Integrating Cellular Communication Technology With Wireless Pressure Transducer To Boost Global Pressure Transducer Market
ALBANY, NY, August 9, 2021 / PRNewswire / – Global Pressure Sensors Market: Overview
A pressure transducer, also known as a pressure transmitter, converts pressure into an analog electrical signal, and it is widely used in a wide range of industries, such as telemetry, HVAC, oil and gas. , automotive, consumer electronics, etc. The transducer is used in the oil and gas industry to monitor pressure in liquid reservoirs or pipes, outlet, inlet or pressure of the system, and many other applications. The system is made up of two basic components: an elastic substance that deforms when subjected to a pressurized fluid and an electrical device that identifies the deformation.
The global pressure transducer market is expected to grow at a CAGR of 3.4% during the forecast period 2021 to 2031. By 2031, the pressure transducer market is expected to be worth more than 5.61 billion US dollars. There are many factors influencing the global pressure transducer market such as increasing industrial automation and growing need for pressure transducers in the process industry. As a result, the market is expected to grow due to the increasing applications of pressure transducers in the process industry.
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Main conclusions of the market report
- MEMS-Based Transducers Demonstrate High Demand From Automation And Industrial Operations
In addition to healthcare and medical device businesses, pressure sensor manufacturers are in high demand in the aeronautics, hydraulics and automation industries. Es Systems, a producer of innovative and high-quality sensor solutions for the medical and industrial fields, is increasingly recognized for its transducers based on Capacitive Micro-Electromechanical Systems (MEMS) technology for a variety of industrial and industrial operations. ‘automating.
In specialty medical technology applications, MEMS technology is gaining importance. Using MEMS technology, companies in the pressure transducer market are able to discover growth potential in the detection of blocked filters, pressure valves, and automated pneumatic assembly applications.
- The integration of cellular communication with the pressure transducer opens up new business opportunities
Market players are accelerating the manufacture of easy-to-install cellular pressure transducers that can connect directly to a vendor’s secure data portal, where they provide 24/7 customer and technical support. Wireless pressure transducers with integrated cellular communication are a new entry in the global pressure transducer market. Compared to traditional transducers, these devices simplify pressure and temperature monitoring. A sensor network can only be monitored by a single system using these transducers. In addition to improving and innovating in pressure transducers, manufacturers are offering lower prices and minimal inventory costs to their customers.
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Pressure sensors market: growth drivers
- In the application of pressure measurement, new technologies and breakthroughs as well as the use of technologically sophisticated pressure transducers have developed in recent years. This has given rise to attractive lucrative prospects for the global pressure transducer market.
- Pressure transducers are increasingly popular in liquid energy applications that require high resolution and accurate force measurement. These systems are used to evaluate the operating characteristics of closed loop pumps.
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Pressure Sensors Market: Main Competitors
Some of the main competitors in the market are as follows:
- Honeywell International Inc.
- Yokogawa Electric Company
- IFM electronics GmbH
- Schneider Electric SE
- PCB Piezotronics Inc.
- Omicron Sensing Pvt Ltd
Pressure Sensors Market: Segmentation
- Thin layer
- IEPE / ICP
Type of measurement
- Absolute pressure measurement
- Manometric pressure measurement
- Differential pressure measurement
- Multivariable pressure measurement
End use industry
- Petroleum gas
- Food and drinks
- Chemical industry
- Water and wastewater management
- Test and measurement instruments
- Off-road vehicles
- Construction equipment
- Plastic Manufacturing Equipment
- Agricultural equipment
- Machine tools
- Energy & Power
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