The global pressure transmitter market reached a value of US$ 3.19 Billion in 2020. A pressure transmitter is a sensor that regulates the compression applied over a liquid, fluid or gas. The device measures rapid changes in pressure, which are converted into mechanical energy and electric current. It also consists of an electronic amplifier and a pressure transducer to accurately transmit the current. These transmitters are commonly used in combination with other devices to measure depth, water flow, altitude and pressure loss to prevent any leakages in the industrial equipments. They are immune to radiation and electromagnetic fields, owing to which, they find extensive applications across various industry sectors such as chemical, oil and gas, power generation, food & beverages, metals & mining, etc.
The emerging trend of automation for industrial optimization is one of the key factors driving the growth of the market. The integration of digital communication interfaces, which offer remote calibration and diagnostics, is rapidly replacing traditionally used analog pressure transmitters. Besides being increasingly utilized in industrial machinery, these transmitters also find extensive application in consumer electronics for indoor navigation and creating an overall user-friendly interface, among other purposes. Additionally, the continuously rising healthcare sector is also favoring the market growth. Pressure transmitters are used to transmit blood pressure information from the catheter to the patient’s monitoring system. Also, steam sterilizers used in hospitals utilize these transmitters to regulate the quality of steam produced by maintaining the pressure inside the sterilization chamber. Other factors, such as increasing investments in the energy industry, coupled with the enhanced adoption of technologically advanced variants for reducing human errors, are projected to drive the market in the upcoming years. Looking forward, the analyst expects the global pressure transmitter market to reach a value of US$ 4.18 Billion by 2026, exhibiting a CAGR of 4.57% during 2021-2026.
This latest report provides a deep insight into the global pressure transmitter market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the pressure transmitter market in any manner.
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: Asia Pacific China Japan India South Korea Australia Indonesia Others North America United States Canada Europe Germany France United Kingdom Italy Spain Russia Others Latin America Brazil Mexico Argentina Columbia Chile Peru Others
Middle East and Africa Turkey Saudi Arabia Iran United Arab Emirates Others
Competitive Landscape: The competitive landscape of the industry has also been examined 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, etc.
Key Questions Answered in This Report: How has the global pressure transmitter market performed so far and how will it perform in the coming years? What are the key regional markets? Whta has been the imapct of COVID-19 on the global pressure transmitter market? What is the breakup of the market based on the type? What is the breakup of the market based on the sensing technology? What is the breakup of the market based on the fluid type? What is the breakup of the market based on the application? What is the breakup of the market based on the end-use industry? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the market? What is the structure of the global pressure transmitter market and who are the key players? What is the degree of competition in the market?
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