Pressure Transmitter Market Outlook, Demand, Trends, Business Strategies and Forecast 2022-2027
According to the latest report by IMARC Group, titled "Pressure Transmitter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," offers a comprehensive analysis of the industry, which comprises insights on pressure transmitter market growth. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global pressure transmitter market reached a value of US$ 2.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.7 Billion by 2027, exhibiting a CAGR of 4.2% during 2022-2027.
Pressure transmitters are pressure sensor tools which assist in measuring fluid pressure, ensuring accurate process measurements and enhanced safety and productivity. They record valuable information, identify patterns, and implement changes to the machinery to prevent impending failures during the manufacturing process. When pressure is applied to the transmitter, the diaphragm deflects, causing strain which produces an electrical resistance proportional to the pressure change. Pressure transmitters are available in both analog and digital variants, and they are compatible with a variety of gases and liquids.
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Global Pressure Transmitter Market Trends:
The market is primarily driven by the rapid utilization of Industrial Internet of Things (IIoT) for industrial automation across the globe. This can be attributed to the rising need for optimum utilization of available resources and an enhanced focus on real-time data analysis and predictive maintenance for industrial processes. Additionally, the increasing product adoption for blood pressure monitoring in the healthcare sector is further propelling the market. Some of the other factors contributing to the market growth include the advent of Industry 4.0, escalating demand for user-friendly interfaces and indoor navigation in consumer electronics and easy product availability across online and offline organized retail channels.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- ABB Ltd.
- Dwyer Instruments Inc.
- Emerson Electric Co.
- Endress+Hauser Consult AG
- General Electric Co.
- Honeywell International Inc.
- Sensata Technologies Inc.
- SensorONE Ltd.
- Siemens AG
- Yokogawa Electric Corporation
Market Segmentation:
Our report has categorized the market based on region, type, sensing technology, fluid type, application and end-use industry.
Breakup by Type:
- Absolute Pressure Transmitters
- Gauge Pressure Transmitters
- Differential Pressure Transmitters
- Multivariable Pressure Transmitters
Breakup by Sensing Technology:
- Strain Gauge
- Capacitive
- Piezoelectric
- Others
Breakup by Fluid Type:
- Liquid
- Steam
- Gas
Breakup by Application:
- Flow
- Level
- Pressure
Breakup by End-Use Industry:
- Oil & Gas
- Power Generation
- Water & Wastewater
- Food & Beverages
- Chemicals
- Metals & Mining
- Pulp & Paper
- Pharmaceuticals
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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