Market Status and Development Trends of Domestic Pressure Transmitters
According to authoritative QYR data statistics and forecasts, the global market sales of pressure transmitters and differential pressure transmitters reached 1.8 billion USD in 2021, and it is expected to reach 2.1 billion USD by 2028, with a compound annual growth rate (CAGR) of 1.9% from 2022 to 2028. On a regional level, the Chinese market has changed rapidly in recent years, with a market size of million USD in 2021, accounting for approximately % of the global market. It is expected to reach million USD by 2028, at which point the global share will reach %.
Release time:
2022-03-15
Source:
According to authoritative QYR data statistics and forecasts, the global market sales of pressure transmitters and differential pressure transmitters reached 1.8 billion USD in 2021, and it is expected to reach 2.1 billion USD by 2028, with a compound annual growth rate (CAGR) of 1.9% (2022-2028). Regionally, the Chinese market has changed rapidly in recent years, with a market size of million USD in 2021, accounting for approximately % of the global market. It is expected to reach million USD by 2028, at which point the global share will reach %.
A pressure transmitter is a device that converts pressure into pneumatic or electric signals for control and remote transmission. It can transform the physical pressure parameters of gases, liquids, etc., sensed by the pressure sensing element into standard electrical signals (such as 4-20mA DC, etc.) for secondary instruments like indicators, recorders, and regulators for measurement, indication, and process adjustment. A differential pressure transmitter is a typical self-balancing detection instrument that uses the principle of negative feedback to overcome the adverse effects of component materials, processing technology, and other factors.
The differential pressure transmitter is used to prevent the medium in the pipeline from directly entering the transmitter. The pressure sensing diaphragm is connected to the transmitter through a capillary tube filled with fluid. It is used to measure the level, flow, and pressure of liquids, gases, or steam, and then convert it into a 4-20mA DC signal output.
According to different applications, global pressure transmitters are mainly used in the following areas: chemical industry, power industry, oil and gas, water treatment, food and beverage, metal products, and papermaking industry.
Major manufacturers of global pressure transmitters and differential pressure transmitters (Absolute Pressure Transmitter and Differential Pressure Transmitter) include Emerson, Yokogawa, Schneider Electric, ABB, Endress+Hauser, Siemens, Fuji Electric, Azbil (Yamatake), and Honeywell. These manufacturers account for approximately 80% of the global market share for pressure transmitters and differential pressure transmitters. North America is the largest market for pressure transmitters and differential pressure transmitters, with a market share of about 30%, followed by China and Europe. (Note: Historical data is from 2017 to 2021, and forecast data is from 2022 to 2028.)
Key words:
Domestic, transmitter, global, pressure transmitter
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