The Global Pressure Transmitter Market, according to MRFR, is estimated to grow at a CAGR of roughly 43% during the forecast period of 2017-2023.
Some of Major Players in Global Pressure Transmitter Market are:
Yokogawa Electric Corporation (Japan), Emerson Electric Company (U.S.), Endress+Hauser AG (Switzerland), Honeywell International, Inc. (U.S.), ABB Ltd. (Switzerland), Siemens AG (Germany), Schneider Electric SE (Germany), General Electric (U.S.), Dwyer Instruments, Inc. (U.S.), WIKA Alexander Wiegand SE & Co. KG (Germany), and others.
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Market Synopsis:
Pressure transmitters are capable of withstanding certain environmental conditions, such as water or fluid submergence. They are made of piezoelectric materials which are not affected by radiation and electromagnetic fields, which also contribute to global market development. They are conveniently connected to the electrical circuits and able to calculate ambient pressure, which in effect propels the development of the global economy. Due to technological advancements in industrial and consumer electronics, the pressure transmitter market is expected to see strong growth. The factors driving the pressure transmitter market ‘s growth consist of growing automation demand across all process industries, having to maximize resources, and enhancing efficiency, safety and protection. Power, chemical, water, and pharmaceutical industries are poised to see pressure transmitters deployed. In addition, the need for automation to reduce human errors in process industries is fuelling the market. The latest development on the market for automation pressure transmitters is the demand for a smart and cost-effective device comprising digital communication interfaces. The demand for traditional analog output pressure transmitters is anticipated to continue declining over the forecast period , due to the above-mentioned reason. The explanation for this pattern change is the rise in wireless networking facilities, thus reducing the need for cabling. Nevertheless, the use of advanced and superior technology in electronic gadgets and mechanical equipment requires high maintenance costs, which can limit the global demand for pressure transmitters.
Market Segmentation:
The global pressure transmitter market is segmented by type, sensing technology, communication protocol, application, and industry. By type, the market consists of absolute transmitters, gauge, differential pressure and multivariable pressure. The section of the contact protocol includes HART (Highway Addressable Remote Transducer) and HART Wireless, Foundation Fieldbus, Profibus, and others. The section of sensing technology involves piezoelectric, capacitive, piezoresistive, strain gauge and others. The section of application consists of the flow, volume, and pressure. The vertical section includes oil & gas, food & beverage, water & wastewater, pulp & paper, metal & mining, chemicals , energy, pharmaceutical and others.
Regional Outlook:
The global pressure transmitter market is studied in Europe, North America, Asia Pacific, and Rest of the World.
It has been noted that North America market is anticipated to develop at the highest CAGR in the global pressure transmitter market. North America pressure transmitter market has primarily been benefited from developing commercial markets and industrial growth in this region. Expansion of the automotive sector and demand for electronic pressure transmitters are factors contributing to the growth of the market in the US, Canada, and Mexico.
Europe market accounts for the second-highest share in the pressure transmitter market.
At the highest CAGR the Asia Pacific market is expected to expand. The growth in the number of the region’s car and chemical industry is improving the demand for pressure transmitters. Other factors, such as designing a new project, and demand for industrial automation, to improve efficiency with regard to optimized cost. Rising population , urbanization and growth of manufacturing industries in developing countries such as China and India are other factors that drive the growth of the Asia Pacific region market. The Middle East and Africa oil and gas exploration sector is also expected to boost the market for pressure transmitters.
Table of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Pressure Transmitter Market
Continued………..
List of Figures:
FIGURE 1 Global Pressure Transmitter Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Pressure Transmitter Market
FIGURE 4 Value Chain Of Global Pressure Transmitter Market
FIGURE 5 Share Of Global Pressure Transmitter Market In 2017, By Country (In %)
Continued……..
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