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- Global Industrial Transmitters Market
Global Industrial Transmitters Market to Reach US$ 23.4 Billion by 2032, Propelled by the Increasing Automation of the Industrial Processes
October 03, 2023
| Industrial Materials
The latest report by IMARC Group, titled “Industrial Transmitters Market Report by Type (Pressure Transmitter, Flow Transmitter, Level Transmitter, General Purpose Transmitter, Temperature Transmitter, and Others), Industry Vertical (Oil and Gas, Energy and Power, Chemical and Petrochemical, Water and Wastewater Treatment, and Others), and Region 2024-2032,” finds that the global industrial transmitters market size reached US$ 16.5 Billion in 2023. Industrial transmitters are devices employed in various industrial processes to measure and transmit essential data. They are essential in monitoring and controlling parameters, including pressure, temperature, flow, and level in industrial settings. They are commonly employed to measure the force exerted by gases or liquids within a system while ensuring the stability and safety of processes, providing real-time pressure data, and helping operators make informed decisions. They are developed to monitor and transmit temperature readings accurately while maintaining the optimal operating conditions of equipment and ensuring product quality in industries including manufacturing and food processing. For instance, flow transmitters measure the rate at which a liquid or gas flows through a pipeline, which enables precise control of flow rates, aiding in efficient production and resource management. Additionally, level transmitters gauge the level of substances in tanks, silos, or containers essential in preventing overflows or underfill, averting potential hazards and material wastage. As a result, industrial transmitters are widely adopted for their reliable and accurate data transmission capabilities, which contribute to process optimization, quality control, and safety in industrial operations.
Global Industrial Transmitters Market Trends:
The market is primarily driven by the increasing automation of industrial processes across various sectors. Industrial transmitters are essential in process automation for transmitting essential data such as temperature, pressure, level, and flow measurements, which is essential for ensuring the efficient and safe process of industrial machinery and processes to enhance productivity and reduce operational costs. Moreover, the widespread adoption of Industrial Internet of Things (IIoT) technology allows the collection and transmission of real-time data from sensors and devices, which is analyzed to optimize operations, improve predictive maintenance, and enhance efficiency, representing another major growth-inducing factor. Along with this, the increasing focus on safety and regulatory compliance in industrial settings led to the application of industrial transmitters in monitoring and controlling various parameters to ensure a safe working environment, thus propelling market growth. For instance, in the oil and gas industry, transmitters monitor pressure levels in pipelines to prevent accidents. Besides this, the rising demand for industrial transmitters in pharmaceutical manufacturing for precise temperature monitoring to preserve product quality while complying with regulatory standards is accelerating market growth. Apart from this, the increasing use of industrial transmitters in the manufacturing sector to monitor and control various aspects of production processes, ensuring consistent quality and efficiency, augmenting the market growth. Furthermore, the extensive use of industrial transmitters in the energy sector to measure parameters, including flow and pressure in pipelines and power plants, is creating a positive market outlook. Looking forward, IMARC Group expects the market value to reach US$ 23.4 Billion by 2032, exhibiting a CAGR of 3.8% during the forecast period (2024-2032).
Market Summary:
- Based on the type, the market has been categorized into pressure, flow, level, general purpose, temperature, and other transmitters. Among these, pressure transmitters exhibit a clear dominance in the market.
- On the basis of the industrial vertical, the market has been divided into oil and gas, energy and power, chemical and petrochemical, water and wastewater treatment, and others. Presently, oil and gas represent the leading market segment.
- Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa. Among these, Asia Pacific holds the leading position in the market.
- The competitive landscape of the industry has also been examined in the report, with some of the key players being ABB Ltd, AMETEK, Inc., Danfoss A/S, Dwyer Instruments Inc., Emerson Electric Co, Fuji Electric Co. Ltd. (Furukawa Group), General Electric Company, Honeywell International Inc., Schneider Electric, Siemens AG, WIKA Alexander Wiegand SE & Co. KG, and Yokogawa Electric Corporation.
Report Scope:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Scope of the Report | Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
|
| Types Covered | Pressure Transmitter, Flow Transmitter, Level Transmitter, General Purpose Transmitter, Temperature Transmitter, Others |
| Industry Verticals Covered | Oil and Gas, Energy and Power, Chemical and Petrochemical, Water and Wastewater Treatment, Others |
| Regions Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | ABB Ltd, AMETEK, Inc., Danfoss A/S, Dwyer Instruments Inc., Emerson Electric Co, Fuji Electric Co. Ltd. (Furukawa Group), General Electric Company, Honeywell International Inc., Schneider Electric, Siemens AG, WIKA Alexander Wiegand SE & Co. KG, Yokogawa Electric Corporation, etc. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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