North America Pressure Sensors Market Report and Forecast 2024-2032

North America Pressure Sensors Market Size

The North America pressure sensors market is projected to grow at a CAGR of 8.90% between 2024 and 2032.

Key Takeaways

• Out of 1.4 million plug-in electric vehicles sold in the U.S. in 2023, 80% were battery electric vehicles, which use pressure sensors in their systems.

• According to the US Energy Information Administration (EIA), US natural gas consumption hit a record high of 118 billion cubic feet per day in January.

• Smart Buildings Initiative by the Canadian government is aimed at saving energy in federal buildings. It employs pressure sensors to monitor and control various systems in the buildings.

Pressure sensors are in high demand across industries like aerospace, automotive, healthcare, and consumer goods. The North America pressure sensors market development is driven by advancements in measurement technology, leading to a wide range of pressure and level measuring devices tailored for diverse applications in labs, engineering, and process technology.

Pressure sensors are used in various safety systems in modern cars like advanced driver-assistance systems, tyre pressure monitoring systems, airbag deployment, and engine management. At home, they are used for optimised water usage in dishwashers and washing machines, improved temperature control in refrigerators, and enhanced safety through leak detection systems. Furthermore, safe and efficient natural gas transportation necessitates the use of pressure sensors.

In electric vehicles, pressure sensors are crucial for managing battery performance, ensuring optimal thermal conditions, and guaranteeing the safe operation of high-voltage systems in electric vehicles. In January 2024, Melexis launched MLX90830, triphibian pressure sensors set to revolutionise EV thermal management. Technological innovations like these are supporting North America pressure sensors market growth.

The wireless pressure sensors market share is steadily increasing, as it provides many benefits like portability, enhanced safety, and cost-effectiveness. Wireless pressure systems are also used in consumer products, industrial automation and manufacturing, pool pump systems, and more, which is contributing to a strong growth rate. Technological developments also contribute to the demand for wireless pressure sensors. For instance, in September 2023, Baker Hughes announced the launch of the first hydrogen pressure sensor, Druck hydrogen-rated pressure sensor. 

The development of IoT-integrated pressure sensors is further propelling the growth of the market. IoT pressure sensors are crucial in the development of smart homes, smart factories, and smart cities. For instance, in April 2022, Trusted A/S launched their new RHTP tracking device and data logger series that featured high-precision temperature, humidity and pressure sensor in one single wireless IoT device.

North America Pressure Sensors Market Report Snapshots

North America Pressure Sensors Market Size

North America Pressure Sensors Companies