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Pressure Transmitter Market is projected to grow at CAGR of 43% by 2023
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Pressure Transmitter Market: By Type (Absolute), Communication Protocol (Hart and Wireless Hart), Sensing Technology (Piezoelectric), Application (Flow, Level), Vertical (Oil & Gas) – Global Forecast Till 2023

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Market Scenario:

Pressure transmitters are sensors that are used to measure the pressure or level of industrial liquids and gases. They have application in various industries, such as food & beverage, chemical, and automotive industries. Pressure sensors in the automotive industry are mostly used for engine control.

The key players in the global Pressure Transmitter Market include Emerson Electric Company (U.S.), Yokogawa Electric Corporation (Japan), Endress+Hauser AG (Switzerland), ABB Ltd. (Switzerland), and Honeywell International, Inc. (U.S.), among others. Emerson Electric Company, one of the major players in pressure transmitter market, has manufactured a range of Rosemount pressure transmitter. The company states that there are over 10 million devices installed of which this particular pressure transmitter family offers an all-in-one solution for pressure, level, and flow measurement. It is engineered with a coplanar flange for installation and application flexibility. This transmitter offers benefits such as easy to install and is designed with direct process mounting capability for cost-effective installation and efficiency.

The factors driving the growth of the pressure transmitter market consist of increasing demand for automation across all process industries, need for optimizing resources, and improving cost, safety, and security. Power, chemical, water, and pharmaceutical industries are expected to witness the deployment of pressure transmitters. Furthermore, the demand for automation in the process industries to reduce human errors is fuelling the market.

Global Pressure Transmitter Market is estimated to grow at a CAGR of approximately 43% during the forecast period of 2017-2023.

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Key Players

  • Emerson Electric Company (U.S.),
  • Yokogawa Electric Corporation (Japan),
  • Endress+Hauser AG (Switzerland),
  • ABB Ltd. (Switzerland),
  • Honeywell International,
  • (U.S.),
  • Siemens AG (Germany),
  • General Electric (U.S.),
  • Schneider Electric SE (Germany),
  • WIKA Alexander Wiegand SE & Co. KG (Germany),
  • Dwyer Instruments, Inc. (U.S.),

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