New ARC Advisory Group research shows that Asia, with China as the growth engine of the global economy, boosts demand for temperature transmitters. The region presents the greatest potential for greenfield projects among automation vendors. Unlike legacy system upgrades, greenfield projects are not constrained by existing infrastructure, allowing for the implementation of state-of-the-art instrumentation and systems. Refineries in China and India will need to meet emission requirements, creating additional business opportunities. As refineries in China and India work to meet emission standards, demand is rising for advanced solutions like fieldbus and plant asset management (PAM). These require intelligent temperature transmitters, which offer higher margins and boost revenue for suppliers and improve productivity for end users.
"Digitalization is one of the major drivers in the temperature transmitter market. The temperature products offered by companies must fit into a bigger picture of digitalization. Companies are not only required to provide temperature products but are also forced to provide products which integrate with a customer’s digital strategy. Digitalization helps customers get a deeper look at their production processes by providing enhanced visibility and control over various aspects of production. It enables real-time monitoring and data collection, which allows customers to analyze and optimize their operations more effectively. By integrating digital tools and technologies, customers can gain insights into their production processes, identify inefficiencies, and make informed decisions to improve productivity and efficiency,” according to Vidya Prasad, Research Director, Process and key author of ARC's Temperature Transmitters Market Research.
Temperature Transmitters Market Trends
In addition to providing detailed competitive market share data, the research also addresses key market trends as follows:
- Field Device Integration (FDI)
- Suppliers Offering Comprehensive Package
- Device Suppliers Opting for Different Approaches for Offering Attractive Product Portfolios
- Pricing Trend
- Increasingly Stringent Environmental Regulations
- Continued Emphasis on Plant Asset Management (PAM)
- Clamp-On RTDs
- Integrated Assemblies
- Shift Towards Thin Film RTDs
- Ethernet-APL
Leading Suppliers to the Temperature Transmitters Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: ABB, Emerson Automation Solutions, Endress+Hauser, Honeywell, Yokogawa.
About the Temperature Transmitters Research
The Temperature Transmitters research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, and 14 years of historical analysis.The research segmentation includes Region, Revenue Category, Industry, Intelligence, Transmission Method, Sensor Type, Power Supply, Mounting Style, Transmitter Housing Type, Number of Head Mount Input Nodes, Fixture Type, Communication Protocol, Safety Integrity Level, Customer Type, Sales Channel
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. ARC's Market Data Service (MDS) is an annual subscription service that provides a unique online environment to each customer, together with all the necessary user interface apps and datasets. MDS unlocks the full benefits of ARC’s time-tested market intelligence by leveraging the latest analytical tools and technologies to allow you to make more actionable, real-time business decisions. Interactive access to ARC’s qualitative analysis is displayed in context with up-to-date market data, allowing clients to develop customized views of the market to best suit their needs. ARC continues to offer our traditional static Market Reports as a PDF.
ARC provides several types of market data services. The most common are Market Growth Outlook and Competitive Analysis Services. These services provide detailed market analysis of a single or multiple products or software applications. Please visit Market Data Services page for more details on these services.