Electronic Pressure Transmitters and Transducers Market - Industry Trends and Analysis 2023

With advancement in industrial and consumer appliances, the markets for electronic pressure transmitters and transducers have grown in last decade. The innovative electronic and mechanical equipment being used in industries are expensive and need high maintenance. In order to prolong the lives of the industrial equipment involving fluid flow, pressure controlling and monitoring of such fluids is of high importance. This factors have acted as driver for the pressure transmitters and transducers' market.

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Electronic pressure transmitters and transducers' market can be segmented on the basis of end user industry such as the oil & gas, automotive, semiconductor, aerospace, power, alternative energy, water, HVAC, pneumatics/hydraulics and the process industries. In oil and gas sector, these products are being installed in onshore, offshore, and subsea environments. Pressure equipment are used for hydraulic drilling pressure downhole, rig safety, flow line pressure, additive metering pumps, subsea injection valves, well clean outs, pipeline monitoring, as well as in product such as gas compressor and storage tanks. Well service companies are using pressure equipment for hydraulic fracturing, nitrogen pumping, steam injection and coiled tubing, among others. Power generation is another major sector where these products are being used in gas flow measurements, turbine balancing, steam pressure measurements, and micro-turbines for standby power.

The markets for electronic pressure transmitters and transducers are expected to benefit significantly from the matured industrial and commercial markets of North America. The pressure transducers form a key component of the engine of an automobile as it monitors and regulates the oil and coolant pressures during acceleration of the car. Such process helps in achieving suitable speeds when accelerator or brake is pressed. The enhancing automotive sector of Mexico is expected to result in development of the markets for electronic pressure transmitters and transducers. Furthermore the superior technologies of the computer device and mobile phones with touch screen displays also use such pressure transmitters and transducers. The pressure transducer senses and converts the applied pressure by fingers and accordingly produces electrical signals that inform the processor. The U.S is one of the largest markets for such devices. In Asia Pacific region, such markets are projected a high growth in the years to come.

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The strong manufacturing bases, huge capacity additions, and the increased oil and gas exploration activities of China and India are assumed to demand for pressure transducers and transmitters to guarantee improved performances of such appliances. Thus, the increasing demand for such products tends to push their market evolvement in these nations. The growing offshore production activities in Brazil and Africa are also estimated to demand for the electronic pressure transmitters and transducers. Especially the requirement for the pressure transducers is likely to grow as they help in the estimation of the ocean depth and other marine conditions to make certain that the operating electronic devices are safe.

The electronic pressure transmitters and transducers markets can be segmented on the basis of the type of pressure measurement done. Absolute pressure sensing and transmitting involves measuring of pressure with respect to the vacuum. The differential pressure transduction and transmission involves pressure measuring and comparing at two different points. Gauge pressure measurement is done by comparing the pressure at a point with the existing atmospheric pressure.

Some of the key players in the electronic pressure transmitters and transducers markets are ABB, SensorONE Ltd., WIKA, Sensata Technologies, Inc., Emerson Electric Co., Yokogawa Electric Corporation, Honeywell International Inc., and Endress+Hauser Consult AG, among others.

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