Temperature Transmitters

This global Temperature Transmitter 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.

Demand for Energy Efficiency and Compliance Drives the Global Market for Temperature Transmitters

ARC Advisory Group’s latest research on the temperature transmitter market shows that demand for instrumentation is growing as processes need to be managed with increased energy efficiency, safety, and compliance to stringent environmental regulations. It is now clear that there are demanding applications and new measurement possibilities that can be met by temperature transmitters at a lower cost than other competitive non-contact technologies. In some cases, suppliers with a wide range of products with different product functions are consolidating the existing product line to make it more simplified, structured, and focused. These limited number of products are equipped with broad measurement capabilities to cover a wide range of applications. Such consolidations are being done with the purpose of helping customers make quick selection decisions with less effort.

Temperature Transmitters Strategic Issues

In addition to providing a five-year market forecast, the temperature 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. 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 temperature 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 temperature 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 for 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 across the value chain. They need to have edge devices Industrial IoT ready, gateways to log and capture data from multiple sources, and cloud 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 conditions to avoid business interruption and improve profitability as well as plant safety. Growth and spending for 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.

Focus on Connecting Devices to the Cloud    

From ARC’s perspective, the Cloud is a critically important technology to manufacturers, since it provides a common, economical, globally-accessible repository for plant data, equipment data, and other infrastructure information. Much work is being done in the automation community to develop standards for the gateway and interface technology needed to transport data between the Cloud and CIP-enabled industrial control systems populated with devices on networks such as Ethernet/IP and DeviceNet. However, concerns regarding security and reliability of the communication interfaces between the Cloud and the automation infrastructure, and a lack of standards and guidelines focused on these critical issues are impeding its growth. The network and communication solutions offered by some suppliers that have a common industrial cloud interface will address these security and communication issues head-on and could provide confidence to manufacturers that have been reluctant to leverage the benefits of the Cloud.