Absolute Pressure Transmitters Market
Absolute Pressure Transmitters Market Global Industry Assessment & Forecast
#
Pages:
175
2021
Nov - 2021
VMR-2021-0318
Segments Covered
By
Type Steam, Liquid, Gas
-
By
Application Oil and Gas, Food and Beverages, Logistics and Transportation, Pharmaceutical, Others
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
2145.6 Million |
 Revenue 2028:
|
2959.4 Million |
 Revenue CAGR
(2021 - 2028): |
4.1 |
Fastest Growing Region (2022 -
2028)
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Type Analysis: Preview On the basis of Type,
the market is segmented into Steam, Liquid, Gas. Steam held the
highest share in 2020 and is expected to grow at a significant rate over the
forecast period. This is attributed to the rising demand for the Steam
in developing countries such as China and India. Digitalization in Asia Pacific
region has led to a surge in the usage of technology in various business
processes over the past few years. Rising adoption of online platforms across
various sectors along with analytical solutions, IoT, AI, and Blockchain
technology to gain a competitive advantage is also paving the way for the Absolute Pressure Transmitters
market growth. Application
Analysis: Preview
Based on Application,
the market is segmented into Oil and Gas, Food and Beverages, Logistics and Transportation, Pharmaceutical, Others. Food & Beverages held the
largest share and is projected to grow at a notable CAGR over the coming years.
Rising demand for Absolute Pressure Transmitters in various countries
such as the U.S., Germany, China, India, and Japan, among others is likely to
support the growth of the market. Numerous companies are focusing on investing
heavily in this application to cater the end user requirements effectively.
Global Absolute Pressure Transmitters Market: Type Segment Analysis
-
- Steam
- Liquid
- Gas
Global Absolute Pressure Transmitters Market: Application Segment Analysis
-
- Oil and Gas
- Food and Beverages
- Logistics and Transportation
- Pharmaceutical
- Others
FAQ
Frequently Asked Question
What is the global demand for Absolute Pressure Transmitters in terms of revenue?
-
The global Absolute Pressure Transmitters valued at 2145.6 Million in 2020 and is expected to reach 2959.4 Million in 2028 growing at a CAGR of 4.1%.
Which are the prominent players in the market?
-
The prominent players in the market are ALIA, Tecsis, STS Sensor Technik Sirnach, Endress Hauser, Rosemount, Tel-Tru Manufacturing, MeasureX Pty, GEORGIN, Riels Instruments, Danfoss Industrial Automation Roxspur Measurement & Control, Comeco Control & Measurement, RDP Electronics, Siemens Process, Instrumentation, Huba Control..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 4.1% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Absolute Pressure Transmitters include
- Extensively utilized in the automotive and industrial purposes is driving factor for Absolute Pressure Transmitters Market.
- User-friendly interface and indoor navigation and are also found in the healthcare sector as it transmit blood pressure information.This another factor for Absolute Pressure Transmitters Market.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Absolute Pressure Transmitters in 2020.
