Differential pressure sensor is an electronic device designed to measure and calculate pressure difference between two points, one connected to each side of the sensor. Silicon-based board mounted differential pressure sensors are widely used in industrial sectors for measuring flow rates, fluid levels, pressure drops across oil filters, or air filters as they can be externally retrofitted to an existing vessel. Differential pressure sensor can be used for exhaust gas treatments as well as low pressure exhaust gas recirculation.
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Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Rise in inclusion of this compact, rugged equipment in hazardous environment of offshore or subsea gas & oil processing plants, effluent treatment plants, as well as remote heating systems that utilize heated water or steam is the major factor that fuels the differential pressure sensor market share. However, low cost of profit margins and errors in this device, owing to variations in liquid density by temperature changes tend to restrain the differential pressure sensor market growth.
On the other hand, growth in use of these devices to determine ventilation and suction pressure in respiration devices in the healthcare sector due to high resolution and accuracy accompanied by low noise performance further boosts the market revenue. Rapid level of industrialization followed by increase in production of motor vehicles is expected to pave new avenues to the differential pressure sensor industry.
Key segments covered:
Application
- HVAC Systems
- Process Control
- Test and Measurement
- Navigation
- Others
- Consumer electronics
- Automotive
- Industrial
- Aerospace and Defense
- Others
Key benefits of the stakeholders:
- The study gives an analytical overview of the differential pressure sensor market forecast with current trends and future estimations to determine imminent investment pockets.
- The report provides information related to key drivers, restraints, and opportunities along with detailed differential pressure sensor market analysis.
- The current differential pressure sensor market trends are quantitatively analyzed from 2021 to 2027.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
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