Pressure Transmitter Market Expansion Driven by Growing Geriatric Population to 2030

According to the Market Statsville Group (MSG), the Global Pressure Transmitter Market size is expected to grow from USD 2,801.9 million in 2021 to USD 3,818.7 million by 2030, at a CAGR of 3.5% from 2022 to 2030.

Pressure transmitters commonly consist of pressure sensors, an amplifier or conditioning element, and an output signal. The pressure reading is transmitted to a flow computer, controller, or distributed control system via the output signal (DCS). In addition to measuring flow and level, differential pressure (DP) transmitters can also measure temperature.

The increasing emphasis on industrial automation for optimum resource utilization and the increasing prominence on real-time study and predictive maintenance are the factors responsible for the growth of the pressure transmitter market. Furthermore, the growing integration of Industrial Internet of Things (IIoT) and Industry 4.0 technologies, as well as the expanding potential of process industries, are expected to drive pressure transmitter demand in the near future.

Global Pressure Transmitter Market Dynamics

Drivers: Growing Emphasis on Industrial Automation to Maximize Resource Utilization

Industrial automation systems reduce work, waste, and labor costs by eliminating human intervention, minimizing downtime and inaccuracies, increasing process quality, and decreasing response and analysis time. A pressure transmitter is the key field instrument in the industrial automation suite's measurement and analytics division that ensures accurate process measurements while improving safety and productivity. Pressure transmitters monitor and record information to improve manufacturing productivity, identify patterns, and implement changes to prevent future events, which improves manufacturing process efficiency, reduces maintenance requirements, and increases overall productivity.

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Restraints: Maintenance and Frequent Software Upgrades are Necessary

As business requirements change, industrial systems must be updated and maintained. With the increased acceptance of IIoT and Industry 4.0 technologies, significant changes in software platforms that manage field instruments like pressure transmitters and flowmeters have been noticed. The implementation of industrial automation has accelerated digital transformation while increasing the complexity of the entire parameter measurement and analysis process. Although productivity rises, the complexity of staying current with continuous upgrades becomes unavoidable to avoid unnecessary downtimes and failures.

Scope of the Global Pressure Transmitter Market

The study categorizes the pressure transmitter market based on type,  sensing technology, fluid type, application, and industry the regional and global levels.

By Sensing Technology Outlook (Sales, USD Million, 2017-2030)  

• Capacitive
• Piezoresistive
• Piezoelectric
• Strain Gauge
• Others

By Type Outlook (Sales, USD Million, 2017-2030)

• Absolute
• Gauge
• Differential Pressure
• Multivariable

By Fluid Type Outlook (Sales, USD Million, 2017-2030)

• Liquid
• Gas
• Steam

By Application Outlook (Sales, USD Million, 2017-2030)

• Level
• Pressure
• Flow

By Industry Outlook (Sales, USD Million, 2017-2030)

• Oil & Gas
• Chemical
• Water & Wastewater Treatment
• Food & Beverage
• Power
• Pulp & Paper
• Metals & Mining
• Pharmaceutical
• Others

By Region Outlook (Sales, USD Million, 2017-2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • The Netherlands
  • Norway
  • Czech Republic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

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Level measurement applications segment is projected to account for the largest market share by application

Based on application, the global pressure transmitter market is divided into level, pressure, and flow. The level measurement segment is projected to grow at a rapid pace. Pressure transmitters are widely used to measure levels in diesel tanks, chemicals, petrochemicals, water and wastewater, and other processes. Pressure transmitters have several advantages over other field devices, including low cost, ease of operation, low maintenance costs owing to the lack of moving components, and compact design, making them a good option for level measuring applications.

Asia Pacific is expected to account for the highest CAGR during the forecast period

The Asia Pacific market is expected to grow fastest with the highest CAGR. Growing market demand for electricity, increasing chemical exports, and developing industrial and utility-grade wastewater treatment plants are the factors that augmented the growth of the Asia Pacific pressure transmitter market. Furthermore, the growing potential of the chemical and food & beverage industries in the Asia Pacific is a major factor driving the region's pressure transmitter market growth.

Key Market Players in the Global Pressure Transmitter Market

The global pressure transmitter market is highly competitive, with key industry players adopting strategies such as product development, partnerships, acquisitions, agreements, and expansion to strengthen their market positions. Most market companies focus on expanding operations across regions, augmenting their capabilities, and building strong partner relations.

Major players in the global pressure transmitter market are:

• Emerson
• ABB
• Yokogawa
• Schneider Electric
• Endress+Hauser
• Siemens
• Honeywell
• Danfoss
• Fuji Electric
• Hitachi

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