Global Pressure Transmitter Market by Fluid Type (Liquid, Steam, and, Gas), Application (Flow, Level and Pressure), Type (Absolute Pressure Transmitter, Liquid Pressure Transmitter, Multivariable Pressure Transmitter, Differential Pressure Transmitter), by Industry (Oil & Gas, Chemicals, Water and Wastewater, Food & Beverages , Metal & Mining , Pulp & Paper and Others) and Region (North- America, Europe, Asia-Pacific, Middle East & Africa, South America) –is expected to reach US$ 3.89 Bn by 2027, at a CAGR of 3.98 %.
Pressure transmitters are sensors that produce an analog or digital signals based on the amount of pressure applied over liquids or gasses. Pressure transmitters contain an electronic amplifier and a pressure transducer in a single set so that measured data can be transferred to long distances without the institution of electrical noise or loss of accuracy.
High emphasis on industrial automation and optimum utilization of resources, technological progressions in the industrial and consumer appliances, growing necessity of maintenance to increase the life of industrial equipment, and then some features of the pressure transmitter such as hitch do not get influenced by radiation and electromagnetic fields are the major factors which drive the growth of the pressure transmitter market.
However, inventive and superior technology is used in electronic devices and mechanical equipment and fluctuating market trend saw in end-user industries, which restrain the global pressure transmitter market. Concern over growth in emerging countries and assigning of Greenfield projects are the major challenge faced by the growth of the global pressure transmitter market. Rising demand for multivariable pressure transmitters is projected to create opportunities in the global pressure transmitter market.
Differential pressure transmitter is expected to dominate the market
The differential pressure transmitter is expected to hold the highest market share during the forecast period because they are widely used in the measurement of pressure, level, and flow. Also, differential pressure transmitters are used for oil and gas flow metering in onshore, offshore, and subsea applications, observing of filters in water treatment plants, remote sensing of heating systems for steam and pump controller monitoring. These applications are propelling the growth of the differential pressure transmitter.
Level measurement applications hold the largest share
Level measurement applications are expected to grow rapidly in the near future owing to the use of pressure transmitters in completely inside the liquid or mounted outside on tanks, relying on the nature of its application. Also, pressure transmitters are widely used in diesel tanks, as well as chemicals, petrochemicals, water & wastewater, and numerous process industries. Level measurement of the liquid is done by differential pressure transmitters because of that the Level measurement applications are growing in the global market.
This report contains a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Emerson, ABB, Siemens, General Electric, Schneider, Yokogawa, Honeywell, Endress+Hauser, WIKA, Dwyer, Setra, Omega Engineering, Aplisens, Ashcroft, Fuji Electric, Hitachi, Azbil Corporation, Krohne, Vega, Danfoss, Jumo, Brooks Instrument and BDISensors.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global pressure transmitter market. Report encompasses the market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for making informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global pressure transmitter database market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain the global pressure transmitter database market positioning of competitors.
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