MEA Pressure Sensors Market Size (2024 - 2029)

The Middle East and Africa pressure sensor market is poised for significant growth, driven by the region's substantial involvement in the global oil and gas sector and the increasing adoption of automation fueled by digitization. In Africa, the expansion of the healthcare sector, supported by foreign investments and the demand for affordable medical equipment, presents substantial opportunities for pressure sensor vendors. Additionally, government initiatives aimed at boosting automotive manufacturing are further contributing to the market's expansion. Despite the pandemic's adverse effects on the oil and gas industry, the overall market size for pressure sensors in the region is expected to grow robustly during the forecast period.

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Market Size of MEA Pressure Sensors Industry

Middle East and Africa Pressure Sensors
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 8.40 %
Market Concentration High

Major Players

MEA Pressure Sensors Market Major Players

*Disclaimer: Major Players sorted in no particular order

MEA Pressure Sensors Market Analysis

The Middle East and Africa Pressure Sensor market is expected to witness a CAGR of 8.4% during the forecast period 2021-2026. The Middle East and Africa pressure sensor market is estimated to grow at a healthy rate during the forecast period.

  • The Middle East accounts for a significant share in the global oil and gas industry. Digitization has fueled the adoption of automation in the oil and gas industry in the region, thus driving the market for the pressure sensor.
  • The growing number of private hospitals and increasing investments in the healthcare sector by foreign players are helping in boosting the African IT healthcare industry. Fluctuating economic condition has driven the demand for low-cost medical equipment, thus creating a huge opportunity for pressure sensor vendors in the region.
  • Moreover, increasing instances of government initiatives, like the Nigerian Automotive Industry Development Plan, is augmenting the automotive manufacturing activity across Africa. This is developing the market for pressure sensors in the region too.
  • The pandemic had a deep impact on the oil and gas market of the Middle Eastern countries. Many of the oil refineries were shut down during the period as the demand for crude oil drastically decreased, and several modernization activities were put on hold.

MEA Pressure Sensors Industry Segmentation

The pressure sensor detects, measures, and transmits the information, which helps analyze the performance of a device. Pressure sensors are used in numerous applications, which include medical, automotive, industrial, aerospace and defense, consumer electronics, food and beverage, HVAC, etc.

The market also covers the qualitative and quantitive performance of pressure sensors in the region. It also covers the study of the impact of Covid-19 in the market.

By Application
Automotive (Tire Pressure, Break Fluid Pressure, Vapor Pressure in Fuel Tank, Fuel Injection and CDRi, and Manifold Absolute Pressure among others)
Medical (Continuous Positive Airway Pressure (CPAP), Ventilators and Inhalers, and Blood Pressure Monitoring, Among Others)
Consumer Electronics
Industrial
Aerospace and Defence
Food and Beverage
HVAC
By Country
United Arab Emirates
Saudi Arabia
South Africa
Rest of Middle East and Africa
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MEA Pressure Sensors Market Size Summary

The Middle East and Africa pressure sensor market is poised for significant growth, driven by the region's robust oil and gas industry and increasing automation through digitization. The Middle East, a key player in the global oil and gas sector, sees substantial demand for pressure sensors across various applications, including the ongoing discovery and rejuvenation of oil wells. The region's commitment to expanding its solar power capacity and developing a technology-based economy further enhances the market's potential. In Africa, the rising number of private hospitals and foreign investments in healthcare are creating opportunities for pressure sensor vendors, while government initiatives like the Nigerian Automotive Industry Development Plan are boosting automotive manufacturing, thereby expanding the market landscape.

The market is characterized by a concentration of major players who dominate the scene but are increasingly focusing on innovative and sustainable solutions to expand their presence. Companies such as Bosch Rexroth SA and Honeywell International Inc. are actively enhancing their product offerings to meet the demands of various sectors, including industrial hydraulics and healthcare. The pandemic's impact on the oil and gas sector led to temporary setbacks, but the market is recovering with new projects and technological advancements. Additionally, the integration of pressure sensors in IoT-based devices and their application in food and beverage manufacturing further underscore the market's dynamic nature and growth prospects.

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MEA Pressure Sensors Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Assessment of Impact of COVID-19 on the Industry

    3. 1.3 Market Drivers

      1. 1.3.1 Growth Of End-user Verticals, such as Automotive and Healthcare

      2. 1.3.2 Increasing Adoption of MEMS and NEMS Systems in the Industry

    4. 1.4 Market Restraints

      1. 1.4.1 High Costs Associated with Sensing Products

    5. 1.5 Industry Value Chain Analysis

    6. 1.6 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.6.1 Bargaining Power of Suppliers

      2. 1.6.2 Bargaining Power of Buyers/Consumers

      3. 1.6.3 Threat of New Entrants

      4. 1.6.4 Threat of Substitute Products

      5. 1.6.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Application

      1. 2.1.1 Automotive (Tire Pressure, Break Fluid Pressure, Vapor Pressure in Fuel Tank, Fuel Injection and CDRi, and Manifold Absolute Pressure among others)

      2. 2.1.2 Medical (Continuous Positive Airway Pressure (CPAP), Ventilators and Inhalers, and Blood Pressure Monitoring, Among Others)

      3. 2.1.3 Consumer Electronics

      4. 2.1.4 Industrial

      5. 2.1.5 Aerospace and Defence

      6. 2.1.6 Food and Beverage

      7. 2.1.7 HVAC

    2. 2.2 By Country

      1. 2.2.1 United Arab Emirates

      2. 2.2.2 Saudi Arabia

      3. 2.2.3 South Africa

      4. 2.2.4 Rest of Middle East and Africa

MEA Pressure Sensors Market Size FAQs

The MEA Pressure Sensors Market is projected to register a CAGR of 8.40% during the forecast period (2024-2029)

GE MEASUREMENT & CONTROL , ABB LIMITED , BOSCH SENSORTEC GMBH , HONEYWELL INTERNATIONAL INC. and SCHNEIDER ELECTRIC SE are the major companies operating in the MEA Pressure Sensors Market.

MEA Pressure Sensors Market Report Snapshots

MEA Pressure Sensors Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)