Press release
Pressure Sensors Market Key Players Change the View of the Global Face of Industry by 2025-ABB Ltd., All Sensors Corporation, Bosch Sensortec GmbH
Pressure Sensors Market by Component, Application, Services, and Region- Forecast to 2025The Global Pressure Sensors Market Research Report 2021-2025 published by Market Insights Reports is a significant source of keen information for business specialists. It furnishes the Pressure Sensors business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Pressure Sensors worth chain and its wholesaler examination. Pressure Sensors Market study gives extensive information which upgrades the agreement, degree, and use of this report.
The pressure sensor market was valued at USD 5316.79 million in 2019 and is expected to reach USD 8931.87 million by 2025, registering a CAGR of 9.26% over the forecast period from 2020 to 2025.
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Top Leading Companies of Pressure Sensors Market are ABB Ltd., All Sensors Corporation, Bosch Sensortec GmbH, Endress+Hauser AG, GMS Instruments BV (GE Measurement & Control), Honeywell International Inc., Invensys Ltd, Kistler Group, Rockwell Automation Inc., Rosemount Inc. (Emerson Electric Company), Sensata Technologies Inc., Siemens Building Technologies AG (Siemens AG), Yokogawa Corporation and others.
-Pressure Sensors Market Analysis
-Industry News And Updates on Pressure Sensors Market-
North America is Expected to Hold Major Share
- Stringent government regulations regarding passenger safety and significantly growing automotive and aerospace industries are driving the market for pressure sensors in North America. For instance, the US government passed the TREAD Act to mandate the installation of the Tire Pressure Monitoring System (TPMS) in all automobiles so that drivers can be cautious about the under-inflation of automobiles within 20 minutes of its detection. The emergence of information technology, along with the growth in the usage of IoT across a wide range of manufacturing, industrial, and automotive applications, has added a new dimension to conducting business operations in the region.
-Key Market Trends Pressure Sensors Market-
Automotive is Expected to Hold Significant Share
- The automotive industry, which is undergoing a technology transformation, with a significant objective of increasing safety, comfort, and entertainment, provides ample opportunities for the pressure sensors. The miniature size of pressure sensors, such as MEMS, is influencing their demand in the automotive industry's design scheme, making them an essential factor for massive adoption. The miniature pressure sensors are best suited for measuring the pressure of the auto brake system, the pressure of the tires, the fluid pressure of the transmission system, the pressure of engine oil, and the pressure of intake pipe, as applications. Several parameters need to be controlled in the automotive sector, and pressure sensors add considerably to the developments of these aspects.
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