Market Overview:
The global strain gauge pressure sensor market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for digital output sensors in various applications, such as gas and oil fields, dangerous gases, chemical processing plants, and others. Additionally, the growing demand for analog output sensors from end-use industries is also propelling the growth of this market. However, factors such as high installation and maintenance costs may restrain the growth of this market during the forecast period.
Product Definition:
A strain gauge pressure sensor is a device that measures the pressure of a fluid or gas. The importance of strain gauge pressure sensors is that they are relatively inexpensive and can be used in a variety of applications.
Analog Output:
Analog output is a system used to measure the output from an analog pressure sensor. It is widely used in strain gauge pressure sensors. The system works on the principle of comparison of two signals, one generated internally by the sensor and other external environment's pressure. Analog output helps to get more accuracy in measurement than digital systems as it reduces systematic errors caused due to quantization effect, noise and resolution problems inherent in digital systems.
Digital Output:
The digital output is a kind of signal which can be used to measure strain gauge pressure. It is generated by integrating the incremental changes in an analog signal over a specific time interval. The most commonly used digital output systems are Wheatstone bridge and potentiometer system, where the change in potentials between two wires generates an electric current that is measured to generate the strain gauge pressure measurement.
Application Insights:
The gas and oil fields application segment accounted for the largest revenue share in 2017. The segment is expected to continue its dominance over the forecast period owing to rising demand for advanced equipment in oil and gas exploration activities. Strain gauge pressure sensors are used as a measure of hydraulic pressure, which is an important factor while drilling deep wells or when water-gasoline interaction occurs during miscible drilling fluid extraction process.
Gas and oil fields are also one of the major sources of mining accidents, wherein strain gauge sensors play a significant role by providing early warning indication about impending failure so that preventive measures can be taken before any damage is caused to surrounding areas or people by leakage hazardous gases present within rock formations. Such types of accidents have led authorities across various regions including North America and Europe to mandate safety standards related with these instruments so that they can act as reliable indicators before actual disaster strikes thereby saving time & resources on site.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The U.S., being a developed economy, has higher penetration of strain gauge pressure sensors and their applications than other developing nations such as India and China. However, Asia Pacific is expected to witness the highest growth rate over the forecast period owing to rising demand for advanced technologies coupled with increasing oil & gas exploration activities across countries such as China, India, Indonesia among others will drive regional growth over next eight years.
The European region followed North America in terms of market share and accounted for approximately 25% of total industry revenue in 2017 due to high number of installations related to chemical processing industries along with growing oil & gas sector mainly due to shale boom witnessed by U.K.
Growth Factors:
- Increasing demand for strain gauge pressure sensors in automotive and aerospace industries due to the advantages offered by these sensors over other types of pressure sensors.
- Growing popularity of smart technologies and the Internet of Things (IoT) is expected to drive the demand for strain gauge pressure sensors in the near future.
- Rising awareness about the benefits of using strain gauge pressure sensors in various industrial applications is projected to boost market growth during the forecast period.
- Technological advancements in sensor design and manufacturing are likely to create new opportunities for market growth over the next few years. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Strain Gauge Pressure Sensor Market Research Report
By Type
Analog Output, Digital Output
By Application
Gas And Oil Fields, Dangerous Gases, Chemical, Other
By Companies
OMEGA Engineering, AEP transducers, Sensata Technologies, FUTEK Advanced Sensor Technology, Hunan Firstrate Sensor, Matsushita Electric Works, HBM Germany, OMEGA Engineering
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
223
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Strain Gauge Pressure Sensor Market Report Segments:
The global Strain Gauge Pressure Sensor market is segmented on the basis of:
Types
Analog Output, Digital Output
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Gas And Oil Fields, Dangerous Gases, Chemical, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- OMEGA Engineering
- AEP transducers
- Sensata Technologies
- FUTEK Advanced Sensor Technology
- Hunan Firstrate Sensor
- Matsushita Electric Works
- HBM Germany
- OMEGA Engineering
Highlights of The Strain Gauge Pressure Sensor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Analog Output
- Digital Output
- By Application:
- Gas And Oil Fields
- Dangerous Gases
- Chemical
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Strain Gauge Pressure Sensor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A strain gauge pressure sensor is a type of electronic sensor that measures the force applied to it by an external force. This type of sensor is often used in industrial and automotive applications, where accurate measurements are required for things like fluid flow or pressure readings.
Some of the major companies in the strain gauge pressure sensor market are OMEGA Engineering, AEP transducers, Sensata Technologies, FUTEK Advanced Sensor Technology, Hunan Firstrate Sensor, Matsushita Electric Works, HBM Germany, OMEGA Engineering.
The strain gauge pressure sensor market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Strain Gauge Pressure Sensor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Strain Gauge Pressure Sensor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Strain Gauge Pressure Sensor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Strain Gauge Pressure Sensor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Strain Gauge Pressure Sensor Market Size & Forecast, 2018-2028
4.5.1 Strain Gauge Pressure Sensor Market Size and Y-o-Y Growth
4.5.2 Strain Gauge Pressure Sensor Market Absolute $ Opportunity
Chapter 5 Global Strain Gauge Pressure Sensor Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Strain Gauge Pressure Sensor Market Size Forecast by Type
5.2.1 Analog Output
5.2.2 Digital Output
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Strain Gauge Pressure Sensor Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Strain Gauge Pressure Sensor Market Size Forecast by Applications
6.2.1 Gas And Oil Fields
6.2.2 Dangerous Gases
6.2.3 Chemical
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Strain Gauge Pressure Sensor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Strain Gauge Pressure Sensor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Strain Gauge Pressure Sensor Analysis and Forecast
9.1 Introduction
9.2 North America Strain Gauge Pressure Sensor Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Strain Gauge Pressure Sensor Market Size Forecast by Type
9.6.1 Analog Output
9.6.2 Digital Output
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Strain Gauge Pressure Sensor Market Size Forecast by Applications
9.10.1 Gas And Oil Fields
9.10.2 Dangerous Gases
9.10.3 Chemical
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Strain Gauge Pressure Sensor Analysis and Forecast
10.1 Introduction
10.2 Europe Strain Gauge Pressure Sensor Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Strain Gauge Pressure Sensor Market Size Forecast by Type
10.6.1 Analog Output
10.6.2 Digital Output
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Strain Gauge Pressure Sensor Market Size Forecast by Applications
10.10.1 Gas And Oil Fields
10.10.2 Dangerous Gases
10.10.3 Chemical
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Strain Gauge Pressure Sensor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Strain Gauge Pressure Sensor Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Strain Gauge Pressure Sensor Market Size Forecast by Type
11.6.1 Analog Output
11.6.2 Digital Output
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Strain Gauge Pressure Sensor Market Size Forecast by Applications
11.10.1 Gas And Oil Fields
11.10.2 Dangerous Gases
11.10.3 Chemical
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Strain Gauge Pressure Sensor Analysis and Forecast
12.1 Introduction
12.2 Latin America Strain Gauge Pressure Sensor Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Strain Gauge Pressure Sensor Market Size Forecast by Type
12.6.1 Analog Output
12.6.2 Digital Output
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Strain Gauge Pressure Sensor Market Size Forecast by Applications
12.10.1 Gas And Oil Fields
12.10.2 Dangerous Gases
12.10.3 Chemical
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Strain Gauge Pressure Sensor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Strain Gauge Pressure Sensor Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Strain Gauge Pressure Sensor Market Size Forecast by Type
13.6.1 Analog Output
13.6.2 Digital Output
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Strain Gauge Pressure Sensor Market Size Forecast by Applications
13.10.1 Gas And Oil Fields
13.10.2 Dangerous Gases
13.10.3 Chemical
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Strain Gauge Pressure Sensor Market: Competitive Dashboard
14.2 Global Strain Gauge Pressure Sensor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 OMEGA Engineering
14.3.2 AEP transducers
14.3.3 Sensata Technologies
14.3.4 FUTEK Advanced Sensor Technology
14.3.5 Hunan Firstrate Sensor
14.3.6 Matsushita Electric Works
14.3.7 HBM Germany
14.3.8 OMEGA Engineering
