Thursday 26 March 2020

Global Industrial Transmitters Market: Dynamics and Future Trends

  • 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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  • 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
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.

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