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 size. 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.
The pressure transmitter market has been growing steadily over the past few years and is expected to continue its upward trend in the near future. Pressure transmitters are devices that convert pressure into electrical signals, which can be used to monitor and control various industrial processes. They are widely used in industries such as oil and gas, chemicals, power generation, and water treatment, among others.
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Market Trends:
One of the key drivers of the pressure transmitter market is the growing demand for accurate and reliable pressure measurement in various industrial applications. Pressure transmitters are critical components in many industrial processes, where even minor variations in pressure can have a significant impact on product quality, safety, and efficiency. With the increasing focus on process optimization and automation, pressure transmitters have become an essential tool for industrial operators to monitor and control their processes. Another factor driving the growth of the pressure transmitter market is the increasing adoption of wireless technology. Wireless pressure transmitters offer several advantages over traditional wired transmitters, including reduced installation and maintenance costs, improved flexibility and scalability, and better reliability and security. As a result, wireless pressure transmitters are becoming increasingly popular in industries such as oil and gas, where remote monitoring of pressure and temperature is critical for safe and efficient operations. The oil and gas industry is one of the largest end-users of pressure transmitters, accounting for a significant portion of the overall market. Pressure transmitters are used in various applications in the oil and gas industry, such as wellhead pressure monitoring, pipeline monitoring, and flow control. The growing demand for oil and gas, coupled with the increasing focus on safety and efficiency, is expected to drive the demand for pressure transmitters in the industry. The chemical industry is another major end-user of pressure transmitters, where they are used for various applications such as reactor pressure monitoring, distillation column pressure control, and pipeline pressure monitoring. With the increasing demand for specialty chemicals and advanced materials, the demand for pressure transmitters in the chemical industry is expected to grow in the coming years.
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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