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The global pressure transmitter market reached a value of US$ 3.19 Billion in 2020. 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. Looking forward, IMARC Group expects the global pressure transmitter market to reach a value of US$ 4.18 Billion by 2026, exhibiting a CAGR of 4.57% during 2021-2026.
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.
Breakup by Type:
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Breakup by Fluid Type:
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Breakup by End-Use Industry
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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.
The global pressure transmitter market reached a value of US$ 3.19 Billion in 2020.
According to the estimates by IMARC Group, the global pressure transmitter market to reach a value of US$ 4.18 Billion by 2026, exhibiting a CAGR of 4.57% during 2021-2026.
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 product type, the market has been classified into absolute pressure transmitters, gauge pressure transmitters, differential pressure transmitters, and multivariable pressure transmitters. Amongst these, differential pressure transmitters hold the largest market share.
On the basis of the sensing technology, the market has been classified into strain gauge, capacitive, piezoelectric, and others. At present, piezoelectric sensing technology exhibit a clear dominance in the market.
On the basis of the fluid type, the market has been classified into liquid, steam, and gas. Steam 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. At present, level-based applications exhibit a clear dominance in the market.
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. Amongst these, oil and gas currently accounts for the largest market share.
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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