Market Research Reports

  Massive penetration of pressure sensors in industrial applications such as hydraulics, water management, pneumatics, off-highway vehicles, pumps and compressors, and refrigeration systems will boost the market. A large number of industry players are competing with each other to acquire a major chunk of market share through new product and technology launches along with forming the strategic partnerships, joint ventures, and capacity expansions. All these strategies are adopted by the industry players for fulfilling the immense demand for new products from various business verticals. According to Allied Market Research Report, the global pressure sensor market is anticipated to accrue $24.84 billion by 2027. Following are the few of the trends witnessed across the pressure sensors market. Industry players have implemented new product launches as a key business strategy to expand their existing product line or extend their product line [PK1]   . Continental AG, a German automotive c

  The need for improving energy performance, reducing power consumption, and demand for sustainable technologies drives the penetration of power electronics systems across the globe. Governments across the globe are focusing on energy harvesting and reduction of fuel emissions from vehicles. Hence, they are promoting the production and use of electric and hybrid vehicles. Moreover, smart power electronics systems have immense applications in electric and hybrid vehicles. This will drive the demand for power electronics. The autonomous vehicle has become a current trend and a catchphrase in the automotive industry. Hence, players in the automotive industry are focusing on producing autonomous vehicles, thereby generating a huge demand for smart power electronics systems. The Industrial 4.0 revolution will leverage demand for power electronics in automotive, consumer electronics, utilities, military & defense, and power & energy sectors. As per Allied Market Research Report, the