The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The expansion of the vehicle industry is likely to stimulate innovation in pressure transducer manufacturing, propelling the market over the forecast period.

The global pressure transducer market is expected to grow from $6.41 billion in 2022 to $7.09 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The global pressure transducer market size is expected to grow to $10.35 billion in 2027 at a CAGR of 9.9%.

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Global Pressure Transducer Market Segments Include:

• By Pressure: Absolute Pressure, Gauge Pressure, Differential Pressure
• By Technology: Capacitive, Piezo Resistive, Thin Film, Ceramic Thick Film, Mems, Oil-Filled
• By End-User: Automotive, Healthcare, Consumer Electronics, Oil and Gas
• 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 is the largest region in the global pressure transducer market in 2021.

Major Market Players in the pressure transducer market include Panasonic Holdings Corporation, Sensata Technologies Incorported, ABB Limited, Honeywell International Incorporated, Validyne Engineering, Robert Bosch GmBH, NXP Semiconductors, Setra Systems Incorporated.

The primary trend gaining traction in the pressure transducer market is technological innovation. To maintain their market position, most pressure transducer businesses are focusing on developing technologically improved devices. For example, Xidas Inc., a tech firm based in the United States, released the industry’s first smart microfluidics in-line pressure sensor with near-zero dead volume. The Xidas “Pascal” family of sensors is low voltage, fully digital, has on-board processing, and provides true in-line fluid sensing with less than 0.1 microliters of dead volume. They are intended for continuous monitoring of extremely small volumes of fluid. Small volume sensors from Xidas can be used in wearable drug administration systems, mobile diagnostics devices, in-line process monitors, tiny catheters, and high throughput biological systems.

The Pressure Transducer Global Market Report 2023  provides a pressure transducer market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032).  The pressure transducer market forecast analyzes pressure transducer market size, pressure transducer market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A pressure transducer is a device that senses fluid pressure and indicates the force the fluid exerts on surfaces with which it comes into contact. Pressure transducers are used in several control and monitoring applications, including flow, airspeed, level, pump systems, and altitude monitoring.

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