Dublin, Aug. 22, 2024 (GLOBE NEWSWIRE) -- The "Pressure Sensors - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Pressure Sensors is estimated at US$20.2 Billion in 2023 and is projected to reach US$29.7 Billion by 2030, growing at a CAGR of 5.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Furthermore, pressure sensors contribute to energy efficiency by optimizing process controls and reducing operational costs, aligning with global efforts to conserve energy. Environmental regulations mandate the use of these sensors to monitor emissions and ensure compliance with sustainability standards.
The expansion of IoT and smart devices also drives the integration of pressure sensors, enhancing the functionality and connectivity of systems ranging from smart homes to industrial IoT applications. These factors collectively fuel the continuous development and adoption of pressure sensors, underscoring their pivotal role in modern industrial applications and the broader push towards interconnected, smart technology solutions.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Absolute Pressure Sensors segment, which is expected to reach US$13.4 Billion by 2030 with a CAGR of a 5.6%. The Differential Pressure Sensors segment is also set to grow at 6.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $5.3 Billion in 2023, and China, forecasted to grow at an impressive 8.4% CAGR to reach $6.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ABB Ltd., Acuity Inc., Alphasense Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Questions Answered:
- How is the Global Pressure Sensors Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 207 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $20.2 Billion |
| Forecasted Market Value (USD) by 2030 | $29.7 Billion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Pressure Sensors - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Global Economic Update
MARKET TRENDS & DRIVERS
- Increasing Demand from Automotive Industry Drives Pressure Sensors Market
- Technological Advancements in MEMS and NEMS Propel Pressure Sensor Innovations
- Rising Adoption in Consumer Electronics Expands Addressable Market
- Growth in Industrial Automation Strengthens Business Case for Pressure Sensors
- Increasing Use in Healthcare and Medical Devices Spurs Market Adoption
- Impact of IoT on Pressure Sensors Market Throws Spotlight on Connectivity
- Advances in Wireless and Digital Pressure Sensors Accelerate Market Growth
- Increasing Investment in Aerospace and Defense Applications Here's the Story
- Adoption of Pressure Sensors in Oil and Gas Industry Expands Market Horizons
- Rising Demand for Pressure Monitoring in Environmental Applications Spurs Growth
- Navigating the World of AI-Enhanced Pressure Sensing
- Growing Use of Pressure Sensors in Wearable Devices Generates Opportunities
- Increasing Focus on Predictive Maintenance and Condition Monitoring Drives Adoption
FOCUS ON SELECT PLAYERS (Total 92 Featured)
- ABB Ltd.
- Acuity Inc.
- Alphasense Ltd.
- Analog Devices, Inc.
- AutomationDirect.com
- City Technology Ltd.
- Continental AG
- Delphi Technologies
- Dynament Limited
- Emerson Electric Company
- Festo AG & Co. KG
- Figaro Engineering, Inc.
- General Electric Company
- GFG-Gesellschaft Fur Geratebau mbH
- Membrapor AG
- Nemoto & Co., Ltd.
- NXP Semiconductors NV
- Omron Corporation
- Robert Bosch GmbH
- Robert Bosch LLC
- Rockwell Automation, Inc.
- Schneider Electric SA
- Siemens AG
For more information about this report visit https://www.researchandmarkets.com/r/j9a59j
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