Pressure Transmitter Market - Industry Trends, Opportunities and Forecasts to 2023
Global pressure transmitter market is expected to grow at a CAGR of 4.39% over the forecast period to reach US$4.206 billion by 2023, from an estimated value of US$3.392 billion in 2018. A pressure transmitter is a device used to measure liquid or gas pressure. Due to rise in industrial machinery and consumer electronic appliances, there has been burgeoning demand for pressure transmitters. Rising demand for touch-screen smartphones and computing devices is also augmenting the demand for pressure transmitters worldwide.
The matured automotive industry along with expanded industrial market in Americas region will fuel the demand for pressure transmitter over the forecast period. The pressure transmitter industry in Brazil will also gain momentum owing to growing offshore production activities. Asia Pacific is projected to witness the fastest growth due to rise in manufacturing hubs and increased oil & gas exploration activities. However, the requirement of huge investment for R&D activities in pressure transmitter industry is hampering the growth of the market.
The first section of the report deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.
Next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of Pressure Transmitter. Complete industry analysis has also been covered by Porter’s Five Forces model as a part of this report section.
Thirdly, pressure transmitter market has been segmented by type, end-use industry, sensing technology, fluid type, and geography. On the basis of types of Pressure transmitter, the market is segmented as absolute, multivariable, gauge, and others. By end-use industry, the segmentation has been done as metals & mining, oil & gas, pharmaceutical/biotech, chemical, and others as a part of this report.
Important regions for vendors in terms of market size are covered through detailed geographical segmentation and country Pressure forecasts. Geographical regions covered as a part of this section are Americas, Europe, and Asia Pacific.
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry player profiles as part of this section are General Electric Co., Siemens AG, ABB Ltd., and Yokogawa Electric Corporation among other companies.
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Supplier Outlook
4.7. Industry Outlook
4.8. Industry Value Chain Analysis
4.9. Scenario Analysis
5. Pressure Transmitter Market Forecast by Type (US$ billion)
6. Pressure Transmitter Market Forecast by Sensing Technology (US$ billion)
6.1. Strain Gauge
7. Pressure Transmitter Market Forecast by Fluid Type (US $ billion)
8. Pressure Transmitter Market Forecast by End-Use Industry (US$ billion)
8.1. Metals & Mining
8.2. Oil & Gas
9. Pressure Transmitter Market Forecast by Geography (US$ billion)
9.3. Asia Pacific
9.3.4. South Korea
10. Competitive Intelligence
10.1. Market Share of Key Players
10.2. Investment Analysis
10.3. Recent Deals
10.4. Strategies of Key Players
11. Company Profiles
11.1. General Electric Co.
11.1.3. Products and Services
11.1.4. Recent Developments
11.2. Siemens AG
11.2.3. Products and Services
11.2.4. Recent Developments
11.3. SensorONE Ltd.
11.3.3. Products and Services
11.3.4. Recent Developments
11.4. ABB Ltd.
11.4.3. Products and Services
11.4.4. Recent Developments
11.5. Emerson Electric Co.
11.5.3. Products and Services
11.5.4. Recent Developments
11.6. Dwyer Instruments, Inc.
11.6.3. Products and Services
11.6.4. Recent Developments
11.7. Yokogawa Electric Corporation
11.7.3. Products and Services
11.7.4. Recent Developments
11.8. Sensata Technologies, Inc.
11.8.3. Products and Services
11.8.4. Recent Developments
11.9. Endress+Hauser Consult AG
11.9.3. Products and Services
11.9.4. Recent Developments
11.10. Honeywell International, Inc.
11.10.3. Products and Services
11.10.4. Recent Developments