Pressure Transmitter Market Size, Share & Trends Analysis Report By Type (Gauge Pressure Transmitter, Absolute Transmitter), By Sensing Technology, By End-use, By Fluid Type, By Application, By Region, And Segment Forecasts, 2024 - 2030

Pressure Transmitter Market Size & Trends

The global pressure transmitter market size was estimated at USD 2,401.6 million in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2030. The market is driven by increasing demand for accurate and reliable pressure measurement in various industrial applications. Pressure transmitters are widely used in industries such as oil and gas, chemical & petrochemical, and power generation industries.

The increasing demand for pressure transmitters in upstream, midstream, and downstream oil and gas applications, such as wellhead pressure monitoring, pipeline monitoring, and refinery processing, is expected to drive the market growth.

Moreover, the increasing adoption of Industry 4.0, the growing trend towards smart factories in the U.S., and the introduction of new products with enhanced features and functionalities, such as wireless communication and remote monitoring capabilities, are expected to drive the market growth of the U.S..

There is an increasing demand for precise and consistent pressure measurement devices in various chemical processing applications. According to the American Chemistry Council, the U.S. chemical industry had a total revenue of USD 639 billion in 2022. The U.S. chemical and petrochemical industry produces a wide range of chemicals and chemical products, including plastics, synthetic fibers, fertilizers, pharmaceuticals, and speciality chemicals. The industry is characterized by its high degree of innovation and technological advancement, with significant investments made in research and development to create new products and processes. These aforementioned factors are further expected to drive the demand for the market over the projected period.

Market Concentration & Characteristics

The market growth stage is medium, and the pace of the market growth is accelerating. The market is characterized by highly consolidated owing to the presence of several established players, which makes it difficult for small-scale manufacturers to compete with the presence of several established players, which makes it difficult for small-scale manufacturers to compete with global players.

The market is also characterized by a high degree of product innovation; for instance, many manufacturers are developing pressure transmitters that are equipped with wireless connectivity features such as Wi-Fi or Bluetooth, enabling remote monitoring and control of pressure levels. This feature is especially useful in offshore oil and gas facilities where the pressure transmitter may be located in a difficult-to-access area.

Pressure transmitter offers advanced diagnostic features, which includes real-time information, performance of the sensor and electronics systems for medical devices. This feature helps to reduce maintenance costs and downtime, as it can detect potential issues before they become critical. Which will further drive the demand for pressure transmitters over the forecast period.

End-user concentration is a significant factor in the market owing to a huge number of manufacturing and power generation industry facilities that require pressure transmitters.

Type Insights

Based on type, the differential-pressure transmitter segment led the market with a revenue share of 51.24% in 2023, due to its ability to accurately measure and transmit pressure differences between two points. It can be used for a wide range of applications, such as flow measurement, level measurement, and pressure measurement. They are also available in various types and configurations, including analog and digital, and can be customized to meet specific requirements.Further, it can withstand vibrations and other mechanical stresses, making differential-pressure transmitters ideal for use in industrial applications.

The demand for absolute transmitters is expected to surge worldwide during the forecast period, owing to the increasing use of absolute transmitters to measure and transmit the absolute pressure of a fluid or gas, regardless of the atmospheric pressure. They are commonly used in various industries, such as oil and gas, pharmaceuticals, and food processing. The absolute transmitter is available in various types and configurations, including analog and digital, and can be customized to meet specific requirements of the consumers.

Sensing Technology Insights

Based on sensing technology, the Piezoresistive segment led the market with the largest revenue share of 46.4% in 2023. Piezoresistive pressure transmitters are used in a wide range of industries, including oil and gas, automotive, aerospace, and medical. They are known for their accuracy, reliability, and durability and can be used in harsh environments where other types of pressure transmitters may not be suitable. The piezoresistive pressure transmitters play a critical role in measuring pressure in a variety of applications such as oil & gas and the chemical industry, and their demand is expected to continue growing in the coming years.

Capacitive pressure transmitters provide correct and consistent measurement and monitoring data, making them ideal for use in various industries such as oil and gas, chemical, pharmaceuticals, and food and beverage. They are preferred over traditional mechanical pressure measuring devices due to their higher accuracy, durability, and ability to perform in harsh environments. These transmitters can measure pressure within a range of 0.1% to 0.25% of the full-scale value and can withstand extreme temperatures, pressure, and vibrations.

End-use Insights

Based on end-use, the oil and gas segment held the market with the largest revenue share of 20.43% in 2023. Pressure transmitters are widely used in the oil and gas industry to measure pressure in various processes and equipment. They play a critical role in ensuring the safe and efficient operation of oil and gas facilities. Pressure transmitters are used to measure the pressure in various equipment and processes on offshore oil and gas platforms. Further, it is also used to monitor the pressure in oil and gas storage tanks to prevent overpressure or under-pressure conditions that may cause safety hazards. Increasing demand for accurate and reliable pressure measurement in various processes and equipment will drive the market.

Pressure transmitters are also widely used in the water and wastewater treatment market to monitor the pressure in water and wastewater pumping systems to ensure optimal performance. It is also used to measure the pressure in various filtration and disinfection processes, such as reverse osmosis, ultrafiltration, and chlorination, which helps to ensure a safe and optimal pressure range for smooth operations. Many water and wastewater treatment utilizes the pressure transmitters to optimize the flow rates and to detect leaks and other issues that may affect the facility facilities utilize pressure transmitters to optimize the flow rates and to detect leaks and other issues that may affect the facility's performance.

Fluid Type Insights

Based on fluid type, the liquid segment led the market with the largest revenue share of 70.71% in 2023. Pressure transmitters are widely used for measuring pressure in liquids in various industries such as oil and gas, chemicals, pharmaceuticals, food and beverage, and water and wastewater treatment. Pressure transmitters are used for measuring pressure in various liquids, including corrosive and abrasive media. They can also be used in both hazardous and non-hazardous environments.

Pressure transmitters are widely used in the food and beverage industry for measuring pressure in steam. They play a critical role in ensuring the safe and efficient operation of steam systems used in various food processing applications. Pressure transmitters for steam in food applications are designed to comply with food safety regulations such as U.S. Food and Drug Administration and Hazard Analysis Critical Control Point (HACCP).

Application Insights

In terms of application, the pressure segment led the market with the largest revenue share of 49.51% in 2023, because the transmitter is used in flow applications and is designed to be highly accurate, reliable, and responsive to changes in pressure. Pressure transmitters are typically equipped with advanced features such as digital communication protocols, temperature compensation, and self-diagnostics to ensure optimal performance.

A pressure transmitter is frequently used to measure the pressure of a fluid or gas in various industrial applications. For instance, pressure transmitters are used in tanks of the chemical industry, where it is used for monitoring the pressure of various chemicals inside storage tanks. This information can be used to prevent overpressure situations and ensure that the chemicals are stored safely. Further, pressure transmitter’s equipment is also used for maintaining continuous pressure inside equipment and for preventing overpressure situations.

Regional Insights

Thepressure transmitter market in North Americais driven by the Industry 4.0 revolution which is focusing on the increasing industrial automation in the region. This is because pressure transmitter is one of the key instruments used for measurement and analytics in the industrial automation suite.

U.S. Pressure Transmitter Market Trends

The pressure transmitter market in U.S. estimated to grow at a fastest CAGR of 2.6% from 2024 to 2030. The increasing demand for accurate and reliable pressure measurements in various applications such as oil & gas, chemical processing, and pharmaceuticals. Further, the oil and gas industry has a critical need for accurate pressure measurements in various applications such as upstream exploration and production, midstream transportation, and downstream refining and processing, which will positively impact the U.S pressure transmitter market.

The Canada pressure transmitter market is growing at a steady pace owing to rising demand for the Canadian oil and gas industry. According to a report by Statistics Canada, the total revenue for the oil and gas industry increased by 53% in 2022, reaching USD 200.55 billion. The industry is also witnessing the emergence of smaller players who are exploring unconventional sources of oil and gas, such as shale gas; above factors will positively impact the market growth of the market in Canada.

Europe Pressure Transmitter Market Trends

The pressure transmitter market in Europe is expanding at a substantial growth rate. The growth in the region is primarily driven by the rising export of chemicals, which is further fueling the demand for the treatment of wastewater in the region.

The Germany pressure transmitter market is expected to grow at a significant CAGR during the forecast period. The market is driven by the increasing demand for accurate pressure measurement in various industries such as oil and gas, chemical, and manufacturing. Germany is a major hub for industrial manufacturing and engineering, and this has led to a high demand for pressure transmitters in the country.

Asia Pacific Pressure Transmitter Market Trends

Asia Pacific dominated the market with the largest revenue share of 46.9% in 2023. The adoption of digitalization and the industrial Internet of Things (IIoT) is fueling the demand for pressure transmitters in the region. The IIoT is enabling the integration of different systems and devices, creating a need for advanced sensors and transmitters that can accurately measure and transmit data in real-time. Further, increased industrialization, rising demand for process automation, and growing investments in infrastructure development. The region is home to some of the world's largest manufacturing hubs, including China, Japan, and India, which are key contributors to the market growth.

The pressure transmitter market in China is directly linked to the country's manufacturing industry. With China being one of the largest manufacturing hubs in the world, there is a significant demand for pressure transmitters in various industrial applications. To cater to this demand, many pressure transmitter manufacturers have established production facilities in China, taking advantage of the country's large market and low labor costs.

Central & South America Pressure Transmitter Market Trends

The pressure transmitter market in Central & South America is driven by the vast oil & gas production industry in the region. Argentina and Brazil majorly contributes to the region’s oil & gas industry. Another factor in the market growth is the rising food & beverage demands in the region. Increased expenditure on food & beverage in the region is playing an important role in the market growth.

The Brazil pressure transmitter market has experienced significant growth, driven by the country's expanding oil & gas and food & beverage sector. The market in Brazil has experienced significant growth, driven by the country's expanding oil & gas and food & beverage sector. In recent years, the food industry in Brazil has experienced significant growth. This has led to an increase in demand for pressure transmitters as food processing companies seek to improve their efficiency and reduce costs. The use of advanced pressure transmitters has also helped companies comply with strict safety regulations and quality standards.

Middle East & Africa Pressure Transmitter Market Trends

The pressure transmitters market in the Middle East & Africa growth is attributed to increasing investments in infrastructure development, including the expansion of oil and gas pipelines, which is further driving the demand for pressure transmitters. Moreover, Qatar has witnessed large-scale projects in natural gas development and exports for downstream industries that utilize it as a feedstock. The presence of megaprojects ConocoPhillips is expected to drive the LNG sector in the region, including Total, Shell, ExxonMobil, and ConocoPhillips, is expected to drive the LNG sector in the region and will positively impact the market growth.

The Saudi Arabia pressure transmitter market is expected to grow at considerable CAGR during the forecast period, owing to the rise in oil and gas exploration activities, coupled with the increasing demand for energy. Further, the oil and gas industry is the largest consumer of pressure transmitters in Saudi Arabia due to the need for reliable and accurate sensing technology in various applications, including pipeline monitoring, wellhead monitoring, and process control.

Key Pressure Transmitter Company Insights

The global market is highly competitive on account of the presence of global and local manufacturers. Companies are engaged in expansion through mergers & acquisitions, and joint ventures. These companies offer a wide range of systems that are sold through multiple channels, including distributors, company-owned websites, retailers & their websites, and e-commerce websites. For instance, in November 2022, Emerson recently announced that they had launched a new line of Rosemount 3051 pressure transmitters that are designed to offer better reliability and accuracy in harsh environments. These transmitters feature advanced diagnostics and wireless capabilities, making them easier to install and maintain.

Recent Developments

• In November 2023, SOR Controls Group has launched three new model of 1800PR piezoresistive gauge pressure transmitter. The 1800PR features a stainless-steel housing and a range of pressure measurement options, making it suitable for a wide range of applications such as oil and gas, chemical processing, and HVAC systems

• In November 2023, Huba Control launched a new pressure transmitter, Type 560, for refrigerant applications. The all-new Type 560 will be compatible with a variety of communication protocols, including 4-20 mA, HART, and PROFIBUS. This makes it easy to integrate with existing control and monitoring systems

Pressure Transmitter Market Report Scope

Global Pressure Transmitter Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global pressure transmitter market report based on type, sensing technology, end-use, fluid type, application, and region.

• Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Gauge Pressure Transmitter

  • Absolute Transmitters

  • Differential-Pressure Transmitter

  • Multivariable Pressure Transmitters

• Sensing Technology Outlook (Revenue, USD Million, 2018 - 2030)

  • Capacitive

  • Piezoelectric

  • Piezoresistive

  • Others

• End-use Outlook (Revenue, USD Million, 2018 - 2030)

  • Oil & Gas

  • Chemical & Petrochemical

  • Water & Wastewater Treatment

  • Food & Beverage

  • Pulp & Paper

  • Pharmaceutical

  • Power generation

  • Others

• Fluid Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Liquid

  • Gas

  • Steam

• Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Pressure

  • Monitoring & display

  • Flow

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • Australia

    • Thailand

  • Central & South America

    • Brazil

    • Argentina

  • Middle East and Africa

    • Saudi Arabia

    • UAE

    • South Africa