Press release
Global Pressure Sensor Market revenue is expected to grow at a CAGR of 6.35 percent from 2024 to 2030, reaching nearly USD 31.76 Billion by 2030 as per Stellar Market Research
Pressure Sensor Market
To access more details regarding this research, visit the following webpage:https://www.stellarmr.com/report/Pressure-Sensor-Market/2262
Pressure Sensor Market Overview:
Pressure sensors are devices that measure and monitor pressure, which is the force exerted per unit area. The global pressure sensor market, valued at USD 16.09 billion in 2022, is a critical component in various industries due to its wide range of applications. Its widespread use in automotive and healthcare applications also ensures a broad consumer impact by improving safety, efficiency, and health monitoring.
Pressure Sensor Market Dynamics:
The rapid development of the automotive industry with the increasing adoption of electric and autonomous vehicles has boosted the Pressure Sensor Market Growth. In electric vehicles (EVs), pressure sensors play a crucial role in battery management systems, monitoring the pressure within battery cells to prevent overheating and ensure longevity. North American manufacturers, including Honeywell and General Electric, benefit from a strong R&D infrastructure and advanced manufacturing capabilities, contributing around 20% to global pressure sensor production.
For in-depth information on this study, visit the following link:https://www.stellarmr.com/report/req_sample/Pressure-Sensor-Market/2262
Pressure Sensor Market Scope:
Market Size in 2023 USD 20.64 Bn.
Market Size in 2030 USD 31.76 Bn.
CAGR 6.35 % (2024-2030)
Forecast Period 2024-2030
Base Year 2023
Segment Covered by Type, sensing, and end-user industry
Report Coverage Market Share, Size & Forecast by Revenue | 2024-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, SMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.
Pressure Sensor Market Segmentation:
By Type
Absolute Pressure Sensors
Gauge Pressure Sensors
Differential Pressure Sensors
Sealed Pressure Sensors
Vacuum Pressure Sensors
By Sensing Method
Piezoresistive Capacitive
Resonant Solid-state
Electromagnetic
Optical
Other Sensing Methods
By End-User Industry
Automotive
Medical
Manufacturing
Utilities
Aviation
Oil & Gas
Marine
Consumer Devices
Other
For in-depth information on this study, visit the following link:https://www.stellarmr.com/report/req_sample/Pressure-Sensor-Market/2262
Leading Pressure Sensor Market key industry:
Honeywell International Inc. (Charlotte, North Carolina, USA)
ABB Ltd. (Zurich, Switzerland)
Emerson Electric Co. (St. Louis, Missouri, USA)
Danfoss A/S (Nordborg, Denmark)
Siemens AG (Munich, Germany)
Schneider Electric SE (Rueil-Malmaison, France)
TE Connectivity Ltd. (Schaffhausen, Switzerland)
NXP Semiconductors N.V. (Eindhoven, Netherlands)
Infineon Technologies AG (Neubiberg, Germany)
STMicroelectronics N.V. (Geneva, Switzerland)
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About Stellar Market Research:
Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. Firm research on many topics like Healthcare, Pharmaceuticals, Electronics and communications, Chemical and Material, Food and Beverages, Aerospace and defense, and other sectors. The company provide numerous services i.e. consultancy, Market Intelligence, Syndicate Research etc. to help executives in any organization and consumers achieve their mission-critical goals.
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