Global Pressure Sensor Market Analysis & Forecast Report 2014-2025 Featuring Leading Players - ABB, Emerson Electric Co., and Omron
DUBLIN, Nov 5, 2018 /PRNewswire/ --
The "Pressure Sensor Market Size, Share, & Trends Analysis Report By Product, By Type, Technology (Piezoresistive, Electromagnetic, Capacitive, Resonant Solid-state, Optical), By Application, By Region, And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global pressure sensor market is anticipated to reach USD 11,911.2 million by 2025
Factors such as the increased demand for smart and wireless pressure sensors and regulatory initiatives in the developed markets of North America and Europe have propelled the adoption of pressure sensors. Pressure sensors are widely used for control and monitoring applications. The demand for high-performance, cost-efficient, and reliable sensors has increased, leading to a higher spending in R&D activities by market vendors. Technological proliferation and advancements in nanotechnology and micro-technology are expected to propel the market growth over the forecast period.
Numerous sensors are used to monitor pressure levels of liquids and gases in the automotive industry. Moreover, the accelerated use of wireless technologies and semiconductor-based sensors in consumer products, industrial automation, and air compressor monitoring is expected to drive the market growth over the forecast period. The optical technology segment is predicted to gain traction owing to several advantages such as high resistance to chemical corrosion and high sensitivity. Moreover, the proliferation and increased adoption of optical fiber technology are also major market growth drivers.
The increasing adoption of pressure sensors in consumer goods and wearable devices, such as watches, tablets, and smartphones, is substantially contributing to the market expansion. The use of MEMS pressure sensors in industrial control applications and processes, HVAC applications, and level measurement is instrumental in driving market growth. Government regulations or laws to ensure passenger safety in automobiles are also expected to be a major growth driver.
For instance, the U.S. government passed the TREAD Act to mandate the installation of the Tire Pressure Monitoring System (TPMS) in all types of automobiles so as to alert the driver about the under-inflation of automobiles within 20 minutes of its detection.
Further key findings from the report suggest:
- The demand for pressure sensors has increased over the years since they offer reliability in performance, real-time monitoring, and cost-effectiveness.
- The U.S. government is investing a considerable amount of monetary and non-monetary resources to encourage the adoption of sensors across various sectors. Pressure sensors are also an important component of smart city projects.
- The growing need for more tightly controlled processes with their associated quality control requirements is anticipated to drive the demand for MEMS devices in the manufacturing segment.
- Government regulations mandating the installation of pressure sensors in several applications, including automotive and industrial sectors, are also driving the demand worldwide.
- Key players in the market include ABB Ltd., Emerson Electric Co., and Omron Corporation, among others.
Key Topics Covered:
Chapter 01 Methodology and Scope
1.1 Objective
1.2 Research Scope
1.3 Methodology
Chapter 02 Executive Summary
2.1 Pressure Sensor-Market definition
2.2 Pressure Sensor-Industry Snapshot and Key Buying Criteria, 2014-2025
Chapter 03 Pressure Sensor Industry Outlook
3.1 Pressure Sensor-Value Chain Analysis
3.2 Business Segment Trends
3.2.1 Product business analysis
3.2.2 Type business analysis
3.2.3 Technology business analysis
3.2.4 Application business analysis
3.2.5 Regional business analysis
3.3 Pressure Sensor-Market Dynamics
3.3.1 Market Driver Analysis
3.3.1.1 Advancements in MEMS technology and its rapid adoption in connected devices
3.3.1.2 Stringent government regulations
3.3.1.3 Proliferation of pressure sensors in the automotive industry
3.3.2 Market restraint analysis
3.3.2.1 High installation cost
3.4 Pressure Sensor-Business Environment Analysis
3.4.1 Pressure Sensor-Porter's Five Forces Analysis
3.4.2 Penetration & Growth Prospect Mapping
Chapter 04 Pressure Sensor Regulatory & Political Forces Outlook
4.1 Regulatory/Political Forces Landscape, by Region
4.1.1 North America
4.1.2 Europe
4.1.3 Asia Pacific
Chapter 05 Pressure Sensor Competitive & Vendor Outlook
5.1 Participant Categorization
5.1.1 Innovator
5.1.2 Market Leader
5.2 Strategic Initiatives & Outcome Analysis
5.2.1 List of Key Strategies, By Company
5.3 List of Key Companies
Chapter 06 Pressure Sensor Product Estimates & Trend Analysis
6.1 Absolute Pressure Sensors
6.2 Differential Pressure Sensors
6.3 Gauge Pressure Sensors
Chapter 07 Pressure Sensor Type Estimates & Trend Analysis
7.1 Wired Pressure Sensors
7.2 Wireless Pressure Sensors
Chapter 08 Pressure Sensor Technology Estimates & Trend Analysis
8.1 Piezoresistive Pressure Sensors
8.2 Electromagnetic Pressure Sensors
8.3 Capacitive Pressure Sensors
8.4 Resonant Solid State Pressure Sensors
8.5 Optical Pressure Sensors
8.6 Other Pressure Sensors
Chapter 09 Pressure Sensor Application Estimates & Trend Analysis
9.1 Pressure Sensors in Automotive Application
9.2 Pressure Sensors in Oil & Gas Application
9.3 Pressure Sensors in Consumer Electronics Application
9.4 Pressure Sensors in Medical Application
9.5 Pressure Sensors in Industrial Application
9.6 Pressure Sensors in Other Applications
Chapter 10 Pressure Sensor Regional Estimates & Trend Analysis
10.1 Pressure Sensors Regional Marketplace - Key Takeaways
Chapter 11 Company Profiles
- ABB Ltd.
- Acuity Incorporated
- Analog Devices, Inc.
- AutomationDirect
- Continental AG
- Delphi Automotive PLC
- Emerson Electric Company
- Festo AG & Co. KG.
- General Electric
- NXP Semiconductors N.V.
- Omron Corporation
- Rockwell Automation, Inc.
- Robert Bosch GmbH
- Schneider Electric SE
- Siemens AG
For more information about this report visit https://www.researchandmarkets.com/research/hfqt7d/global_pressure?w=5
Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article