Global Pressure Transmitter Market Analysis 2022
The Global Pressure Transmitter Market is expected to reach $4.04 billion by 2028 growing at a CAGR of 5.7% from 2021 to 2028. Pressure transmitter device is essentially used for the measurement of pressure in fluids, liquids, and gasses. They are used to measure rapid pressure changes in piezoelectric materials and using air pressure to calibrate specific atmospheric pressure in gauge pressure sensors. These devices create digital or analog signals based on quantity of pressure applied over gasses or liquids. This transmitter is being used in combination with other devices to measure depth, water flow, altitudes, and pressure loss to prevent any leakage in the industrial system. Various pressure transmitters are being use for the application such as industrial and automotive.
Factors such as increasing focus on real-time data analysis and predictive maintenance, rising popularity of automation for industrial optimization, higher demand for multivariable pressure transmitters, continued focus on optimum utilization of resources, and technological progressions in the industrial and consumer appliances are driving the growth of the market. However, requirement for maintenance and frequent software upgrades restraining the growth of the market.
Based on the type, differential pressure transmitters segment is expected to have lucrative growth during the forecast period, due to the growth of water & wastewater industry globally. These transmitters are the most widely used pressure transmitters for flow, level, and pressure measurement applications in the oil & gas industry, which are of utmost importance for monitoring and control of processes. These transmitters can be based on any of the pressure sensing technologies and find their usage in level detection and flow measurement with the help of primary elements such as orifice plates, venturi tubes, flow nozzles, low loss flow tubes, and pitot tubes etc. in aforesaid industries. Differential pressure transmitters are used at different stages of primary, secondary, tertiary, and biological wastewater treatment processes.
The key vendors mentioned are Fuji Electric Co., Emerson Electric Co., Omega Engineering Inc., General Electric Co., Siemens AG, ABB Ltd., Omicron Sensing Pvt, Honeywell International Inc., Yokogawa Electric Corporation, Endress+Hauser Consult AG, Danfoss, WIKA, Dwyer Instruments Inc., SensorONE Ltd., Azbil Corporation, Sensata Technologies Inc., Hitachi Ltd., TE Connectivity, KROHNE Ltd, and Mitsubishi Electric Corporation.
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