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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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