The Canada pressure sensor market will grow at a CAGR of 0.49% to reach a total market size of US$ 81.49 million in 2023 from US$ 79.13 million in 2017 during the forecast period. Increasing healthcare expenditure and rising expenditure on the research and development of advanced medical devices will drive the demand for a pressure sensor in this country. The automotive production is projected to grow at a moderate rate over the years, which will further add to the demand for pressure sensors. Government initiatives to promote the use of zero-emission vehicles and increase the country’s manufacturing output will boost the demand for pressure sensors over the next five years.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the pressure sensors value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the market.
Major industry players profiled as part of the report are NXP Semiconductor, Honeywell International Inc., Rockwell Automation, Mitsubishi Heavy Industries, General Electric, and PCB Piezotronics among others.
The Canada pressure sensor market has been analyzed through following segments:
Absolute pressure measurement
Differential pressure measurement
Gauge pressure measurement
Piezoresistive Pressure Sensor
Electromagnetic Pressure Sensor
Optical Pressure Sensor
Resonant Solid State Pressure Sensor
Capacitive Pressure Sensor
By End Users
Energy and Power
Oil and Gas
Key insights offered
What will be the Canada pressure sensor market size from 2017 to 2023?
How are the major drivers and restraints affecting the Canada pressure sensor market growth and the opportunities which exist for key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants’ behaviour
Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.