Unprecedented Demand for Ventilators Strikes Semicon Manufactures amid COVID-19 Pandemic
Due to the rising COVID-19 cases in Germany, Brazil, and India, there has been an unprecedented demand for ventilators to treat patients. WIKA USA – a measuring instruments supplier in Gonzales, Louisiana, has stepped up its manufacturing for their MG-1 medical pressure transducers. Since the novel infection is causing increased respiratory distress, healthcare facilities are in need of mechanical ventilator supplies that deliver precise levels of oxygen and air that patients need until they fully recover.
The growing incidence of Acute Respiratory Distress Syndrome (ARDS) in coronavirus patients has triggered the demand for ventilators. Since the business in automotive and chemical industries has slowed down, manufacturers in the pressure transducer market are focusing on ventilator supply, pharmaceutical, and F&B (Food & Beverage) industries to keep the economies running.
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These factors are expected to drive the pressure transducer market during the forecast period.
Awareness of Measurement Type, Process Media Prevents Instability in Transducers
The pressure transducer market is slated to clock a sluggish CAGR of ~3% during the assessment period. However, pressure transducers are associated with moderate accuracy subject to drift or instability and delayed response to shock & vibration conditions. Hence, companies should increase awareness about different criteria before choosing a pressure transducer such as pressure range, application & measurement type and process media to help make customers make an informed decision.
Pressure transducers are gaining prominence in liquid power applications, which demand an accurate and high-resolution force determination. These devices are being utilized in closed-loop pumps for checking pump operation characteristics.
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Cellular Pressure Transducers Communicate Directly with Data Portals, Devices
Apart from innovating in pressure transducers, manufacturers are offering discounted prices and low inventory costs for their clients. Transducers Direct – a pressure transducer and pressure sensor manufacturer, is offering customized products and topnotch technical support to its clients to boost credibility and expand revenue streams.
Wireless pressure transducers with integrated cellular communication are a novel introduction in the pressure transducer market. These devices are making monitoring temperature and pressure easier than conventional transducers. Manufacturers in the pressure transducer market are boosting their production capabilities in cellular pressure transducers that are quick & easy to install and communicate directly to a provider’s secure data portal where the offer 24/7 technical and customer support. These transducers are making it possible to monitor any number of sensors from any device or laptop.
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MEMS Technology Grows Ideal for Automation, Industrial Processes
Apart from medical devices and the healthcare industry, manufacturers in the pressure transducer market are tapping into incremental opportunities in automation, hydraulics, and aeronautics industries. Es Systems – a provider of high quality and innovative sensor solutions for industrial & medical field, is gaining recognition for its transducers based on capacitive micro-electromechanical systems (MEMS) technology, which is ideal for automation and industrial processes.
The MEMS technology is acquiring popularity in specialized medical technology applications. Companies in the pressure transducer market are unlocking growth opportunities in automated pneumatic assembly applications, pressure valves, and blocked filter detection applications with the help of the MEMS technology.
Collaborations with European Universities Help Gain Competitive Edge
A plethora of applications such as plastic & rubber injection presses, farming & Earth-moving machinery, and steam treatment plants is creating revenue opportunities for stakeholders in the pressure transducer market. However, the market is expected to grow at a sluggish pace due to its potentially fragmented landscape. Hence, companies should increase their investment in R&D to gain market dominance.
Companies in the pressure transducer market are bolstering their output capacities in devices meant for heat exchange systems, materials testing machines, and blow molding machines. For instance, Gefran Transducers are being utilized in automated production lines, equipment test benches, and the food industry. Companies are joining forces with the best European universities and working closely with their own customers to develop devices that satisfy customer requirements.
Pressure Transducer Market: Overview
- According to Transparency Market Research’s latest research report on the global pressure transducer market for the historical period of 2017–2019 and the forecast period of 2021–2031, increasing usage of pressure transducers in the process industry across the globe is the major factor expected to boost the global pressure transducer market during the forecast period
- In terms of revenue, the global pressure transducer market is estimated to exceed the value of US$ 5.6 Bn by 2031, expanding at a CAGR of ~3% during the forecast period
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