Asia Pacific Pressure Transducer Market Size, Share & Industry Trends Analysis Report By Technology (Piezoresistive Strain Gauge, Capacitance), By End Use (Automotive, Consumer Electronics, Industrial, Oil & Gas, Healthcare), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Pressure Transducer Market would witness market growth of 10.9% CAGR during the forecast period (2022-2028).
Pressure is measured with a pressure transducer. It makes use of a sensor that can translate the pressure exerted on it into electrical signals. Then, these electrical impulses are transmitted to controllers or PLCs for processing and recording. Strain gauges are used by pressure transducers to gauge the force acting on them. Deformation of the strain gauges causes a change in voltage to be produced.
Based on the magnitude of the voltage change, the pressure is measured. In more sophisticated pressure transducers, capacitance or piezoelectric sensors are used in place of strain gauges. They are selected depending on the pressure sensor's operating range, working environment, and precision requirements. Fluid pressure during rest is measured via static pressure transducers. The most popular pressure monitoring tools are static pressure transducers.
The strain gauge (or sensor) within a pressure transducer deforms when a fluid applies pressure to it. Voltage changes as a result of this deformation. The pressure's intensity and variation's magnitude are correlated. The strain gauge returns to its initial shape as soon as the pressure is released. Non-static or dynamic pressure transducers include piezoelectric pressure gauges. Instead of measuring static pressure, they continuously monitor pressure variations.
Over 60 therapeutic categories of generic pharmaceuticals are offered in India. Major segments include generic drugs, over-the-counter medicines, API/bulk drugs, immunizations, contract research and production, biosimilars, and biologics. India is one of the top 20 markets for medical devices and is the fourth-largest market in Asia after Japan, China, and South Korea. Due to their reasonable pricing and great quality, Indian pharmaceutical companies have made a name for themselves by producing 20% of the generic drugs and 60% of the world's vaccines.
The China market dominated the Asia Pacific Pressure Transducer Market by Country in 2021; thereby, achieving a market value of $1.5 billion by 2028. The Japan market is anticipated to witness a CAGR of 10.2% during (2022 - 2028). Additionally, The India market is poised to witness a CAGR of 11.9% during (2022 - 2028).
Based on Technology, the market is segmented into Piezoresistive Strain Gauge, Capacitance, and Others. Based on End Use, the market is segmented into Automotive, Consumer Electronics, Industrial, Oil & Gas, Healthcare, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Panasonic Corporation, Sensata Technologies Holdings PLC, ABB Group, Honeywell International Inc, Robert Bosch Gmbh, NXP Semiconductors N.V., TE Connectivity, Endress+Hauser AG, Setra Systems, Inc. (Fortive Corporation) and Validyne Engineering.
Scope of the Study
Market Segments Covered in the Report:
By Pressure Type
- Piezoresistive Strain Gauge
By End Use
- Consumer Electronics
- Oil & Gas
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Panasonic Corporation
- Sensata Technologies Holdings PLC
- ABB Group
- Honeywell International Inc
- Robert Bosch Gmbh
- NXP Semiconductors N.V.
- TE Connectivity
- Endress+Hauser AG
- Setra Systems, Inc. (Fortive Corporation)
- Validyne Engineering
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