PUBLISHER: Allied Market Research | PRODUCT CODE: 1298226
PUBLISHER: Allied Market Research | PRODUCT CODE: 1298226
The global pressure transmitter market was valued at $2,842.8 million in 2021, and is projected to reach $4,219.18 million by 2031, registering a CAGR of 4.12% from 2022 to 2031.
A pressure transmitter is a type of sensor that measures the amount of pressure applied to a liquid, fluid, or gas. The device is capable of quickly detecting changes in pressure, which are then converted into electrical signals by the pressure transducer and electronic amplifier. The pressure transmitter is frequently utilized in conjunction with other devices to measure variables such as depth, water flow, altitude, and pressure loss, allowing industrial equipment to be monitored for any leaks. These transmitters are highly resistant to radiation and electromagnetic fields, making them ideal for a variety of industries including chemical, oil & gas, power generation, food & beverage, and metals & mining.
In recent years, there has been a significant emphasis on industrial automation and process optimization, driving the demand for accurate pressure measurement and control solutions. This has led to the introduction of new and innovative products. The market includes a wide range of pressure transmitters, including absolute, gauge, and differential pressure transmitters, available in both wired and wireless models.
The pressure transmitter market is segmented based on type, end-use industry, and region. By type, the market is divided into absolute, gauge, differential, and multivariable. By end-use industry, the market is categorized into oil & gas, water & wastewater treatment, metals & mining, pharmaceutical, and other industries. In terms of region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific) and LAMEA (Latin America, the Middle East, and Africa).
The key players profiled in the pressure transmitter industry include: Schneider Electric, Siemens, ABB Ltd., Danfoss, Omega Engineering, Inc., Honeywell Process Solutions, Emerson Electric Co., Dwyer Instruments Inc., Yokogawa Electric Corporation, and WIKA Instruments India Pvt. Ltd.