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Pressure Sensor Market Size Predicted to Increase at a Positive CAGR of 7.9% by 2030 | Prediction by Emergen Research

Pressure Sensor Market

According to the most recent analysis by Emergent Research, the size of the global pressure sensor market was USD 14.56 billion in 2021 and is anticipated to grow at a revenue CAGR of 7.9% during the projected period. Pressure sensors are increasingly being used in portable healthcare wearables, which is the main reason fueling market revenue growth. For long-term and real-time cardiovascular monitoring, wearable pressure sensors and flexible sensing technologies are used. Due to appealing characteristics including comfortable wearing, lightweight, and high sensitivity to pulse pressures, flexible pressure sensors for wearable health monitoring can accurately and continuously capture physiological pulse waveforms.

A pressure sensor is a transducer or tool that changes the mechanical pressure of gases or liquids at its input into an electrical signal at its output. It is made up of a pressure-sensitive component that can gauge, identify, or keep track of the pressure being applied to electronic parts and transforms the data into electrical output signals. The pressure of numerous gases and liquids is measured by a pressure sensor. A pressure sensor, often referred to as a pressure transducer, pressure transmitter, pressure indicator, piezometer, or manometer, transforms variations in a gas or liquid’s pressure into an electrical signal. Analog output is produced by a pressure sensor in direct proportion to the pressure or strain placed on the apparatus.

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Some Key Highlights from the Report

  • Throughout the projected period, it is anticipated that the electromagnetic segment’s revenue would grow quite quickly. Due to the low cost, adaptability, and high efficiency of electromagnetic pressure sensors—which are also employed in severe environments—they are increasingly being used in electrical applications. German engineering firm Baumer hhs GmbH stated in June 2022 that it would introduce a modular gluing solution for corrugated converters with an adhesive detecting sensor. The electromagnetic drive has a high closing force of 42% as well.
  • Due to the expanding use of pressure sensors in numerous industrial applications, the industrial segment is anticipated to experience steady revenue growth over the forecast period. An industrial pressure sensor has the benefits of oil-free designs, high-proof pressure ratings, superior accuracy, and higher resolution.
  • Emerson Electric Co., Honeywell International Inc., Sensata Technologies, Inc., Micro Sensor Co., Ltd., BD SENSORS GmbH, City Technology Limited, ABB Ltd., Siemens AG, Membrapor AG, Quartzdyne, Inc., Renesas Electronics Corporation, and Texas Instruments Incorporated are a few notable companies in the global market report.

Emergen Research has segmented the global pressure sensor market based on sensor type, technology, product, application, and region:

  • Sensor Type (Revenue, USD Billion; 2019-2030)
    • Wireless Sensors
    • Wired Sensors
  • Technology Outlook (Revenue, USD Billion; 2019-2030)
    • Capacitive
    • Electromagnetic
    • Piezoresistive
    • Resonant Solid-State
    • Optical
    • Others
  • Product Outlook (Revenue, USD Billion; 2019-2030)
    • Absolute Pressure Sensors
    • Differential Pressure Sensors
    • Vacuum Pressure Sensors
    • Sealed Pressure Sensors
    • Gauge Pressure Sensors
    • Others
  • Application Outlook (Revenue, USD Billion; 2019-2030)
    • Consumer Electronics
    • Automotive
    • Medical
    • Oil & Gas
    • Industrial
    • Utilities
    • Aviation
    • Others
  • Regional Outlook (Revenue, USD Billion; 2019–2030)
    • North America
      1. the U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. France
      3. the UK
      4. Italy
      5. Spain
      6. Benelux
      7. Rest of Europe
    • the Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Turkey
      5. Rest of Middle East & Africa

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