Pressure Transmitter Market Size, Share, Trends, Growth 2030

Pressure Transmitter Industry Perspective:

The global pressure transmitter market size was evaluated at $3.0 Billion in 2022 and is slated to hit $4.1 Billion by the end of 2030 with a CAGR of nearly 3.7% between 2023 and 2030.

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The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketplace. The report covers the geographical market along with a comprehensive competitive landscape analysis. Additionally, the report explores the investor and stakeholder space to help companies make data-driven decisions.

Global Pressure Transmitter Market: Synopsis

Pressure transmitter is also referred to as a pressure sensor tool. It is utilized for measuring pressure in liquids, fluids, and gases. Furthermore, there is a slew of applications of pressure transmitters in the industrial and automotive sectors. Moreover, pressure transmitters are also utilized for measuring the pressures in machinery in order to alert the operators of catastrophe situations. Apart from this, these products are utilized in the consumer electronics sector for user-friendly interfaces and indoor navigation. Furthermore, they also find applications in the healthcare sector to measure blood pressure data.

Moreover, pressure transmitters have varied mechanisms for measuring pressure. This includes the rapid changes in pressure on piezoelectric materials that transform pressure in mechanical force into electric current. Pressure transmitter is used in integration with other devices for measuring altitudes, depth, water flow, and pressure loss for preventing any leakage in the industrial system.

Key Insights

• As per the analysis shared by our research analyst, the global pressure transmitter market is projected to expand annually at the annual growth rate of around 3.7% over the forecast timespan (2023-2030)
• In terms of revenue, the global pressure transmitter market size was evaluated at nearly $3.0 billion in 2022 and is expected to reach $4.1 billion by 2030
• The pressure transmitter industry is anticipated to record massive growth over the forecast period due to the massive use of industrial automation systems such as pressure transmitters for eliminating human intervention.
• Based on type, the differential pressure transmitter segment contributed to a major share of the global market in 2022
• In terms of application, the level segment is predicted to account for a major share of the global market during the predicted timespan.
• On basis of end-user industry, the water & wastewater treatment segment is predicted to record the highest growth rate of 4.5% during the predicted timespan.
• Region-wise, the Asia-Pacific pressure transmitter market is projected register the highest CAGR during the projected timeframe.

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Pressure Transmitter Market: Growth Factors

Growing focus on industrial automation for optimizing the use of resources to drive the global market trends  

Rapid expansion of the pressure transmitter market across the globe over the forecast timespan can be owing to the massive use of industrial automation systems such as pressure transmitters for eliminating human intervention. Moreover, these products can withstand any climatic conditions including submerging in fluids such as water. In addition to this, pressure transmitters help in monitoring & recording valuable data for improving productivity, recognizing patterns, and executing changes for preventing future untoward incidences. Apart from this, pressure transmitters find lucrative applications in oil & gas, power generation, chemicals, food & beverages, pharmaceuticals, pulp & paper, water & wastewater, and metal & mining sectors.

Furthermore, the integration of industry 4.0 & the industrial internet of things and the high potential of processing industries will embellish the growth of the pressure transmitter market across the globe. Growing need for real-time data analysis and predictive maintenance to drive the global pressure transmitter market trends.

Pressure Transmitter Market: Hindrances

Need for maintaining & frequently updating software to impede the global industry surge

Industrial systems are required to be upgraded and maintained according to changing business needs. This can hamper the rapid expansion of the global pressure transmitter industry. In addition, the execution of industrial automation has prompted digital transformation but increased the complexity of the total measurement as well as process analysis of given parameters. This can put brakes on the growth of the global industry.

Pressure Transmitter Market: Opportunities

Escalating popularity of multivariable pressure transmitters to generate new growth avenues for the global market

With immense demand for multivariable pressure transmitters due to their ability in enhancing output, improve process efficacy, and ensure plant safety, it is likely that the pressure transmitter market will gain traction in the years ahead. Apart from this, escalating need for accuracy and constant flow measurements will open new growth opportunities for the global pressure transmitter market.

Pressure Transmitter Market: Challenges

Growing competition from participants from unorganized & gray sectors has proved to be the biggest challenge to the industry growth

Players in the gray sector purchase products in bulk from different kinds of illegal sources and sell these products at reduced costs. Moreover, there are many regional players in the unorganized sector that manufacture pressure transmitters and sell them at lower costs. All these above-mentioned aspects can pose a big challenge for the global pressure transmitter industry surge.

Pressure Transmitter Market: Segmentation

The global pressure transmitter market is sectored into sensing technology, type, fluid type, application, end-user industry, and region.

In terms of type, the global market is divided into absolute, gauge, differential pressure, and multivariable segments. Apparently, the differential pressure transmitter segment, which held more than half of the global market share in 2022, will make lucrative contributions toward the global market share even during the forecast timeline. The segmental surge can be credited to large-scale use of these products for pressure, flow, and level application in a spectrum of industries including the oil & gas industry.  

Based on the application, the global pressure transmitter industry is bifurcated into flow, level, and pressure segments. Furthermore, the level application segment, which accounted for the largest share of the global industry in 2022, will continue to dominate the industry across the globe even in the upcoming years. The growth of the segment over the projected timespan can be owing to the extensive utilization of pressure transmitters as level measuring devices in petrochemicals, diesel tanks, chemicals, and wastewater units. Furthermore, the low cost, lesser maintenance costs, and compact design of pressure transmitters make them suitable as level measuring devices in various industrial applications.

In terms of end-user industry, the pressure transmitter market across the globe is divided into food & beverages, oil & gas, pharmaceuticals, chemical, water & wastewater treatment, pulp & paper, power, and metal & mining segments. Additionally, the water & wastewater treatment segment is set to record the highest CAGR of 4.5% over the forecast period subject to massive use of pressure transmitters in wastewater treatment units for monitoring the flow, level, and pressure of fluids.

Recent Breakthroughs

• In the first quarter of 2022, KROHNE Group, a key manufacturer & provider of process instrumentation & measurement solutions, launched pressure transmitters of OPTIBAR PSM 2010 kind for gauge & absolute measurement of pressures in liquids and gases. The move will boost the growth of the pressure transmitters market across the globe.
• In the first half of 2022, Danfoss, a Denmark-based firm offering power solutions, sensing solutions, and high-pressure pumps, introduced a new pressure transmitter referred to as DST P650 which is embedded with a smart scalable diagnostic tool and is devised to work in tough & extreme climatic conditions. The initiative will embellish the global market trends.
• In the second half of 2021, Schneider Electric SE, a key French player in the digital automation & energy management business, introduced EcoStrucxure Automation Expert Version 21.2 which will augment the abilities of a universal automation tool that is software-centric. Reportedly, the new version will provide wastewater units with an enhanced diagnostic system for their automation tools.

Pressure Transmitter Market Report Scope:

Pressure Transmitter Market: Regional Insights 

Pressure Transmitter Market in Asia-Pacific To Record Highest CAGR of 4.1% in 2023-2030

The pressure transmitter market in the Asia-Pacific sub-continent is slated to record the highest growth rate over the ensuing years. The growth of the regional market in coming years can be due to the burgeoning demand for power supply and a large number of chemical exports. Moreover, the presence of giant product manufacturers in the region will help in contributing substantially towards the market surge in the Asia-Pacific zone.

Pressure Transmitter Market: Competitive Space

The global pressure transmitter market profiles key players such as:

• Arthur Grillo GmbH
• ABB Ltd.
• Schneider Electric SE
• Yokogawa Electric Corporation
• Siemens AG
• Fuji Electric Co. Ltd.
• Danfoss
• Hitachi Ltd.
• BD Sensors
• Radwell International
• KROHNE Messtechnik
• Armaturenbau GmbH
• Micro Sensor Co. Ltd.
• EPCOS AG
• First Sensor AG
• ACS-CONTROL-SYSTEM GmbH
• AirCom Pneumatic GmbH
• Armaturenbau GmbH
• Ashcroft Instruments GmbH
• EFE miniature pressure sensors
• Asentec GmbH
• Gefran Pressure Transducers
• OEM Automatic Sweden
• GEORGIN Régulateurs
• PIEZUS
• Setra Systems

The global Pressure Transmitter market is segmented as follows:

By Sensing Technology

• Capacitive
• Piezoelectric
• Strain Gauge
• Piezoresistive

By Application

• Level
• Flow
• Pressure

By Type

• Absolute
• Differential Pressure
• Gauge
• Multivariable

By Fluid Type

• Liquid
• Gas
• Stream

 By End-User Industry

• Oil & Gas
• Chemical
• Water & Wastewater Treatment
• Food & Beverages
• Pulp & Paper
• Power
• Pharmaceuticals
• Metal & Mining

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa