The global pressure transmitter market is predicted to reach USD 3.14 billion in 2024 and USD 3.75 billion by 2029, growing at a CAGR of 3.64% during the forecast period.
A pressure transmitter is otherwise called a pressure sensor apparatus that is utilized to quantify pressure in liquids, fluids, and gases. There are a few uses for the pressing factor transmitter in modern and auto applications. It is also used to measure pressures in industrial machinery to pre-alert disaster situations. Pressure transmitters have a round manometer in different colors, representing pressures at different levels. They have different mechanisms for measuring pressure, such as rapid pressure changes in piezoelectric materials, which convert pressure into mechanical force into electrical current. Atmospheric pressure is used to calibrate to a specific atmospheric pressure in gauge pressure sensors and the like.
Today, mini solid state pressure sensing devices, including integrated circuit amplifiers, are available for absorption into pressure transducers. Furthermore, with far and wide mechanical and modern automation methodology, many pressure transducer yields are sent over sensibly expanded distances, and the transducer frequently joins the common 4-20 mA yield capacity or other yield ability for this motivation behind transmission over an all-inclusive distance. capability or other output capability for this purpose of transmission over an extended distance.
Components driving the development of the pressure transmitter market are the expanding interest for robotization in all interaction ventures, enhancing assets and improving expenses, security and insurance. The energy, chemical, water and drug enterprises are required to observe the sending of pressure transmitters. Furthermore, the interest for mechanization in preparing businesses to lessen human mistake is driving the market.
The factor responsible for hampering the growth of the Pressure Transmitters market is the changing preference among the community of industries acting as a restraining factor. However, the demand is higher for multivariable pressure transmitters, as they can measure more than two process variables. This advantage of the multivariate pressure transmitter should provide sufficient growth opportunities in the coming period.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
3.64% |
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Segments Covered |
By Type, Fluid Type, Application, Industry, and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Emerson Electric Company (U.S.), Yokogawa Electric Corporation (Japan), Endress+Hauser AG (Switzerland), ABB Ltd. (Switzerland), Honeywell International, Inc. (U.S.), Siemens AG (Germany), General Electric (U.S.), Schneider Electric SE (Germany), WIKA Alexander Wiegand SE & Co. KG (Germany), Dwyer Instruments, Inc. (U.S.) and Others. |
Flow, level and pressure measurements are considered the main applications of pressure transmitters. The level measurement segment had the largest 46.0% share of the pressure transmitter market. The differential pressure transmitter will be mainly used for level measurement in various industrial sectors. Pressure transmitters are widely used for level measurement in diesel, chemical, petrochemical, water and wastewater tanks, and many other process industries.
This segment is expected to grow at the highest CAGR of 4.48%, among others during the foreseen period. Pressure transmitters are used in pumping stations, chemical feed, sewerage, wet wells, filtration plants, water tanks, storage and mixing in the water and wastewater treatment industry worldwide. Other uses can be seen in processing plants to monitor and control fluid level, flow, and pressure. Pressure transmitters are used for pump control, sludge / sludge treatment applications, submersible pressure monitoring, and other purposes.
Differential pressure transmitters are reasonable for such mechanical applications.
North America accounted for the largest 34.4% share of the global pressure transmitter market due to huge growth in the oil and gas business over the past decade, especially on the unconventional front. This region should also maintain its position as a leading market in the coming years. Emerson Electric Company (Emerson) (United States), ABB Ltd. (ABB) (Switzerland), Honeywell International Inc. (Honeywell) (United States) and Endress + Hauser AG (Endress) (Switzerland) are some of the main suppliers of pressure transmitters in this region.
The Asia-Pacific area is relied upon to encounter the most noteworthy development. The development of the market in Asia-Pacific can be ascribed to the increment underway offices of the significant gadgets and car brands, just as the expanding request from the oil and gas industry around here.
Major Key Players in the Global Pressure Transmitter Market are
Endress + Hauser concentrates the turn of events and creation of silicon pressure sensors at one site in Germany. The organization intends to extend the limit of its Stahnsdorf site and close the creation office in Kassel in mid-2018. The Kassel labor force will be extended to comparable employment opportunities in Stahnsdorf.
Yokogawa Electric Corporation declares the dispatch on this date of the EJXC40A Digital Remote Sensor, another DPharp EJX® Series Differential Pressure Transmitter. Outfitted with two pressing factor sensors associated by an electrical link, the EJXC40A offers prevalent execution in estimating fluid levels in enormous tanks and a huge differential pressing factor with high pressing factor liquids. This new expansion to the DPharp EJX arrangement will fulfill a wide scope of client needs.
Emerson presents the Rosemount ™ 550PT Pressure Transmitter, exceptionally intended for single-use bioprocessing applications to give the performance important to enhance measures while keeping up item trustworthiness. This new pressure instrument joins the group of single-use innovation instruments, which as of now incorporates pH and broke down oxygen instruments.
By Type
By Fluid Type
By Application
By Industry
By Region
Frequently Asked Questions
The main types of pressure transmitters are differential pressure transmitters, absolute pressure transmitters, gauge pressure transmitters, and multivariable pressure transmitters. Each type has specific applications depending on the industry requirements.
Key factors include the rise in automation and control systems in industries, stringent regulatory requirements for safety and efficiency, growth in the oil and gas sector, and increasing investments in smart infrastructure projects.
Technological advancements such as the integration of IoT and Industry 4.0, development of smart pressure transmitters, and wireless connectivity are enhancing the functionality and accuracy of pressure transmitters, thereby driving market growth.
Regulations concerning environmental protection, safety standards, and industrial process efficiency significantly influence the market. Compliance with these regulations necessitates the use of precise and reliable pressure measurement devices, thereby boosting the demand for pressure transmitters.
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