Electronic pressure transmitters on the rise
11 Feb 2009
London - Global shipments of electronic pressure transmitters and transducers will increase from $5.6bn in 2008 to $7.1bn in 2013, according to research by VDC Research Group, covering process pressure transmitters and non-process pressure transducers and transmitters.
Of the two markets VDC researched, non-process pressure transducers and transmitters will experience the fastest growth over the next five years, with a compound annual growth rate (CAGR) of 6.3%. The study found that the market for process pressure transmitters will grow through 2013 at a CAGR of 2.5%.
According to Jim Taylor, a director at VDC Research: "The market for multivariable-type electronic pressure sensors is expected to grow due to the advantages that are offered in terms of size reduction, space saving and less weight.
‘Choosing a multivariable type sensor is likely to be most beneficial where there are several sensors at the same location that can be replaced with multi-variable units."
Chaitanya Ravula, lead analyst on the VDC’s study, added: "There is an increasing trend toward smart electronic pressure transmitters due to the high demand for digital networking.
"Customers are increasingly switching to digital measuring devices from analogue devices as they offer remote diagnostic capabilities, self-calibration, and lower costs for wiring, operation and maintenance."