Pressure Sensor Market Key Players are ABB, Denso Corporation, Honeywell International, General Electric, Freescale Semiconductor
Pressure Sensor Market predicted to experience an exponential growth over 2018-2024
(EMAILWIRE.COM, August 09, 2018 ) Market Overview: -
The pressure sensor market globally is mainly driven by industrial advancements in MEMS (microelectromechanical systems) technologies. The advancements have led to a miniaturization of these products resulting in increasing reliability, accuracy, & performance. The pressure sensor market growth is triggered due to various factors such as the growth in Asian economies, miniaturization, and vehicle production in emerging and developing countries. The market is evolving in compactness, sensitivity, reliability, and versatility owing to the technological developments.
Pressure Sensor Market size is anticipated to witness growth during the forecast period pertaining to its increasing demand in automotive industry followed by favorable government regulations and advancements in the technology.
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Top Key Players: -
The key players in the pressure sensor market include ABB Ltd., Denso Corporation, Honeywell International, Inc., General Electric, Freescale Semiconductor, Inc., and OMRON Corporation. Other notable industry players include Measurement Specialties, Inc., Robert Bosch GmbH, The Emerson Electric Company, and STMicroelectronics N.V.
Market share calculation in this report is not done based on companies covered in it. The calculation of pressure sensor market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentation: -
In the automotive industry, pressure sensors form a vital part of the engine and the car safety as well. These sensors are used in the engines to monitor the oil, coolant pressure, and control the power which is required to be delivered to attain a suitable speed. They are also used in exhaust gas recirculation, tire pressure monitoring systems, air-conditioning, and many other applications. They are also incorporated in the airbag systems of vehicles. In addition, favorable governmental initiatives such as the TREAD Act of U.S. has made the installation of Tire Pressure Monitoring System (TPMS) compulsory in all vehicular types to caution the driver about the under inflation of vehicle. In the healthcare industry, pressure sensors are used in devices for blood pressure monitoring & ventilators along with respiration & sleep apnea, optimizing the potential health, thus driving the pressure sensor market growth.
Pressure sensor market has a growing demand in the construction industry owing to the rapid infrastructural developments in the countries such as India and China. These sensors are also incorporated in the load monitoring systems, which helps in preventing the crane operator overloading. Furthermore, it helps in transmitting information associated with the forces acting on the crane, such as the motion and geometry of the crane and where the loads are applied. This information is then displayed by the load moment indicator, which warns the crane operator when the load is near or at capacity. This will boost the pressure sensor market demand over the forecast timeline.
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Based on technology, the pressure sensor market can be segmented into potentiometric, electromechanical, electromagnetic, inductive, capacitive, strain gauge, piezoelectric, and optical systems. The optical devices are capable to easily withstand electromagnetic intrusion and are progressively substituting the electromagnetic pressure sensors. The compact design and high reliability will enable optical systems to be used in miniaturized applications which will further increase the demand for the segment in the pressure sensor market.
Based on application, the pressure sensor market is segmented into oil & gas, automotive, consumer electronics, and utility among others. Increasing adoption of these products in sectors such as aerospace, automotive, electronics, industrial, healthcare, military & defense, oil & gas, and utility is anticipated to give the industry a substantial boost over the forecast period. Major industries using these systems include machinery, machine tools, packaging, plastics, and many others. Furthermore, industrial verticals such as automotive, electronics, and healthcare are expected to witness a wide implementation of these sensors. Other industries such as construction, aircraft building, shipbuilding, and household appliances also contributes to the pressure sensor market growth.
Browse Full Report @ https://bit.ly/2sXMenT
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
The pressure sensor market globally is mainly driven by industrial advancements in MEMS (microelectromechanical systems) technologies. The advancements have led to a miniaturization of these products resulting in increasing reliability, accuracy, & performance. The pressure sensor market growth is triggered due to various factors such as the growth in Asian economies, miniaturization, and vehicle production in emerging and developing countries. The market is evolving in compactness, sensitivity, reliability, and versatility owing to the technological developments.
Pressure Sensor Market size is anticipated to witness growth during the forecast period pertaining to its increasing demand in automotive industry followed by favorable government regulations and advancements in the technology.
Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/1732
Top Key Players: -
The key players in the pressure sensor market include ABB Ltd., Denso Corporation, Honeywell International, Inc., General Electric, Freescale Semiconductor, Inc., and OMRON Corporation. Other notable industry players include Measurement Specialties, Inc., Robert Bosch GmbH, The Emerson Electric Company, and STMicroelectronics N.V.
Market share calculation in this report is not done based on companies covered in it. The calculation of pressure sensor market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentation: -
In the automotive industry, pressure sensors form a vital part of the engine and the car safety as well. These sensors are used in the engines to monitor the oil, coolant pressure, and control the power which is required to be delivered to attain a suitable speed. They are also used in exhaust gas recirculation, tire pressure monitoring systems, air-conditioning, and many other applications. They are also incorporated in the airbag systems of vehicles. In addition, favorable governmental initiatives such as the TREAD Act of U.S. has made the installation of Tire Pressure Monitoring System (TPMS) compulsory in all vehicular types to caution the driver about the under inflation of vehicle. In the healthcare industry, pressure sensors are used in devices for blood pressure monitoring & ventilators along with respiration & sleep apnea, optimizing the potential health, thus driving the pressure sensor market growth.
Pressure sensor market has a growing demand in the construction industry owing to the rapid infrastructural developments in the countries such as India and China. These sensors are also incorporated in the load monitoring systems, which helps in preventing the crane operator overloading. Furthermore, it helps in transmitting information associated with the forces acting on the crane, such as the motion and geometry of the crane and where the loads are applied. This information is then displayed by the load moment indicator, which warns the crane operator when the load is near or at capacity. This will boost the pressure sensor market demand over the forecast timeline.
Request for customization of this report @ https://www.gminsights.com/roc/1732
Based on technology, the pressure sensor market can be segmented into potentiometric, electromechanical, electromagnetic, inductive, capacitive, strain gauge, piezoelectric, and optical systems. The optical devices are capable to easily withstand electromagnetic intrusion and are progressively substituting the electromagnetic pressure sensors. The compact design and high reliability will enable optical systems to be used in miniaturized applications which will further increase the demand for the segment in the pressure sensor market.
Based on application, the pressure sensor market is segmented into oil & gas, automotive, consumer electronics, and utility among others. Increasing adoption of these products in sectors such as aerospace, automotive, electronics, industrial, healthcare, military & defense, oil & gas, and utility is anticipated to give the industry a substantial boost over the forecast period. Major industries using these systems include machinery, machine tools, packaging, plastics, and many others. Furthermore, industrial verticals such as automotive, electronics, and healthcare are expected to witness a wide implementation of these sensors. Other industries such as construction, aircraft building, shipbuilding, and household appliances also contributes to the pressure sensor market growth.
Browse Full Report @ https://bit.ly/2sXMenT
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Tel: 1-888-689-0688
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results