Share
Global and China Linear Variable Displacement Transducers (LVDT) Market Segments: By Type (AC Type, DC Type); By Application (Military/Aerospace, Power Generation, Petrochemical, and Automotive Industry); and Region - Analysis of Market Size, Share & Trends for 2014 - 2019 and Forecasts to 2030
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.
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.
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 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.
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.
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 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.
Select License Type
Select License Type
FATPOS CLIENT Appriciation DURING THE PROJECT
Working with Fatpos Global, allowed us to take advantage of their knowledge and easy approach, allowing us to collect important data utilizing a variety of techniques. The results were clearly presented and explained, and FG responded to our questions with speed and expertise.
|
Swiss-based global building materials manufacturer |
The analyses and presentations Fatpos Global have produced for us have been of a very high caliber and have allowed us to proactively improve our customer relationship management. They have also done so while maintaining complete anonymity. Without any doubt, we suggest Fatpos Global to you.
|
|
Tech-powered construction company |
We appreciate the team’s punctuality, flexibility in terms of report modification, post report purchase support and pleasant reaction all around. Overall, my experience with this company was nothing but positive, and I couldn't be more grateful for their excellent service. Thank you for all that you do!
|
|
American global management consulting firm |
We are able to concentrate on the topics and implications that are most important to our clients thanks to the adaptability and responsiveness of the team at Fatpos Global. We would highly recommend this company to anyone in need of their services, and I will certainly be using them again in the future.
|
|
Headquartered in Zug, Switzerland, leading supplier of medical and surgical instrument |
To better study our client demographics, develop the ideal product-price architecture, and enhance our target marketing initiatives, we hired Fatpos Global. Every component of the project was completed, and we are very happy with the useful insights and actionable results.
|
|
Kosovan company, A leading organic fertilizers producer |
Thank you for your team's generous assistance, The final report was delivered to me, and I find it to be really helpful. Also, you may be sure that I will get in touch with you if I ever require fresh materials for market research. Gratitude once more.
|
|
German specialty chemicals company based in Cologne, Germany |
