Pressure Transmitter Market Size to Grow by USD 5000.8 million by 2030 | The increasing demand for automation across all process sectors
Research Reports
Feb 07, 2023
Pressure Transmitter Market Insights
According to MRFR analysis, the global Pressure Transmitter Market is expected to register a CAGR of ~ 5% from 2022 to 2030 and hold a value of over ~USD 5000.8 million by 2030.
Pressure transmitters are electronic devices that amplify and transmit pressure readings over long distances without losing accuracy due to electrical noise or other interference. They typically adhere to a 4-20 mil-ampere signal standard for compatibility with process automation businesses. Pressure transmitters have a variety of uses in the food and beverage, chemical, and automotive industries. The COVID-19 pandemic has resulted in an increased demand for ventilators, oxygen concentrators, and respiratory devices, as these devices help COVID-19 patients with breathing problems and low blood oxygen levels. In turn, the need for flow sensors, which are utilized in these devices, has risen. This unexpected surge in demand for pressure transmitters has caused the market share for pressure transmitters to increase.
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Pressure Transmitter Market Key Players
Some of the key market players are-
- 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.).
Pressure Transmitter Market Report Scope:
|
Report Attribute/Metric |
Details |
|
Market Size in 2030 |
USD 5000.8 million |
|
Growth rate: |
CAGR of 5% from 2022 to 2030 |
|
Forecast Period |
2020-2030 |
|
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
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Regional Analysis
North America’s natural gas and power generation growth is expected to increase pressure transmitter sales in the future. Europe is expected to provide good opportunities for power generation industry growth due to the increasing demand for energy from industry and domestic applications. China and India have seen reasonable growth in oil and gas, and power generation, so the demand for pressure transmitters should stay high in the Asia Pacific because of their use in heavy industry.
Pressure Transmitter Market Segmentation
The global Pressure Transmitter market has been segmented into type, communication protocol, and vertical.
Based on type, the market has been segmented into Absolute, Gauge, Differential Pressure, and Multivariable Pressure Transmitters. They are mainly used for level detection and flow measurement in different industries. The transmitter uses primary elements, such as venturi tubes, flow nozzles, low-loss flow tubes, and pitot tubes, to do so.
Based on Communication Protocol, the market has been segmented into HART (Highway Addressable Remote Transducer), Wireless HART, Foundation Fieldbus, Profibus, and Others. One of the most important factors driving the development of the pressure transmitter market is the growth in demand for wireless pressure transmitters. These devices can be easily installed in remote regions and often offer reduced installation costs by eliminating wiring runs. Moreover, battery-powered transmitters are filling the void. They have a wide range of applications, including water tank level monitoring, pump monitoring, wastewater monitoring, and leakage monitoring.
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Based on vertical, the market has been segmented into Oil and Gas, Food and Beverage, Water and Wastewater, Pulp and Paper, Metal and Mining, Chemical, Power, Pharmaceutical, and Others. Pressure transmitters are commonly used in water & wastewater treatment facilities, such as pumping stations and sewage systems. They are also employed in chemical feed systems, wet wells, filtration facilities, storage tanks, and mixing vessels.
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