China's transmitter industry market is vast

With the development of industrial automation, various industries are gradually moving toward information and intelligence. Under the drive of the market, pressure transmitters are also constantly developing new technologies and continuously expanding the market.

With the development of the domestic economy, the development of the pressure transmitter market is facing huge opportunities and challenges. In the market competition, the number of pressure transmitter companies is increasing, and the market is facing asymmetries in supply and demand. Pressure transmitter industry There is a strong demand for further shuffling, but there is still ample room for development in some pressure transmitter market segments, and information technology will become the core competitiveness.

According to the 2016-2021 China Smart Pressure Transmitter Industry Operation Trends and Investment Strategy Report, the global pressure transmitter market revenue is expected to reach 3.77 billion U.S. dollars (about 24.8 billion U.S. dollars) by 2020. The rate is 5.0%. With the ever-increasing automation of industrial production processes, the need to optimize resources, reduce costs, and increase safety has driven this market. Pressure transmitters will increase applications in the power, chemical, water supply, drainage, and pharmaceutical industries.

In terms of classification, the multivariable transmitter market has the fastest growth. Although the cost of this device is high, it can measure multiple parameters and reduce the measurement cost of the entire process, thus helping enterprises to save a lot of potential costs.

From a regional point of view, North America accounted for the largest share of the global pressure transmitter market in 2014, but due to the expansion of energy capacity in the Asia-Pacific region, new projects are put into production, and it is necessary to improve industrial automation and production in order to maintain optimal costs, it is expected that the period from 2015 to 2020 will increase. During the year, the Asia Pacific region will become the fastest growing pressure transmitter market.

Looking at the domestic market, the transmitter industry has a wide range of development space, according to experts predict that the future of smart pressure transmitter industry market is mainly in the power industry, petrochemical, fertilizer, environmental protection and urban construction industries. They asserted that whoever has good technology, who has excellent quality, and who can continuously develop new products, whoever can seize the initiative and stand out in the fierce market competition.