Global Pressure Sensor Market Size, Forecasts, And Opportunities
Learn about the global pressure sensor market through The Business Research Company, which provides information on pressure sensor market size, pressure sensor market drivers and restraints, pressure sensor market players, the COVID-19 impact on the pressure sensor market, and more.
The global pressure sensor market size is expected to grow from $11.09 billion in 2021 to $12.13 billion in 2022 at a compound annual growth rate (CAGR) of 9.37%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global pressure sensors market size is expected to reach $17.04 billion in 2026 at a CAGR of 8.87%.
The rising adoption of pressure sensors in industrial applications is expected to propel the growth of the pressure sensor market.
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The pressure sensor market consists of sales of pressure sensors by entities (organizations, sole traders, and partnerships) that are used to measure pressure of gases or liquids. A pressure sensor is an instrument that consists of a pressure-sensitive element to determine the actual pressure applied to the sensor with the help of different working principles and some components to convert this information into an output signal.
Global Pressure Sensor Market Segments Include:
By Product Type: Absolute Pressure Sensor, Gauge Pressure Sensor, Differential Pressure Sensor, Others
By Technology: Piezoresistive, Capacitive, Resonant Solid-State, Electromagnetic, Optical, Piezoelectric, Others
By Output: Analog, Digital
By Sensor Type: Wired, Wireless
By Application: Automotive, Industrial, Consumer Electronics, Healthcare, Oil and Gas, Aerospace and Defense, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the pressure sensor market in 2021
Technological advancements are a key trend gaining popularity in the pressure sensor market.
TBRC’s pressure sensor market report covers:
Major Market Players: ABB Ltd., Emerson Electric Co., Honeywell International Inc., Infineon Technologies, NXP Semiconductors, Rockwell Automation Inc., Sensata Technologies, Siemens, STMicroelectronics, TE Connectivity, Amphenol, BD SENSORS GmbH, Bosch Sensortec GmbH, Eaton, General Electric, ifm electronic GmbH, Micro Sensor Co. Ltd, Quartzdyne Inc., Renesas Electronics, and TT Electronics.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Pressure Sensor Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides pressure sensor market overviews, analyzes and forecasts market size, share, pressure sensor market players, pressure sensor market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s pressure sensor market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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