Pressure Transducer Market: Introduction
Transparency Market Research delivers key insights on the global pressure transducer market. In terms of revenue, the global pressure transducer market is estimated to expand at a CAGR of ~3% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global pressure transducer market.
The global pressure transducer market is broadly affected by several factors, including high demand for pressure transducers from the process industry and an increase in adoption of industrial automation and optimum utilization. Thus, expanding applications of pressure transducers in the process industry is propelling the global market for pressure transducers.
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Pressure Transducer Market: Dynamics
A pressure transducer often called a pressure transmitter is used to convert pressure into an analog electrical signal. Pressure transducer is used in various applications such as automotive, telecommunication, consumer electronics, industrial, oil & gas, water & wastewater monitoring, agriculture equipment, machine tools, process control, marine, industrial gases, food & beverages, HVAC, and telemetry. In the oil & gas industry, a pressure transducer is used to measure the pressure level in liquid pipes or tanks, inlet, outlet or system pressure, and other applications. This pressure transducer consists of two main parts: an elastic material that deforms when exposed to a pressurized medium and an electrical device that detects the deformation. The demand for pressure transducers is projected to rise in various applications across the globe in the near future. Pressure measurement and monitoring equipment (transducer/transmitters) are significantly used for modern control circuits for monitoring process flows, measuring safe levels in liquid tanks, managing control loops, and filtration system monitoring in various process industries such as food, beverages, chemicals, pharmaceuticals, petroleum, ceramics, base metals, coal, plastics, rubber, textiles, wood & wood products, and paper & paper products, which propel the growth of the global pressure transducer market.
In recent years, new technologies and innovations, and the adoption of technologically advanced, reliable, & accurate pressure transducers have increased in the pressure measurement field, thereby creating lucrative opportunities for the global pressure transducer market. Leading manufacturers are focusing on the development of pressure transducers with technologically advanced functions and features in order to respond to changing market needs. In addition, some manufacturers are developing technologically advanced, reliable, and cost-efficient pressure transducers for use in various end-use industries such as oil & gas, water & wastewater, automotive, aerospace, chemical, HVAC, agriculture, energy & power, and pharmaceuticals to ensure highest overall accuracy rate.
Pressure Transducer Market: Key Players
Key players operating in the global pressure transducer market are Emerson Electric Co., Honeywell International Inc., PCB Piezotronics Inc., Amphenol Corporation, Setra Systems, Inc., ABB Ltd., IFM electronic GmbH, KistlerInstrument Corp., Schneider Electric S.E., Siemens AG, Wika Group, TE Connectivity, Endress+Hauser, Omicron Sensing Pvt Ltd., and Yokogawa Electric Corporation.
Global Pressure Transducer Market: Segmentation
Pressure Transducer Market, by Technology
- Piezoelectric
- Capacitive
- Piezoresistive
- Thin Film
- MEMS
- IEPE/ICP
- Others (Fiber Optic, etc.)
Pressure Transducer Market, by Measurement Type
- Absolute Pressure Measurement
- Gauge Pressure Measurement
- Differential Pressure Measurement
- Multivariable Pressure Measurement
Pressure Transducer Market, by Communication Protocol
- Modbus
- Canbus
- Profibus
- HART
- FFB
- Others (RS-232 and RS485)
Pressure Transducer Market, by End-use Industry
- Automotive
- Aerospace
- Oil & Gas
- Food & Beverages
- Chemical Industry
- Pharmaceuticals
- Water & Waste Water Management
- HVAC
- Industrial
- Test & Measurement Instruments
- Off Road Vehicles
- Construction Equipment
- Plastic Manufacturing Equipment
- Agricultural Equipment
- Machine Tools
- Energy & Power
- Others (Paper & Pulp, etc.)
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