Europe 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 Europe Pressure Transducer Market would witness market growth of 9.9% CAGR during the forecast period (2022-2028).
To record very quick pressure changes, several pressure sensors have been created to measure in a real-time environment. The temperature of the combustion process in an engine cylinder or gas turbine could be measured with this kind of sensor. These sensors are frequently made of quartz and other piezoelectric minerals. Some pressure gauges function as pressure switches, turning on or off in response to the application of a given amount of pressure.
For instance, a pressure switch can control a water pump to turn on when water is released from the system, reducing reservoir pressure. Elastic materials come in a variety of sizes and shapes and are employed in pressure transducers. The pressure range and sensor method determine the configuration. The elastic material's primary function is to deform under pressure so that the electrical device can identify it.
Typically, the elastic component takes the shape of a diaphragm. These components are either constructed of flexible materials like rubber, plastic, leather, or circular metal discs. Contrarily, diaphragm shapes might be corrugated, flat, or spherical. In severely corrosive conditions or with over-pressure systems, diaphragm elements are advantageous.
According to studies conducted by the German chemical industry group VCI, one of the country's most energy-intensive businesses, the German chemical industry will mostly achieve greenhouse gas neutrality by 2050. The industry's yearly electricity demand would increase to 628 terawatt-hours (TWh) starting in the mid-2030s to do this, which would require additional spending of roughly 45 billion euros and be greater than Germany's whole power output in 2018.
The Germany market dominated the Europe Pressure Transducer Market by Country in 2021; thereby, achieving a market value of $895.9 million by 2028. The UK market would witness a CAGR of 9% during (2022 - 2028). Additionally, The France market would experience a CAGR of 10.7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
- Rest of Europe
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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