Global Pressure Transmitter Market, By Product (Absolute Pressure Transmitters, Gauge Pressure Transmitters, Differential Pressure Transmitters, Multivariable Pressure Transmitters), Fluid (Liquid, Steam, Gas), Application (Flow, Level, Pressure), End Users (Oil and Gas, Power, Water and Wastewater, Food and Beverages, Chemicals, Metals and Mining, Pulp and Paper, Pharmaceuticals, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Pressure Transmitter Market
The pressure transmitter market is expected to witness market growth at a rate of 3.86% in the forecast period of 2021 to 2028 and is expected to reach USD 3.82 billion by 2028. Data Bridge Market Research report on pressure transmitter market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rising popularity of automation for industrial optimization is escalating the growth of pressure transmitter market.
Pressure transmitter refers to pressure sensor tool which assists in the measurement of pressure in liquids, gases and fluids and extensively used in the automotive and industrial applications. They measure the pressure in the machinery to alert about the catastrophe situations beforehand using various mechanisms. The numerous levels of pressure is displayed via have round gauge with different colors. These prevent leakage in the industrial system by measuring altitudes, depth, pressure loss and water flow combining with other devices.
The rise in the adoption of industrial automation by manufacturing industries across the globe owing to its benefits such as enhancement of product quality, better productivity, reduction of operational cost and maintenance of health and safety during various processes act as the major factors driving the pressure transmitter market. The inclination of both process and discrete industries towards incorporating automated systems and digital communication interfaces over traditional analog transmitters to use remote calibration and diagnostics resulting in better plant efficiency also act as a driver for the pressure transmitter market. Pressure transmitters are utilized in consumer electronics sector for the purpose of user-friendly interface and indoor navigation and they also find their application in the healthcare sector as they transmit blood pressure information from the catheter to the patient's monitoring system which accelerates the pressure transmitter market growth. They could be seen inside the hospitals maintaining the pressure of the sterilization chamber to regulate the quality of produced steam. Additionally, increase in the technological advancements to minimize human errors and rising investment in the energy sector positively affect the pressure transmitter market. Furthermore, the growing demand for multivariable pressure transmitters extends profitable opportunity to the pressure transmitter market players in the forecast period of the 2021 to 2028.
On the other hand, the shift in market trends in the end user industries is expected to obstruct the pressure transmitter market growth. The increase in commissioning of Greenfield projects and concerns over the product growth in emerging economies are projected to challenge the pressure transmitter market in the forecast period of the 2021-2028.
This pressure transmitter market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on pressure transmitter market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Pressure Transmitter Market Scope and Market Size
The pressure transmitter market is segmented on the basis of product, fluid, application and end users. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the pressure transmitter market is segmented into absolute pressure transmitters, gauge pressure transmitters, differential pressure transmitters and multivariable pressure transmitters.
- On the basis of fluid, the pressure transmitter market is segmented into liquid, steam and gas.
- On the basis of application, the pressure transmitter market is segmented into flow, level and pressure.
- On the basis of end users, the pressure transmitter market is segmented into oil and gas, power, water and wastewater, food and beverages, chemicals, metals and mining, pulp and paper, pharmaceuticals and others. Others are further segmented into agriculture and livestock, textiles, plastics, cement and HVAC.
Global Pressure Transmitter Market Country Level Analysis
The pressure transmitter market is analyzed and market size, volume information is provided by country, product, fluid, application and end users as referenced above.
The countries covered in the pressure transmitter market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the pressure transmitter market due to the presence of prominent key players, large number of industrial wastewater treatment plants and publicly owned treatment works (POTW) and growth in oil and gas activities in the region. Asia-Pacific is expected to witness the highest CAGR in the forecast period of 2021-2028 because of the rise in the production rate of electronics and automotive sectors and expansion of oil and gas industry in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Pressure Transmitter Market Share Analysis
The pressure transmitter market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to pressure transmitter market.
The major players covered in the pressure transmitter market report are ABB, Emerson Electric Co., Siemens AG, GENERAL ELECTRIC, Schneider Electric, Endress+Hauser Management AG, Yokogawa Electric Corporation, Honeywell International Inc., WIKA Alexander Wiegand SE & Co. KG, Dwyer Instruments Inc., Fuji Electric Co. Ltd., Hitachi Ltd., Azbil Corporation, KROHNE Ltd, JUMO GmbH & Co. KG, BD SENSORS GmbH, Setra Systems, Spectris, Aplisens S.A., Ashcroft Inc., SensorsONE Ltd, Mitsubishi Electric Corporation and Sensata Technologies Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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