Europe Pressure Sensors market Size
| Study Period: | 2018 - 2028 |
| CAGR: | 9.1 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Pressure Sensors market Analysis
The European Pressure Sensor market is expected to witness a CAGR of 9.1% during the forecast period 2021-2026. The European pressure sensor market is estimated to grow at a healthy rate during the forecast period.
- The major factors supporting the growth are increasing investments in research and innovation centers and growing government programs and policies favoring the automotive, and IT healthcare equipment and devices markets.
- The high rate of development of new treatment methods, medical equipment, and protocols in the region is boosting the European healthcare equipment and devices industry to grow significantly. The increasing government expenditure on healthcare is further estimated to develop a market for pressure sensors in the region.
- The automotive industry is also growing at a healthy rate in the region; Germany is leading the race. With increasing electric vehicle production and increasing connected vehicles concept in Europe, the market for pressure sensors in the region is expected to witness significant growth.
- The covid-19 pandemic had an adverse effect on the industry. Most of the leading industries were shut down during the early months of the pandemic, and several expansion projects were postponed due to a lack of capital and re-evaluation of industry performance.
Europe Pressure Sensors market
The pressure sensor detects, measures, and transmits the information, which helps analyze the performance of a device. Pressure sensors are used in numerous applications, which include medical, automotive, industrial, aerospace and defense, consumer electronics, food and beverage, HVAC, etc.
The market also covers the qualitative and quantitive performance of pressure sensors in the region. It also covers the study of the impact of COVID-19 in the market.
| By Application | |
| Automotive (Tire Pressure, Break Fluid Pressure, Vapor Pressure in Fuel Tank, Fuel Injection and CDRi, and Manifold Absolute Pressure among others) | |
| Medical (Continuous Positive Airway Pressure (CPAP), Ventilators and Inhalers, and Blood Pressure Monitoring, Among Others) | |
| Consumer Electronics | |
| Industrial | |
| Aerospace and Defence | |
| Food and Beverage | |
| HVAC |
| By Country | |
| United Kingdom | |
| Germany | |
| France | |
| Rest of Europe |
Europe Pressure Sensors market Trends
This section covers the major market trends shaping the Europe Pressure Sensors market according to our research experts:
Automotive Industry to Show Significant Growth
- The automotive sector accounted for the largest market share by application type, owing to several applications of pressure sensors in automobiles and the automotive industry. The appropriate automotive pressure sensor can deliver cost-effective reliability and long operational life, whether the application is in the engine, tire, or passenger compartment.
- Many European countries such as Germany, Sweden are increasing their automotive safety standards. As a result, Europe is estimated to be the fastest-growing market for pressure sensors for automotive breaking applications over the forecast period.
- In recent times, exclusive off-road and cross-country cars are installing innovative tire pressure control systems. For example, the Mercedes G63 AMG 6X6 enables the driver to vary the tire pressure of both the front and rear axles separately.
- Over the forecast period, increasing predictive maintenance capabilities provided in high-end cars are expected to create considerable demand for pressure sensors in HVAC applications.
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Germany to Hold the Highest Market Share
- Growing government programs promoting research and innovation is also helping advancement in the pressure sensor market to develop in the region. For instance, the German government increased the number of research companies to 20,000 and innovative companies to 140,000 by the year 2020.
- Germany is the world's largest producer of lignite. The power generation industry is also evolving rapidly in Europe. As the pressure sensor implies substantial benefits in power plants, hence the demand for a pressure sensor in Europe's power generation industry is expected to be boosted significantly.
- Owing to the prominence of manufacturing in the country, the scope of automation is significant, and with it, enterprises are increasingly adopting robotic solutions to automate processes. According to IFR, in 2020, Germany was the fifth-largest robot market in the world and number one in Europe. Compared to the previous year, the country's robot shipment increased by 8.78% in 2020 and stood at 22300 units, mainly driven by the demand from the automotive industry. Such developments in the country are expected to drive further the demand for pressure sensors to operate both indoor and outdoor robotics installations.
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Europe Pressure Sensors market
The European Pressure Sensor market is moderately fragmented and consists of several major players. In terms of market share, few of the major players currently dominate the market. However, with innovative and sustainable packaging, many Nicolacompanies are increasing their market presence by securing new contracts and tapping new markets.
- September 2021 - Arduino Pro and Bosch Sensortec partnered to develop a small sensor board. The Nicla Sense ME is Arduino's smallest board to date and uses the latest generation Bosch sensors technology on the smallest form factor yet for sensing and intelligence at the edge.
Europe Pressure Sensors market Leaders
ABB LIMITED
BOSCH SENSORTEC GMBH
ENDRESS+HAUSER AG
SCHNEIDER ELECTRIC SE
KISTLER GROUP
*Disclaimer: Major Players sorted in no particular order
Europe Pressure Sensors market News
- October 2021 - Superior Sensor Technology has introduced a new dual low-pressure sensor product series for continuous PAP (CPAP), bi-level PAP (BiPAP), and automatic PAP (APAP) products used for sleep apnoea and other breathing sleep disorders.
- November 2021 - TDK Corporation (TSE:6762) extends its MiniCell® range to include pressure transmitters in robust stainless-steel casing to measure differential pressure in industrial applications. The B58622M32* series comprises five models that measure between 0 to 500 mbar and 0 to 10 bar. Its compensated temperature range extends from -20 °C to +140 °C, and the dimensions are 57 x 34 x 39 mm, including the connections.
Europe Pressure Sensors market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Assessment of Impact of COVID-19 on the Industry
4.3 Market Drivers
4.3.1 Growth Of End-user Verticals, such as Automotive and Healthcare
4.3.2 Increasing Adoption of MEMS and NEMS Systems in the Industry
4.4 Market Restraints
4.4.1 High Costs Associated with Sensing Products
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Force Analysis
4.6.1 Bargaining Power of Suppliers
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Application
5.1.1 Automotive (Tire Pressure, Break Fluid Pressure, Vapor Pressure in Fuel Tank, Fuel Injection and CDRi, and Manifold Absolute Pressure among others)
5.1.2 Medical (Continuous Positive Airway Pressure (CPAP), Ventilators and Inhalers, and Blood Pressure Monitoring, Among Others)
5.1.3 Consumer Electronics
5.1.4 Industrial
5.1.5 Aerospace and Defence
5.1.6 Food and Beverage
5.1.7 HVAC
5.2 By Country
5.2.1 United Kingdom
5.2.2 Germany
5.2.3 France
5.2.4 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 ABB Ltd
6.1.2 All Sensors Corporation
6.1.3 Bosch Sensortec GmbH
6.1.4 Endress+Hauser AG
6.1.5 GMS Instruments BV
6.1.6 Honeywell International Inc.
6.1.7 Invensys Ltd
6.1.8 Kistler Group
6.1.9 Rockwell Automation Inc.
6.1.10 Rosemount Inc. (Emerson Electric Company)
6.1.11 Sensata Technologies Inc.
6.1.12 Siemens AG
6.1.13 Yokogawa Corporation
*List Not Exhaustive7. INVESTMENT ANALYSIS
8. FUTURE OF THE MARKET
Europe Pressure Sensors market Research FAQs
What is the study period of this market?
The Europe Pressure Sensors Market is studied from 2018 - 2028.
What is the growth rate of Europe Pressure Sensors Market?
The Europe Pressure Sensors Market is growing at a CAGR of 9.1% over the next 5 years.
Who are the key players in Europe Pressure Sensors Market?
ABB LIMITED , BOSCH SENSORTEC GMBH , ENDRESS+HAUSER AG , SCHNEIDER ELECTRIC SE , KISTLER GROUP are the major companies operating in Europe Pressure Sensors Market.
Europe Pressure Sensors Industry Report
Statistics for the 2023 Europe Pressure Sensors market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Pressure Sensors analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
