Press release
Global Linear Variable Displacement Transducers (LVDT) Market to Witness a Pronounce Growth During 2024– Top Key players like Honeywell,AMETEK,Sensonics,Inc.
This report focuses on the key global Linear Variable Displacement Transducers (LVDT) players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Linear Variable Displacement Transducers (LVDT) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Linear Variable Differential Transformers (LVDT) are non-contact, absolute position sensors. They include a transformer housed into a metal case and a ferromagnetic core which can be attached to an extension rod. The core slides inside the spool tube (also called boreliner) of the transformer. The transformer contains the coil assembly with primary and secondary windings and, in the case of DC LVDTs, the signal conditioning electronics as well.
The market is growing at a very rapid pace and with rise in technological innovation, competition and M&A activities in the industry many local and regional vendors are offering specific application products for varied end-users. The new manufacturer entrants in the market are finding it hard to compete with the international vendors based on quality, reliability, and innovations in technology.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
According to this study, over the next five years the Linear Variable Displacement Transducers (LVDT) market will register a 6.1% CAGR in terms of revenue, the global market size will reach US$ 906.1 million by 2024, from US$ 673.3 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Linear Variable Displacement Transducers (LVDT) business, shared in Chapter 3.
Market Segment by Manufacturers, this report covers
TE Connectivity
Honeywell
Sensata Technologies (Kavlico)
AMETEK
Curtiss-Wright
Micro-Epsilon
Meggitt (Sensorex)
Hoffmann + Krippner (Inelta)
G.W. Lisk Company
OMEGA (Spectris)
Sensonics
Monitran
WayCon Positionsmesstechnik
Active Sensors
LORD Corporation
Market Segment by Type, covers
AC Input-AC Output LVDT
DC Input-DC Output LVDT
Market Segment by Applications, can be divided into
Military/Aerospace
Power generation
Petrochemical
Automotive Industry
Others
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Related Information:
North America Linear Variable Displacement Transducers (LVDT) Market Growth 2019-2024
United States Linear Variable Displacement Transducers (LVDT) Market Growth 2019-2024
Asia-Pacific Linear Variable Displacement Transducers (LVDT) Market Growth 2019-2024
Europe Linear Variable Displacement Transducers (LVDT) Market Growth 2019-2024
EMEA Linear Variable Displacement Transducers (LVDT) Market Growth 2019-2024
Global Linear Variable Displacement Transducers (LVDT) Market Growth 2019-2024
China Linear Variable Displacement Transducers (LVDT) Market Growth 2019-2024
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