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Pressure Transmitter Market Analysis, Size, Share, Growth and Trends by Forecast to 2023
The Global Pressure Transmitter Market is segmented into numerous segments of which the multivariable pressure transmitter is expected to witness high growth. This sensor has the capability to measure multiple parameters and is effective in reducing overall cost.
The global pressure transmitter market is segmented by type, communication protocol, sensing technology, application, and industry. By type segment, the market consists of absolute, gauge, differential pressure, and multivariable pressure transmitter. The communication protocol segment comprises, HART (Highway Addressable Remote Transducer) and wireless HART, Foundation Fieldbus, Profibus, and others. The sensing technology segment comprises of piezoelectric, capacitive, piezoresistive, strain gauge, and others. The application segment consists of flow, level, and pressure. The vertical segment comprises of oil & gas, food & beverage, water & wastewater, pulp & paper, metal & mining, chemical, power, pharmaceutical, and others.
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Pressure transmitters are sensors that are used to measure the pressure or level of industrial liquids and gases. They have application in various industries, such as food & beverage, chemical, and automotive industries. Pressure sensors in the automotive industry are mostly used for engine control.
The key players in the global pressure transmitter market include Emerson Electric Company (U.S.), Yokogawa Electric Corporation (Japan), Endress+Hauser AG (Switzerland), ABB Ltd. (Switzerland), and Honeywell International, Inc. (U.S.), among others. Emerson Electric Company, one of the major players in pressure transmitter market, has manufactured a range of Rosemount pressure transmitter. The company states that there are over 10 million devices installed of which this particular pressure transmitter family offers an all-in-one solution for pressure, level, and flow measurement. It is engineered with a coplanar flange for installation and application flexibility. This transmitter offers benefits such as easy to install and is designed with direct process mounting capability for cost-effective installation and efficiency.
Global Pressure Transmitter Market is estimated to grow at a CAGR of approximately 43% during the forecast period of 2017-2023.
Key Players
Some of the prominent players in the global pressure transmitter market: 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.
Regional Analysis
The global pressure transmitter market is studied in Asia Pacific, North America, Europe, and Rest of the World. It has been observed that North America market is anticipated to grow at the highest CAGR in the global pressure transmitter market. Europe market accounts for the second highest share in the pressure transmitter market. Asia Pacific market is expected to grow at the highest CAGR. The rise in the number of automotive and chemical industry in the region is boosting the pressure transmitter market. Other aspects such as the development of a new project, and demand for industrial automation, to increase productivity with respect to optimized cost.
Segments
The global pressure transmitter market is segmented by type, communication protocol, sensing technology, application, and industry. By type, the market consists of absolute, gauge, differential pressure, and multivariable pressure transmitters. The communication protocol segment comprises, HART (Highway Addressable Remote Transducer) and wireless HART, Foundation Fieldbus, Profibus, and others. The sensing technology segment comprises piezoelectric, capacitive, piezoresistive, strain gauge, and others. The application segment consists of flow, level, and pressure. The vertical segment comprises oil & gas, food & beverage, water & wastewater, pulp & paper, metal & mining, chemical, power, pharmaceutical, and others.
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Intended Audience
• Technology Investors
• Research/Consultancy Firms
• Industrial Automation Service Providers
• System Integrator and Service Providers in Industrial Measurement Market
• Banks, Financial Institutions, Investors, and Venture Capitalists
• Technology Investors
• Governments and Financial Institutions
• Analysts and Strategic Business Planners
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