Pressure Transmitter Market Size - Industry Share Report
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The global pressure transmitter market was valued at USD 2.82 billion in 2014, and it is expected to reach USD 3.77 billion by 2020, growing at a CAGR of 5.0% during the forecast period. The demand from power, chemical, pharmaceutical, and water &wastewater industries are expected to contribute to growth of global pressure transmitter.
The market for multivariable transmitter is expected to exhibit the highest growth rate as single instrument can measure multiple parameters and reduce the total process cost as compared to other measurement instruments. Multivariable transmitters directly compute the mass flow or standard volume flow for gases, steams, and liquids (hydrocarbon and non-hydrocarbon) with dynamic flow compensation from the parameters such as differential pressure, static pressure, and temperature. Multivariable transmitters reduce pipe penetrations and save on impulse piping with three measurements from a single instrument.
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Asia-Pacific is expected to register the highest growth rate during the forecast period in the pressure transmitter market because of emphasis on industrial automation and optimum utilizations of resources as growing urbanization and industrialization is putting pressure on available resources. Increasing labor cost even in developing countries is making the companies especially in the process industries to increase the degree of automation at the plant or field which not only results, in term of cost saving, but also help them to ensure the safety and security of the staff.
Key Points From Table Of Content:
5 Market Overview
5.3 Market Segmentation
5.3.1 By Type
5.3.2 By Communication Protocol
5.3.3 By Sensing Technology
5.3.4 By Fluid Type
5.3.5 By Industry
5.3.6 By Application
5.3.7 By Geography
5.4 Market Dynamics
220.127.116.11 Emphasis on Industrial Automation and Optimum Utilization of Resources
18.104.22.168 Downfall in Petroleum Prices—A Bane for Global Process Industries
22.214.171.124 Increasing Demand for Multivariable Pressure Transmitters
126.96.36.199 Subdued Growth in Emerging Economies and Commissioning of Greenfield Projects
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15 Company Profiles
(Overview, Products and Services, Financials, Strategy & Development)*
15.2 Emerson Electric Company
15.3 Yokogawa Electric Corporation
15.4 Endress+Hauser AG
15.5 ABB Ltd.
15.6 Honeywell International Inc.
15.7 Siemens AG
15.8 General Electric
15.9 Wika Alexander Wiegand SE & Co. Kg
15.10 Dwyer Instruments, Inc.
15.11 Schneider Electric SE
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