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Pressure Transducer Market By Type (Absolute Pressure Transducer, Differential Pressure Transducer, Gauge Pressure Transducer, and Multivariable Pressure Transducer), Application (Level, Flow, and Pressure), and End Users (Oil & Gas, Pharmaceuticals, Chemicals, Metal & Mining, Power, Textiles, Automotive, Industrial and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

A09831
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Jun 2021 | 329 Views
 
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Pressure Transducer Market Outlook – 2027

The global pressure transducer market is experiencing a significant growth, and is expected to grow considerably in the next few years. Pressure transducers measure pressure, flow, and level of industrial liquids and gases by using analog and digital signals. These transducers comprise electric amplifier so that data can be sent to long distances with precision. A transducer sends a signal in volts (V) or millivolt (mV). Moreover, for measuring pressures at different levels, pressure transducers have round gauge with diverse levels. 

They are same as pressure transmitters, the only difference being that transducer sends signal in volts and transmitter sends signal in amperes. Therefore, pressure transducers are used in various industrial and automotive applications. They are used to measure rapid pressure changes in piezoelectric materials and using air pressure to calibrate exact atmospheric pressure in gauge pressure sensors & others. They are also used by combining other devices to measure altitudes, water flow, depth, and others to prevent any leakage in industrial applications.

The global pressure transducer market is segmented on the basis of type, application, end users, and region. Based on type, the market is divided into absolute pressure transducer, differential pressure transducer, gauge pressure transducer, and multivariable pressure transducer. In terms of application, the market is categorized into level, flow, and pressure. On the basis of end users the market is divided oil & gas, pharmaceuticals, chemicals, metal & mining, power, textiles, automotive, industrial and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global pressure transducer industry include ABB, Emerson Electric Co., Endres+Hauser Consult AG, Sensata technologies, SensorONE Ltd., WIKA, Yokogawa Electric corporation, Hitachi Ltd., Fuji Electric Co. Ltd., Setra systems and others. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global pressure transducer market.

Pressure Transducer Market Scope and Structure Analysis

Report Metric

Details

Market Size Available For Years

2019–2027

Base Year Considered

2019

Forecast Period

2020–2027

Forecast Units

Value (USD)

Segments Covered

Type, Application, End Users, and Region

Regions Covered

North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa)

Companies Covered

ABB, Emerson Electric Co., Endres+Hauser Consult AG, Sensata technologies, SensorONE Ltd., WIKA, Yokogawa Electric corporation, Hitachi Ltd., Fuji Electric Co. Ltd., Setra systems and others

 

COVID-19 Scenario Analysis

  • Global pressure transducer market has been significantly impacted by the COVID-19 outbreak. New projects throughout the world have stalled, which, in turn, have significant led to decline in demand for pressure transducers. 
  • Global factories have struggled to manufacture and integrate new systems as workers have stayed in their homes, which have threatened the global supply chains.
  • This COVID-19 crisis is expected to provide opportunities for companies to invest, implement, and research in technologies, which involve less human touch. For instance, combination of AI and automation.
  • The impact of COVID-19 on this market is temporary as just the production and supply chain is stalled. Once the situation improves, production, supply chains, and demand for these products are gradually going to increase as various growing industries would be using pressure transducers to minimize wastages/leakages and improve precision.

Top Impacting Factors

The major driving factors which lead to growth of the pressure transducer market are industrial automation and optimum utilization of resources. Apart from this monitoring performance of electronic instruments, pressure transducers have widespread applications in various industries. For instance, the oil industry uses pressure transducers for measuring level and flow of oil and other liquids, which majorly contributes to the pressure transducer market growth. 

However, the maintenance cost of these transducers and fluctuating oil prices, as they are majorly used in oil industries, hinders the market growth. Moreover, their increased usage in other industries such as agriculture, cement, textiles, and heating ventilation is expected to propel growth of the market in the future.

New Product Launches to Flourish the Market

A new ½ pressure transducer was launched by Quartzdyne Inc. for specific oil & gas industry in the year 2017. The same quality measurements across the bore can be received by operators and service companies by using this product. It enables monitoring of large cross sectional flows, deeper drilling, passing of wire, and others into various applications.

Thus, this product flourished the market, owing to its small size, accuracy, reliability, and enhanced capabilities.

Surge in Use in Automotive and Industrial Applications 

Prior to the advancements in IC technology, pressure transducers were easily differentiable from transmitters, owing to their size as pressure transducers were much smaller than pressure transmitters. Thus, they find their usage in automotive applications such as gauging liquid and gases in a vehicle and other industrial applications. Pressure transducers are used in other automotive applications such as setting damping of engine suspension and air conditioning. Though the automobile sector is shifting from traditional to electric but some applications such as air conditioning still require pressure transducers, thereby leading to growth of the market.

Key Segments Covered

Segments

Sub-Segments

Type

  • Absolute Pressure transducers
  • Differential Pressure transducers
  • Gauge Pressure transducers
  • Multivariable pressure transducers

Application

  • Level
  • Flow
  • Pressure

End Users

  • Oil & Gas
  • Pharmaceuticals
  • Chemicals
  • Metal & Mining
  • Power
  • Textiles
  • Automotive
  • Industrial
  • Others

 

Key Benefits of the Report

  • This study presents the analytical depiction of the global pressure transducer market forecast along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global pressure transducer market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global pressure transducer industry growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global pressure transducer market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions Answered in the Pressure Transducer Market Research Report

  • Who are the leading market players active in the pressure transducer market size?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the pressure transducer market trends?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
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  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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