected devices
1.5 Increasing need of IoT platform and remote connectivity
2. Market Restraints
2.1 High cost
2.2 Increasing regulatory barriers
2.3 Presence of Shock and vibration
Market Segmentation:
The Global Pressure Sensor Market is segmented on the By technology, product type, application, and region.
1. Technology:
1.1 Electromagnetic
1.2 Piezoresistive
1.3 Optical
1.4 Capacitive
1.5 Resonant
1.6 Others
2. By Product Type:
2.1 Vacuum
2.2 Absolute
2.3 Sealed
2.4 Differential
2.5 Gauge
3. By Application:
3.1 Oil & Gas
3.2 Automotive
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3.3 Medical
3.4 Industrial
3.5 Aviation
3.6 Consumer Electronics, Utilities
3.7 Marine
3.8 Others
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Honeywell
2. Emerson Electric
3. ABB
4. General Electric
5. Robert Bosch
6. NXP Semiconductors
7. Omron
8. Siemens
9. Stmicroelectronics
10. Infineon Technologies
11. Sensata Technologies
12. Denso
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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