Electronic Pressure Transmitters and Transducers Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023

Electronic Pressure Transmitters and Transducers Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023

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Report Description

With advancement in industrial and consumer appliances, the markets for electronic pressure transmitters and transducers have grown in last decade. The innovative electronic and mechanical equipment being used in industries are expensive and need high maintenance. In order to prolong the lives of the industrial equipment involving fluid flow, pressure controlling and monitoring of such fluids is of high importance. This factors have acted as driver for the pressure transmitters and transducers’ market.

Pressure is one of the important factors of the fluid-power circuits. A pressure transducer is a device that senses and converts fluid pressures into electric signals. Due to the sensing ability of the device, a pressure transducer is also termed as a pressure sensor. A pressure transducer in connected to a preferred electrical source and exposed to a pressure source. The sensory component of a constant area within the transducer measures the pressure by responding to force applied by the fluid on its area. The applied force deflects the diaphragm used in the transducer. Such deflections, stress, and strains are converted into an output electric signal through various transduction methods. When the resulted signals are transmitted over long distances, they get grossly distorted. Thus, an electronic pressure transmitter is used that prevents such losses or electrical noises to intervene with the output electrical signals. Such device amplifies such output electrical signal by using an electric amplifier. Amplification of the signals compensates for any losses incurred during transmission over long distances.

Electronic pressure transmitters and transducers’ market can be segmented on the basis of end user industry such as the oil & gas, automotive, semiconductor, aerospace, power, alternative energy, water, HVAC, pneumatics/hydraulics and the process industries. In oil and gas sector, these products are being installed in onshore, offshore, and subsea environments. Pressure equipment are used for hydraulic drilling pressure downhole, rig safety, flow line pressure, additive metering pumps, subsea injection valves, well clean outs, pipeline monitoring, as well as in product such as gas compressor and storage tanks. Well service companies are using pressure equipment for hydraulic fracturing, nitrogen pumping, steam injection and coiled tubing, among others. Power generation is another major sector where these products are being used in gas flow measurements, turbine balancing, steam pressure measurements, and micro-turbines for standby power. The flexibility and technological edge provided by the pressure instruments have made them suitable to be used in industries such as wind, hydrogen, solar, methane, and bio-fuels industry. As the application areas of pressure transmitters and transducers are numerous, the demand in this market is expected to increase in the forecasted period.  However, huge investments are incurred in research and development required to make them at par with the advancing technology used in industries. This act as a major restraint for such electronic equipment’s market.

The markets for electronic pressure transmitters and transducers are expected to benefit significantly from the matured industrial and commercial markets of North America. The pressure transducers form a key component of the engine of an automobile as it monitors and regulates the oil and coolant pressures during acceleration of the car. Such process helps in achieving suitable speeds when accelerator or brake is pressed. The enhancing automotive sector of Mexico is expected to result in development of the markets for electronic pressure transmitters and transducers. Furthermore the superior technologies of the computer device and mobile phones with touch screen displays also use such pressure transmitters and transducers. The pressure transducer senses and converts the applied pressure by fingers and accordingly produces electrical signals that inform the processor. The U.S is one of the largest markets for such devices. In Asia Pacific region, such markets are projected a high growth in the years to come. The strong manufacturing bases, huge capacity additions, and the increased oil and gas exploration activities of China and India are assumed to demand for pressure transducers and transmitters to guarantee improved performances of such appliances. Thus, the increasing demand for such products tends to push their market evolvement in these nations. The growing offshore production activities in Brazil and Africa are also estimated to demand for the electronic pressure transmitters and transducers. Especially the requirement for the pressure transducers is likely to grow as they help in the estimation of the ocean depth and other marine conditions to make certain that the operating electronic devices are safe. 

The electronic pressure transmitters and transducers markets can be segmented on the basis of the type of pressure measurement done. Absolute pressure sensing and transmitting involves measuring of pressure with respect to the vacuum. The differential pressure transduction and transmission involves pressure measuring and comparing at two different points. Gauge pressure measurement is done by comparing the pressure at a point with the existing atmospheric pressure.

Some of the key players in the electronic pressure transmitters and transducers markets are ABB, SensorONE Ltd., WIKA, Sensata Technologies, Inc., Emerson Electric Co., Yokogawa Electric Corporation, Honeywell International Inc., and Endress+Hauser Consult AG, among others.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 

  • North America 
  • Asia Pacific 
  • Europe
  • Middle East and Africa
  • Latin America

This report provides comprehensive analysis of 

  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 

Reasons for Buying this Report

  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth 
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow 
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments 
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments 

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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