According to the latest report by IMARC Group, titled "Pressure Transmitter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on pressure transmitter market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global pressure transmitter market size reached US$ 3.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.8 Billion by 2028, exhibiting a growth rate (CAGR) of 2.3% during 2023-2028.
A pressure transmitter represents a sensor that regulates the compression applied over a liquid, fluid, or gas. It measures quick changes in pressure, which are transformed into mechanical energy and electric current. These devices also comprise an electronic amplifier and a pressure transducer to transmit the current accurately. They are commonly used with other appliances to measure depth, water flow, altitude, and pressure loss to prevent any leakages in industrial equipment. These devices are immune to radiation and electromagnetic fields. Consequently, they find wide applications across numerous sectors, including chemical, oil and gas, power generation, food & beverage (F&B), metals & mining, etc.
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Market Trends:
The emerging trend of automation for industrial optimization is among the key factors driving the pressure transmitter market. Moreover, the integration of digital communication interfaces that offer remote calibration and diagnostics is rapidly replacing traditionally used analog pressure transmitters, which is also stimulating market growth. Besides this, the rising usage of pressure transmitters in consumer electronics for indoor navigation and creating an overall user-friendly interface, among other purposes, is acting as another significant growth-inducing factor.
Furthermore, the increasing utilization of these devices for transmitting blood pressure information from the catheter to the patient monitoring system is further propelling the global market. Apart from this, the widespread adoption of the product by steam sterilizers used in hospitals to regulate the quality of steam produced by maintaining the pressure inside the sterilization chamber is positively influencing the market growth. Additionally, the growing investments in the energy industry and the escalating demand for technologically advanced variants to reduce human errors are anticipated to fuel the pressure transmitter market over the forecasted period.
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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 (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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