Global Industrial Transmitters Market: Introduction
- Industrial transmitters are used for transformation of a physical stimulus into an electric signal.
- These transmitters work with the help of a device attached to a control board from where signals are sent.
- These transmitters are provided with receivers that can read data.
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Global Industrial Transmitters Market: Dynamics
- Demand for industrial wireless transmitters has been increasing over the last few years, due to their various advantages such as easy installation and no requirement for hard wiring
- Wireless transmitters help access real-time information. This assists in the improvement of efficiency in various end-use industries such as oil & gas, energy & power, and chemical & petrochemical. These beneficial features of wireless transmitters are projected to be a significant factor fueling the global industrial transmitters market in the next few years.
- In addition, decreasing costs of transmitters and sensors are expected to have a positive impact on the global industrial transmitters market in the near future
- Due to declining costs, several manufacturing industries are incorporating transmitters and sensors into their manufacturing processes
- Moreover, growing adoption of IoT (Internet of Things) to reduce operational expenses is expected to propel the adoption of transmitters and sensors in the global manufacturing sector in the next few years
- However, operational challenges associated with transmitters are expected to limit the global industrial wireless transmitters market in the next few years
- In addition, lack of post-sale technical services is one of the major factors expected to restrain the global market in the near future
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Global Industrial Transmitters Market: Segmentation
- Based on type, the global industrial transmitters market can be segmented into flow transmitters, general-purpose transmitters, pressure transmitters, level transmitters, and temperature transmitters
- The flow transmitters segment accounted for a leading share of the global industrial transmitters market in 2018. This segment is projected to gain a market share in the next few years. It is likely to maintain its leading position in the market throughout the forecast period.
- Based on end-user, the global industrial transmitters market can be categorized into oil & gas, energy & power, chemical & petrochemical, water & wastewater treatment, and others
- The energy & power segment is likely to dominate the global industrial transmitters market in the next few years. High deployment of transmitters led by easy installation is expected to drive the industrial transmitters market in the energy & power segment in the next few years.
North America to Lead Global Market for Industrial Transmitters
- In terms of region, the global industrial transmitters market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
- North America is likely to dominate the global market for industrial transmitters from 2019 to 2027, followed by EMEA (Europe, Middle East & Africa) and Asia Pacific
- North America offers immense growth opportunities to manufacturers of industrial transmitters
Key Manufacturers Operating in Market
The global industrial transmitters market was moderately fragmented in 2018. Key manufacturers operating in the global market are:
- AMETEK, Inc.
- Emerson Electric Co.
- Fuji Electric Co., Ltd.
- General Electric Company
Global Industrial Transmitters Market: Research Scope
Global Industrial Transmitters Market, by Type
- Flow Transmitters
- General-purpose Transmitters
- Pressure Transmitters
- Level Transmitters
- Temperature Transmitters
Global Industrial Transmitters Market, by End-user
- Oil & Gas
- Energy & Power
- Chemical & Petrochemical
- Water & Wastewater Treatment
Global Industrial Transmitters Market, by Region
- North America
- Rest of North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
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