Global pressure sensors market is expected to grow at a substantial CAGR of 7.8% in the forecast period of 2019 to 2026. The years considered for study are as mentioned below.
Access Full Report at https://databridgemarketresearch.com/reports/global-pressure-sensors-market
The pressure sensors market is a highly concentrated market which includes key players and local players. The market has witnessed increased various strategic developments owing to favourable market scenario. The market will prominently grow in coming years due to increasing adoption of IT & MEMS technology in connected devices, rising adoption of pressure sensor in automotive and medical industry and increased usage of pressure sensor in wearables. The large-scale adoption of the Internet of Things (IOT) platform and forthcoming information and communication technology (ICT) -enabled developments, will pose as the opportunities for market growth.
The market has witness developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand of innovative technology. For instance, In September 2018, Fuji Electric launched Multi-PCS specifically for Solar Generation Facilities. To reduce the cost for Solar Power Systems, it has embedded the Storage Batteries for optimum utilization. This would help the company to get more number of customers as they would prefer the low cost systems over the highly rated solar power systems.
Robert Bosch GmbH dominated the global pressure sensors market. The other key players existing in the market includes Schneider Electric SE, Baumer, Fuji Electric Co., Omron Corporation, Broadcom, Panasonic, Infineon Technologies AG, Honeywell International Inc., Siemens, Hitachi automotive system Ltd., Emerson Electric Co., ABB, NXP Semiconductors, STMicroelectronics, Sensata Technologies, Inc. , TE Connectivity, Oxensis and among others.
Robert Bosch GmbH:
Robert Bosch GmbH is headquartered in Stuttgart, Germany, incorporated in 1896. The company focuses on providing services in automation, connectivity, electrification and energy efficiency. As a leading IoT company, Robert Bosch offers innovative solutions for smart cities, smart homes, connected manufacturing, and connected mobility. The company operates through four business segments which include mobility solutions, industrial technology, consumer goods, and energy and building technology. The mobility solutions segment deals in providing the injection technology for internal combustion engines, alternative powertrain concepts, systems for active and passive driving safety, assistance and convenience functions, technology for user-friendly infotainment as well as vehicle-to-vehicle and vehicle-to-infrastructure communication, concepts, technology, and services for the automotive aftermarket, and steering systems for passenger cars and commercial vehicles. The consumer good segment deals in production of the power tools which are used in the trade, industry, and DIY, accessories, garden tools, as well as industrial tools and measuring equipment and the household appliances like appliances for cooking, washing-up, washing, drying, cooling, freezing, floor care and others. The Energy and Building Technology segment deals in providing the Security systems, heating systems, service solutions and the services to increase energy-efficiency in non-residential buildings. The industrial technology segment is the market focused business segment. Industrial Technology segment is comprised of two business units: Drive & Control technology and the new Bosch Connected Industry business unit.
- In March 2018, Bosch Rexroth AG acquired the Hytec Holdings (Pty.) Ltd. and made it wholly-owned subsidiary. This acquisition was done strategically to strengthen its business in industrial technology in Africa, since Africa offers huge potential among the future market.
The company has wide geographic presence in more than 60 countries globally with approximately 125 locations for research and development, which includes Asia-Pacific, Americas, Middle East & Africa and Europe. It has roughly 440 subsidiaries which are Bosch Energy Storage Solutions LLC (U.S.), Bosch Software Innovations GmbH (Germany), Robert Bosch Venture Capital GmbH (Germany), Bosch Healthcare Solutions GmbH (Germany) and others.
ABB:
ABB is headquartered in Zurich, Switzerland, founded in 1988. The company is engaged in manufacturing electrification, robotics and motion, industrial automation, and power grid products. ABB operates through three major strategic business units which include electrification products, robotics and motion, power grids and industrial automation.
Electrification business segment offers innovative products, digital solutions and services from substation to socket, pointing the way to a future of safe, smart and sustainable electrification. It includes modular substation pack‑ ages, distribution automation products, switch‑ gear, circuit breakers, measuring and sensing de‑ vices, control products, solar power solutions, EV charging infrastructure, wiring accessories, and enclosures and cabling systems, including KNX systems (the recognized global standard for home and building control) and data communication networks. Industrial Automation segment offers integrated automation solutions across process, electrical and motion, measurement and analytics as well as marine and turbocharging solutions for process and hybrid industries. Robotics and motions segment offers products, solutions and related services that increase industrial productivity and energy efficiency. It includes motors, generators; drives and robotics provide power, motion and control for a wide range of automation applications.
- In April, ABB has been selected for delivering high power electric vehicle chargers i.e. Terra HP charging stations by Electrify America, which would help the company as it is a dominant market in electric vehicle.
The company has wide geographic presence in Asia-Pacific, Europe, Middle East and Africa, Latin America and North America. It operates through its subsidiaries such as ABB India Limited (India), B&R (Austria), Thomas & Betts (USA) and others.
Emerson Electric:
Emerson Electric is headquartered in St. Louis, Missouri, U.S.A, founded in 1890. The company is engaged in providing automated and commercial & residential solutions to various industries. Emerson Electric operates through two major strategic business units which include automation solutions, commercial & residential solutions.
The automation solutions segment is engaged in providing a broad array of products, integrated solutions, software and services which enable process, hybrid and discrete manufacturers to maximize production, protect personnel and the environment, reduce project costs, and optimize their energy efficiency and operating costs.
The commercial & residential solutions segment helps in providing the products and solutions that promote energy efficiency, enhance household and commercial comfort, and protect food quality and sustainability through heating, air conditioning and refrigeration technology, as well as a broad range of tools and appliance solutions.
- In December 2017, the company acquired Paradigm, a provider of software solutions for the oil and gas industry which is included in measurement & analytical instrumentation product offering within automation solutions segment.
The company has wide geographic presence in Europe, North America, Asia, Latin America and Middle East & Africa. It operates through its subsidiaries such as Appleton Holding Sarl (Brazil), EGS Private Ltd. (Mexico), Chemat GmbH Armaturen fur Indstrie-und Nukkeranlag (Germany), Pentair Valves & Controls France S.C.A. (France), Emerson Automation Solutions Final Control (Beijing) Co., Ltd. (China), ASCO Japan Co., Ltd. (Japan) and others.
