Pressure Sensor Market

Honeywell (US) and Emerson Electric (US) are the leading players in the Pressure Sensor Market

Pressure sensors play a vital role in monitoring pressure in industries such as automotive, utilities, oil & gas, consumer electronics, medical, marine, aviation, and industrial. This report describes the factors influencing the pressure sensor market. The overall pressure sensor market is expected to be worth USD 11.30 Billion by 2023, growing at a CAGR of 5.27% between 2017 and 2023. The growth of this market is propelled by advancements in MEMS technology and its rapid adoption in connected devices, growing demand from automotive and medical device industries, increasing adoption of pressure sensors in consumer goods and wearables, and stringent government regulations.

Honeywell (US), Robert Bosch (Germany), General Electric (US), STMicroelectronics (US), and Emerson Electric (US) are the leading players in the pressure sensor market. Product launches and developments, agreements, mergers and acquisitions, partnerships, and collaborations are among the key strategies adopted by the major players to gain a competitive edge in this market.

Honeywell (US) is one of the key players in the pressure sensor market. The company offers pressure sensor products based on different types and technologies. It caters to innovation-driven growth markets, such as automotive, consumer electronics, and medical, by offering pressure sensor products based on advanced technologies. ABB concentrates on business strategies such as acquisitions, agreements, partnerships, and product launches and developments. For instance, in November 2016, Honeywell (US) launched the PX3 series heavy-duty pressure transducers for automotive applications. In May 2017, Honeywell (US) unveiled its Connected Freight solution that is based on Intel’s Connected Logistics Platform. Honeywell’s Connected Freight solution can provide real-time data about each shipment’s location, temperature, humidity, shock, vibration, tilt, pressure, proximity, and exposure to light.

Emerson Electric (US) is one of the major players in the pressure sensor market. The company provides pressure sensors mainly for automotive, utilities, mining, oil & gas, and consumer electronics applications. Emerson Electric (US) largely focuses on the strategy of product launches and developments to accelerate its organic growth and strengthen its product portfolio. It also focuses on the inorganic growth strategy by signing agreements to strengthen its business strategy. For instance, in October 2016, Emerson Electric (US) finalized a national distribution agreement with United Refrigeration Inc. (US). United Refrigeration is a leading wholesale distributor of refrigeration, HVAC, and food retail products throughout North America.

Other major companies operating in the pressure sensor market are ABB (Switzerland), NXP Semiconductors (Netherland), Infineon Technologies (Germany), Siemens (Germany), STMicroelectronics (Switzerland), TE Connectivity (Switzerland), Schneider Electric (France), Denso (Japan), Continental (Germany), Endress+Hauser (Switzerland), SSI Technologies (US), and Delphi (UK).

Related Reports:

Pressure Sensor Market by Product (Absolute, Differential, Gauge, Vacuum, and Sealed), Technology (Piezoresistive, Capacitive, Electromagnetic, Resonant), Application (Automotive, Medical, Industrial, Utilities) and Geography - Global Forecast to 2023

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Report Code
SE 1341
Published ON
Oct, 2017
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