Market Size of Europe Pressure Sensors Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 9.10 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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 Industry Segmentation
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 Size Summary
The European pressure sensor market is poised for robust growth, driven by increasing investments in research and innovation, alongside supportive government policies in sectors such as automotive and IT healthcare equipment. The region's healthcare industry is experiencing significant advancements in treatment methods and medical equipment, further propelling the demand for pressure sensors. The automotive sector, particularly in Germany, is a major contributor to market expansion, with the rise of electric and connected vehicles enhancing the need for pressure sensors. Despite the initial setbacks caused by the COVID-19 pandemic, which led to industry shutdowns and project delays, the market is recovering and expected to grow steadily.
The automotive industry holds the largest share of the pressure sensor market, with applications spanning engines, tires, and passenger compartments. European countries are enhancing automotive safety standards, which is anticipated to accelerate the adoption of pressure sensors, especially in braking applications. Additionally, the power generation industry in Europe is evolving, with pressure sensors offering significant benefits in power plants. The manufacturing sector's shift towards automation and robotics, particularly in Germany, is also driving demand for pressure sensors. The market is moderately fragmented, with major players like ABB Limited and Bosch Sensortec GmbH leading the way, while innovative companies are expanding their presence through new contracts and market exploration.
Europe Pressure Sensors Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Assessment of Impact of COVID-19 on the Industry
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1.3 Market Drivers
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1.3.1 Growth Of End-user Verticals, such as Automotive and Healthcare
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1.3.2 Increasing Adoption of MEMS and NEMS Systems in the Industry
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1.4 Market Restraints
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1.4.1 High Costs Associated with Sensing Products
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1.5 Industry Value Chain Analysis
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1.6 Industry Attractiveness - Porter's Five Force Analysis
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1.6.1 Bargaining Power of Suppliers
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1.6.2 Bargaining Power of Buyers/Consumers
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1.6.3 Threat of New Entrants
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1.6.4 Threat of Substitute Products
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1.6.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Application
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2.1.1 Automotive (Tire Pressure, Break Fluid Pressure, Vapor Pressure in Fuel Tank, Fuel Injection and CDRi, and Manifold Absolute Pressure among others)
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2.1.2 Medical (Continuous Positive Airway Pressure (CPAP), Ventilators and Inhalers, and Blood Pressure Monitoring, Among Others)
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2.1.3 Consumer Electronics
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2.1.4 Industrial
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2.1.5 Aerospace and Defence
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2.1.6 Food and Beverage
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2.1.7 HVAC
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2.2 By Country
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2.2.1 United Kingdom
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2.2.2 Germany
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2.2.3 France
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2.2.4 Rest of Europe
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Europe Pressure Sensors Market Size FAQs
What is the current Europe Pressure Sensors Market size?
The Europe Pressure Sensors Market is projected to register a CAGR of 9.10% during the forecast period (2024-2029)
Who are the key players in Europe Pressure Sensors Market?
ABB LIMITED , BOSCH SENSORTEC GMBH , ENDRESS+HAUSER AG , SCHNEIDER ELECTRIC SE and KISTLER GROUP are the major companies operating in the Europe Pressure Sensors Market.
