Market Maintains Post-Recession Momentum
The pressure transmitter market, after experiencing a sizeable dip in 2009 due to the effects of the global recession on the automation market, saw a speedy and strong recovery in 2010 driven by increased business in the energy sector. This trend continued in 2011, as pressure transmitter suppliers have benefited from such investment and expansion activities, and they have aligned their business goals to capitalize on growing industry segments and geographic regions that will enable them to increase market share, and return to business as usual.
Emphasis on plant asset management (PAM) systems, increased adoption of smart transmitters, multivariable technology, and wireless communication protocols have been the primary contributors to strong growth in recent years. Sustained user focus on PAM systems, plant safety, and multivariable sensing will continue to drive sales of intelligent pressure transmitters throughout the forecast period.
One addressable obstacle to growth is that users do not fully utilize the diagnostic capabilities of intelligent devices. Suppliers are in a position to help users integrate smart field instruments, but it may take a shift from a hardware-centric mindset to a more service-oriented focus.
This study is intended to assist suppliers and purchasers in staying abreast of pressure transmitter technology advancements and explores in-depth the key issues that will impact this business in the near future. These issues include:
- The size of the worldwide market for pressure transmitters
- The leading suppliers and their market shares
- The short- and long-term potential for the pressure transmitter business
- How new technologies will impact the pressure transmitter market
- The industries and regions that offer the greatest growth potential
- The key elements for success in the pressure transmitter business