Pressure Transmitter Market Outlook – 2027

Pressure transmitters are devices that create digital or analog signals based on quantity of pressure applied over gasses or liquids. Pressure transmitters contain a pressure transducer and an electronic amplifier in a single set through which data can be transferred to far places with accuracy and less noise. It is also used for measuring pressures at different levels. 

Pressure transmitters have round gauge with dissimilar levels hence, 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 specific atmospheric pressure in gauge pressure sensors. They are also used by combining other devices to measure altitudes, water flow, and depth to prevent any leakage in industrial applications.

The global pressure transmitter market is segmented on the basis of type, fluid type, sensing technology, application, end users and region. Based on type, the market is divided into absolute pressure transmitters, differential pressure transmitters, gauge pressure transmitters, and multivariable pressure transmitters. In terms of fluid type, the market is categorized into steam, liquid, and gas. 

On the basis of sensing technology, the market is divided into capacitive, piezoelectric, strain gauge, and others. On the basis of end users the market is divided power generation, water & wastewater, food & beverages, oil & gas, chemicals, textiles, 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 transmitter industry include Mitsubishi Electric Corporation, Schneider Electric, Siemens AG, The Emerson Electric Company, ABB Group, WIKA, Honeywell International Inc., SensorONE Ltd., General Electric, Dwyer, and Endress+Hauser. 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 transmitter market.

Pressure Transmitter Market Scope and Structure Analysis

COVID-19 Scenario Analysis

• Global pressure transmitter market forecast 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 transmitters. 
• 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 pressure transmitter market trends 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 transmitters to minimize wastages/leakages and improve precision.

Top Impacting Factors

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

However, the maintenance cost of these transmitters 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 Pressure Transmitter Market

Yokogawa Electric Corporation had released a new low power Dpharp EJA-E series of differential pressure transmitter to meet the particular requirements of oil & gas production and exploration applications. It has high energy efficiency as it consumes only 27mW of power, has higher stability & accuracy, and is easy to maintain and install. Owing to the technological advancements, it is possible to produce and develop oil & gas in places where infrastructure is poor, so the need for low power instruments such as pressure transmitters arises, which flourishes the market.

High Demand for Wireless Transmitters 

One of the significant trends that lead to the development of the pressure transmitter market is rise in interest for wireless pressure transmitters. Moreover, new establishments for such transmitters are getting ubiquitous. These wireless transmitters can be introduced in far off areas and commonly offer lower establishment costs by wiping out wiring runs. Battery-worked transmitters, which regularly go with wireless establishments, are likewise filling in the frame. These transmitters discover use in a huge scope of utilizations, which include water tank level observing, pump monitoring, wastewater monitoring, and leakage monitoring.

Key Segments Covered

Key Benefits of the Report

• This study presents the analytical depiction of the global pressure transmitter market 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 transmitter market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global pressure transmitter industry growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global pressure transmitter market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions Answered in the Pressure Transmitter Market Research Report

• Who are the leading market players active in the pressure transmitter 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 market?
• What are the projections for the future that would help in taking further strategic steps?