Global Pressure Sensors Market to Record CAGR of 6% through 2020
Deerfield Beach, FL -- (SBWIRE) -- 07/03/2017 -- 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 Analysis, and Forecast, 2014 – 2020." 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.
A pressure sensor measures pressure, typically of gases or liquids. Pressure sensors can be classified in terms of pressure ranges they measure temperature ranges of operation, and most importantly the type of pressure they measure. Pressure sensors are variously named according to their purpose, but the same technology may be used under different names. An absolute pressure sensor, vacuum pressure sensor, gauge pressure sensor, differential pressure sensor and Sealed pressure sensor are major types of pressure measurements.
Request For Free Sample Report: https://goo.gl/XHTb7f
Pressure sensors industry is mainly driven by strong demand from automotive industry. Pressures sensors are used in wide ranging applications in automotive industry including TPMS (Tire Pressure Monitoring System), EGR (Exhaust Gas Pressure), etc. Stringent government regulations regarding use of pressure sensors in various applications have resulted in immense demand for pressure sensors from the automotive industry. Electronics is another major driving factor for pressure sensors industry. Strong growth of automotive and consumer electronics industry in Asia Pacific is expected to keep driving demand for pressure sensors industry in the years to come.
Request For Free Price Quotation: http://www.marketresearchstore.com/requestquote?reportid=38201
Capacitive, electromagnetic, optical, piezoresistive, and resonant solid-state are the key technology segments of pressure sensors market. Piezoresistive sensors technology segment dominated the global pressure sensors market in 2014. Piezoresistive sensors accounted for around 30% share of global pressure sensors market in 2014. The automotive industry, biomedical applications, and household appliances are the key application markets for piezoresistive sensors. Capacitive sensors were the second largest technology segment of global pressure sensors market in 2014. Piezoresistive is also expected to exhibit fastest growth rate during the forecast period.
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.
Browse the full report at: http://www.marketresearchstore.com/report/pressure-sensors-market-by-technology-z38201
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.
The report segments the global pressure sensors market as:
Technology Segment Analysis: Capacitive, Electromagnetic, Optical, Piezoresistive, Resonant Solid-State
Application Segment Analysis: Automotive, Consumer Electronics, Industrial, Medical, Oil & Gas, Other
Regional Segment Analysis: North America (US), Europe(Germany, France, UK), Asia Pacific(China, Japan, India), Latin America(Brazil), Middle East and Africa
Visit Our Blog: https://marketresearchstore2017.wordpress.com
About Zion Market Research
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client's needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
3422 SW 15 Street, Suit #8138
Deerfield Beach, Florida 33442
Toll Free: +1-855-465-4651 (USA-CANADA)