Pressure Sensor Market Segmentation by Type, Distribution Channel and Region
Forecast till 2028
The global pressure sensor market was valued at USD 16.91 billion in 2020. It is expected to expand
at a compound annual growth rate (CAGR) of 4.6% from 2021 to 2028. A pressure sensor is an
electronic device that regulates, detects, and monitors the pressure in liquids or gases and converts it
into an electrical signal. Pressure sensors are witnessing significant growth owing to their increasing
use across industries for applications such as alarm systems, water purifiers, medical breathing
appliances, refrigeration systems, and off-road constructions. The pressure sensors used in medical
breathing appliances measure the flow of oxygen and oxygen levels being delivered to the patient.
Various companies across the globe are focusing on providing pressure sensors for IoT systems.
Pressure sensors are used in IoT systems to monitor devices and systems driven by pressure signals.
For instance, in October 2019, L-com, a brand of Infinite Electronics and a manufacturer of wireless
and wired connectivity products, announced the introduction of level and pressure sensors developed
to address IoT applications. These sensors offered better accuracy and the ability to operate in
environments typically encountered in water and wastewater, oil & gas, food processing, and factory
Top Key Players studied in Pressure Sensor Market:
City Technology Ltd.
Figaro Engineering Inc.
Nemoto & Co., Ltd.
Robert Bosch LLC.
To identify the key drivers and the competitors’ insights, Request a Sample @:
Global Pressure Sensor Market Segmented by Product:
Absolute Pressure Sensors
Differential Pressure Sensors
Gauge Pressure Sensors
Global Pressure Sensor Market Segmented by Application:
Oil & Gas