The Global Differential Pressure Transducer Market size is predicted to expand at a CAGR of 5.2%, and reach US$ 1.1 billion by 2028. The increasing demand for industrial automation is one of the major factors driving this growing trend. From 2021-2028, some industries such as the oil & gas industry, chemical industry, and metal & mining industry are expected to witness significant growth due to the rising need for automation solutions across these sectors globally.
Differential pressure transducers are a type of sensor that measures and reports the difference in air or gas pressure between two points. Differential pressure is the difference in the absolute pressures on either side of a flow line, pipe, or valve. The differential pressure transducer market is expected to witness strong growth over the forecast period owing to their increasing adoption by oil and gas industry players for measuring differential pressures across pipelines and process equipment. They are also used extensively in water treatment plants and wastewater management systems owing to their ability to measure a wide range of pressures with high accuracy. Furthermore, they have been gaining traction at a large scale due to their low maintenance cost coupled with long functional life span.
On the basis of Type, the market is segmented into Pneumatic Differential Pressure Transducer and Electronics Differential Pressure Transducers.
Pneumatic differential pressure transducers work by converting the pressure difference between two points into a displacement of mercury or oil. They work by measuring the difference in airflow across an orifice and then converting this into an electric signal for transmission to a digital display device. This helps them offer high accuracy while also being highly reliable owing to their rugged design.
Electronics differential pressure transducers are widely used to measure the difference in pressures between two points. They are based on electricity and use an orifice to measure changes in atmospheric conditions before sending this information to a digital display device. The main advantage that these devices have is their high accuracy level because they can be set with great precision levels while also being highly reliable owing to their rugged design. Unlike most other types of sensors used for measuring pressures, electronics differential pressure transducer do not rely heavily on any external factors such as humidity which makes them more accurate even when compared to pneumatic differential pressure transducers.
On the basis of Application, the market is segmented into Oil And Gas Industry, Chemical Industry, Metal And Mining Industry, and Automobile Industry. The market for different pressure transducers in the oil and gas industry is growing at a significant pace due to the increasing number of offshore drilling activities which require high levels of accuracy.
The market for differential pressure transducers in the chemical industry is increasing due to the growing demand for semiconductors and electronics which have high power density. It has increased significantly over time as they are more accurate than pneumatic differential pressure transducers. This trend will continue with a rise in the adoption of advanced technologies such as IoT (Internet Of Things) and automation by companies worldwide.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market in the region of Latin America is expected to grow at a fast pace from 2021-2028 mainly due to the recent developments witnessed by some key players like Emerson Electric Co., InvenSense Inc., Honeywell International Inc.
North American market is expected to grow significantly in the coming years and the growth is mainly attributed to rising demand for pressure sensors in various sectors such as oil & gas, chemical, metal & mining industries. The other major factor driving this market globally is increasing investments by companies in research and development activities which are being aimed towards improving their product portfolio with cutting-edge technologies. This has led to increased adoption rates of new products across different segments and regions during recent years.
Up Market Research published a new report titled “Differential Pressure Transducer Market research report which is segmented by Types (Pneumatic Differential Pressure Transducer, Electronics Different Pressure Transducer), By Applications (Oil And Gas Industry, Chemical Industry, Metal And Mining Industry, Automobile Industry, Food & Beverage Industries, Water And Wastewater Treatment), By Players/Companies Johnson Controls, HDI Electronics, Kavlico, Siemens, Altheris Sensors & Controls, NXP Semiconductors, Honeywell International, Mamac System, Rixen Messtechnik, Ashcroft, Omega Engineering, RDP Electronics, Emerson Electric, TROX, ABB, Dwyer Instruments”.
|Report Attributes||Report Details|
|Report Title||Differential Pressure Transducer Market Research Report|
|By Type||Pneumatic Differential Pressure Transducer, Electronics Different Pressure Transducer|
|By Application||Oil And Gas Industry, Chemical Industry, Metal And Mining Industry, Automobile Industry, Food & Beverage Industries, Water And Wastewater Treatment|
|By Companies||Johnson Controls, HDI Electronics, Kavlico, Siemens, Altheris Sensors & Controls, NXP Semiconductors, Honeywell International, Mamac System, Rixen Messtechnik, Ashcroft, Omega Engineering, RDP Electronics, Emerson Electric, TROX, ABB, Dwyer Instruments|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||221|
|Number of Tables & Figures||155|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Pneumatic Differential Pressure Transducer, Electronics Different Pressure Transducer and By Application Oil And Gas Industry, Chemical Industry, Metal And Mining Industry, Automobile Industry, Food & Beverage Industries, Water And Wastewater Treatment.
Some of the companies that are profiled in this report are:
Differential Pressure Transducer Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Differential Pressure Transducer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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