North American Pressure Sensor Market Estimated to Reach by $1,933.1 Million by 2019

Jan 22, 2016, 11:45 ET from MicroMarket Monitor

PUNE, India, January 22, 2016 /PRNewswire/ --

According to the new Market Research Report "North America Pressure Sensor Market by Type (Piezoresistive, Capacitive, Electromagnetic, Others), by Application (Automotive, Petrochemical and Oil & Gas, Consumer Electronics, Medical, Others), by Geography - Analysis and Forecast to 2019", the North American pressure sensor market report defines and segments the pressure sensor market in North America with analysis and forecast of revenue. This market was valued at $1,467.1 million in 2014, which is expected to reach $1,933.1 million by 2019, at a CAGR of 5.7% between 2014 and 2019.

Browse through the TOC of North American Pressure Sensor Market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.

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A pressure sensor measures pressure, typically of gases or liquids. Pressure sensors are used for controlling and monitoring purposes in several applications. Pressure sensors can also be used to indirectly measure other variables, such as fluid/gas flow, speed, water level, and altitude. Pressure sensors can alternatively be called pressure transducers, pressure transmitters, pressure senders, pressure indicators, piezometers and manometers, to name a few. Extensive technological developments in the past decade have led to a considerable reduction in the size of pressure sensors, which has played a major role in their market growth.

North America is one of the most technologically advanced application markets for pressure sensors owing to the presence of prominent system suppliers, large semiconductor companies, and sensor manufacturers in the region. The size of the region, affluence of its consumers, and the competitiveness of automotive and medical original equipment manufacturers (OEMs) makes it a thriving market for pressure sensor manufacturers. The major countries contributing to the pressure sensor market in North America include the U.S. and Canada.

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The North American pressure sensor market is segmented and forecast based on types and application. With respect to type, the market is segmented into capacitive pressure sensors, electromagnetic pressure sensors, optical pressure sensors, piezoresistive pressure sensors, resonant solid state pressure sensors, and others. On the basis of applications, the market is segmented into automotive, consumer electronics, manufacturing, medical devices, utilities, and other applications.

Key Players of the North American Pressure Sensor Market include:  

The Emerson Electric Company (U.S.), Siemens AG (Germany), Honeywell International, Inc. (U.S), Yokogawa Electric Corporation (Japan), among others and so on.

This report on the North American pressure sensor market includes market share and value chain analyses, along with market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key market players.

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