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Global Pressure Sensor Market Growth is Mainly Driven by Rising Industrial Advancements In MEMS (Microelectromechanical Systems) Technologies

Author : Ronak Bora | Published Date : 2019-04-05 

Global Market Insights, Inc. provides a detailed overview of pressure sensor market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

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.

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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.

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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.

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.

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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.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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