According to the latest report by IMARC Group, titled “Pressure Transmitter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on Pressure Transmitter market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global pressure transmitter market reached a value of US$ 2.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.7 Billion by 2027, exhibiting a CAGR of 4.2% during 2022-2027.
Pressure transmitters are pressure sensor tools which assist in measuring fluid pressure, ensuring accurate process measurements and enhanced safety and productivity. They record valuable information, identify patterns, and implement changes to the machinery to prevent impending failures during the manufacturing process. When pressure is applied to the transmitter, the diaphragm deflects, causing strain which produces an electrical resistance proportional to the pressure change. Pressure transmitters are available in both analog and digital variants, and they are compatible with a variety of gases and liquids.
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Global Pressure Transmitter Market Trends:
The market is primarily driven by the rapid utilization of Industrial Internet of Things (IIoT) for industrial automation across the globe. This can be attributed to the rising need for optimum utilization of available resources and an enhanced focus on real-time data analysis and predictive maintenance for industrial processes. Additionally, the increasing product adoption for blood pressure monitoring in the healthcare sector is further propelling the market. Some of the other factors contributing to the market growth include the advent of Industry 4.0, escalating demand for user-friendly interfaces and indoor navigation in consumer electronics and easy product availability across online and offline organized retail channels.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
Our report has categorized the market based on region, type, sensing technology, fluid type, application and end-use industry.
Key highlights of the report:
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