PUBLISHER: Polaris Market Research | PRODUCT CODE: 1175653
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1175653
The global pressure transmitter market size is expected to reach USD 3.8 billion by 2030, according to a new study by Polaris Market Research. The report "Pressure Transmitter Market Share, Size, Trends, Industry Analysis Report, By Fluid Type (Liquid, Gas and Steam); By Application; By Type; By End Use; By Regions; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The major factor affecting the market growth is the high demand for wireless transmitters & industrial automation, along with the optimum utilization of resources. In addition, technological advancements in new product launching and growing automation in manufacturing industry propel the market growth.
The adoption of pressure transmitters is greater in Asia Pacific compared to other regions. The measurement and analytics branch of the factory automation suite's measurements & analytics division, which provides exact process measures while also enhancing safety and efficiency, includes a pressure transmitter as one of its most crucial field instruments. To increase industrial efficiency, identify patterns, and adjust prevent recurrences of incidents, pressure transmitters gather and store essential data.
The efficiency of the manufacturing process is therefore increased, maintenance expenses are decreased, and total production is increased. Industrial automation eliminates all related costs for medical care, paid time off, and vacations needed to sustain a human operator.
Additionally, technical developments that reduce human error and increase energy sector investment have a beneficial impact on the market for pressure transmitters. Additionally, in the forecast period of 2021 to 2030, the market participants would benefit from the growing demand for multivariable pressure transmitters.
The growing chemical & beverage & food industries are other important factors driving the rise of markets.
In the first one to two months of 2020, the COVID-19 epidemic had a negative impact on the market's expansion. Businesses operating in hard-hit nations, including the US, Germany, China, & the UK have experienced operational interruptions as a result of the epidemic, making it more difficult for them to complete their financial accounts. According to estimates, most businesses operate using the just-in-time (JIT) paradigm and are micro, small, & medium-sized businesses (MSMEs). In addition, the epidemic has disrupted the supply chain, which has cost some businesses money.
Pressure transmitter market Report Highlights
Gas & steam accounted largest market share owing to greater use of this type of transmitter in the Oil & gas industry. In addition, they are ideal for industrial process control and industrial gases.
According to application segmentation, flow is expected to have the highest market share in 2021. This type has been used in level detection and flows measurement with the help of flow nozzles and flow tubes.
Multivariable was the biggest revenue-generating type segment in 2021, according to type segmentation.
Asia Pacific was the top income producer by region in 2021. Due to growing energy consumption, increased chemical exports, and the building of industrial- & utility-grade wastewater treatment facilities, pressure transmitter sales are expected to rise in the Asia Pacific area.
Polaris Market Research has segmented the pressure transmitter market report based on fluid type; application; type; end-use; region:
Pressure transmitter, Fluid Type Outlook (Revenue - USD Billion, 2017 - 2030)
Liquid
Gas and Steam
Pressure transmitter, Application Outlook (Revenue - USD Billion, 2017 - 2030)
Level
Pressure
flow
Pressure transmitter, Type Outlook (Revenue - USD Billion, 2017 - 2030)
Differential Pressure
Absolute
Gauge
Multivariable
Pressure transmitter, End-Use Outlook (Revenue - USD Billion, 2017 - 2030)
Gas & Oil
Chemical
Treatment of Water and Wastewater
Power
Pharmaceuticals
Paper & Pulp
Mining & Metals
Food and Beverage
Others
Pressure transmitter, Regional Outlook (Revenue - USD Billion, 2017 - 2030)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Figure 1. Global Pressure Transmitter Market, 2018 - 2030 (USD Billion)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up End Use
Figure 4. Market by Geography
Figure 5. Porter's Five Forces
Figure 6. Market by Application
Figure 7. Global Pressure Transmitter Market, by Application, 2021 & 2030 (USD Billion)
Figure 8. Market by End Use
Figure 9. Global Pressure Transmitter Market, by End Use, 2021 & 2030 (USD Billion)
Figure 10. Market by Fluid Type
Figure 11. Global Pressure Transmitter Market, by Fluid Type, 2021 & 2030 (USD Billion)
Figure 12. Market by Type
Figure 13. Global Pressure Transmitter Market, by Type, 2021 & 2030 (USD Billion)
Figure 14. Pressure Transmitter Market Assessment, By Geography, 2018 - 2030 (USD Billion)
Figure 15. Strategic Analysis - Pressure Transmitter Market