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Pressure Transducer Global Market Report 2024
Pressure Transducer Market Size
As per the report, the pressure transducer market size has grown rapidly in recent years. It will grow from $7.08 billion in 2023 to $7.83 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The pressure transducer market size is expected to see rapid growth in the next few years. It will grow to $11.59 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%.
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Automotive Growth Fuels Pressure Transducer Market
The growth of the automobile sector is expected to propel the growth of the pressure transducer market. The automotive industry refers to the companies linked with the manufacturing, selling, and maintenance of motor vehicles. The pressure transducer is used in the automobile industry as an electronic pressure sensor to monitor the pressure of the vehicle's vital components, such as engine oil, gearbox, and transmission oil, and hydraulic oil in the braking system, cooling system, and fuel systems. For instance, in July 2022, according to the European Automobile Manufacturers Association, a group of the automobile industry in the European Union, in 2021, automobile trade generated an annual trade of $81.7 billion (€79.5 billion) for the European Union, an increase of 4.6%. Therefore, the growth of the automobile sector will drive the pressure transducer market.
Xidas Unveils Industry First Smart Microfluidics In-Line Sensor, Revolutionizing Pressure Transducer Market
Technological innovation is the key trend gaining popularity in the pressure transducer market. Major companies operating in the pressure transducer market are focused on developing technologically advanced products to sustain their market position. For instance, Xidas Inc., a US-based tech company announced the industry's first smart microfluidics in-line pressure sensor with near-zero dead volume. The "Pascal" family of sensors from Xidas are low voltage, fully digital, have the on-board computation, and provide real in-line fluid sensing with less than 0.1 microliters of dead volume. They are designed for in-line monitoring of ultra-small amounts of fluid. Wearable medication delivery solutions, mobile diagnostics devices, in-line process monitors, tiny catheters, and high throughput biological systems can all benefit from Xidas' small volume sensors.
The pressure transducer market covered in this report is segmented -
1) By Pressure: Absolute Pressure, Gauge Pressure, Differential Pressure
2) By Technology: Capacitive, Piezo Resistive, Thin Film, Ceramic Thick Film, Mems, Oil-Filled
3) By End-User: Automotive, Healthcare, Consumer Electronics, Oil and Gas
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Major companies operating in the pressure transducer market report are Panasonic Holdings Corporation, Sensata Technologies Incorporated, ABB Limited, Honeywell International Incorporated, Validyne Engineering, Robert Bosch GmbH, NXP Semiconductors, Setra Systems Incorporated, ControlAir Incorporated, Kulite Semiconductor Products Incorporated, TE Connectivity Ltd., Endress+Hauser AG, Schneider Electric SE, Yokogawa Electric Corporation, Kistler Instrument Corporation, Emerson Electric Co., WIKA Instruments LP, Spectris plc, Hitec Products Inc., LCM Systems Limited, Zemic Group, Bosch Sensortec GmbH, All Sensors Corporation, Thermo Fisher Scientific Inc., Rockwell Automation Inc., Siemens Building Technologies AG, Omron Corporation, First Sensor AG, Gems Sensors Inc., Kavlico Corporation, Ashcroft Inc. .
Contents of the report:
1. Executive Summary
2. Pressure Transducer Market Report Structure
3. Pressure Transducer Market Trends And Strategies
4. Pressure Transducer Market - Macro Economic Scenario
5. Pressure Transducer Market Size And Growth
…..
27. Pressure Transducer Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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