Pressure Transmitters Market Report 2024 (Global Edition)

Global Pressure Transmitters Market Report 2024 Market Size Split by Type (Absolute, Gauge, Differential Pressure, Multivariable), by Sensing technology (Capacitive, Piezoresistive, Piezoelectric, Str...

Pressure Transmitters Market Report Description

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Pressure Transmitters Market Insights Video

Competitive Landscape of the Pressure Transmitters Market

Leading market players are investing heavily in R&D to expand their product offerings, which will help the pressure transmitters market grow even more. New product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other companies are all significant market changes. Pressure transmitters must provide cost-effective items in order to grow and prosper in a more competitive and increasing market environment

In November 2023, SOR Controls Group introduced three new models of the 1800PR piezoresistive gauge pressure transmitter. The 1800PR has a stainless-steel housing and a variety of pressure measuring choices, making it suited for a wide range of applications, including oil and gas, chemical processing, and HVAC systems. (Source: https://www.sorinc.com/2023/11/27/sor-releases-new-pressure-transmitter-solutions/) In November 2023, Huba Control introduced a new pressure transmitter, Type 560, for refrigerant applications. The all-new Type 560 will support a number of communication protocols, including 4-20 mA, HART, and PROFIBUS. This allows for easy integration with current control and monitoring systems. (Source: https://www.hubacontrol.com/en/new-560)

Top Companies Market Share in Pressure Transmitters Industry: (In no particular order of Rank)

• ABB Group
• Siemens
• Schneider Electric SE
• Hitachi
• Company Limited
• Honeywell International
• Yokogawa Electric Corp
• Emerson Electric Company
• The Danfoss Group
• Fuji Electric Co Ltd v
• Ltd.
• TE Connectivity Ltd
• Zemic Group
• Anfield Sensors Inc
• Endress+Hauser AG
• LCM Systems Limited
• SOR Controls Group
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Pressure Transmitters Market

Which Region Dominates the Pressure Transmitters Market in 2024?

According to Cognitive Market Research, North America has dominated the market. North America generated the most revenue in 2023. This is because the pressure transmitter is one of the essential instruments used for measurement and analysis in the industrial automation suit.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). This is due to rising energy consumption, increased chemical exports, and the construction of industrial and utility-grade wastewater treatment facilities. The region's expanding chemical, beverage, and food sectors are also contributing to market growth..

The current report Scope analyzes Pressure Transmitters Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Pressure Transmitters Market

According to Cognitive Market Research, the global Pressure Transmitters market size was estimated at USD 3152.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 1261.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Pressure Transmitters market with a market size of USD 994.96 million in 2024 and is projected to grow at a CAGR of 2.0% during the forecast period. The U.S. increasing demand for accurate and reliable pressure measurements in various applications such as oil & gas, chemical processing, and pharmaceuticals.
• The Canada Pressure Transmitters market had a market share of USD 151.32 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. The Canada pressure transmitter market is growing at a steady pace owing to rising demand for the Canadian oil and gas industry
• The Mexico Pressure Transmitters market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 114.75 million in 2024.

Europe Pressure Transmitters Market

According to Cognitive Market Research, the global Pressure Transmitters market size was estimated at USD 3152.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 945.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.

• The United Kingdom Pressure Transmitters market had a market share of USD 158.89 million in 2024 and is projected to grow at a CAGR of 3.3% during the forecast period. In the UK, Bio Pressure Transmitters sales witness an upswing due to the rising export of chemicals.
• The France Pressure Transmitters market is projected to witness growth at a CAGR of 1.7% during the forecast period, with a market size of USD 87.01 million in 2024.
• According to Cognitive Market Research, the German Pressure Transmitters market size was valued at USD 187.26 million in 2024 and is projected to grow at a CAGR of 2.7% during the forecast period. In Germany, Pressure Transmitters surged due to increasing demand for accurate pressure measurement in various industries such as oil and gas, chemical, and manufacturing.
• The Italy Pressure Transmitters market is projected to witness growth at a CAGR of 1.9% during the forecast period, with a market size of USD 81.34 million in 2024.
• The Russia Pressure Transmitters market is projected to witness growth at a CAGR of 1.5% during the forecast period, with a market size of USD 146.60 million in 2024.
• The Spain Pressure Transmitters market is projected to witness growth at a CAGR of 1.6% during the forecast period with a market size of USD 77.55 million in 2024
• The Luxembourg Pressure Transmitters market is projected to witness growth at a CAGR of 2.6% during the forecast period, with a market size of USD 29.32 million in 2024.
• The Portugal Pressure Transmitters market is projected to witness growth at a CAGR of 2.3% during the forecast period, with a market size of USD 19.86 million in 2024.
• The Greece Pressure Transmitters market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 11.35 million in 2024.
• The Rest of Europe's Bio Pressure Transmitters market is projected to witness growth at a CAGR of 1.2% during the forecast period, with a market size of USD 146.60 million in 2024.

Asia Pacific Pressure Transmitters Market

According to Cognitive Market Research, the global Pressure Transmitters market size was estimated at USD 3152.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 725.10 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Pressure Transmitters market size was valued at USD 326.29 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Pressure Transmitters surged in China due to demand for pressure transmitters in various industrial applications
• The Japan Pressure Transmitters market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 100.06 million in 2024.
• The India Pressure Transmitters market had a market share of USD 87.01 million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. India's vast oil & gas production industry.
• The South Korean Pressure Transmitters market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 72.51 million in 2024.
• The Australian Pressure Transmitters market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 37.71 million in 2024.
• The South East Asia Pressure Transmitters market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 50.03 million in 2024.
• The Rest of Asia Pacific Pressure Transmitters market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 51.48 million in 2024.

South America Pressure Transmitters Market

According to Cognitive Market Research, the global Pressure Transmitters market size was estimated at USD 3152.6 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 157.63 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Pressure Transmitters market size was valued at USD 67.47 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Pressure Transmitters flourished in Brazil due to the country's expanding oil & gas and food & beverage sector.
• Argentina's Pressure Transmitters market had a market share of USD 26.48 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. Argentina's increasing focus on automation.
• Colombia's Pressure Transmitters market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 14.03 million in 2024.
• Peru Pressure Transmitters market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 12.93 million in 2024.
• Chile's Pressure Transmitters market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 11.35 million in 2024.
• The Rest of Latin America's Bio Pressure Transmitters market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 25.38 million in 2024.

Middle East and Africa Pressure Transmitters Market

According to Cognitive Market Research, the global Pressure Transmitters market size was estimated at USD 3152.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 63.05 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031..

• The GCC Countries Pressure Transmitters market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 26.99 million in 2024. Pressure Transmitters sales flourish due to growing demand for precise pressure monitoring and control in various industries such as oil and gas, manufacturing, and healthcare.
• The Egypt Pressure Transmitters market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 6.62 million in 2024.
• The South Africa Pressure Transmitters market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 9.96 million in 2024. Pressure Transmitters sales flourished in South Africa due to increasing emphasis on automation, process optimization, and technological advancements, drives the need for advanced pressure transmitters.
• The Turkey Pressure Transmitters market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 5.42 million in 2024.
• The Nigeria Pressure Transmitters market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 6.62 million in 2024.
• The Rest of the MEA Pressure Transmitters market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 7.44 million in 2024.

Pressure Transmitters Market Analysis

Pressure Transmitters Market Type Segment Analysis

According to Cognitive Market Research, the differential-pressure transmitter category dominated the market in 2023, owing to its ability to properly monitor and transmit pressure differences between two sites. It is suitable for a variety of applications, including flow measurement, level measurement, and pressure measurement. They are also available in a variety of forms and combinations, both analog and digital, and can be tailored to specific needs. Furthermore, differential-pressure transmitters can endure vibrations and other mechanical loads, making them ideal for usage in industrial settings

The global demand for absolute transmitters is likely to increase during the forecast period, owing to the growing use of absolute transmitters to measure and communicate the absolute pressure of a fluid or gas, regardless of ambient pressure. They are widely utilized in many industries, including oil and gas, medicines, and food processing. The absolute transmitter is available in a variety of forms and configurations, including analog and digital, and can be tailored to the exact needs of the consumer.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Pressure Transmitters Industry. Request a Free Sample PDF!

Pressure Transmitters Market Sensing Technology Segment Analysis

According to Cognitive Market Research, the piezoresistive category dominated the market in 2023. Piezoresistive pressure transmitters are employed in a variety of industries, including oil and gas, automotive, aerospace, and healthcare. They are noted for their precision, dependability, and longevity and can be utilized in difficult settings where other forms of pressure transmitters may be ineffective. Piezoresistive pressure transmitters are vital for monitoring pressure in a range of industries, including oil and gas and the chemical industry, and their demand is likely to rise in the future years.

The Capacitive category is expected to have a moderate CAR throughout the projected period. Capacitive pressure transmitters provide accurate and reliable measurement and monitoring data, making them suitable for application in a variety of industries, including oil and gas, chemical, pharmaceuticals, and food and beverage.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Pressure Transmitters Fluid type Segment Analysis

Pressure Transmitters Market Fluid Type Segment Analysis

According to Cognitive Market Research, the dominating segment is Liquid. This is because of the broad category of industries requiring precise measurement and control of liquid pressure.

The fast-growing segment in this market is Gas, representing a surge in demand for monitoring and controlling gas pressure, which finds major applications in industrial processes and environmental monitoring, among others

• Liquid
• Gas
• Steam

Pressure Transmitters Application Segment Analysis

Pressure Transmitters Market Application Segment Analysis

According to Cognitive Market Research, the level application, which constituted the majority of the worldwide industry in 2023, will continue to dominate the industry in the coming years. Pressure transmitters are widely utilized as level monitoring devices in petrochemicals, diesel tanks, chemicals, and wastewater plants, which may help the segment grow over the forecast period.

In 2023, the flow category had the fastest-growing segment. In several areas, including the food and beverage industry, the outcome of an operation is wholly dependent on a variety of elements. Among these variables, the liquid, vapor, or gas flow rate is critical. Several tools are used to measure the fluid flow

• Level
• Pressure
• Flow

Pressure Transmitters Industry Segment Analysis

Pressure Transmitters Market IndustrySegment Analysis

According to Cognitive Market Research, in 2023, the oil and gas segment had the highest market revenue share. Pressure transmitters are commonly used in the oil and gas sector to monitor pressure levels in various processes and equipment. They play an important role in ensuring that oil and gas facilities operate safely and efficiently. Pressure transmitters are used to measure pressure in a variety of equipment and operations on offshore oil and gas fields.

The Water and Wastewater segment is expected to develop steadily. Pumping stations, chemical feeds, sewage systems, wet wells, filtration facilities, storage tanks, and mixing vessels are all applications for pressure transmitters in the global water and wastewater treatment business. It is also utilized in treatment facilities to monitor and manage fluid levels, flow rates, and pressures. Pressure transmitters are employed at many stages of the primary, secondary, tertiary, and biological wastewater treatment systems

• 0il & Gas
• Chemical
• Water & Wastewater Treatment
• Food & Beverage
• Power
• Pulp & Paper
• Metals & Mining
• Pharmaceutical
• Others

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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