Portland, OR, Aug. 16, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global pressure transducer market generated $7.40 billion in 2021, and is projected to reach $19.47 billion by 2030, growing at a CAGR of 11.2% from 2022 to 2030. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
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Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2030 |
| Base Year | 2021 |
| Market Size in 2021 | $7.40 billion |
| Market Size in 2030 | $19.47 billion |
| CAGR | 11.2% |
| No. of Pages in Report | 260 |
| Segments covered | Technology, pressure type, end use and region. |
| Drivers | Surge in need for industrial automation |
| Rise in demand for breathing apparatus to monitor the oxygen levels of patients | |
| Opportunities | Extensive applications of pressure transducers in wearable electronics |
| Persistent technological advancements | |
| Restrains | Extortionate cost of pressure transducer |
| Limited to specific consumers |
COVID-19 Scenario:
- The outbreak of COVID-19 has had a negative impact on the growth of the global pressure transducer market, owing to the occurrence of lockdowns in various countries across the globe.
- Lockdowns resulted in the closure of numerous industries including those of pressure transducer, which adversely impacted its demand during the pandemic. Pressure transducer is extensively used in the automotive sector, and hence, the production activities of automotive were temporarily shut down, which adversely impacted the sale of pressure transducer.
- This was mainly due to the stringent social distancing restrictions imposed by the government to significantly curb the spread of the virus during the pandemic.
- In addition, there was huge financial and economic crisis in various nations around the world. Thus, people were reluctant in spending on exorbitant products or items, which further aggravated the impact on the market.
- However, the market is expected to recoup soon.
The report offers a detailed segmentation of the global pressure transducer market based on technology, pressure type, end-use and region. The report provides a detailed analysis of each and every segment and along with their respective sub-segment by means of graphs and tables. This analysis can remarkably assist market players, investors, and new entrants in determining effective strategies based on fastest growing segments and highest revenue generating segments that are mentioned in the report.
Get Detailed COVID-19 Impact Analysis On The Pressure Transducer Market: https://www.alliedmarketresearch.com/press-release/pressure-transducer-market.html
Based on technology, the piezoresistive strain gauge segment held the largest market share in 2021, garnering nearly two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The capacitance segment, on the other hand, is expected to cite the fastest CAGR of 12.0% during the forecast period.
Based on pressure type, the absolute pressure segment held the dominating market share in 2021, holding more than two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The gauge pressure segment, on the other hand, is predicted to cite the fastest CAGR of 11.8% during the forecast period.
Based on end-use, the automotive segment held the largest market share in 2021, holding more than one-fourth of the global market, and is expected to maintain its leadership status during the forecast period. The industrial segment, on the other hand, is predicted to cite the fastest CAGR of 12.7% during the forecast period.
Based on region, the market across North America held the dominating market share in 2021, garnering nearly two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The Asia-Pacific region, on the other hand, is predicted to cite the fastest CAGR of 12.5% during the forecast period.
The key players analzyed in the global pressure transducer market report include Honeywell International Inc, Validyne Engineering, Robert Bosch Gmbh, NXP semiconductors, Setra Systems, Inc. (Fortive), Panasonic Corporation, Sensata Technologies, Inc., ControlAir, Inc, and Kulite Semiconductor Products Inc.
The report analyzes these key players of the global luxury jewellery market. These market players have made judicious use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to not only maximize their prowess in the industry, but also to significantly increase their competitive edge. The report is helpful in analyzing recent developments, product portfolio, business performance and operating segments by prominent players of the market.
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Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pressure transducer market analysis from 2021 to 2031 to identify the prevailing pressure transducer market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the pressure transducer market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global pressure transducer market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
Technology
- Piezoresistive Strain Gauge
- Capacitance
- Others
Pressure Type
- Absolute Pressure
- Gauge Pressure
- Differential Pressure
End Use
- Automotive
- Consumer Electronics
- Industrial
- Healthcare
- Oil and Gas
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- United Kingdom
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- United Arab Emirates
- South Africa
- Rest of LAMEA
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