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The global pressure sensor market size grew from $12.32 billion in 2022 to $13.83 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%.
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Pressure Sensor Global Market Report 2023 Market Size, Trends and Global Forecast 2023-2032
Pressure Sensor Segments The Business Research Company segments it’s Pressure Sensor report as: Linear, Rotary By Type Valve Body, Actuator, Other Components By Component By Material Stainless Steel, Alloy-Based, Cast Iron, Cyrogenic, Other Materials Oil and Gas, Water and Wastewater Treatment, Energy and Power, Pharmaceuticals, Food and Beverage, Chemicals, Building and Construction, Paper and Pulp By Industry
Market Statistics The global pressure sensor market size grew from $12.32 billion in 2022 to $13.83 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The pressure sensor market size is expected to grow to $20.27 billion in 2027 at a CAGR of 10.0%. Click Here To Get A Sample Report
Key Market Drivers And Trends • Drivers The rising adoption of pressure sensors in industrial applications is expected to propel the growth of the pressure sensor market. Trends Technological advancements are a key trend gaining popularity in the pressure sensor market. • Region North America was the largest region in the pressure sensor market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pressure sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Market Players • Major players in the Pressure Sensor are: • ABB Ltd. • Emerson Electric Co. • Honeywell International Inc. • Infineon Technologies • NXP Semiconductors • And more. Get More Information On The Pressure Sensor Report
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