Pressure Transducers Market Expected to Rise at a CAGR of 3.30% by 2031, Reaching USD 5.6 billion: Transparency Market Research Inc.The advancement of materials science will result in pressure transducers having improved properties and becoming more efficient, resulting in increased demand. Wilmington, Delaware, United States, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The pressure transducers market was worth US$ 4.0 Billion by 2021. The market is expected to increase at a CAGR of 3.30% between 2022 and 2031. Global pressure transducer sales are expected to reach US$ 5.6 billion by 2031 . Pressure transducers are used extensively in the oil and gas industry for measuring well pressure, controlling pipeline pressure, and monitoring processes. Many medical devices use pressure transducers to monitor blood pressure, breathe, and administer drugs. In recent years, sensors have become more compact and integrated, making them easier to integrate into systems that are smaller and more complex. Space-constrained or weight-sensitive areas could benefit from miniature pressure transducers. Request to Sample PDF of this Strategic Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=82194 Wireless communication technologies may be used in the future to make pressure transducers part of the Internet of Things (IoT). The ability to monitor remotely and collect and analyze data could be enhanced. Global Pressure Transducers Market: Key Players Manufacturers of pressure transducers are developing new products to expand their product lines. To increase their global market share, companies merge and acquire, form partnerships, form joint ventures, and collaborate. ABB Ltd. Amphenol Corporation Anfield Sensors Inc. Siemens AG Honeywell International Inc. TE Connectivity Schneider Electric SE Wika Group Endress + Hauser Yokogawa Electric Corporation IFM electronic GmbH Kistler Instrument Corp. MICRO SENSOR CO. LTD. Omicron Sensing Pvt. Ltd. Setra Systems Inc. Key Findings of the Market Report By 2031, the absolute pressure segment is projected to generate US$ 1.85 billion. By 2021, thin film held a leading share of 22.02% of the global market. A CAGR of 3.52% is forecast for North America during the forecast period. Several manufacturers with strong global presences operate in Europe, making it one of the most important regions on the global market. Transducers/transmitters, which measure and monitor pressure, are extensively used in modern control circuits in the process industry. Global Pressure Transducers Market: Growth Drivers Transducers are used extensively in the automotive industry for applications such as fuel injection systems, tire pressure monitoring systems, and engine control systems. The demand for pressure transducers increased as the automotive industry developed and integrated technologies that are more advanced. As industrial automation increases across various industries, the pressure transducer market is expected to grow. Transducers, which measure pressure accurately and reliably, have become more important as more industries adopt automated processes. As sensor technologies and materials have advanced, high-performance pressure transducers have become increasingly sophisticated and efficient. In addition to improving efficiency, reliability, and functionality, these innovations attracted numerous industries. Pressure transducers were miniaturized with microelectromechanical systems (MEMS). Because of their smaller size, lighter weight, and cost-effectiveness, MEMS-based transducers are attractive in a wide range of applications. Process efficiency and safety continued to be a priority in chemical, pharmaceutical, and oil and gas industries. Pressure transducers are used in these industries to monitor and control various processes, thereby improving efficiency. The healthcare sector uses pressure transducers for a wide range of devices and equipment, including anesthesia machines, ventilators, and blood pressure monitors. Increasing healthcare industry demand contributed to pressure transducer demand. A pressure transducer can be used in flood warning systems, climate stations, and water quality monitoring applications. Pressure transducers have gained in popularity as environmental concerns have become more prevalent, driving the market for monitoring systems. Pressure transducers can be monitored and controlled remotely using Internet of Things (IoT) technology. Connectivity has helped industries improve the efficiency of their systems and their ability to analyze data. Request for Custom Research – https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=82194 Global Pressure Transducers Market: Regional Landscape North America is expected to lead the market for pressure transducers. As industrial automation grows in North America, pressure transducers are becoming more popular. Devices such as these monitor and control manufacturing and other processes in the workplace. Sensor technologies are advancing, including pressure transducers, which contribute to a greater degree of precision, compactness, and reliability. Increasing sophistication and efficiency can lead to market growth. Pressure transducers can be used in environmental monitoring and control applications as environmental regulations and sustainability awareness increase. Pressure transducers are used widely in manufacturing and automotive industries for monitoring and controlling processes. Digital technologies, such as the Internet of Things (IoT), enables pressure transducers to monitor and collect data in real-time, facilitating predictive maintenance and improving efficiency. Key Developments In October 2023, Masimo announced that its LiDCO board-in-cable (BIC) hemodynamic monitoring module had received CE mark approval. In addition to LiDCO BIC, the Irvine, California-based company offers Masimo Root Patient Monitoring and Connectivity Hub. LiDCO's PulseCO algorithm, coupled with the company's Root patient monitoring hubs, make LiDCO hemodynamic monitoring easy for clinicians. Global Pressure Transducers Market: Segmentation By Measurement Type Absolute Pressure Gauge Pressure Differential Pressure Multivariable Pressure By Technology Capacitive Piezo resistive Thin Film Ceramic Thick Film MEMS Oil-filled Others (Piezoelectric, IEPE / ICP) By End-use Industry Automotive Aerospace Oil & Gas Food & Beverage Chemical Pharmaceuticals Heavy Engineering HVAC Water & Wastewater Management Others By End-use Industry by Technology Automotive Capacitive Piezo resistive Thin Film Ceramic Thick Film MEMS Oil-filled Others (Piezoelectric, IEPE / ICP) Aerospace Capacitive Piezo resistive Thin Film Ceramic Thick Film MEMS Oil-filled Others (Piezoelectric, IEPE / ICP) Oil & Gas Capacitive Piezo resistive Thin Film Ceramic Thick Film MEMS Oil-filled Others (Piezoelectric, IEPE / ICP) Food & Beverage Capacitive Piezo resistive Thin Film Ceramic Thick Film MEMS Oil-filled Others (Piezoelectric, IEPE / ICP) Chemical Capacitive Piezo resistive Thin Film Ceramic Thick Film MEMS Oil-filled Others (Piezoelectric, IEPE / ICP) Pharmaceuticals Capacitive Piezo resistive Thin Film Ceramic Thick Film MEMS Oil-filled Others (Piezoelectric, IEPE / ICP) Heavy Engineering Capacitive Piezo resistive Thin Film Ceramic Thick Film MEMS Oil-filled Others (Piezoelectric, IEPE / ICP) HVAC Capacitive Piezo resistive Thin Film Ceramic Thick Film MEMS Oil-filled Others (Piezoelectric, IEPE/ICP) Water & Wastewater Management Capacitive Piezo resistive Thin Film Ceramic Thick Film MEMS Oil-filled Others (Piezoelectric, IEPE / ICP) Others Capacitive Piezo resistive Thin Film Ceramic Thick Film MEMS Oil-filled Others (Piezoelectric, IEPE / ICP) By Region North America Europe Asia Pacific Middle East & Africa South America Buy the Comprehensive Market Research Report - https://www.transparencymarketresearch.com/checkout.php?rep_id=82194<ype=S Browse More Trending Reports in 3D Printing in Construction Market -The global 3d printing in construction market was valued at US$ 1.2 Bn in 2021 and it is estimated to advance at a CAGR of 40.3% with US$ 3.3 Bn by 2031 Grid-scale Battery Market -The grid-scale battery market is expected to grow at a CAGR of 26.1% from 2022 to 2031, reaching US$ 55.3 billion by the end of 2031 About Transparency Market Research Transparency Market Research , a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact: Nikhil Sawlani Transparency Market Research Inc. CORPORATE HEADQUARTER DOWNTOWN, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA Tel: +1-518-618-1030 USA – Canada Toll Free: 866-552-3453 Website: https://www.transparencymarketresearch.com Email: sales@transparencymarketresearch.com Follow Us: LinkedIn | Twitter | Blog | YouTube GlobeNewswireJanuary 3, 2024 - 1:31 AM PSTNews by QuoteMediawww.quotemedia.com
Wilmington, Delaware, United States, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The pressure transducers market was worth US$ 4.0 Billion by 2021. The market is expected to increase at a CAGR of 3.30% between 2022 and 2031. Global pressure transducer sales are expected to reach US$ 5.6 billion by 2031 . Pressure transducers are used extensively in the oil and gas industry for measuring well pressure, controlling pipeline pressure, and monitoring processes. Color Changing Paper
Many medical devices use pressure transducers to monitor blood pressure, breathe, and administer drugs. In recent years, sensors have become more compact and integrated, making them easier to integrate into systems that are smaller and more complex. Space-constrained or weight-sensitive areas could benefit from miniature pressure transducers.
Request to Sample PDF of this Strategic Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=82194
Wireless communication technologies may be used in the future to make pressure transducers part of the Internet of Things (IoT). The ability to monitor remotely and collect and analyze data could be enhanced.
Global Pressure Transducers Market: Key Players Manufacturers of pressure transducers are developing new products to expand their product lines. To increase their global market share, companies merge and acquire, form partnerships, form joint ventures, and collaborate.
Key Findings of the Market Report
Global Pressure Transducers Market: Growth Drivers
Request for Custom Research – https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=82194
Global Pressure Transducers Market: Regional Landscape
Global Pressure Transducers Market: Segmentation By Measurement Type
By End-use Industry by Technology
Buy the Comprehensive Market Research Report - https://www.transparencymarketresearch.com/checkout.php?rep_id=82194<ype=S
Browse More Trending Reports in
3D Printing in Construction Market -The global 3d printing in construction market was valued at US$ 1.2 Bn in 2021 and it is estimated to advance at a CAGR of 40.3% with US$ 3.3 Bn by 2031
Grid-scale Battery Market -The grid-scale battery market is expected to grow at a CAGR of 26.1% from 2022 to 2031, reaching US$ 55.3 billion by the end of 2031
Transparency Market Research , a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Nikhil Sawlani Transparency Market Research Inc. CORPORATE HEADQUARTER DOWNTOWN, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA Tel: +1-518-618-1030 USA – Canada Toll Free: 866-552-3453 Website: https://www.transparencymarketresearch.com Email: sales@transparencymarketresearch.com
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