The hydrostatic pressure is one of the important state variables in ph
ase equilibrium, and its generation techniques have been so much devel
oped that it is now possible to study in detail the effect of pressure
on phase transformations. In this overview, the effects of pressure o
n phase transformations, especially on martensitic transformations, ar
e described in detail, centering around our recent systematic work, si
nce there are still a small number of work in this research field. The
effect of hydrostatic pressure on martensitic transformation is funda
mentally brought about through an interaction of the hydrostatic press
ure with the volume change, expansion or contraction, accompanying the
transformations. The volume change is affected by the invar effect in
ferrous invar alloys. Therefore, the hydrostatic pressure effect on m
artensitic transformations may be varied with the type of the martensi
tic transformations, thermoelastic or non-thermoelastic, athermal or i
sothermal, and it also depends on the kind of alloys, invar or non-inv
ar. From this point of view, the hydrostatic pressure effects have bee
n examined for those various types of martensitic transformations in v
arious kinds of alloys, which include Fe-Ni, Fe-Ni-C, Cu-Al-Ni, disord
ered and ordered Fe-Pr, aged Ti-Ni, ausaged Fe-Ni-Co-Ti and Fe-Ni-Mn a
lloys. It is clearly shown that the martensitic transformation start t
emperature, M-s, is decreased or increased with increasing hydrostatic
pressure, depending on whether the volume change is expansion or cont
raction. These changes in M are in good agreement with theoretical cal
culations in which hydrostatic pressure dependences of volume change a
nd invar effect are both taken into consideration, using an equation d
erived by modifying that of Patel and Cohen. Despite those changes in
M-s, martensite morphology is not varied with the hydrostatic pressure
, irrespective of the type of martensitic transformations and the kind
of alloys.