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Pressure Transducer Market foreseen to grow exponentially over 2031

The physical deformation of strain gauges bonded to the diaphragm of the pressure transducer and wired into a wheat-stone bridge configuration converts pressure into an electrical signal.

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Pressure Transducer Market foreseen to grow exponentially over 2031

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  1. We use cookies for a better user experience. Read our Privacy Policy I Agree Search report Keywords Home / Electronics and Semiconductors / Semiconductor / Pressure Transducer Market Pressure Transducer Market Pressure Transducers Market [Measurement Type: Absolute Pressure Measurement, Gauge Pressure Measurement, Differential Pressure Transducer, Multivariable Pressure Transducer] ‐ Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022‐2031 Report Preview Table of Content Transparency Plus Pressure Transducers Market Outlook 2031 The globalpressure transducers market was valued at US$ 4.0 Bn in 2021 It is estimated to grow at a CAGR of 3.30% from 2022 to 2031 The globalpressure transducers market is expected to reach US$ 5.6 Bn by the end of 2031 Analysts’ Viewpoint on Pressure Transducers Market Scenario Pressure transducers are used in numerous industrial applications, including hydraulics and pneumatics, water management, mobile hydraulics, off‐highway vehicles, pumps and compressors, air conditioning and refrigeration systems, and plant engineering and automation. They play an important role in maintaining pressure and ensuring the application runs reliably. Pressure transducers are designed according to different measuring principles such as absolute pressure, gauge pressure, differential pressure, and multivariable pressure. Pressure transducers can vary, in terms of accuracy, reliability, measurement range, and compatibility, according to the target environment. Technological advancements in major industry verticals, including oil & gas, automotive, industrial automation, and heavy engineering, have led to the evolution of pressure

  2. transducers. The presence of global as well as local suppliers and manufacturers has led to the saturation of the pressure transducer market. However, the presence of multinational and global suppliers in the market is creating strong competition, which would result in a moderate expansion of the market. Pressure Transducers Market Introduction A pressure sensor transducer converts input mechanical pressure in gases or liquids to an electrical output signal. It consists of a pressure‐sensitive element, which can measure, detect, or monitor the pressure being applied, and electronic components that convert the information to an electrical output signal. The physical deformation of strain gauges bonded to the diaphragm of the pressure transducer and wired into a wheat‐stone bridge configuration converts pressure into an electrical signal. When pressure is applied to the pressure transducer, the diaphragm deflects, causing strain to be introduced into the gauges. The strain causes a change in electrical resistance, which is proportional to the pressure. Introduction of novel technologies and innovations across automation, machine precision, and electronics industry verticals drives the development of pressure transducer technology, which in turn is creating opportunities for companies in the market. On the other hand, manufacturers of pressure transducers are increasing R&D innovations in piezoresistive pressure transducers that are used for absolute, gauge, relative, and differential pressure measurement, in both high‐ and low‐pressure applications.

  3. measurement, in both high‐ and low‐pressure applications. Companies are also introducing new technologies in piezoelectric pressure transducers, ceramic pressure transducers, and strain gauge pressure transducers to broaden their revenue streams. Significant growth witnessed in the oil & gas industry is fueling the demand for differential pressure transducers, as these devices are used to determine the flow of gases or liquids. Multivariable pressure transducers are being routinely employed in oil and gas, power, chemical, and pulp & paper industries to monitor the mass flow at varying stages of the manufacturing and development processes. Request a sample to get extensive insights into the Pressure Transducers Market High Demand for Pressure Transducers from Process Industries Boosts Market In the process industry, pressure measurement and monitoring equipment ﴾transducer/transmitters﴿ are extensively used for modern control circuits. They monitor process flows, measure safe levels in liquid tanks, manage control loops, and monitor filtration systems in several processes in diverse industries such as food & beverage, chemicals, pharmaceuticals, petroleum, ceramics, base metals, coal, plastics, rubber, textiles, wood and wood products, and paper and paper products. Rise in the number of different process industries, worldwide is playing an instrumental role in boosting the pressure transducer market size across the globe. For instance, according to BASF report 2019, the world’s leading chemical industry, excluding pharmaceuticals, is projected to expand by more than 3% during 2020‐2022, and it would recover after COVID‐19 According to the scenario for the oil & gas industry, Vision 2020, liquefied natural gas ﴾LNG﴿ production plants are likely to boom in the U.S., Australia, China, and Argentina. The world’s LNG gas production capacity is estimated to reach 70 billion cubic feet per

  4. production capacity is estimated to reach 70 billion cubic feet per day by 2036. Some pressure transducer manufacturers and suppliers have already introduced new, advanced technologies in pressure transducers/transmitters to make pressure measurement easier and reliable for their customers. These factors are driving the demand for pressure transducers significantly. Adoption of Industrial Automation and Optimum Utilization of Resources Augment Market Industrial automation reduces operational costs, enhances product quality, increases productivity, and also addresses industrial health and safety across numerous process industries. Consequently, popularity of automation for industrial optimization is boosting the pressure transducer market. Rise in labor costs in developing countries further boosts the adoption of process automation, which in turn offers significant opportunities to the pressure transmitters market. The introduction of Industry 4.0 has led to an ecosystem that consists of multiple connected smart devices. In February 2020, Honeywell and Tech Mahindra announced the expansion of their collaboration to build digitized “Factories of the Future”. This is estimated to benefit their digital transformation, 5G, Industry 4.0 technologies, and engineering capabilities to enable customers in the manufacturing industry to scale‐up faster. Use of various types of pressure transducers helps measure and monitor the pressure, both in the air and in a liquid medium. This makes pressure transducer and transmitters suitable for complex applications where exact pressure needs to be monitored. Such findings are also bolstering innovations in pressure measurement sensors. Moreover, experts in companies are educating end‐users or clients about the various pressure measurement types in order to cater to the demanding applications in dynamic environments. Error‐free Functionality of Absolute Pressure Measuring Sensors to Boost their Demand

  5. Sensors to Boost their Demand The absolute pressure segment is expected to account for a major share of the market, in terms of revenue, as compared to other segments. The absolute pressure segment is expected to exceed a value of US$ 1.85 Bn by 2031. It has been found that a gauge pressure transducer is less accurate as compared to an absolute pressure transducer due to varying atmospheric pressure. Absolute pressure sensors compare the target pressure to the known pressure of an absolute vacuum in order to obtain absolute values of air and gas pressure. This error‐free functionality of absolute pressure sensors makes them indispensable in safe and secure operations. This has been a significant contributor to the rise in demand for absolute pressure transducers. Stability in Harsh Operational Conditions to Drive Demand for Thin Film Technology In terms of technology, the global pressure transducers market has been segmented into capacitive, resistive, piezoelectric, thin film, thick film, oil‐filled, and others. The thin film segment held a key share of 22.02% of the global market in 2021. The segment is projected to maintain its position and expand considerably during the forecast period. Thin film pressure transducers are precise, stable, dependable, and inexpensive, and they offer numerous advantages over traditional transducers. Most thin film sensor applications take advantage of their small size and the options they provide, with their distinctive housing being an especially useful feature for specific applications. Regional Outlook of Global Pressure Transducers Market North America accounted for a 32.02% share of the global pressure transducer market in 2021. It is estimated to expand at a CAGR of 3.52% during the forecast period. Demand for pressure transducers is significantly high in the Asia Pacific owing to a rise in industrialization and automotive production in the region. The higher market share of the region is attributed to the presence of major economies such as China, India, Japan, etc., where mega trends such as Industry 4.0, IoT, digitalization, and data‐based

  6. trends such as Industry 4.0, IoT, digitalization, and data‐based operations are positively impacting businesses in the region. Europe is also a key region of the global market, owing to the presence of numerous manufacturers who have a stronger global presence. The market in Middle East & Africa and South America is estimated to expand moderately during the forecast period due to R&D innovations in piezo resistive pressure transducers, capacitive pressure transducers, and MEMS pressure transducers amongst others. Analysis of Key Players in Global Pressure Transducers Market The pressure transducers market is partially fragmented, as more than an adequate number of players are catering to the global demand. Pressure transducer top companies include 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., and Setra Systems, Inc. Request a custom report on Pressure Transducers Market Key Developments in Global Pressure Transducers Market In April 2022, Kistler launched the world’s smallest, media‐ isolated pressure sensor. Kistler's new 4017A piezoresistive ﴾PR﴿, absolute pressure sensor combines excellent measurement capability with suitability for a wide range of applications, especially power train development at the highest level of motorsport. The compact, innovative, wide operating temperature range and outstanding media compatibility, makes the new sensor an optimal choice for automotive engine development and industrial hydraulic and pneumatic applications. In January 2022, Danfoss Sensing Solutions expanded its production capacity by 130% and launched the next‐ generation DST P650 pressure transmitter. OEMs in the mobile hydraulics industry need to build smarter, safer, and

  7. mobile hydraulics industry need to build smarter, safer, and higher‐performance machines than before to cater to the digitally driven demands of the future. Hence, in 2022, Danfoss Sensing Solutions announced that it would double its thin‐film pressure sensor production with additional production capacity from its factory in Minden, Germany. On January 11, 2022, Superior Sensor Technology announced an extension to its ND Series with the launch of two new pressure sensor families for mid‐pressure range applications. These new devices would enable manufacturers to cost‐effectively develop more accurate and stable products for numerous industrial equipment applications operating at low to mid‐pressure ranges. Global Pressure Transducers Market Snapshot Attribute Detail Market Size Value in 2021 US$ 4.0 Bn Market Forecast Value in 2031 US$ 5.6 Bn Growth Rate ﴾CAGR﴿ 3.3 % Forecast Period 2022–2031 Historical Data Available for 2017–2020 Quantitative

  8. Quantitative Units US$ Bn for Value & Thousand Units for Volume It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis. Market Analysis Market share analysis by company ﴾2021﴿ Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials Competition Landscape Format Electronic ﴾PDF﴿ + Excel Measurement Type Absolute Pressure Gauge Pressure Differential Pressure Multivariable Pressure Technology Capacitive Piezo resistive Thin Film Ceramic Thick Film MEMS Oil‐filled Others ﴾Piezoelectric, IEPE / ICP﴿ End‐use Industry Automotive Aerospace Oil & Gas

  9. Oil & Gas Food & Beverage Chemical Pharmaceuticals Heavy Engineering HVAC Water & Wastewater Management Others 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

  10. 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 Market Segmentation

  11. 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﴿ North America Europe Asia Pacific Middle East & Africa South America Regions Covered U.S.

  12. Canada Germany U.K. France Japan China India ASEAN Brazil Mexico GCC South Africa Countries Covered 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. Companies Profiled Customization Scope Available upon request Pricing Available upon request

  13. Interested in this report? Get a FREE sample now! Get Free Sample *Get Sample Report ﴾PDF﴿ sent to your email within minutes Frequently Asked Questions How big was the pressure transducers market in 2021? The pressure transducer market stood at US$ 4.0 Bn in 2021 How is the pressure transducers market expected to grow by 2031? How much worth the pressure transducers market would be in 2031?

  14. What are the prominent trends driving the pressure transducers market? Which region is more lucrative in pressure transducers market? Who are the prominent players in the pressure transducers market? Rep Id : TMRGL82194 July 2022 Electronics and Semiconductors 238 Pages Request FREE Sample Select License Type Single User license $5795 Multi‐User license $8795 Corporate license $11795 Buy Now Safe and Secure SSL Encrypted Get A Special pricing for start‐ups and universities. Request Discount ‐ Need More Info? ‐ Enquiry Before Buying

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