Pressure Sensor Market expected to register a CAGR of 4.4% from 2022 to 2030.
Pressure Sensor Industry Overview The global pressure sensor market was valued at USD 17.81 billion in 2021 and is expected to register a compound annual growth rate (CAGR) of 4.4% from 2022 to 2030. The market growth can be attributed to the rising demand for energy-efficient pressure sensors for consumer electronics, automotive, and portable healthcare wearables. Pressure sensors are witnessing significant growth, owing to their increasing use across industries for applications such as alarm systems, water purifiers, medical breathing appliances, refrigeration systems, and off-road constructions. Moreover, people are moving towards more automation-based solutions and services, which also leads to an increasing focus on IoT-based devices due to their innovative and advanced applications. Gather more insights about the market drivers, restrains and growth of the Global Pressure Sensor Market The growing use of pressure sensors in household appliances such as refrigerator...