Key players in the European Pressure Sensor Market include Key Players in the European Pressure Sensor Market are Freescale Semiconductor, LTD, General Electric Company, Epcos AG and Honeywell International,Inc.
(PRWEB) March 18, 2015
Enormous technological developments in the past decade have led to a significant reduction in the size of pressure sensors, which plays a vital role in the growth of pressure sensor market.
Penetration of Micro-Electro-Mechanical Systems (MEMS) technology in pressure sensors has led to an increase in the applications for pressure sensors in the field of aerospace, automotive, healthcare, consumer products, wireless and optical communications. MEMS-based pressure sensors are highly suitable for automotive and healthcare sector as they meet the need of smaller size sensors with improved performance.
Browse through the TOC of European Pressure Sensor Market for an analysis of industry trends and segments, with the help of various tables and figures.
The European Pressure Sensor Market report defines and segments the pressure sensor market in Europe with analysis and forecast of revenue. This market was valued at $1254.5 million in 2014, and is projected to reach $1579.5 million by 2019, at a CAGR of 4.7% between 2014 and 2019.
The market for pressure sensors in Europe is expected to grow significantly in coming years as 60% of the global sensors manufacturing units are in the European region. The main countries contributing to the pressure sensor market in this region include Germany, France, the U.K., and Italy. The U.K. dominates the market due to prominence of industrial sector in this country. The country held a share of 30% of the overall level sensors market in Europe, followed by Germany with 23.9%. The affluence of consumers and the competitiveness of the market, along with the presence of global consumer electronics companies make Europe a desired market for pressure sensor manufacturers.
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The report segments and analyzes the types and applications of pressure sensors. Capacitive pressure sensors, electromagnetic pressure sensors, optical pressure sensors, piezoresistive pressure sensors, and resonant solid state pressure sensors are the main types of pressure sensors. Automotive sector is the largest consumer of pressure sensor market, followed by medical devices, manufacturing industry, utility industry, and consumer electronics.
North America Level Sensor
The North American level sensor market is expected to grow at a CAGR of 5.3% between 2013 and 2018. This market contributes 31.8% to the global level sensor market. The market has been segmented on the basis of the type of level sensor, application and, geography. Governments in this region play a significant role in the growth of the level sensor market for the industrial and power sector. Stringent regulations have been brought into effect to support the conservation of the environment.
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