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For immediate release
New Flow Research Study
Finds Stable but Changing Pressure Transmitter Market
Massachusetts; February 2, 2004 — While overall market size is not
changing dramatically, important changes are occurring in the worldwide
pressure transmitter market. This is one finding in a new market study
from Flow Research called The World Market for Pressure Transmitters.
Worldwide sales of pressure transmitters totaled $1160 million in
2002. Revenues are projected
to grow at a CAGR (compound annual growth rate) of 0.8 percent through
2007, when they are expected to reach $1204.3 million.
market size remains relatively stable, important changes are occurring
within the market. More suppliers are offering high-tier products, as
end-users respond to the promise of greater reliability. High-tier
pressure transmitters offer high accuracy and greater stability than their
medium-tier and low-tier counterparts.
Multivariable pressure transmitters are having a significant impact
on the market, and several new suppliers have recently entered this
transmitters measure more than one process variable, usually pressure and
multivariable transmitters are also integrated with primary elements to
form multivariable flowmeters.
consolidation among suppliers has continued within the pressure
transmitter market, and has resulted in fewer total suppliers. This has
led some suppliers to consolidate their product lines, in order to gain
manufacturing efficiencies. At
the same time, suppliers continue to bring out innovative products that
break through existing performance barriers.
Besides higher accuracy and stability, other advanced features
include enhanced diagnostics and a wider choice of communication
While differential pressure transmitters remain under pressure from other flow technologies, growth is expected in gage and absolute transmitters, as end-users upgrade from pressure switches, gages, and transducers. Growth is also expected in level transmitters. The most rapid market growth is occurring in China, and in developing countries where more process plants are being built. These countries are investing in chemical, power, and water treatment plants to meet the demands of a growing population that also wants an improved standard of living.
Research is a market research company that specializes in providing market
data and strategies on flow, pressure, and temperature.
Dr. Jesse Yoder, who has 17 years’ experience as a writer and
analyst in process control, founded Flow Research in 1998.
The company recently completed a series of ten market studies on
the worldwide flowmeter market. More
information is available at www.flowresearch.com.
service provided by Flow Research is the Worldflow Monitoring Service. This Worldflow service includes monthly reports on the flow
and process industries. These
reports include the Worldflow Barometer, Worldflow Monitor, and Worldflow
Perspective. The service is
designed to provide up-to-date information between market studies.
Flow Research can provide charts and graphics from The World Market
for Pressure Transmitters upon request.