LAMEA Pressure Transmitter Market Size, Share & Industry Trends Analysis Report By Fluid Type (Liquid and Gas & Steam), By Application (Level, Pressure, and Flow), By Type, By Industry, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Pressure Transmitter Market would witness market growth of 6.6% CAGR during the forecast period (2022-2028).
Pressure transmitters are also commonly utilized in the maritime industry. Everything focuses on responsibility and effectiveness in the maritime business. The WIKA A10 pressure transmitter, which is exceptionally compact and sturdy, is a popular model in this field. Transmitters in the maritime industry send data regarding liquid or gaseous processes to the engine compartment or bridge for monitoring.
To support severe process monitoring, gauge pressure transmitters are provided for absolute pressure monitoring with industry-specific considerations. Steel diaphragms installed in pressure vessels or piping may detect minute deformations due to applied force, which a sensing element within the gauge transmitter quickly converts into an electrical signal. This can be measured remotely or monitored at the measurement site using informative, user-friendly displays.
The United Arab Emirates (UAE) is thought to have the seventh-largest proven oil and gas reserves. The UAE produces 3 million barrels of petroleum and liquids per day on average and has 100 billion barrels of oil reserves. Approximately 30% of the country's GDP is directly based on oil and gas production, which accounts for nearly 13% of the country's total exports. The oil industry's profits and royalties provide for the vast majority of the UAE government's revenue.
The Brazil market dominated the LAMEA Pressure Transmitter Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $67.5 million by 2028. The Argentina market is exhibiting a CAGR of 7.1% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 6.3% during (2022 - 2028).
Based on Fluid Type, the market is segmented into Liquid and Gas & Steam. Based on Application, the market is segmented into Level, Pressure, and Flow. Based on Type, the market is segmented into Differential Pressure, Absolute, Gauge, and Multivariable. Based on Industry, the market is segmented into Oil & Gas, Chemical, Water & Wastewater Treatment, Power, Pharmaceuticals, Pulp & Paper, Metals & Mining, Food & Beverages, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Siemens AG, Schneider Electric SE, Hitachi, Ltd., Honeywell International, Inc., Yokogawa Electric Corporation, Emerson Electric Co., The Danfoss Group, Fuji Electric Co., Ltd., Endress+Hauser AG
Scope of the Study
Market Segments Covered in the Report:
By Fluid Type
- Gas & Steam
- Differential Pressure
- Oil & Gas
- Water & Wastewater Treatment
- Pulp & Paper
- Metals & Mining
- Food & Beverages
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- ABB Group
- Siemens AG
- Schneider Electric SE
- Hitachi, Ltd.
- Honeywell International, Inc.
- Yokogawa Electric Corporation
- Emerson Electric Co.
- The Danfoss Group
- Fuji Electric Co., Ltd.
- Endress+Hauser AG
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