Pressure sensors are used to measure the pressure of any liquids or gases. Pressure is an expression of the force required to stop a fluid from expanding and is usually stated in terms of force per unit area. A pressure sensor usually acts as a transducer; it generates a signal as a function of the pressure imposed. Pressure sensors are used for control and monitoring in thousands of everyday 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, among other names.
According to the report, global demand for pressure sensors market was valued at USD 6.5 billion in 2014 is expected to reach USD 9.5 billion in 2020 and is anticipated to grow at a CAGR of around 6% between 2015 and 2020. Zion Market Research has published a new report titled “Pressure Sensors Market by Technology (Capacitive, Electromagnetic, Optical, Piezoresistive, Resonant Solid-State) for Automotive, Consumer Electronics, Industrial, Medical, Oil & Gas and Other Applications: Global Industry Perspective, Comprehensive An, lysis and Forecast, 2014 – 2020.”
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In order to give the users of this report a comprehensive view on the pressure sensors market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the pressure sensors market has also been included. The study encompasses a market attractiveness analysis, wherein technology segments and applications segments are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view on the pressure sensors market by segmenting the market based on applications. All the application segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020. Key technology type segmented market covered under this study includes capacitive, electromagnetic, optical, piezoresistive, resonant solid-state.
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Key application segments covered under this study include automotive, consumer electronics, industrial, medical, oil & gas and others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and the Middle East and Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India, and Brazil. This segmentation includes demand for Pressure Sensors based on individual applications in all the regions and countries.
Automotive, consumer electronics, industrial, medical, oil & gas and others are key application markets for pressure sensors. Automotive was the largest application market for pressure sensors and accounted for over 25% share in total revenue generated in 2014. Robust growth of the automotive sector, especially in Asia Pacific region coupled with various regulations regarding use of pressure sensors in vehicles is expected to mobilize pressure sensors market at a rapid pace during near future. Consumer electronics and medical industry are also expected to exhibit strong demand for pressure sensors.
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Asia-Pacific dominated the pressure sensors market with the highest contribution to the total revenue generated globally, in 2014. Asia Pacific accounted for over 30% share of the global pressure sensors market in 2014. Asia-pacific was followed by the North America and Europe. Pressure sensors market in Asia-Pacific region is also expected to witness rapid growth as compared to other regions. Over the past few years, Brazil has witnessed strong growth in automotive, electronics and medical industry. This is expected to boost demand for pressure sensors in Latin America.
Some of the key players in global pressure sensors market include ABB Ltd, Analog Devices Inc., Delphi Automotive PLC, Emerson Process Management, Freescale Semiconductor Ltd., Honeywell International Inc., Schneider Electric SE, Omron Corporation, Robert Bosch Gmbh, and STMicroelectronics N.V.