Continuous Upgrading Technology of Pressure Transmitter, Increasing Market Returns

With the development of industrial automation, various industries are gradually moving towards informationization and intellectualization. Driven by the market, pressure transmitters are constantly developing and expanding the market.

With the development of domestic economy, the development of pressure transmitter market is facing tremendous opportunities and challenges. In terms of market competition, the number of pressure transmitter enterprises is increasing, and the market is facing the asymmetry of supply and demand. Pressure transmitter industry has strong requirements for further shuffling, but in some pressure transmitter market segments there is still greater room for development, information technology will become the core competitiveness.

According to the research report, the global pressure transmitter market revenue is expected to reach US$3.77 billion (about RMB 24.8 billion) by 2020, with a compound growth rate of 5.0%. With the increasing automation of industrial production process, the need to optimize resources, reduce costs and improve safety has promoted the development of this market. Pressure transmitters will be used in power, chemistry, water supply, drainage and pharmaceutical industries.

In terms of classification, the multivariable transmitter market is growing rapidly. Although the cost of this device is high, it can measure many parameters, reduce the measurement cost of the whole process, and thus help enterprises save a lot of potential costs. Regionally, North America accounted for a larger share of the global pressure transmitter market in 2014. However, due to the expansion of energy capacity and the commissioning of new projects in the Asia-Pacific region, industrial automation and production need to be increased in order to maintain optimal cost. It is expected that the Asia-Pacific region will become a fast-growing pressure transmitter market between 2015 and 2020.

Throughout the domestic market, the transmitter industry has a broad space for development. According to the forecast of relevant personnel, the future market of intelligent pressure transmitter industry will mainly be in the power industry, petrochemical industry, fertilizer, environmental protection and urban construction industries. They assert that whoever has good technology, excellent quality and continuous development of new products will be able to take the lead and stand out in the fierce market competition.