Global Pressure Transmitter Market: Overview
A pressure transmitter is also known as a pressure sensor tool used for measurement of pressure in fluids, liquids, and gasses. There are various uses of pressure transmitter in industrial and automotive applications. It is also used for measuring the pressures in industrial machinery to alert the catastrophe situations beforehand. Pressure transmitters have round gauge with different colors, which represent pressures at different levels. They have different mechanisms to measure the pressure such as rapid changes in pressure on piezoelectric materials, which convert pressure in mechanical force into an electric current; air pressure is used to calibrate at a specific atmospheric pressure in gauge pressure sensors and others. Pressure transmitters are used in combination with other devices to measure depth, water flow, altitudes, and pressure loss to prevent any leakage in the industrial system.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Pressure Transmitter Market: Growth Factors
The pressure transmitter market is anticipated to witness strong growth due to technological advancements in the industrial and consumer appliances. The maintenance of the extended life of industrial equipment involves continued fluid flow, pressure controlling activities, and monitoring of fluids. Pressure transmitters have the ability to withstand any environmental conditions such as submerging in water or fluids. They are made up of piezoelectric materials, which do not get influenced by radiation and electromagnetic fields, which are also contributing to the growth of the global market. They are easily connected to the electrical circuits and are capable of measuring atmospheric pressure, which in turn propels the global market growth. However, innovative and superior technology is used in electronic gadgets and mechanical equipment that requires high maintenance cost, which may restrain the global pressure transmitter market.
Global Pressure Transmitter Market: Segmentation
The global pressure transmitter market is classified on the basis technology as piezoresistive, piezoelectric, strain gauge, capacitive, and others. Based on the application, the global market is fragmented as level, flow, and pressure. The end-user segment of the global market is segregated as metal & mining, oil and gas, water and wastewater, pharmaceutical, food and beverage, power, pulp and paper, chemical, and others. The global pressure transmitter market is further segmented on the basis of the fluid type as liquid, steam, and gas. Communication protocol segment is further bifurcated into profits, HART and wireless HART, foundation fieldbus, and other. Furthermore, the type segment is divided into differential pressure, absolute, multivariable, and gauge.
Global Pressure Transmitter Market: Regional Analysis
North America pressure transmitter market has largely been benefited from developing commercial markets and industrial growth in this region. Expansion of automotive sector and demand for electronic pressure transmitters are factors contributing to the growth of the market in Mexico, Brazil, and other Latin American countries. Increasing population, urbanization and growth in manufacturing industries in developing countries such as China and India are other factors fueling the market growth in Asia Pacific region. Oil and gas exploration in the Middle East and Africa is also expected to boost the market for pressure transmitters market.
Global Pressure Transmitter Market: Competitive Players
Major players in the global pressure transmitter market include Honeywell International Inc., ABB, Emerson Electric Co., SensorONE Ltd., Endress+Hauser Consult AG, Sensata Technologies, Inc., WIKA, and Yokogawa Electric Corporation.
Global Pressure Transmitter Market: Regional Segment Analysis
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