Pressure Transmitters

The Pressure Transmitters market research study delivers current market analysis plus a five year market and technology forecast. The study is available in multiple editions including worldwide, all regions, and most major countries.

Environmental Regulations and Sustainability Drive Pressure Transmitter Market Growth

More stringent environmental regulations and the push toward sustainability are driving growth in the global pressure transmitter market worldwide. Pressure transmitters are being used to reduce emissions and make processes more efficient in a wide range of existing and emerging applications from oil and gas production to plastics recycling processes. New products designed for extremely harsh conditions, multivariable measurement devices, and wireless pressure transmitters are making it easier to place pressure transmitters just about anywhere in any application.

Pressure Transmitters Strategic Issues

In addition to providing a five-year market forecast, the Pressure Transmitter market research provides detailed quantitative current market data and addresses key strategic issues as follows.

Understand and Incorporate Industrial IoT

End user organizations continue to face a shortfall of qualified personnel, as fewer new workforce entries perceive process automation, process engineering, chemical engineering, or similar technical fields as attractive career paths. Furthermore, it can take up to two years to train a new hire effectively in the field of automation, and once trained, it may be difficult to retain that individual. This “brain drain” is a major challenge for end user organizations, and they are looking at suppliers to take an essential role in filling this skills gap.  

For pressure transmitter suppliers, the situation spurs growth in more sophisticated forms of automation such as Industrial IoT. Forward-looking suppliers are investing to bring Industrial IoT to the field device level in the pressure transmitter market. Various Industrial IoT capabilities, such as remote monitoring and remote services, can help establish a more collaborative relationship between end users and suppliers. Industrial IoT solutions are now available for horizontal integration along the value creation chain, for consistent engineering from planning to maintenance, and for vertical integration from the field to the control level.  

However, Industrial IoT may not be available directly for two-wire devices, due to the high electricity consumption by the transmitter. End users can leverage the expertise of suppliers to help manage plant assets across their entire lifecycle; suppliers can go beyond being just automation providers, enhance their overall project revenues, and enjoy long-term revenue streams through customer service relationships.

Suppliers need to have a well-defined strategy and offerings in place. They need to have edge devices Industrial IoT ready, gateways to log and capture data from multiple sources, and cloud intrastate to store and analyze data and to deliver meaningful and actionable results to customers.

Focus on Asset and Energy Management

End users have begun to better realize the contributions of proper maintenance in keeping physical assets in good working condition to avoid business interruption and improve profitability as well as plant safety. Growth and spending for plant asset management (PAM) systems continue to rise as manufacturers seek to determine equipment condition as a means of increasing asset utilization. To get the full benefit of their PAM systems, users will have a further incentive, apart from higher accuracy and better performance, to upgrade their older devices to new units that offer greater intelligence and diagnostic functionality. 
 
Improving energy efficiency has also become an imperative for many manufacturing companies; one that reduces costs and increases efficiency when energy-intensive equipment creates bottlenecks in the plant. Efficient energy usage has a positive impact on asset maintenance costs, equipment lifecycle costs, safety, and overall emissions.

Avoid Paying Higher Price

End users must pay attention to avoid paying higher prices for something they will not use, or for something that is not required by their application such as:

• Exactness & Rangeability: Companies using pressure transmitters, if they really need a device with exactness and rangeability features, they should analyze the exactness formulas and note that sometimes exactness is not announced on all ranges. They should also watch other characteristics like response time, totals, PID (proportional, integral, derivative), block, etc., as they are likely to be more useful for their applications.
• Protection to the Investment: End users should analyze the cost of spare parts, the interchangeability between models, simplicity of specification, upgrade to other technologies (Foundation Fieldbus, Profibus PA), technical services, technical support, reposition term, etc. These are factors that may impair plant availability.

Models with stability and long-standing guarantees are more expensive. Therefore, users should check if their application really needs it. Normally there are process and installation conditions as requirements for this guarantee to be applicable.