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Pressure Transmitter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A1834
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Market Overview:
The global pressure transmitter market size reached US$ 3.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.8 Billion by 2028, exhibiting a growth rate (CAGR) of 2.3% during 2023-2028.
A pressure transmitter is a sensor that regulates the compression applied over a liquid, fluid or gas. The device measures rapid changes in pressure, which are converted into mechanical energy and electric current. It also consists of an electronic amplifier and a pressure transducer to accurately transmit the current. These transmitters are commonly used in combination with other devices to measure depth, water flow, altitude and pressure loss to prevent any leakages in the industrial equipments. They are immune to radiation and electromagnetic fields, owing to which, they find extensive applications across various industry sectors such as chemical, oil and gas, power generation, food & beverages, metals & mining, etc.
The emerging trend of automation for industrial optimization is one of the key factors driving the growth of the market. The integration of digital communication interfaces, which offer remote calibration and diagnostics, is rapidly replacing traditionally used analog pressure transmitters. Besides being increasingly utilized in industrial machinery, these transmitters also find extensive application in consumer electronics for indoor navigation and creating an overall user-friendly interface, among other purposes. Additionally, the continuously rising healthcare sector is also favoring the market growth. Pressure transmitters are used to transmit blood pressure information from the catheter to the patient’s monitoring system. Also, steam sterilizers used in hospitals utilize these transmitters to regulate the quality of steam produced by maintaining the pressure inside the sterilization chamber. Other factors, such as increasing investments in the energy industry, coupled with the enhanced adoption of technologically advanced variants for reducing human errors, are projected to drive the market in the upcoming years.
IMARC Group’s latest report provides a deep insight into the global pressure transmitter market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the pressure transmitter market in any manner.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global pressure transmitter market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, sensing technology, fluid type, application and end-use industry.
Breakup by Type:
- Absolute Pressure Transmitters
- Gauge Pressure Transmitters
- Differential Pressure Transmitters
- Multivariable Pressure Transmitters
Breakup by Sensing Technology:
- Strain Gauge
- Capacitive
- Piezoelectric
- Others
Breakup by Fluid Type:
- Liquid
- Steam
- Gas
Breakup by Application:
- Flow
- Level
- Pressure
Breakup by End-Use Industry:
- Oil & Gas
- Power Generation
- Water & Wastewater
- Food & Beverages
- Chemicals
- Metals & Mining
- Pulp & Paper
- Pharmaceuticals
- Others
Breakup by Region:
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- North America
- United States
- Canada
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Chile
- Peru
- Others
- Middle East and Africa
- Turkey
- Saudi Arabia
- Iran
- United Arab Emirates
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being ABB Ltd., Dwyer Instruments Inc., Emerson Electric Co., Endress+Hauser Consult AG, General Electric Co., Honeywell International Inc., Sensata Technologies Inc., SensorONE Ltd., Siemens AG, Yokogawa Electric Corporation, etc.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Type, Sensing Technology, Fluid Type, Application, End-Use Industry, Region |
| Region 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, Argentina, Colombia, Chile, Peru, Turkey, Saudi Arabia, Iran, United Arab Emirates |
| Companies Covered | ABB Ltd., Dwyer Instruments Inc., Emerson Electric Co., Endress+Hauser Consult AG, General Electric Co., Honeywell International Inc., Sensata Technologies Inc., SensorONE Ltd., Siemens AG and Yokogawa Electric Corporation |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| 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) |
The global pressure transmitter market reached a value of US$ 3.1 Billion in 2022.
According to the estimates by IMARC Group, the global pressure transmitter market is exhibiting a CAGR of 2.3% during 2023-2028.
The increasing penetration of automation trends across several industrial verticals for optimum operations with minimum human interference, represents one of the key drivers of the global pressure transmitter market.
The replacement of conventional analog pressure transmitters with digitally-advanced variants having remote monitoring features, represents one of the key trends in the global pressure transmitter market.
Sudden outbreak of the COVID-19 pandemic has led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries of pressure transmitters, thereby hampering the market growth.
On the basis of the type, the market has been classified into absolute pressure transmitters, gauge pressure transmitters, differential pressure transmitters, and multivariable pressure transmitters.
On the basis of the sensing technology, the market has been classified into strain gauge, capacitive, piezoelectric, and others.
On the basis of the fluid type, the market has been classified into liquid, steam, and gas. liquid currently accounts for the majority of the total market share.
On the basis of the application, the market has been categorized into flow, level, and pressure.
On the basis of the end use industry, the market has been classified into oil and gas, power generation, water and wastewater, food and beverages, chemicals, metals and mining, pulp and paper, pharmaceuticals, and others.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America dominates the global market.
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