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/EIN News/ -- JERSEY CITY, N.J., July 19, 2022 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, “Pressure Transmitter Market” By Product (Absolute Pressure Transmitters, Differential Pressure Transmitters), By Application (Chemical industry, Electric Power Generation), and By Geography. According to Verified Market Research, the Pressure Transmitter Market size was valued at USD 2.81 Billion in 2021 and is projected to reach USD 4.05 Billion by 2030, growing at a CAGR of 4.14% from 2022 to 2030.
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Browse in-depth TOC on “Pressure Transmitter Market”
Global Pressure Transmitter Market Overview
Industrial automation systems take out human intervention, which lowers costs associated with labor, waste, and downtime, minimizes errors, improves process quality, and speeds up response and processing times. One of the essential field instruments used by the measurement and analytics division of the industrial automation suite to provide precise process measurements and improve productivity and safety is a pressure transmitter. Pressure transmitters track and store crucial data that may be used to boost production, spot trends, and make adjustments to stop reoccurring problems. This improves the effectiveness of the manufacturing processes, lowers the need for maintenance, and improves overall productivity.
According to shifting company needs, industrial systems need to be updated and maintained. Significant changes in software systems that manage field instruments like pressure transmitters and flowmeters have been observed with the increased adoption of IIoT and Industry 4.0 technologies. Industrial automation has accelerated the digital revolution while also making the monitoring and analysis of parameters more difficult. Although productivity rises, it becomes increasingly difficult to keep up with ongoing improvements to prevent unneeded breakdowns and downtime.
The major players in the market are Emerson (Rosemount), Fuji, Yokogawa, E+H, Schneider (Foxboro), Honeywell, SMAR, ABB, Siemens, Danfoss, Saic, Weltech, Guanghua, and Wecan.
Verified Market Research has segmented the Global Pressure Transmitter Market On the basis of Product, Application, and Geography.
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Visualize Pressure Transmitter Market using Verified Market Intelligence -:
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Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SME’s offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
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SOURCE – Verified Market Research®
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