Global and China Linear Variable Displacement Transducers (LVDT) Market Size
Global and China Linear Variable Displacement Transducers (LVDT) market to surpass USD 1389.4million by 2030 from USD 693.1 million in 2018 at a CAGR of 6.00% throughout the forecast period, i.e. 2019-30.
The linear variable differential transformer is also known as the LVDT Transducer located in the turbine control system. It is the most common type of electromechanical transducer used to convert mechanical motion or vibration, specifically rectilinear motion, to variable electrical current, voltage, or electrical signals, and vice versa. The piezoelectric material is one type of transducer used primarily as a piezoelectric transducer that can be easily measured using energy measurement instruments. LVDTs are primarily used in the aerospace, automotive, and military industries in a wide variety of applications including aerospace valves, actuators, power turbines, hydraulics, satellites, and nuclear reactors. Linear encoders are a type of sensor that is also used in the transducer. It is also used in applications such as positioning tables and laboratories and is also widely used in motion control systems, robots, and machine tools.
Market Highlights
Global and China Linear Variable Displacement Transducers (LVDT) market is expected to project a notable CAGR 6.00% in 2030
Global and China Linear Variable Displacement Transducers (LVDT) market to surpass USD 1389.4 million by 2030 from USD 693.1 million in 2018 at a CAGR of 6.00% throughout the forecast period, i.e. 2019-30.The Global and China Linear Variable Displacement Transducers (LVDT) market is expected to observe growth in the future. Factors such as technological advancement in automotive safety and infotainment systems, along with growing developments in manufacturing process automation, are expected to drive the LVDT industry.
Recent Highlights of Global and China Linear Variable Displacement Transducers (LVDT) Market:
November 2018-Keyence has released a new VR-5000 wide-area 3D measurement system. The VR series can be measured over 30 mm in just one second, with a maximum measurement range of 200 mm x 100 mm.
Global and China Linear Variable Displacement Transducers (LVDT) Market: Segments
AC segment to grow with the highest CAGR during 2019-30
Global and China Linear Variable Displacement Transducers (LVDT) market is segmented by type into AC and DC. UV segment held the largest market share of USD 693.1 million in the year 2018 and is anticipated to dominate the global market throughout the forecast. The increase in demand for applications in the automotive and transport industries is expected to drive the market in the forecast period.
Military/Aerospace segment to grow with the highest CAGR during 2019-30
Global and China Linear Variable Displacement Transducers (LVDT) market is segmented by application into Military/Aerospace, Power Generation, Petrochemical, and Automotive industries. The military/Aerospace segment held the largest market share of USD 693.1 million in the year 2018 and is expected to maintain this trend throughout the forecast period. The application of LVDTs in aerospace is extensive in engines, flight controls, nose wheel steering, and pilot control for continuous monitoring.
Market Dynamics
Drivers
Rise in Need for LVDT Sensor
The rapid growth of safety and protection systems, in addition to advances in driving assistance systems as well as in electric vehicles, boosts the market for inductive & LVDT sensors. Low switching costs, along with many suppliers, moderate the negotiating power of buyers in the inductive & LVDT sensor industry. However, the presence of multiple suppliers, lack of technology differentiation and high initial costs are forcing participants to compete as commodities suppliers.
Covid-19 impact on Global and China Linear Variable Displacement Transducers (LVDT) Market
With the advent of coronavirus majority of industries have stopped their business operations due to social distancing norms and the supply chain has also been adversely affected since the raw materials are unable to reach the manufacturing units causing disturbances. However, the post-COVID-19 impact results In the V-curve recovery growth owing to the rise in demand for the LVDT in the aerospace sector.
Global and China Linear Variable Displacement Transducers (LVDT) Market: Regions
Global and China Linear Variable Displacement Transducers (LVDT) market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA.
Global and China Linear Variable Displacement Transducers (LVDT) market in North America held the largest market share of XX.X% in the year 2018 and will continue to dominate the market throughout the forecast period. Also, China and India are the main markets for the region. In terms of production, the two countries account for a large share of the LVDT market in the region. North America dominates the market for inductive and LVDT sensors since they are commonly used in applications such as automation, aircraft, power turbines, satellites, hydraulics, nuclear reactors, and many others that are already booming in the region.
Global and China Linear Variable Displacement Transducers (LVDT) market is further segmented by region into:
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – the United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
- APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and the Rest of APAC
- MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global and China Linear Variable Displacement Transducers (LVDT):
Key Players
- RDP Electrosense Inc
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Micro-Epsilon
- Trans-Tek Incorporated.
- KEYENCE CORPORATION
- TE Connectivity.
- OMEGA Engineering Inc
- AMETEK. Inc.
- Other Prominent Players
Global and China Linear Variable Displacement Transducers (LVDT) market report also contains analysis on:
Linear Variable Displacement Transducers Market Segments:
- By Type
- AC
- DC
- By Application
- Military/Aerospace
- Power Generation
- Petrochemical
- Automotive Industry
- Linear Variable Displacement Transducers Market Dynamics
- Linear Variable Displacement Transducers Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
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