Pressure Sensors Market Share

Statistics for the 2023 & 2024 Pressure Sensors market share, created by Mordor Intelligence™ Industry Reports. Pressure Sensors share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Pressure Sensors Industry

The pressure sensor market is characterized by fragmentation and intense competition, with a presence of both domestic and international players. Technological advancements in the industry provide vendors with a sustainable competitive edge. Notable companies in this market include ABB Ltd., TE Connectivity, Endress+Hauser AG, Bosch Sensortec GmbH, and All Sensors Corporation.

In June 2023, Thermo Control, in partnership with Schneider Electric, implemented the Ecostruxure Building Management System (BMS) solution in a new factory constructed by IFM Prover in Sibiu, Romania. This system serves to monitor, control, and manage all electrical and mechanical installations within the factory. Additionally, the factory has integrated photovoltaic panels and heat pumps into the BMS solution, enhancing energy efficiency and reducing utility costs. Furthermore, the temperature, humidity, and pressure sensors utilized in the monitoring and control processes are manufactured within the IFM factory.

In January 2023, Bosch Sensortec unveiled a range of new sensors at CES 2023, including an AI-enabled sensor and a next-generation magnetometer. The newly introduced BMP585 barometric pressure sensors offer altitude tracking capabilities even in challenging environments, such as for wearables designed for swimming. These sensors boast ultra-low power consumption, ensuring extended battery life while delivering high accuracy and minimal noise levels.

Pressure Sensors Market Leaders

  1. ABB Ltd

  2. All Sensors Corporation

  3. Bosch Sensortec GmbH

  4. Endress+Hauser AG

  5. TE Connectivity

*Disclaimer: Major Players sorted in no particular order

Pressure Sensors Market Concentration

Pressure Sensors Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)