Pressure Transducer Market Size, Share, and Trends 2024 to 2034

Pressure Transducer Market Size and Forecast 2024 to 2034

The global pressure transducer market size is worth around USD 10.22 billion in 2024 and is anticipated to reach around USD 29.80 billion by 2034, growing at a CAGR of 11.30% over the forecast period 2024 to 2034. The North America pressure transducer market size reached USD 3.49 billion in 2023. The pressure transducers' benefits include being simple to construct, highly durable, lightweight, compact, highly sensitive, providing high stability, regulated output, economical, and designed on robust technologies that help the growth of the market.

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Pressure Transducer Market Key Takeaways

• North America accounted for the biggest market share of 38% in 2023.
• Asia Pacific is estimated to be the fastest-growing during the forecast period of 2024-2034.
• By technology, the piezoresistive strain gauge segment dominated the market in 2023.
• By technology, the capacitance segment is anticipated to be the fastest-growing during the forecast period.
• By pressure type, the absolute pressure segment dominated the pressure transducer market in 2023.
• By pressure type, the gauge pressure segment is expected to be the fastest-growing during the forecast period.
• By end-use, the automotive segment dominated the pressure transducer market in 2023.
• By end-use, the industrial segment is anticipated to be the fastest-growing during the forecast period.

U.S. Pressure Transducer Market Size and Growth 2024 to 2034

The U.S. pressure transducer market size was exhibited at USD 2.44 billion in 2023 and is projected to be worth around USD 8.09 billion by 2034, poised to grow at a CAGR of 11.51% from 2024 to 2034.

North America dominated the pressure transducer market in 2023. In the automotive industry of North America, there is a demand for pressure transducers for many applications like ESR (Exhaust Gas Recirculation) and TPMS (Tire Pressure Monitoring System), which drive the market flow. Increased demand for pressure transducers as a result of government regulations demanding pressure sensors in automobiles. Rising automotive production and industrialization demand for pressure transducers in North America contribute to the market’s growth. The United States is the leading country in North America for the growth of the market.

Pressure Transducer Manufacturers in the United States

Asia Pacific is estimated to be the fastest-growing during the forecast period of 2024-2034. The expansion of industrial processes and advanced technologies in the Asia Pacific region helps the growth of the pressure transducer market. The adoption of industrial utilization and automation to achieve optimization, high-performance efficiencies, and eliminate performance failures in the automated sector contributes to the market flow. The rising adoption of adoption and automation technologies across industries like consumer electronics, automotive, and manufacturing demand for pressure transducers.

• In November 2023, the digital asset performance management platform for instrumentation was launched by ABB Ltd. This platform is helpful for instrumentation and devices like pressure sensors, temperature sensors, level meters, and flow meters. It also helps to increase the efficiency of the operations in oil & gas, chemical, wastewater, water, and other industries.

Market Overview

The pressure transducer market refers to buyers and sellers of pressure transducers, also known as pressure transmitters, which are electromechanical devices designed to measure a high degree of precision. The pressure transducer is a device that measures fluid pressure with high accuracy and converts physical pressure into an electrical signal. The pressure transducers consist of a pressure-sensitive element like a diaphragm and electronic components for converting the information into electrical output signal. The benefits of pressure transducers include being highly durable and simple to construct, lightweight, compact, highly sensitive, etc.

Winsen Sensors provides pressure sensors or transmitters to industries as follows

• Marine Industry
• Oil and Gas Industry
• Consumer Electronics
• HVAC Systems
• Aerospace
• Industrial Automation
• Medical Devices
• Automotive Industry

Pressure Transducer Market Growth Factors

• The advantages of pressure include being highly durable, simple to construct, lightweight, compact, sensitive, etc., which helps to the growth of the growth of the pressure transducer market.
• They provide regulated output and great stability, and these are designed with robust technologies and are economical.
• The pressure transducers measure fluid pressure with high accuracy and convert physical pressures into an electrical signal.
• These consist of pressure-sensitive elements like the diaphragm and electronic components for converting the information into an electrical output signal.

How can AI Help the Pressure Transducers?

Artificial intelligence (AI) plays an important role in pressure transducers to improve capabilities in many ways, which helps the growth of the pressure transducer market. It helps in improved accuracy and sensitivity, real-time data processing for immediate feedback requirements in industrial applications, predictive maintenance by identifying trends and analyzing historical data, improved flexibility in wearable health devices benefit by enhancing their adaptability and performance, AI-based pressure transducers may be used with IoT (Internet of Things) systems to create smart environments. This use of AI makes pressure transducers more versatile and efficient.

• In June 2022, the industry’s first battery-powered artificial intelligence (AI) or machine learning (ML) based acoustic event detection and sensor fusion alarm system (Smart Alarm System) was launched by Infineon Technologies AG. The solution includes Infineon’s SNR analog XENSIV MEMS microphone IM73A135V01, XENSIV digital pressure sensor DPS310, and PSoC 62 microcontroller.

Market Scope

Market Dynamics

Driver

Increasing demand in the automotive industry

The increasing demand for pressure transducers in the automotive industry is contributing to the growth of the pressure transducer market. In aerospace and automotive industries, pressure transducers are used in all types of aircraft and vehicles to monitor hydraulic system pressure, engine oil pressure, fuel pressure, and tire pressure. The benefits of pressure transducers in the automotive industry include releasing pedestrian bags, rapidly activating airbags, detecting vapor leaking, stopping doors from catching fingers, the pressure of critical fluids, exhaust recirculation monitoring, automatic cleaning of exhaust filters, etc.

Restraint

Regulatory standards

The downsides of regulatory standards of pressure transducers include compliance fatigue, adaptability risks, unintended consequences, compliance costs, safety and quality are important, the burden of compliance, etc. These factors can hamper the growth of the pressure transducer market. The downsides of pressure transducers include being highly sensitive to environmental conditions, offering only moderate accuracy, not being reliable for high temperatures, giving delayed response to vibrations and shocks, providing only average accuracy in case of drifts, etc.

Opportunity

Rising demand in the consumer electronics industry

The increasing demand for pressure transducers in the consumer electronics industry can help the growth of the pressure transducer market. Pressure transducers are used in many industries, including wastewater, food & beverage, oil & gas, electronics, and more. It is designed to offer repeatability, accuracy, and reliability. Pressure transducers are used to change the fluid pressure into an electrical signal to control & check the pressure in electronic control systems.

Technology Insights

The piezoresistive strain gauge segment dominated the pressure transducer market in 2023. Piezoresistive strain gauges are semiconductor materials that change in resistance when materials are compressed or stretched. Piezoresistive strain gauge pressure transducers are less expensive as compared to capacitive sensors. It offers high-resolution measurements and is highly resistant to dynamic pressure changes, shock, and vibration. Piezoresistive strain gauges, also called semiconductor strain gauges, produce about 90% of their output through piezoresistive effects.

• In May 2024, by using SE206 silicon strain gauge chips through glass sintering bond and 330B through thick film process, ‘Model 500G Piezoresistive Gauge Pressure Sensors’ was developed by BCM Sensor.

The capacitance segment is expected to be the fastest-growing during the forecast period. The capacitance-based pressure transducer benefits include measuring pressure by detecting changes in electrical capacitance because of diaphragm movement.

Capacitance pressure transducer applications include ensuring the pump works efficiently, measuring liquid levels and flow rates, keeping an eye on airspeed, altitude, and other flight-related pressures, monitoring pressure in industrial processes, etc., contributing to the growth of the pressure transducer market.

• In April 2022, the availability of the first barometric pressure sensor based on the capacitive MEMS Technology was announced by Bosch Sensortec.

Pressure Type Insights

The absolute pressure segment dominated the pressure transducer market in 2023. The sum of atmospheric pressure and gauge pressure is absolute pressure. When pressure is measured relative to a perfect vacuum, it is known as absolute pressure. Absolute pressure applications include aviation and aerospace, research and scientific labs, and help maintain vacuum seals in food and pharmaceutical packaging, which helps the market flow.

• In April 2023, Continental launched the production of TPMS (Tire Pressure Monitoring System) for passenger cars at its Bengaluru Plant in India. It provides timely and accurate information to the driver about the status of the tire motion detection, temperature, and pressure.

The gauge pressure segment is estimated to be the fastest-growing during the forecast period. Gauge pressure is a technique of measuring water, gas, fluid, or steam intensity in a pressure-based machine, ensuring pressure changes or leaks that may influence the performance of the system.

The benefits of gauge pressures include back-lit capabilities in some pressure gauges, no parallax errors, no operation interpretation required, fast and accurate measurements in digital pressure gauges, gauge reading accuracy and longevity in modern pressure gauges, usefulness in many industries and applications like general test/service operations, mechanical engineering, and hydraulics. Pressure gauges are used to monitor liquid flow, fluid level, and filtration in many sectors. These are used in chemical and petrochemical production lines, clean rooms, power plants, and other places that help to grow the pressure transducer market.

• In February 2024, new strain gauge modules, J1939, and CAN Protocol Sleds for the FlexEdge Platform were launched by a manufacturer of advanced technologies that empowers industrial organizations to connect, access, and visualize their data, Red Lion.

End-use Insights

The automotive segment dominated the pressure transducer market in 2023. The automotive industry has many uses for pressure transmitters and transducers. Cleaning exhaust filters, detecting hydraulic brakes, controlling emissions, checking spark ignition, internal combustion engines, and transmission are all applications that need highly reliable and accurate pressure measurement instrumentation that meets the most demanding automotive testing needs. Pressure transducers play an important role in the automotive sector in monitoring brake fluid pressure, tire pressure, and engine oil pressure. This helps to enhance fuel efficiency, vehicle safety, and overall performance.

The industrial segment is expected to be the fastest-growing during the forecast period. Pressure transducers are used in many industries, including automation, off-road equipment, medical, and automotive, which help the growth of the pressure transducer market. The benefits of pressure transducers include improved system efficiency and safety, easy integration with control systems, long lifespan with proper maintenance, lightweight and compact design, suitable for many industrial applications, compatibility with many signal outputs, high range of pressure measurement capabilities, and reliable and accurate pressure measurements. Sanitary pressure transducers are used in pharmaceutical or biotech industries.

• In June 2024, the launch of 3 gas, moisture, and flow measurement sensor technologies named- ‘T5MAX Transducer, HygroPro XP, and XMTCpro’ designed to enhance safety performance and drive productivity in hydrogen and other applications across the energy and industrial sectors was announced by an energy technology company, Baker Hughes.

Pressure Transducer Market Companies

• ABB Ltd.
• NXP Semiconductors
• Robert Bosch GmbH
• Panasonic Corporation
• Validyne Engineering
• Honeywell International Inc. (US)
• Kulite Semiconductor Products, Inc.
• Setra Systems, Inc. (Fortive)
• Sensata Technologies, Inc.
• ControlAir, Inc.
• TE Connectivity (Switzerland)
• Amphenol Corporation (US)
• Emerson Electric Co. (US)
• Setra System, Inc.
• Omicron System Pvt Ltd.
• MICRO SENSOR CO., LTD
• Kistler Instrument, Corp.
• IFM Electronic GmbH
• Yokogawa Electric Corporation
• Endress + Hauser
• Wika Group
• Schneider Electric SE
• TE Connectivity
• Siemens AG
• Anfield Sensors Inc.
• Amphenol Corporation

Recent Developments

• In September 2022, a new ‘Pressure Transducer’ with a classic 2088 head that can be used in a harsh or humid environment for a long time for oil, air, and water was launched by the online shop supplying a high range of industrial automation products company, ATO.com.
• In May 2024, the SCP09 pressure sensor with OEM pin configuration, a reliable and versatile solution for hydraulic applications, was launched by a global leader in motion and control technologies, Parker Hannifin.

Segments Covered in the Report

By Technology

• Piezoresistive Strain Gauge
• Capacitance 
• Others

By Pressure Type

• Absolute Pressure
• Gauge Pressure
• Differential Pressure

By End-use

• Automotive
• Consumer Electronics
• Industrial
• Healthcare
• Oil & Gas
• Others

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East & Africa