The analysts forecast the global pressure transmitters market to grow at a CAGR of 5.53% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global pressure transmitters market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
The report, Global Pressure Transmitters Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Other prominent vendors
- Ashdown Control
- Azbil (Yamatake)
- Fuji Electric
- Schneider Electric
- Toshniwal Industries
- Growing popularity of pressure transmitters due to pressure equipment accidents.
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- Emergence of alternative pressure transmitter technology.
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- Increasing adoption of technology in pressure transmitters.
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Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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PART 02: Scope of the report
PART 03: Research methodology
PART 04: Introduction
- Key market highlights
- Market overview
- Market size and forecast
- Five forces analysis
- Market segmentation of global pressure transmitter market by product type
- Global differential pressure transmitter market
- Global multivariable pressure transmitter market
- Global other pressure transmitter market
- Global pressure transmitter segmentation by end-users
- Global pressure transmitter market in oil and gas industry
- Global pressure transmitter market in chemicals and petrochemicals industry
- Global pressure transmitter market in power generation industry
- Global pressure transmitter market in mining industry
- Global pressure transmitter market in other industries
- Global pressure transmitter market by geography
- Pressure transmitter market in APAC
- Pressure transmitter market in Americas
- Pressure transmitter market in EMEA
PART 10: Drivers and challenges
- Market drivers
- Impact of drivers on key customer segments
- Market challenges
- Impact of challenges on key customer segments
- Growing use of wireless pressure transmitters
- Increasing adoption of technology in pressure transmitters
- Use of small, embeddable pressure transmitters
- Competition overview
- Competition analysis
- List of abbreviations
Exhibit 01: Different types of sensors used in pressure transmitters for measurement and calculations
Exhibit 02: Market landscape
Exhibit 03: Global pressure transmitter market 2016-2021 ($ millions)
Exhibit 04: Five forces analysis
Exhibit 05: Global pressure transmitter market 2016 and 2021 (%)
Exhibit 06: Global differential pressure transmitter market 2016-2021 ($ millions)
Exhibit 07: Global multivariable pressure transmitter market 2016-2021 ($ millions)
Exhibit 08: Global pressure transmitter market for others segment 2016-2021 ($ millions)
Exhibit 09: End-user segmentation of pressure transmitters 2016 and 2021 (%)
Exhibit 10: Global pressure transmitter market in oil and gas industry 2016-2021 ($ millions)
Exhibit 11: Global pressure transmitter market in chemicals and petrochemicals industry 2016-2021 ($ millions)
Exhibit 12: Global pressure transmitter market in power generation industry 2016-2021 ($ millions)
Exhibit 13: Global pressure transmitter market in mining industry 2016-2021 ($ millions)
Exhibit 14: Global pressure transmitter market in other industries 2016-2021 ($ millions)
Exhibit 15: Global pressure transmitter market by geography 2016 and 2021 (%)
Exhibit 16: Pressure transmitter market in APAC 2016-2021 ($ millions)
Exhibit 17: Pressure transmitter market in Americas 2016-2021 ($ millions)
Exhibit 18: Pressure transmitter market in EMEA 2016-2021 ($ millions)
Exhibit 19: Impact of drivers
Exhibit 20: Impact of challenges
Exhibit 21: Key vendors
Exhibit 22: Other prominent vendors
Exhibit 23: ABB: Business segments
Exhibit 24: ABB: Product offerings
Exhibit 25: Emerson: Pressure transmitter tools for customers
Exhibit 26: Emerson: Business segments
Exhibit 27: Emerson: Product offerings
Exhibit 28: Siemens: Business segments
Exhibit 29: Siemens: Product offerings
Exhibit 30: Yokogawa: Business segments
Exhibit 31: Yokogawa: Product offerings
The author of the report recognizes the following companies as the key players in the global pressure transmitters market: ABB, Emerson, Siemens, and Yokogawa.
Other Prominent Vendors in the market are: Anderson-Negele, Ashdown Control, Azbil (Yamatake), Endress+Hauser, Fuji Electric, Honeywell, Keller, Schneider Electric, Toshniwal Industries, and WIKA.
Commenting on the report, an analyst from the research team said: “One trend in market is growing use of wireless pressure transmitters. Wireless pressure transmitters are popular as they are easier to install; they also eliminate the need for hard wiring. Unlike the conventional pressure transmitters, it is easier to add measurement points in wireless transmitters, and these transmitters can be installed in locations that are difficult to reach and see. Some of these transmitters can be operated by remote process control and monitoring systems. They can be connected with the help of Bluetooth connectivity communication protocols. Most of these devices have a connectivity range of 60-70 ft. and have a battery life of more than two years, depending on the model and use. There are some models, which have a wireless connectivity range of around 1,000 meters.
Apart from Bluetooth connectivity, there are other wireless communication systems like ISA100.11a, which can be used to transmit the data. These transmitters are suitable for the oil and gas, mining, power generation, and other industries. They can be used to transmit the readings and are useful in setting the parameters such as the data update rate and other functions remotely. As of now, wireless transmitters are not widely used, but it is a trend that is picking up. Companies like Emerson, Yokogawa, and others are the prominent vendors for wireless pressure transmitters.”
According to the report, one driver in market is growing importance of process automation. The growth in the power generation and chemicals and petrochemicals industries and the increasing automation within these industries to upgrade existing facilities for the improvement of the overall functioning of the company is an ongoing trend. With automation, the consistency and quality of work can be maintained. Apart from the high initial cost of the automation process, the cost of maintenance is economical when compared with employing a human workforce. This allows the organization to reduce the time taken to complete a task, which, in turn, increases productivity.
Automation enables the collection of accurate data, which can then be used for strategy planning. Developed economies are investing more in wind power generation projects and their automation. This is expected to have a positive impact on the pressure transmitter market. As of now, the total power generated using wind power is much lower when compared with other conventional methods. With growing investments, this is expected to increase, which will create demand for pressure transmitters.
Further, the report states that one challenge in market is decline in oil and gas and mining industries. The oil and gas industry is the most important end-user of pressure transmitters. This industry is facing a decline as crude oil prices declined to about $50 per barrel as of September 2016. Companies within the oil and gas sector are reducing their expenditure and investments. The entire upstream sector in the oil and gas industry is declining, and this is one of the areas where pressure transmitters are widely used. Around $200 billion worth of projects have been canceled as of 2016. The environmental concerns are another reason for this industry's decline. All the G7 nations have agreed to reduce the use of fossil fuels to control pollution and global warming. One of the main users of petroleum products is automobiles. Therefore, many countries are compelling automobile manufacturers to reduce pollution levels and are encouraging them to produce electric vehicles (EVs). There are automobile manufacturers such as Tesla Motors that design only electric vehicles. Countries like Norway are promoting the use of EVs by providing incentives, such as the exemption from vehicle tax up to a certain percentage. It is one of the places where the use of passenger EVs is very high. Most of the developed countries have already started promoting the use of EVs, which will adversely affect the oil and gas industry. Industrialized nations and developing nations have already started investing in alternate energy projects like wind power, nuclear, and others. As of now, the oil and gas sector is the leading revenue-generating segment for pressure transmitters due to the demand from existing projects, and retrofits and replacements.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.