According to a new report, published by KBV research, The Global Pressure Transducer Market size is expected to reach $14.5 billion by 2028, rising at a market growth of 10.4% CAGR during the forecast period.
The Gauge market is showcasing highest CAGR of 10.6% during (2022 - 2028). Pressure gauges are used to measure fluid pressure in a variety of applications. In several industries, such as healthcare and the automotive industry, where they are utilized as air pressure sensors and blood pressure monitors, respectively, pressure gauges are being used more frequently.
The Piezoresistive Strain Gauge market is leading the Global Pressure Transducer Market by Technology in 2021; thereby, achieving a market value of $6.7 billion by 2028. Due to stricter government safety standards, rising vehicle demand in developing countries, and nanotechnology applications, the piezoresistive strain gauge market is growing. In the foreseeable future, each of these elements will support market growth.
The Industrial market has shown the growth rate of 10.7% during (2022 - 2028). Industrial pressure sensors are enclosed in a durable casing that is resistant to abrasion and corrosion from things like liquids and gases. They are also designed to be very resistant to any outside electrical impacts. Electrical and pressure connector fittings are dependable and damage-resistant.
The Asia Pacific market is leading the Global Pressure Transducer Market by Region in 2021; thereby, achieving a market value of $5,331.8 million by 2028. The Europe market is experiencing a CAGR of 9.9% during (2022 - 2028). Additionally, The North America market is exhibiting a CAGR of 9.5% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/pressure-transducer-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Pressure Type
By Technology
By End Use
By Geography
Companies Profiled
Unique Offerings 
