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Pressure Transducer Industry Outlook 2025-2029: Market Set to Cross $12.36 Billion Milestone
Pressure Transducer
How Large Will the Pressure Transducer Market Size By 2025?
The market for pressure transducers has experienced substantial growth in recent times. There is an anticipated growth from a size of $7.77 billion in 2024 to an increased value of $8.45 billion in 2025, observing a compound annual growth rate (CAGR) of 8.7%. This upward trend in the historical timeframe can be linked to elements such as industrial automation, proliferation of oil and gas searching, applications in healthcare, advancements in aviation and aerospace, the management of water and wastewater, and monitoring of the environment.
How Big Is the Pressure Transducer Market Size Expected to Grow by 2029?
The market size for pressure transducers is anticipated to experience a significant surge in the upcoming years, specifically reaching $12.36 billion in 2029, growing at a compound annual growth rate (CAGR) of 10.0%. The imminent market expansion can be credited to strategies like the development of smart cities, incorporating precision agriculture, aligning with wearable health equipment, emphasizing water preservation, and promoting renewable energy sources. Predominant trends expected for the forecast period encompass the adoption of Industry 4.0, the incorporation of MEMS technology, the inclusion of wireless pressure transducers, focus on customization specific to industries, and advancements in sensor technologies.
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Which Key Market Drivers Powering Pressure Transducer Market Expansion and Growth?
The expansion of the automobile sector is poised to fuel the development of the pressure transducer market. The term automotive industry encompasses all the businesses involved in the manufacturing, selling and upkeep of motor vehicles. A pressure transducer, an electronic pressure monitor, finds its application in this industry, ensuring the pressure regulation of crucial parts of a vehicle like engine oil, gearbox, transmission oil, hydraulic oil in brake, fuel and cooling systems. To illustrate, as reported by the European Automobile Manufacturers Association, an automobile consortium in the European Union, in 2021, the automobile industry created an annual trade revenue of $81.7 billion (€79.5 billion) for the European Union, marking a rise of 4.6% from the previous year. Consequently, the burgeoning automobile sector is set to bolster the pressure transducer market.
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What Trends Will Shape the Pressure Transducer Market Through 2029 and Beyond?
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, in May 2022, 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 is 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.
What Are the Emerging Segments in the Pressure Transducer Market?
The pressure transducermarket 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, Memes, Oil-Filled
3) By End-User: Automotive, Healthcare, Consumer Electronics, Oil And Gas
Subsegments:
1) By Absolute Pressure: Vacuum Pressure Transducers, Atmospheric Pressure Transducers
2) By Gauge Pressure: Standard Gauge Pressure Transducers, High-Pressure Gauge Transducers
3) By Differential Pressure: Differential Pressure Sensors, Level Measurement Transducers, Flow Measurement Transducers
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Who Are the Global Leaders in the Pressure Transducer Market?
Major companies operating in the pressure transducer market include Sensata Technologies Incorporated, ABB Limited, Honeywell International Incorporated, Validyne Engineering, Robert Bosch GmbH, Setra Systems Incorporated, ControlAir Incorporated, Kulite Semiconductor Products Incorporated, TE Connectivity Ltd., Endress+Hauser AG, Yokogawa Electric Corporation, Kistler Instrument Corporation, Emerson Electric Co., WIKA Instruments LP, Spectris plc, Hitec Products Inc., LCM Systems Limited, Zemic Group, Thermo Fisher Scientific Inc., Omron Corporation, First Sensor AG, Gems Sensors Inc., Kavlico Corporation, Ashcroft Inc.
Which are the Top Profitable Regional Markets for the Pressure Transducer Industry?
North America was the largest region in the pressure transducer market in 2024. The regions covered in the pressure transducer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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