Pressure Transmitter Market

A pressure transmitter is a field instrument that determines pressure, level, and flow of any liquid, gas, and steam across various applications in process industries

The pressure transmitter market is expected to grow from USD 2.72 billion in 2018 to USD 3.36 billion by 2024, at a CAGR of 3.59%. A pressure transmitter is a field instrument that determines pressure, level, and flow of any liquid, gas, and steam across various applications in process industries. Factor driving the market for pressure transmitters is the high emphasis on industrial automation and optimum utilization of resources.

The market for multivariable pressure transmitters is expected to grow at a high CAGR during the forecast period. Multivariable transmitters reduce pipe penetrations and save on impulse piping with 3 measurements (pressure, level, and flow) in a single instrument. Because of these benefits and cost saving feature of pressure transmitters, the multivariable pressure transmitter market is expected to grow at a high CAGR during the forecast period.

Based on fluid type, the global pressure transmitter market for liquid is expected to grow at the highest rate from 2018 to 2024. Pressure transmitters are used to measure the flow and level of liquids in different process industries; therefore, the growth of the power, chemicals, and petroleum industries is expected to drive the growth of the market for pressure transmitters in liquid measurement.

To know about the assumptions considered for the study download the pdf brochure

The pressure transmitter market for the level measurement application is expected to grow at the highest rate during the forecast period. Level measurement carried out by using pressure transmitters is reliable, robust, simple to install, and uninfluenced by disruptive factors such as dust, foam, vapor build-up, and contaminants. Transmitters are commonly used for level measurement, depending on the nature of applications such as submersible, intrinsically safe, explosion-proof, and differential pressure types. In addition, level measurement can be done either by direct measurement or by using remote seals, thereby expanding its areas of application.

Among all industries, the market for the water & wastewater industry is expected to grow at the highest rate during the forecast period. Pressure transmitters are used inside pumping stations, chemical feeds, sewage systems, wet wells, filtration plants, storage systems, and mixing vessels in the water & wastewater industry. Water service is the most critical aspect of numerous day-to-day applications, affecting the well-being and safety of community, as well as of businesses, thereby seeks instruments to withstand corrosive medium, solid and semi-solid particles, and vibration by providing accurate measurements at the same time. Thus, the wide use of pressure transmitters in various applications of the water & wastewater industry would lead to highest CAGR of the water & wastewater industry in the pressure transmitter market.

APAC is likely to be the fastest-growing market for pressure transmitters from 2018 to 2024 owing to the rising demand for capacity expansion and industrial automation to increase productivity while keeping the production cost at minimal level.  China is the key contributor to the growth of the pressure transmitter market in APAC. This can be attributed to China’s huge industrial and manufacturing sector, as well as high focus on domestic production in the country. India is the fastest-growing market for pressure transmitters in APAC. In India, many industries are focusing on automation. Many core industrial segments such as water & wastewater, pharmaceuticals, power, and food & beverages are growing because of the increasing population and urbanization. Hence, the overall pressure transmitter market is expected to experience the highest growth in India.  Yokogawa (Japan) has extended its DPharp EJA Series of differential pressure transmitters with the development of the EJAC60E hygienic adapter system. EJAC60E is integrated with fluid-less pressure sensor that removes the risk of process fluid from getting contaminated.

Related Reports:

Pressure Transmitter Market by Type (Absolute, Gauge, Differential Pressure, and Multivariable), Application, Fluid Type, Industry (Oil & Gas, Chemicals, Power, Pharmaceuticals, Food & Beverages), and Geography - Global Forecast to 2024

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Report Code
SE 4003
RI Published ON
10/22/2018
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Pressure Transmitter Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved