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Pressure Transmitter & Transducer Market 2021 Highlights Recent Trends, Market Growth, Business Opportunities till 2026

09-27-2021 12:15 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Market Insights Reports

The Pressure Transmitter & Transducer Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The pressure transmitter & transducer market is expected to register a CAGR of 4.1% over the forecast period from 2020 to 2025.

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Top Leading Companies of Pressure Transmitter & Transducer Market are Spectris PLC, Hitec Products, Inc., LCM Systems Limited, WIKA Instruments, LP, Zemic Group, ABB Ltd, Sensata Technologies, Inc, Emerson Electric Co., Yokogawa Electric Corporation, Honeywell International Inc., TE Connectivity Ltd, OleumTech Corporation and others.

Industry News and Updates

- June 2020 - ABB Ltd agreed to acquire K-TEK Corp., a supplier of magnetic level gauges, magnetostrictive level transmitters and laser level transmitters. K-TEK will merge the Measurement Products business segment within ABB’s Process Automation division. K-TEK offers a wide range of level detection instruments, which includes pressure and temperature switches.
- January 2020 - WIKA USA announced that AWC, Inc has been appointed as the exclusive representative for WIKA’s electrical temperature, flow, and level products in Louisiana, Southern Arkansas, and Western Mississippi. AWC, Inc will continue to promote and inventory WIKA mechanical pressure and temperature products to distribute to their existing and new customers.

Key Market Trends

Medical is Expected to Hold a Significant Market Share.

- Reliable hemodynamic and cardiovascular data is essential to measure the criticality of the patients. Pressure transducers are used to continuously relay blood pressure information from a pressure monitoring catheter (arterial line, central venous pressure line, or other pressure monitoring products) to the patient's monitoring system. This is a mission-critical application since a wrong reading can be fatal for the patient. This integration assures a very high degree of robustness and reliability. It also enables ease of use and space-saving that is much needed in Intensive Care Units and Operating Rooms.
- All medical waste must be compulsorily sterilized before it can enter municipal sewage and trash systems. Steam sterilizers, or autoclaves, are widely used for sterilization of medical instruments and the predisposal treatment of medical waste. Pressure transducers are critical to this process. Hospital steam sterilizers used in medical applications require that pressure transducers be compatible with high-pressure steam and biological contaminants. Pressure transducers engage in monitoring the pressure inside the sterilization chamber for regulation of steam quality. With the IoT connected devices riding, the adoption rate of smart pressure transducer will follow the same trend owing to its smart characteristics.

Regional Outlook of Pressure Transmitter & Transducer Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

Browse Full Report at:

https://www.marketinsightsreports.com/reports/10192355738/pressure-transmitter-transducer-market-growth-trends-and-forecasts-2020-2025?Mode=A1                                                               

What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Pressure Transmitter & Transducer Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

Please connect with our sales team (sales@marketinsightsreports.com).

Contact US:
Irfan Tamboli (Head of Sales) : Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

About Us:

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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