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Pressure Transmitter Market Size, Share and Global Trend By Type (Absolute, Gauge, Multivariablem, Differential-Pressure), By Application (Flow Measurement, Level Measurement, Pressure Measurement), By End-Use (Oil & Gas, Chemicals, Water & Wastewater, Food & Beverage, Power Generation, Metal & Mining, Pulp & Paper, Pharmaceutical) and Geography Forecast till 2021-2028

Region : | Report ID: FBI101196 | Status : Ongoing

 

KEY MARKET INSIGHTS

Measurement and control of physical parameters such as pressure and temperature are among the vital parts in the safe and efficient working of the processes. The pressure measurement and control is carried out using various devices such as pressure transmitters, pressure, and electronic pressure sensors, among others. The pressure transmitters consist of a pressure sensor that takes the pressure reading and converts it into a measurable analog electrical signal.

The pressure transmitter contains a diaphragm that deflects when the pressure is applied, and the deflection of the diaphragm causes strain, which produces an electrical resistance which is proportional to the pressure change. The pressure transmitters provide analog as well as digital signals, and have compatibility with a wide range of gases and liquids, and are available in wireless configurations as well.

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based on type, the pressure transmitters market is classified as absolute, gauge, differential pressure, and multivariable, among others. The absolute pressure transmitters are used in the applications where the atmospheric pressure doesn’t affect the pressure inside the vessel or process. The absolute pressure transmitters are generally used for the vacuum distillation columns. The gauge pressure transmitters are vented to the atmospheric pressure instead of the absolute vacuum.

The gauge pressure transmitters are replacing the use of the pressure transducers, switches, and gauges used in the market. The differential pressure transmitters measure the pressure differences in the flow and level of the fluid. The multivariable pressure transmitters are used for the measurement of two or more variables such as temperature, pressure, and flow. By end-use, the pressure transmitter market is segmented ,as oil & gas, chemicals, power generation, food & beverage, water & wastewater, metal & mining, pulp & paper, and pharmaceutical, among others.


The pressure transmitters are widely used across industries for various applications. Oil & gas industry is the major consumer of pressure transmitters for measurement and controlling operation while drilling, mud pumping, cementing, well stimulation, and coiled tubing. The pressure transmitters have applications in the construction industry for the construction machinery and HVAC system. The Growth of the construction industry is thus expected to augment the growth of the pressure transmitter market during the forecast period.


There are alternative products such as ultrasonic and coriolis flow meters available for the differential pressure transmitters. The availability of alternative products with better reliability as compared to the differential pressure transmitter is expected to have a negative impact on the growth of the pressure transmitter market.


Key Players Covered


Some of the major companies that are present in the global pressure transmitter market are Emerson Electric Co., Omega Engineering Inc., Yokogawa Electric Corporation, BD|Sensors GmbH, Dwyer Instruments Inc., Trafag AG, Wika Instruments India Pvt Ltd, Fuji Electric Co., Krohne Messtechnik GmbH, Seimens Industry Inc., Omicron Sensing Pvt, Ltd., Honeywell Process Solutions, Burster Präzisionsmesstechnik Gmbh & Co KG, Wika Instrument Lp, ABB, and MinebeaMitsu Inc. among others.


SEGMENTATION 






















SEGMENTATION



 DETAILS



By Application



· Flow Measurement


· Level Measurement


· Pressure Measurement



By End-Use



· Oil & Gas


· Chemicals


· Water & Wastewater


· Food & Beverage


· Power Generation


· Metal & Mining


· Pulp & Paper


· Pharmaceutical


· Others



By Geography



· North America (the USA and Canada)


· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)


· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)


· Latin America (Brazil, Mexico, and Rest of Latin America)


· Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)



Regional Analysis


The global pressure transmitter market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The energy consumption through natural gas and coal in North America accounted for around one-third share in the year 2017, as reported by EIA. The growth in the natural gas and power generation industry in the North America region is expected to drive the sales of the pressure transmitters in the near future. The Europe region is expected to provide lucrative opportunities for the growth of the power generation industry owing to the increasing demand for energy form industrial and domestic applications. The growth of the power generation industry in the region is expected to boost the growth of the pressure transmitter market during the forecast period. The Middle East and Africa region have witnessed a steady growth in the commercial real estate industry owing to the increasing tourism in the region. The growth of the commercial real estate industry in the region is expected to provide lucrative opportunities for the sales growth of the pressure transmitter in the region. China and India have witnessed decent growth in the oil & gas, and power generation industry. Owing to the applications of pressure transmitters in the heavy industries, the demand for the pressure transmitters is expected to remain high in the Asia Pacific region. Brazil and Mexico are gearing up to meet the growing energy demand through investments in the power generation industry. The growth of the power generation industry in the Latin America region is expected to augment the market growth of pressure transmitters in the region.


Key Industry Developments




  • In June 2019, Fuji Electric Co. Ltd acquired Consul Neowatt Power Solutions Pvt Ltd to expand its global presence in countries such as India. Fuji Electric Co. Ltd is involved in manufacturing of pumps, flow meters, pressure transmitters, and controllers among others.
  • In July 2019, a subsidiary of BBA Aviation Company signed an agreement with Meggitt PLC for providing connector harnesses, military chip detectors, cockpit indicators, and signal conditioners. This agreement was a follow on from the acquisition of license by Meggitt PLC in December 2018, for engine pressure transmitters, fuel monitoring chip detectors, and fuel flow transmitters.
  • In July 2018, Vega India Level and Pressure Measurement Pvt. Ltd introduced a new SIL pressure transmitter under the brand name VEGADIF 85 under the differential pressure transmitter type.

Pressure Transmitter  Market  Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

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