Pressure Transmitter Market Size, Share, Growth Factors and Business Opportunities 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 report. 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.
A pressure transmitter refers to a device that is designed to measure and determine the differences in force levels of liquids, fluids, or gases. It is used to generate analog or digital signals and regulate and feed the compression attributes of a particular medium. A pressure transmitter consists of an amplifier, a sensing unit, and an output signal generator to measure the tension levels of industrial liquids and gases. The sensor in this device assists in the conversion of mechanical pressure into a proportional electrical signal. In addition, pressure transmitters are used along with other control systems to measure the depth, water flow, and altitude across various industries, such as petroleum and chemical, metallurgical, power, light, pharmaceutical, food and beverage (F&B), pulp and paper, etc.
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Market Trends:
The elevating requirement for this device, as it can withstand unfavorable environments, is extremely durable, and is immune to radiation and electromagnetic fields, and the expanding oil and gas sector are among the primary factors driving the pressure transmitter market. Besides this, the emerging trend of automation and industrialization across several industry verticals is further augmenting the market growth. Moreover, the use of digital communication interfaces with remote calibration and diagnostics has led to the replacement of conventionally used analog pressure transmitters with their digital counterparts, which is also catalyzing the global market. Apart from this, the extensive research and development (R&D) activities and various technological advancements in the energy sector are acting as significant growth-inducing factors. Additionally, the rising product utilization for indoor navigation and designing a user-friendly interface of consumer electronics is also stimulating the market growth. Furthermore, the escalating demand for this device to regulate the vapor quality in steam sterilizers and communicate blood pressure information from the catheter is expected to bolster the pressure transmitter market in the coming years.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- 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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