The Differential Pressure Sensors industry was 1610.23 million USD in 2017 and is projected to reach USD 1956.39 million USD by 2023, at a CAGR (Compounded Annual Growth Rate) of 3.30% between 2017 and 2023. The market is driven by various end-user industries, such as automotive, medical, HVAC, industrial, military & defense and so on. As the downstream consumption usually follows with developed and rapid economic growth areas, such as BRICS, the developed areas’ company prefers investing to underdevelopment regions these years.
The industry is relatively fragmented, the key brand include Honeywell, ABB, Amphenol, Panasonic, Siemens, Bosch, TE Connectivity, Emerson, Sensata, NXP, WIKA, Sensirion, First Sensor, Omron, Continental, Keller, Gems Sensors, OMEGA Engineering, Yokogawa Electric, AB Elektronik, Ashcroft, Lord Corporation, Setra Systems, KEYENCE, Hunan Firstrate Sensor and so on.
Differential pressure sensors provide the difference between two pressure sources through two ports, allowing customers to provide required pressure inputs to the device for measuring the readings. This flexibility offered by the device helps drive the growth of the differential pressure sensor market during the forecast period.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The Global Differential Pressure Sensors Market Professional Survey Report 2018 This report released by QYResearch provides a basic overview of the Differential Pressure Sensors industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.
The report then focuses on major industry players in global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Differential Pressure Sensors industry development trends and marketing channels were analyzed.Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.