Pressure Transmitter Market Size & Business Prospect, 2028

Global 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 Regional Outlook and Forecast, 2022 - 2028

Published Date: July-2022 | Number of Pages: 301 | Format: PDF | Report ID: KBV-18835

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COVID-19

Get in-depth analysis of the COVID-19 impact on the Pressure Transmitter Market

Market Report Description

The Global Pressure Transmitter Market size is expected to reach $3.2 billion by 2028, rising at a market growth of 3.6% CAGR during the forecast period.

A pressure transmitter is a device that controls the amount of compression that is applied to a liquid, fluid, or gas. The device detects quick pressure fluctuations and converts them into mechanical energy and electrical current. To correctly convey the current, it also includes an electrical amplifier and a pressure transducer. These transmitters are frequently used in conjunction with other instruments to detect leaks in industrial equipment by measuring depth, water flow, altitude, and pressure loss. Because they are resistant to radiation and electromagnetic forces, they have a wide range of applications in industries such as chemical, oil and gas, power production, food and beverages, metals and mining, and so on.

Pressure Transmitter Market - Global Opportunities and Trends Analysis Report 2018-2028

The movement of a diaphragm causes changes in electrical capacitance, which are measured by capacitive pressure sensors. Two parallel receiving plates are separated by a tiny opening in a capacitor. One of the plates serves as a diaphragm that is displaced by pressure, altering the circuit's capacitance. A circuit's resonant frequency can be measured as a result of the change. The time it takes to charge and discharge the capacitor can also be transformed into a series of pulses in a digital system.

Pressure transmitters, for example, actually measure levels of pressure as well as pressure differences. Pressure transmitters may operate in almost any condition and can even be submerged completely. They're made of piezoelectric materials, which are radiation- and electromagnetic-field-resistant. Pressure transmitters can be linked to other systems, such as electrical wiring, and calibrated to measure pressure in relation to atmospheric pressure.

COVID-19 Impact Analysis

COVID-19 has had a significant impact on the world economy and all industries around the world. During the first 1 to 2 months of 2020, the COVID-19 pandemic hampered the expansion of the pressure transmitter market. As many businesses have recovered after the pandemic, pressure transmitters have seen a boom in interest. Pressure transmitter market value chain has been significantly affected by the COVID-19 pandemic; however, the value chain has been consistently revived, resulting in continuous market expansion. In the post-pandemic period, a significant increase in the need for automation across processing industries such as chemical, water & wastewater treatment, oil & gas, and food & beverage, as well as a growing emphasis on real-time data analysis and predictive maintenance, is driving market expansion.

Market Growth Factors

For Optimal Resource Utilization, There Is a Growing Emphasis on Industrial Automation

Industrial automation systems cut work, waste, and labor expenses, reduce downtime and inaccuracies, improve process quality, and shorten response and processing time by eliminating human intervention. A pressure transmitter is one of the most important field instruments in the industrial automation suite's measurement and analytics division, which ensures precise process measurements while also improving safety and productivity. Pressure transmitters collect and store vital data to improve industrial productivity, spot patterns, and make changes to avoid future events. This, in turn, improves manufacturing process efficiency, lowers maintenance costs, and boosts overall production. The cost of medical care, paid vacation, and holidays associated with maintaining a human operator are all eliminated with industrial automation.

Requirement for Multivariable Pressure Transmitters in High Temperature Is Increasing

The mass flow is measured and calculated by the multivariable transmitter as a function of temperature, total pressure, and pressure difference. Its key advantage is that it eliminates the need for many receivers and a mass transfer calculator in the field. The transmitters help to improve productivity, process efficiency, and plant safety while cutting the total cost of maintenance dramatically. Multivariable transmitters give the most accurate and realistic flow measurement by combining sensors built microprocessor innovation, and dynamic flow correction. Pressure gauges are available in a variety of accuracies. Typical pressure transducers have an accuracy range of 0.5 percent to 0.05 percent of full-scale output. When reading shallow pressures for important demands, higher accuracies are desired.

Market Restraining Factors

Regular Software Updates and Maintenance Requirements

Industrial systems must be upgraded and maintained to meet changing company needs. Significant changes in software platforms that manage field instrumentation such as pressure transmitters and flowmeters have been observed as IIoT and Industry 4.0 technologies have become more widely adopted. Industrial automation has aided digital transformation while also increasing the complexity of the overall parameter measuring and analysis process. While productivity rises, the difficulty of staying current with regular upgrades rises as a result of the need to avoid unneeded downtime and failures.

Fluid Type Outlook

By Fluid Type, the Pressure Transmitter Market is bifurcated into Liquid, Gas & Steam. The gas & steam segment recorded a significant revenue share in the pressure transmitter market in 2021. Transducers, such as gas pressure transmitters, emit an electrical signal proportional to the pressure they detect. Microprocessors, programmable controllers, computers, and other electronic equipment attached to the sensor can now monitor pressure. Pressure transmitters use the current output to send gas pressure values to a control or display device.

Application Outlook

Based on the Application, the Pressure Transmitter Market is classified into Level, Pressure, and Flow. The flow segment witnessed a substantial revenue share in the pressure transmitter market in 2021. The outcome of a process in numerous industries, such as food and beverage, is fully dependent on various variables. The flow rate of the liquid, vapor, or gas is a significant factor among these variables. The flow of the fluid is measured using a variety of equipment. Flow transmitters are one of the most significant tools for the job. These devices, which are equipped with sensors, transmit an electrical signal to indicate the flow of liquid, gas, or a mixture of both.

Pressure Transmitter Market Share and Industry Analysis Report 2021

Type Outlook

Based on the Type, the Pressure Transmitter Market is segmented into Differential Pressure, Absolute, Gauge, and Multivariable. The multivariable segment registered a significant revenue share in the pressure transmitter market in 2021. The mass flow is measured and calculated by the multivariable transmitter as temperature dependent, total pressure, and differential pressure. It eliminates the need for many transmitters along with a mass transfer calculator in the field. The transmitters help to improve productivity, process efficiency, and plant safety while cutting ownership costs dramatically. Multivariable transmitters provide the most precise and reliable flow measurement by combining integrated sensors, microprocessor innovation, and dynamic flow correction.

Industry outlook

On the basis of Industry, the Pressure Transmitter Market is fragmented into Oil & Gas, Chemical, Water & Wastewater Treatment, Food & Beverage, Power, Pulp & Paper, Metals & Mining, Pharmaceutical, and Others. The chemical segment recorded a substantial revenue share in the pressure transmitter market in 2021. Pressure transmitters can gauge the pressure of extremely corrosive process fluids using remote chemical sealing. The seal elements' housings and diaphragms are the only parts of the instrument that come into contact with the fluid medium. The capillary tubes joining the seals to the transmitter, as well as the transmitter itself, contain only clean oil.

Pressure Transmitter Market Report Coverage
Report Attribute Details
Market size value in 2021 USD 2.5 Billion
Market size forecast in 2028 USD 3.2 Billion
Base Year 2021
Historical Period 2018 to 2020
Forecast Period 2022 to 2028
Revenue Growth Rate CAGR of 3.6% from 2022 to 2028
Number of Pages 301
Number of Tables 503
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling
Segments covered Fluid Type, Application, Type, Industry, Region
Country scope US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria
Growth Drivers
  • For Optimal Resource Utilization, There Is a Growing Emphasis on Industrial Automation
  • Requirement for Multivariable Pressure Transmitters in High Temperature Is Increasing
Restraints
  • Regular Software Updates and Maintenance Requirements

Regional Outlook

Region wise, the Pressure Transmitter Market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region procured a significant revenue share in the pressure transmitter market in 2021. Pressure transmitter sales are predicted to increase in the Asia Pacific region due to rising electricity demand, rising chemical exports, and the construction of industrial- and utility-grade wastewater treatment facilities. Additionally, a significant element propelling the expansion of the pressure transmitter market in the region is the region's expanding chemical and food and beverage industries.

Free Valuable Insights: Global Pressure Transmitter Market size to reach USD 3.2 Billion by 2028

KBV Cardinal Matrix - Pressure Transmitter Market Competition Analysis

Pressure Transmitter Market - Competitive Landscape and Trends by Forecast 2028

The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Siemens AG, Schneider Electric SE, ABB Group, Hitachi, Ltd., and Honeywell International, Inc. are the forerunners in the Pressure Transmitter Market. Companies such as Emerson Electric Co. and Yokogawa Electric Corporation are some of the key innovators in Pressure Transmitter Market.

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.

Strategies deployed in Pressure Transmitter Market

» Product Launches and Product Expansions:

  • Apr-2022: Yokogawa Electric Corporation introduced OpreX Vortex Flowmeter VY Series. The OpreX Vortex Flowmeter VY Series supports small preservation procedures that allow scheduled and efficient condition-based supervision.
  • Jan-2022: Danfoss Sensing Solutions unveiled next-generation DST P650, a robust digital-ready pressure transmitter providing future-proof efficiency, dependability, and security. The new DST P650 with high-performance capabilities and a foundation for smart, accessible diagnostics is engineered to resist the extreme circumstances of farming, building, and material handling applications around the world.
  • Oct-2021: Schneider Electric introduced version 21.2 of EcoStruxure Automation Expert. The 21.2 of EcoStruxure implanted Water and wastewater plants would now have complete lifecycle control, a seamless combined of IT/OT services, and enhanced system diagnostics for automation systems. Additionally, EcoStruxure Automation Expert further improves the abilities of the world’s first software-centric universal industrialization system.
  • May-2021: Endress+Hauser launched Cerabar and Deltabar pressure along with differential pressure instruments. The launch delivers a Bluetooth interface for easier operation and improved efficiency in regulatory control, safety, and other systems. Additionally, a high level of safety integrated with improved productivity follows the Endress+Hauser smart safety technique to improve factory availability.
  • May-2021: Fuji Electric introduced FSJ/FSX series, a new UltraSonic Flow Meter for Steam. The FSJ/FSX series was designed with high-sensitivity and new noise deduction technologies to permit consumer to measure saturated steam flow speed at low pressures from 14.5 PSIG and elevated temperatures up to 356 degrees Fahrenheit.
  • Jan-2021: Honeywell launched Cabin Pressure Control and Monitoring System, a next-generation application for commercial and service aircraft. The Cabin Pressure Control and Monitoring System offer all-electric, lighter-weight, and is public now for company and regional flying as well as tactical or service trainer-sized airplane. Additionally, the system assists maintain and observe the air force inside an airplane.
  • Aug-2020: Emerson launched Rosemount 550PT, a Pressure Transmitter. The Rosemount is specially designed for single-use bioprocessing purpose to provide the performance required to optimize procedures while maintaining product probity. Additionally, the Rosemount 550PT adjoins the single-use technology of instrumentation, which contains dissolved oxygen and pH instruments.
  • Jul-2020: ABB launched PxS100, a new range of pressure transmitters. The PxS100 provides great elements and functionality in a relaxed and adjustable design that is simple to setup and quickly obtainable. Additionally, PxS100 concise and rugged stainless-steel accommodation provide IP68, IP66, IP69K, and IP67 security for operability in high humidity or where there are high grades of dust engagement.
  • May-2020: Danfoss introduced MBS 1600 OEM pressure transmitters. The MBS 1600 OEMs are developed durable to resist the extreme circumstances that wind power applications encounter. Moreover, the reliable range of pressure transmitters arrives with all the needed electrical and pressure associations for easy combination into the nacelle.
  • Jan-2020: Danfoss introduced ADAP-KOOL Case Controls Solution, a user-friendly Case Controls Solution. The Case Controls Solution for food retail applications decreases the price and takes convenience to the next level with a new smartphone application that streamlines design, installation, assistance, and service. Moreover, ADAP-KOOL includes AKVP electronic expansion valve, DST P110 pressure transmitter, AKS 11 pressure transmitter & temperature sensor, and the AK-CC55 case controller.

» Partnerships, Collaborations and Agreements:

  • Jan-2022: Hitachi Rail came into a partnership with Intermodal Telematics, the sole supplier of a full-fledged telematics solution for tank containers and rail wagons. Through this partnership, Hitachi’s actual digital cargo assistance would comprise IMT’s monitoring detectors that sustain real-time surveillance.
  • Nov-2020: Siemens Energy came into a partnership with ProFlex Technologies, a company delivering technology-driven solutions to integrity management challenges within the oil & gas industry. Under this collaboration, Siemens Energy acquires premier access to ProFlex Technologies' digital Pipe-Safe advanced leak observation technology. Additionally, technologies integrated with Siemens Energy’s Internet of Things system would allow operators to decrease the ecosystem hazard related with working architecture by minimizing unexpected escapes of products into the environment.

» Geographical Expansions:

  • Apr-2022: Endress+Hauser expanded its geographical footprints by establishing silicon pressure sensors in Stahnsdorf near Berlin, Germany. This expansion aimed to establish a new production hall to fulfill the increasing requirements for silicon pressure instrumentation. Additionally, the expansion also contains a laboratory facility and a new office, along with a big outdoor space and additional parking.
  • Jul-2020: Yokogawa Electric Corporation expanded its geographical footprints by establishing new pressure and temperature sensors for the Sushi Sensor wireless industrial IoT solution in North America, Europe, and specific Southeast Asian markets. The pressure and temperature sensors deliver the online display of pressure and temperature data from gear such as furnaces and tanks and augment the vibration and surface temperature surveillance abilities of the combined XS770A wireless vibration detector.

Scope of the Study

Market Segments Covered in the Report:

By Fluid Type

  • Liquid
  • Gas & Steam

By Application

  • Level
  • Pressure
  • Flow

By Type

  • Differential Pressure
  • Absolute
  • Gauge
  • Multivariable

By Industry

  • Oil & Gas
  • Chemical
  • Water & Wastewater Treatment
  • Power
  • Pharmaceuticals
  • Pulp & Paper
  • Metals & Mining
  • Food & Beverages
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • 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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Related Reports:

North America Pressure Transmitter Market Report 2022-2028

Europe Pressure Transmitter Market Report 2022-2028

Asia Pacific Pressure Transmitter Market Report 2022-2028

LAMEA Pressure Transmitter Market Report 2022-2028

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