Pressure Transmitter Market - Global Trend & Forecast to 2020

“The pressure transmitter market is expected to grow at steady growth rate”
The global pressure transmitter market was valued at USD 2.82 billion in 2014, and it is expected to reach USD 3.77 billion by 2020, growing at a CAGR of 5.0% during the forecast period. The demand from power, chemical, pharmaceutical, and water & wastewater industries are expected to contribute to growth of global pressure transmitter.
“Multivariable pressure transmitter is expected to grow at the highest CAGR”
The market for multivariable transmitter is expected to exhibit the highest growth rate as single instrument can measure multiple parameters and reduce the total process cost as compared to other measurement instruments. Multivariable transmitters directly compute the mass flow or standard volume flow for gases, steams, and liquids (hydrocarbon and non-hydrocarbon) with dynamic flow compensation from the parameters such as differential pressure, static pressure, and temperature. Multivariable transmitters reduce pipe penetrations and save on impulse piping with three measurements from a single instrument.
“Asia-Pacific is expected to drive the pressure transmitter market”
Asia-Pacific is expected to register the highest growth rate during the forecast period in the pressure transmitter market because of emphasis on industrial automation and optimum utilizations of resources as growing urbanization and industrialization is putting pressure on available resources. Increasing labor cost even in developing countries is making the companies especially in the process industries to increase the degree of automation at the plant or field which not only results, in term of cost saving, but also help them to ensure the safety and security of the staff.
Breakdown of profile of primary participants
‧ By Company Type: Tier 1 - 55 %, Tier 2 - 20% and Tier 3 - 25%
‧ By Designation: C-level - 30%, Manager level - 55%, Others - 15%
‧ By Region: North America - 10%, Europe - 20%, APAC - 40%, RoW - 30%

Major players in pressure transmitter market are Emerson Electric Company (U.S.), Yokogawa Electric Corporation (Japan), Endress+Hauser AG (Switzerland), ABB Ltd. (Switzerland), Honeywell International, Inc. (U.S.), Siemens AG (Germany), General Electric (U.S.), Schneider Electric SE (Germany), WIKA Alexander Wiegand SE & Co. KG (Germany), and Dwyer Instruments, Inc. (U.S.).

Reasons to Buy the Report:
The report would help the market leaders/new entrants in this market in the following ways:
1. This report segments the pressure transmitter market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub segments across the different verticals and regions.
2. The report helps stakeholders to understand the pulse of the pressure transmitter market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report would help stakeholders to better understand the competitor and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, partnerships, new product developments, mergers and acquisitions.

TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 STUDY SCOPE 15
1.3.1 MARKETS COVERED 15
1.3.2 GEOGRAPHIC SCOPE 16
1.3.3 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY 16
1.5 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Key industry insights 21
2.1.2.3 Breakdown of primaries 21
2.2 MARKET SIZE ESTIMATION 21
2.2.1 BOTTOM-UP APPROACH 22
2.2.2 TOP-DOWN APPROACH 23
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 24
2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS 25
2.4.1 ASSUMPTIONS 25
2.4.2 LIMITATIONS 26
3 EXECUTIVE SUMMARY 27
4 PREMIUM INSIGHTS 32
4.1 ATTRACTIVE MARKET OPPORTUNITIES FOR THE GLOBAL PRESSURE TRANSMITTER MARKET 32
4.2 PRESSURE TRANSMITTER MARKET: TOP THREE APPLICATIONS 32
4.3 GLOBAL PRESSURE TRANSMITTER MARKET, BY GEOGRAPHY AND PRODUCT TYPE 33
4.4 PRESSURE TRANSMITTER MARKET, BY GEOGRAPHY, 2014 34
4.5 PRESSURE TRANSMITTER MARKET, BY INDUSTRY (2020) 35
4.6 PRESSURE TRANSMITTER MARKET, ASIA-PACIFIC VS. EUROPE 35
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5 MARKET OVERVIEW 36
5.1 INTRODUCTION 37
5.2 EVOLUTION 38
5.3 MARKET SEGMENTATION 39
5.3.1 BY TYPE 39
5.3.2 BY COMMUNICATION PROTOCOL 40
5.3.3 BY SENSING TECHNOLOGY 40
5.3.4 BY FLUID TYPE 41
5.3.5 BY INDUSTRY 42
5.3.6 BY APPLICATION 42
5.3.7 BY GEOGRAPHY 43
5.4 MARKET DYNAMICS 44
5.4.1 DRIVERS 44
5.4.1.1 Emphasis on industrial automation and optimum utilization of resources 44
5.4.2 RESTRAINTS 46
5.4.2.1 Downfall in petroleum prices—a bane for global process industries 46
5.4.3 OPPORTUNITIES 47
5.4.3.1 Increasing demand for multivariable pressure transmitters 47
5.4.4 CHALLENGES 47
5.4.4.1 Subdued growth in emerging economies and commissioning of greenfield projects 47
6 INDUSTRY TRENDS 49
6.1 INTRODUCTION 49
6.2 VALUE CHAIN ANALYSIS FOR THE PRESSURE TRANSMITTER MARKET 49
6.3 PORTER’S FIVE FORCES ANALYSIS 51
6.3.1 DEGREE OF COMPETITION 52
6.3.2 THREAT OF SUBSTITUTES 54
6.3.3 BARGAINING POWER OF BUYERS 55
6.3.4 BARGAINING POWER OF SUPPLIERS 56
6.3.5 THREAT OF NEW ENTRANTS 57
6.4 PROMINENT COMPANIES IN THE GLOBAL PRESSURE TRANSMITTER MARKET 58
7 PRESSURE TRANSMITTER MARKET, BY TYPE 60
7.1 INTRODUCTION 61
7.2 WORKING PRINCIPLE OF PRESSURE TRANSMITTER 61
7.3 CALIBRATION 62
7.4 HYSTERESIS 64
7.5 ABSOLUTE PRESSURE TRANSMITTER 64
7.6 GAUGE PRESSURE TRANSMITTER 65
7.7 DIFFERENTIAL PRESSURE TRANSMITTER 65
7.8 MULTIVARIABLE PRESSURE TRANSMITTER 65
8 PRESSURE TRANSMITTER MARKET, BY COMMUNICATION PROTOCOL 72
8.1 INTRODUCTION 73
8.2 HARTAND WIRELESS HART 73
8.3 FOUNDATION FIELDBUS 74
8.4 PROFIBUS PA 74
8.5 OTHERS 75
9 PRESSURE TRANSMITTER MARKET, BY SENSING TECHNOLOGY 76
9.1 INTRODUCTION 77
9.2 CAPACITIVE 77
9.3 PIEZOELECTRIC 78
9.4 PIEZORESISTIVE 78
9.5 STRAIN GAUGE/GAGE 78
9.6 OTHERS 79
9.6.1 FIBER OPTIC PRESSURE SENSORS 79
9.6.2 ELECTROMAGNETIC PRESSURE SENSORS 79
10 PRESSURE TRANSMITTER MARKET, BY FLUID TYPE 80
10.1 INTRODUCTION 81
10.2 LIQUID 81
10.3 STEAM 82
10.4 GAS 82
11 PRESSURE TRANSMITTER MARKET, BY INDUSTRY 84
11.1 INTRODUCTION 85
11.2 OIL AND GAS 85
11.3 CHEMICAL 85
11.4 WATER AND WASTEWATER 86
11.5 FOOD & BEVERAGES 87
11.6 POWER 87
11.7 PULP & PAPER 88
11.8 METAL & MINING 88
11.9 PHARMACEUTICAL 88
11.10 OTHERS 88
12 PRESSURE TRANSMITTER MARKET, BY APPLICATION 96
12.1 INTRODUCTION 97
12.2 FLOW 97
12.3 LEVEL 98
12.4 PRESSURE 98
13 PRESSURE TRANSMITTER MARKET, BY GEOGRAPHY 100
13.1 INTRODUCTION 101
13.2 NORTH AMERICA 103
13.3 EUROPE 109
13.4 ASIA-PACIFIC 115
13.5 REST OF THE WORLD 123
14 COMPETITIVE LANDSCAPE 129
14.1 OVERVIEW 129
14.2 PRESSURE TRANSMITTER MARKET SHARE ANALYSIS 130
14.3 COMPETITIVE SITUATIONS AND TRENDS 131
14.3.1 PARTNERSHIPS, ARGEEMENTS, AND CONTRACTS 133
14.3.2 ACQUISITIONS 134
14.3.3 NEW PRODUCT LAUNCHES 134
14.3.4 OTHERS 135
15 COMPANY PROFILES 136
(Overview, Products and Services, Financials, Strategy & Development)*
15.1 INTRODUCTION 136
15.2 EMERSON ELECTRIC COMPANY 137
15.3 YOKOGAWA ELECTRIC CORPORATION 142
15.4 ENDRESS+HAUSER AG 145
15.5 ABB LTD. 149
15.6 HONEYWELL INTERNATIONAL INC. 153
15.7 SIEMENS AG 157
15.8 GENERAL ELECTRIC 160
15.9 WIKA ALEXANDER WIEGAND SE & CO. KG 162
15.10 DWYER INSTRUMENTS, INC. 164
15.11 SCHNEIDER ELECTRIC SE 167
*Details on Overview, Products and Services, Financials, Strategy & Development might not be Captured in case of Unlisted Companies.
16 APPENDIX 169
16.1 INSIGHTS OF INDUSTRY EXPERTS 169
16.2 DISCUSSION GUIDE 170
16.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 172
16.4 AVAILABLE CUSTOMIZATIONS 173
16.5 RELATED REPORTS 173