How big is the Pressure Sensors Market?

The Pressure Sensors Market size is expected to reach USD 18.22 billion in 2024 and grow at a CAGR of 9.37% to reach USD 28.51 billion by 2029. Read More

What is the current Pressure Sensors Market size?

In 2024, the Pressure Sensors Market size is expected to reach USD 18.22 billion. Read More

Who are the key players in Pressure Sensors Market?

ABB Ltd, All Sensors Corporation, Bosch Sensortec GmbH, Endress+Hauser AG and TE Connectivity are the major companies operating in the Pressure Sensors Market. Read More

Which is the fastest growing region in Pressure Sensors Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Pressure Sensors Market?

In 2024, the Asia Pacific accounts for the largest market share in Pressure Sensors Market. Read More

What years does this Pressure Sensors Market cover, and what was the market size in 2023?

In 2023, the Pressure Sensors Market size was estimated at USD 16.51 billion. The report covers the Pressure Sensors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Pressure Sensors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Pressure Sensors Market Report Insights on Share, Trends, and Growth in Analysis and Forecast

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

The Report Covers Pressure Transducer Manufacturers and is Segmented by Type of Sensor (Wired, Wireless), by Product Type (Absolute, Differential, Gauge), by Technology (Piezoresistive, Electromagnetic, Capacitive, Resonant Solid-State, Optical), by Applications (Automotive, Medical, Consumer Electronics, Industrial, Aerospace and Defense, Food and Beverage, HVAC) and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Pressure Sensors Industry Overview

The pressure sensor market is characterized by fragmentation and intense competition, with a presence of both domestic and international players. Technological advancements in the industry provide vendors with a sustainable competitive edge. Notable companies in this market include ABB Ltd., TE Connectivity, Endress+Hauser AG, Bosch Sensortec GmbH, and All Sensors Corporation.

In June 2023, Thermo Control, in partnership with Schneider Electric, implemented the Ecostruxure Building Management System (BMS) solution in a new factory constructed by IFM Prover in Sibiu, Romania. This system serves to monitor, control, and manage all electrical and mechanical installations within the factory. Additionally, the factory has integrated photovoltaic panels and heat pumps into the BMS solution, enhancing energy efficiency and reducing utility costs. Furthermore, the temperature, humidity, and pressure sensors utilized in the monitoring and control processes are manufactured within the IFM factory.

In January 2023, Bosch Sensortec unveiled a range of new sensors at CES 2023, including an AI-enabled sensor and a next-generation magnetometer. The newly introduced BMP585 barometric pressure sensors offer altitude tracking capabilities even in challenging environments, such as for wearables designed for swimming. These sensors boast ultra-low power consumption, ensuring extended battery life while delivering high accuracy and minimal noise levels.