Advanced Pressure Transmitters Gaining Momentum
ARC’s assessment of the global pressure transmitter market includes market size and forecast, as well as a number of device-specific segmentations, industry structure, customer classification, distribution channel, supplier market shares, and profiles.
The current competitive and highly regulated industrial environment demands more efficiency, reliability, and safety than ever before. Beyond basic replacement, users now have an opportunity to improve both the performance and the availability of their plants by upgrading to highly sophisticated, intelligent pressure transmitters.
By adding functionality, suppliers are able to deliver more value to the end users. Field device use will increase as wireless technology will enable more points to become accessible. More and more pressure transmitter products now offer diagnostics and advanced analytics.
With the benefits of the Industrial Internet of Things (IIoT) becoming evident, suppliers are looking to integrate connected field devices in their portfolios. The focus now is on instrument efficiency, accuracy, safety, and stability. An increasing emphasis is also being given to environmental regulatory compliance. As a result, this is leading to an increase in the number of points and reliability of the field device.
This study is intended to help pressure transmitter suppliers and purchasers keep abreast of technology advancements, and explores in-depth the key issues that will impact this business in the near future. These issues include:
- Short- and long-term potential for the pressure transmitter business
- Impact of low oil prices on the market
- How new technologies will impact the pressure measurement market
- Leveraging IIoT to maximze potential
- The industries and regions that offer the greatest growth potential
- Key elements for success in the business