New ARC Advisory Group research on the worldwide Pressure Transmitter market shows a return to positive but moderate growth in the wake of the COVID pandemic. Demand for sensors and instrumentation with greater capabilities is growing as users continue to invest in greater energy efficiency, safety, and compliance to stringent environmental regulations. New software applications and embedded sensor intelligence are also becoming available to interpret the data from sensors and convert it into actionable information. This will enable prompt response to potential problems and better insight for improved decision-making.
"Suppliers are now adding advanced features to basic transmitter models to address all types of measurement requirements, including the most stringent conditions. These latest versions offer self-diagnostics, increased accuracy and performance, and improved long-term stability. However, competition from non-contact level devices such as radar and ultrasonic devices has been rising, and this may impact the use of pressure transmitters in level measurement applications. The adoption of multivariable transmitters is also increasing among users, as it offers greater reliability due to fewer devices and less wiring, which means less chance of losses from downtime or process upsets. Users want solutions that give a clear return on investment (ROI)," according to Vidya Prasad, Market Analyst and key author of ARC's Pressure Transmitters Market Research Report.
Pressure Transmitter Market Trends
In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:
- Channel Partners are Becoming the True Enabler of Product Distribution
- Customer Demand for Application Specific Certifications
- Device Suppliers Opting for Different Approaches for Offering Attractive Product Portfolios
- Energy Market Growth
- Increasingly Stringent Environmental Regulations
- Integrated Pressure Transmitters
- Multivariable Transmitters
- Price Trend
- Suppliers Offering Comprehensive Package
- Wireless Transmitters
Leading Suppliers to the Pressure Transmitters Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: ABB, Emerson Automation Solutions, Endress+Hauser, Honeywell, Yokogawa.
About the Pressure Transmitters Research
The Pressure Transmitters report explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts and up to 5 years of historical analysis segmented by World Region, Transmission Method, Technology, Sales Channel, Safety Integrity Level, Intelligence, Industry, Customer Type, Communication Protocol, Application.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:
- Market Intelligence Workbook (Excel Power Pivot): A standard Workbook includes the base year market data and a five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports. Available with up to 5 years of historical analysis.
- Concise Market Analysis Report (PDF): This wide-screen presentation format makes it much easier to find detailed information on a market. This new format provides executives, business unit managers, and other authorized users with immediate access to in-depth market analysis, including analysis associated with every market data chart and figure. Included is an executive-level summary of the current market dynamics, five-year market forecast, and competitive analysis, plus an overview of strategic issues. The PDF is available with a comprehensive set of charts with associated analysis.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.