January 31, 2023

Global Pressure Sensors Market 2021-2026, By Sensor Type (Wired, Wireless), Technology (Piezoresistive, Capacitive, Optical), Product (Absolute, Gauge, Differential), End Use, Vertical, and Geography

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Dublin, December 13, 2021 (GLOBE NEWSWIRE) – The “Forecast of the Global Pressure Sensors Market to 2026” the report was added to ResearchAndMarkets.com offer.

The global pressure sensors market is expected to grow from USD 14.8 billion in 2021 and is expected to reach USD 21.9 billion by 2026; it is expected to grow at a CAGR of 8.2% during the forecast period.

The growing demand for pressure sensors is continuously increasing due to their increasing applications in the IoT environment. The growth of the pressure sensors market can also be attributed to the growing global demand for miniaturized devices, technological advancements in electronic devices, and the availability of portable electronic devices for automotive, industrial and healthcare applications.

The absolute pressure sensor segment is expected to dominate the global pressure sensor market during the forecast period

The absolute pressure sensor segment is expected to dominate the global pressure sensor market during the forecast period. The precise measurements offered by these pressure sensors, along with the reference vacuum and reference pressure value, allow manufacturers to use absolute pressure sensors in industry. The growing adoption of absolute pressure sensors in automotive, medical, industrial and utility applications is driving the market.

Optical technology to witness the highest CAGR in the pressure sensor market during the forecast period

The optical technology market is expected to grow at the highest CAGR of the global pressure sensors market during the forecast period. Optical pressure sensors are resistant to electromagnetic interference and can perform very well in applications where other pressure sensing technologies fail due to such disturbances. These pressure sensors also work well in the presence of chemicals or explosive materials.

The Pressure Sensors For HVAC Systems Market Expected To Grow At The Highest CAGR During The Forecast Period

The pressure sensors for HVAC systems market is expected to grow at the highest CAGR during the forecast period. Coolants in HVAC systems such as ammonia can be hazardous to human health if leaked. Pressure sensors are used to monitor the pressure of ammonia as it passes through the system to ensure that it remains within required limits. HVAC systems are widely used in all verticals to maintain good ventilation in workspaces. Their application in smart homes is also gaining momentum. Thus, the increasing number of smart homes around the world is expected to drive the growth of the pressure sensors market during the forecast period.

Automotive segment will hold the largest share of the pressure sensors market during the period 2021-2026

Pressure sensors are widely used in automotive applications to measure and control the pressure of various automotive fluids, including engine oil, gearbox and transmission oil, and hydraulic oil in brake systems, cooling systems and fuel systems. There is an increasing demand for pressure sensors from the automotive industry due to various security mandates by governments. For example, in engine management systems, to improve the efficiency of car engines, pressure sensors are needed to accurately monitor engine conditions such as air volume and exhaust gas pressure. of the EGR system. Moreover, the tire pressure monitoring mandate is also fueling the growth of the pressure sensors market.

Premium previews

  • Increased global adoption of pressure sensors in IoT applications is expected to fuel market growth from 2021 to 2026

  • Piezoresistive technology to account for the largest share of the global pressure sensor market in 2026

  • Absolute pressure sensors will account for the largest share of the pressure sensor market in 2026

  • On-board automotive and automotive segment of pressure sensors market to account for largest shares in 2026

  • APAC will account for the largest share of the global pressure sensor market in 2026

  • India market is expected to grow at the highest CAGR during the forecast period

Market dynamics

Conductors

  • Increased demand for automotive pressure sensors

  • Strict automotive regulations

  • Increased demand for pressure sensors from the medical industry during the COVID-19 pandemic

Constraints

Opportunities

Challenges

Company Profiles

  • ABB

  • Amphenol

  • BD Sensors GmbH

  • Emerson Electric Co.

  • Endress + Hauser

  • General Electric

  • Honeywell International Inc.

  • IFM Electronic GmbH

  • Infineon Technologies AG

  • Jumo GmbH & Co. Kg

  • Kita Sensor Tech. Co., Ltd.

  • Micro Sensor Co., Ltd.

  • Nidec Copal Electronics

  • Phoenix Sensors, LLC

  • Quartzdyne

  • Sensata Technologies, Inc.

  • Siemens

  • TE Connectivity Ltd.

  • Trafag AG

  • TT Electronics

For more information on this report, visit https://www.researchandmarkets.com/r/30mydc

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