Dublin, Nov. 01, 2018 (GLOBE NEWSWIRE) -- The "Pressure Transmitter Market by Type (Absolute, Gauge, Differential Pressure, and Multivariable), Application, Fluid Type, Industry (Oil & Gas, Chemicals, Power, Pharmaceuticals, Food & Beverages), and Geography - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The pressure transmitter market is expected to grow from USD 2.72 billion in 2018 to USD 3.36 billion by 2024, at a CAGR of 3.59%

The growth of this market can be attributed to the high emphasis on industrial automation and optimum utilization of resources. However, the fluctuating market trend observed in end-user industries is likely to hamper the demand for pressure transmitters.

Multivariable pressure transmitters to witness high growth during the forecast period

The market for multivariable pressure transmitters is expected to grow at a high rate from 2018 to 2024. Multivariable transmitters reduce pipe penetration and save on impulse piping with 3 measurements namely, level, pressure, and flow in a single instrument. As a result of these benefits and cost savings, the multivariable pressure transmitter market is expected to witness high growth.

The pressure transmitter market for the level measurement application to grow at the highest CAGR during the forecast period

The pressure transmitter market for level measurement applications is likely to grow at the highest rate from 2018 to 2024. In level measurement, differential pressure transmitters can be easily mounted to the surface of the vessel for which level needs to be measured. Level measurement carried out by using pressure transmitters is reliable, robust, simple to install, and uninfluenced by disruptive factors such as dust, foam, vapor build-up, and contaminants.

APAC to be fastest-growing market for pressure transmitters during the forecast period

Among all regions, the market in APAC is expected to grow at the highest rate from 2018 to 2024. The growth of the market in this region is attributed to the huge industrial sector of China. Secondly, India is the fastest-growing market for pressure transmitters in APAC. India presents a huge opportunity for the pressure transmitter market owing to the large-scale industrial development in the country.

The adoption of automation solutions in the manufacturing industry in the country is increasing significantly with rapid industrialization. In addition, the growing number of power projects to meet the rising demand for electricity in India has given momentum to the implementation of pressure transmitters at plant locations.

Key Topics Covered:

1 Introduction
1.1 Objectives of the Study
1.2 Definition
1.3 Study Scope
1.4 Currency
1.5 Stakeholders
1.6 Limitations

2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities for the Global Pressure Transmitter Market
4.2 Pressure Transmitter Market, By Application
4.3 Global Pressure Transmitter Market, By Geography and Product Type
4.4 Pressure Transmitter Market, By Geography, 2017
4.5 Pressure Transmitter Market, By Industry (2024)
4.6 Pressure Transmitter Market, APAC vs Europe

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Emphasis on Industrial Automation and Optimum Utilization of Resources
5.2.2 Restraints
5.2.2.1 Fluctuating Market Trend Observed in End-Use Industries Likely to Hamper the Demand for Pressure Transmitters
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Multivariable Pressure Transmitters
5.2.4 Challenges
5.2.4.1 Concern Over Growth in Emerging Economies and Commissioning of Greenfield Projects
5.3 Working Principle of Pressure Transmitter
5.4 Calibration
5.5 Hysteresis
5.6 Communication Protocols for Pressure Transmitters
5.6.1 Hart and Wireless Hart
5.6.2 Foundation Fieldbus
5.6.3 Profibus Pa
5.6.4 Others
5.7 Key Sensing Technologies in Pressure Transmitter
5.7.1 Capacitive
5.7.2 Piezoresistive

6 Pressure Transmitter Market, By Type
6.1 Introduction
6.2 Absolute Pressure Transmitter
6.2.1 Absoulte Pressure Transmitters Provide High-Accuracy Measurements
6.3 Gauge Pressure Transmitter
6.3.1 Wide Usage of Gauge Pressure Transmitters Owing to Their Unique Features
6.4 Differential Pressure Transmitter
6.4.1 Differential Pressure Transmitter is Mostly Preffered in Various Industries
6.5 Multivariable Pressure Transmitter
6.5.1 Multivariable Pressure Transmitters Offer Greater Insight Into the Measurement Process Because of Its Intelligence and Versatile Performance

7 Pressure Transmitter Market, By Fluid Type
7.1 Introduction
7.2 Liquid
7.2.1 Gauge and Pressure Transmitters are Widely Used in the Measurement of Liquids
7.3 Steam
7.3.1 Differential Pressure Transmitters are Preferred for Steam Measurement
7.4 Gas
7.4.1 Pressure Transmitters Meeting All Safety Standards Qualify for the Measurement of Gas

8 Pressure Transmitter Market, By Application
8.1 Introduction
8.2 Flow
8.2.1 Pressure Transmitters are Commonly Used for Flow Measurement in Power Plants, Chemical Plants, and Petrochemical Refineries
8.3 Level
8.3.1 Level Measurement Application to Dominate the Pressure Transmitter Market During the Forecast Period
8.4 Pressure
8.4.1 Gauge Pressure and Absolute Pressure Transmitters are Preferred for Pressure Measurement

9 Pressure Transmitter Market, By Industry
9.1 Introduction
9.2 Oil & Gas
9.2.1 Oil & Gas Industry Dominated the Pressure Transmitter Market During the Forecast Period
9.3 Chemicals
9.3.1 Pressure Transmitters That Can Work in High-Temperature Environment and has Anti-Corrosive Abilities are Preferred in the Chemicals Industry
9.4 Water and Wastewater
9.4.1 Water and Wastewater to Be the Fastest Growing Industry Regarding the Pressure Transmitter Market During the Forecast Period
9.5 Food & Beverages
9.5.1 Increasing Population and Urbanization Would Drive the Growth for Food & Beverages Industry
9.6 Power
9.6.1 Installation of New Power Plants and Fuel Switching Would Drive the Market for the Power Industry in the Pressure Transmitter Market
9.7 Pulp & Paper
9.7.1 Absolute and Gauge Pressure Transmitters are Commonly Used in the Pulp and Paper Industry
9.8 Metal & Mining
9.8.1 Pressure Transmitters are Widely Used in the Steel Industry
9.9 Pharmaceutical
9.9.1 North America to Have the Highest Market Share in the Pharmaceutical Industry
9.10 Others

10 Pressure Transmitter Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 Upcoming Natural Gas Pipeline Projects in the Us Will Boost the Pressure Transmitter Market for the Oil & Gas Industry
10.2.2 Rest of North America
10.3 Europe
10.3.1 Germany
10.3.1.1 Germany to Dominate the Pressure Transmitter Market for Food & Beverages Industry
10.3.2 UK
10.3.2.1 Oil & Gas, Chemicals, and Power are Key Industries in UK
10.3.3 France
10.3.4 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.1.1 China Accounted for the Largest Pressure Transmitter Market in APAC
10.4.2 Japan
10.4.2.1 Japan to Hold A Significant Market Share of the Pressure Transmitter Market
10.4.3 India
10.4.3.1 Pressure Transmitter Market in India to Grow at the Highest Rate in APAC During the Forecast Period
10.4.4 Rest of APAC
10.5 Rest of the World (RoW)
10.5.1 Middle East and Africa
10.5.2 South America

11 Competitive Landscape
11.1 Overview
11.2 Pressure Transmitter Market Rank Analysis
11.2.1 Agreements and Collaborations
11.2.2 Product Launches
11.2.3 Expansions

12 Company Profile
12.1 Key Players
12.1.1 Emerson
12.1.2 ABB
12.1.3 Siemens
12.1.4 General Electric
12.1.5 Schneider
12.1.6 Yokogawa
12.1.7 Honeywell
12.1.8 Endress+Hauser
12.1.9 WIKA
12.1.10 Dwyer
12.2 Other Key Players
12.2.1 Fuji Electric
12.2.2 Hitachi
12.2.3 Azbil Corporation
12.2.4 Krohne
12.2.5 Vega
12.2.6 Danfoss
12.2.7 Jumo
12.2.8 Brooks Instrument
12.2.9 BD - Sensors
12.2.10 Setra
12.2.11 Omega Engineering
12.2.12 Aplisens
12.2.13 Ashcroft

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