Pressure Transmitter Market Size, Share & Trends Analysis Report By Type (Gauge Pressure Transmitter, Absolute Transmitter), By Sensing Technology, By End-use, By Fluid Type, By Application, By Region, And Segment Forecasts, 2024 - 2030

Pressure Transmitter Market Size, Share & Trends Analysis Report By Type (Gauge Pressure Transmitter, Absolute Transmitter), By Sensing Technology, By End-use, By Fluid Type, By Application, By Region, And Segment Forecasts, 2024 - 2030

Pressure Transmitter Market Growth & Trends

The global pressure transmitter market size is anticipated to reach USD 3,132.1 million by 2030 and it is projected to grow at a CAGR of 3.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The pressure transmitter converts mechanical pressure applied to it into an electrical signal that can be transmitted to a control system or other instrumentation. Pressure transmitters are widely used in various industries such as oil and gas, chemical, power generation, and pharmaceuticals for monitoring and controlling pressure levels in different processes.

Pressure transmitters play a crucial role in the pharmaceutical industry by monitoring and controlling the pressure levels in various processes such as fermentation, filtration, and sterilization. These processes require precise pressure control to ensure the quality and consistency of the final product. For instance, in fermentation, pressure transmitters are used to monitor the pressure inside bioreactors, which are used to grow microorganisms for the production of vaccines, antibodies, and other biopharmaceuticals.

Furthermore, pressure transmitters used in the pharmaceutical industry must be made of materials that are compatible with the substances they come into contact with to ensure that there is no contamination of the product. Pressure transmitters have become essential equipment in pharmaceutical production processes, ensuring the quality and safety of products, which will positively impact the market growth over the forecast period.

The market growth is significantly fueled by the increasing power generation sector worldwide. The adoption of smart grid technologies has enabled power generation facilities to operate more efficiently and to integrate renewable energy sources more effectively. The use of advanced sensors, measurement devices, and control systems has enabled power companies to monitor and optimize power generation in real time, reducing costs and improving the reliability of the power grid. This fuels the demand for pressure transmitters, which play a vital role in measurement and monitoring in the power generation industry.

Pressure Transmitter Market Report Highlights

• Based on type, the absolute transmitters segment led the market with the largest revenue share of 25.13% in 2023. Due to the surge in demand for absolute transmitters in the healthcare industry. The absolute transmitter is used in medical devices such as blood analyzers and dialysis machines, where precise pressure measurements are critical for ensuring patient safety and effective treatment
• Based on sensing technology, the capacitive segment led the market with the largest revenue share of 19.06% in 2023, it is because of experiencing an upward trajectory, driven by several key factors, including increasing demand for electronic components and devices, which is creating a need for high-precision pressure sensors that can be integrated into these systems. Capacitive pressure transmitters are ideal for this application due to their high accuracy and sensitivity
• Based on end-use, the oil & gas segment led the market with the largest revenue share of 20.43% in 2023, and it is anticipated to witness the fastest CAGR over the forecast period
• The increasing focus on safety and reliability in various industries is also driving demand for monitoring and display pressure transmitters. These sensors can provide early warning of pressure deviations and enable operators to take corrective action before equipment failure occurs, reducing the risk of accidents and downtime
• North America dominated the market with the revenue share of 17.34 in 2023. The growth of the market in this region can be attributed to the presence of large manufacturing, oil and gas, and process industries
• In November 2023, BD|SENSORS GmbH has launched all new DMP 333P pressure transmitter. DMP 333P is designed for use in various industrial applications where high-precision pressure measurement is required, such as in the oil and gas, chemical, and pharmaceutical industries
Please note The report will be delivered in 4-8 business days upon order notification.