Absolute Pressure Transmitter Market Size to Grow At 4% CAGR From 2024 to 2030

Absolute Pressure Transmitter Market Size (2024 - 2030)

As per our research Report, the Absolute Pressure Transmitter Market is forecasted to be growing at CAGR of 4% from 2024 to 2030.

An absolute pressure transmitter serves as an equipment designed for measuring pressure within a vacuum devoid of any internal content. This type of measuring instrument employs absolute zero as its reference point, representing a lack of comparison concerning pressure changes or relativity. Absolute pressure transmitters gauge pressure in association to a perfect vacuum, rendering them impervious to external atmospheric changes, such as instability in altitude or air pressure. Due to their detachment from external systems, these transmitters miss a release node within the system. The transformation of mechanical energy or pressure gives rise to electrical signals in absolute pressure transmitters. Those featuring absolute zero pressure observe frequent application in elevation or barometric-related pressure assessments.

Industries across diverse sectors invest in absolute pressure transmitters to measure parameters like temperature, pressure, gases, and flow rate within deployed systems. Navigation systems often employ these transmitters, especially in scenarios where elevation above altimeter measurement becomes imperative. The domain of weather forecasting now combines absolute pressure transmitters for barometric measurements, ensuring the development of compact weather stations compatible with smartphones or tablets. Subsequently, weather predictions have become more accessible to the general public. In areas such as food packaging, these sensors play a significant role in maintaining consistent pressure within each package to uphold product quality. The automotive industry also depends on absolute pressure transmitters to measure pressure within the engine manifold. Manifold absolute pressure (MAP) sensors gather data utilized by the engine's electronic control unit (ECU) to optimize combustion and air-fuel mixture for enhanced performance. Absolute pressure transmitters are influential in industries encompassing pharmaceuticals, chemicals, and scientific research.

Industrial automation systems seek to cut down costs and minimise errors by substituting human intervention with technology. Within this technological set up, the absolute pressure transmitter, belonging to the measurement and analytics division, arrives as a crucial tool. These transmitters ensure precise process measurements, increasing safety and productivity. By monitoring and recording information, absolute pressure transmitters can figure out patterns and recommend alterations to avert future issues, finally enhancing manufacturing process efficiency, reducing maintenance requirements, and bolstering overall productivity. Consequently, there is a growth demand for absolute pressure transmitters. Innovative uses of absolute pressure transmitters are obvious in the manufacturing of thin-film structures for electronic purposes, such as digital displays and organic photovoltaics (OPVs). In processes like chemical vapor deposition (CVD) and other gas phase modernisations, where vacuum conditions must be kept during the deposition of gaseous precursors onto catalytic substrates, absolute pressure transmitters play a crucial role. This multifaceted usage further propels the demand for absolute pressure transmitters.

The global absolute pressure transmitter market is currently facing hurdles, primarily associated with the need for regular maintenance and software updates. Ongoing updates and servicing of industrial systems are imperative to go hand in hand with evolving business requirements. With the growing prominence of IIoT and Industry 4.0 technologies, important transformations have occurred in the software platforms governing field instruments like pressure transmitters and flowmeters. While the combination of industrial automation has ushered in digital transformation, it has also initiated heightened complexities in measuring and analysing various parameters. Despite the boost in productivity, staying abreast of continuous upgrades is important to prevent unforeseen downtimes and equipment breakdowns. Consequently, these challenges act as detrimental to the expansion of the global absolute pressure transmitter market.

The outbreak of the COVID-19 pandemic had a substantial effect on the global absolute pressure transmitter market. Strict lockdowns, travel limitations, and social distancing measures implemented across numerous countries hindered manufacturing capacities and resulted in a shortage of skilled personnel for many companies. Disruptions in supply chains and the distribution of goods and services crucially affected the production and distribution of absolute pressure transmitters. Moreover, several manufacturers of absolute pressure transmitters were compelled to either close or scale back operations due to the global lockdown, exacerbating the demand downturn for these transmitters. Despite these negative circumstances, the global absolute pressure transmitter market is expected to recover and experience growth in the upcoming years.

Key Market Insights: 

  • As of 2023, the piezoresistive segment dominated the market in terms of share. This growth is dedicated to the advantages inherent in piezoresistive sensing technology when compared to conventional choices. The technology provides high-resolution measurements, robust resistance to vibration, shock, and dynamic pressure alterations, notable electrical and mechanical stability, applicability in both low and high-pressure environments, and cost-effectiveness associated to capacitive sensing technology. These attributes position it as a compelling option across various industries.

  • In 2023, the liquid segment claimed the biggest market share. This rise is connected to the widespread use of liquid-type transmitters in water and wastewater applications, establishing them as a suitable option across diverse segments.

  • The pressure measurement segment led the market share in 2023. This growth is pushed by the growing adoption of absolute pressure transmitters as pressure-measuring instruments in unique industrial applications such as oil and gas, chemicals, and pharmaceuticals. The preference is directed by their attributes of high accuracy, reliability, long-term stability, resistance to temperature changes and vibrations, low installation and maintenance costs, and a compact design.

  • In 2023, the oil and gas segment captured the biggest market share. This is credited to the rising adoption of absolute pressure transmitters, providing attributes like high accuracy, reliability, resistance to overpressure and pressure transients, corrosion resistance, and suitability with hazardous areas. Their application spans several functions, consisting monitoring wellheads, hydraulic fracturing, service trucks, drilling tools, mud systems, intelligent pigs, core analysis, compression systems, and vapor recovery units.

  • As of 2023, North America secured the biggest share in the global absolute pressure transmitter market. This growth is connected to the increased use of absolute pressure transmitters across diverse industries, involving chemicals, food and beverages, oil and gas, processing, laboratory research, and pharmaceuticals. The focus on industrial automation for resource optimization and a heightened emphasis on safety and regulatory compliance contribute to this growth. In addition, the region hosts key market players such as Honeywell International Inc., General Electric Company, Emerson Electric Company, Omega Engineering Inc., and Ashcroft Inc.

Absolute Pressure Transmitter Market Segmentation:

By Sensing Technology

  • Capacitive

  • Piezoelectric

  • Piezoresistive

  • Strain Gauge

  • Others

By Fluid Type

  • Liquid

  • Gas

  • Steam

By Application

  • Flow Measurement

  • Level Measurement

  • Pressure Measurement

By End-Use Industry

  • Oil & Gas

  • Power Generation

  • Chemicals

  • Pharmaceuticals

  • Food & Beverages

  • Others

By Region

  • North America

  • Europe

  • Asia-Pacific

  • South America

  • Middle East & Africa

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