Honeywell: Pressure Transmitter Market to Reach USD 3.84 Billion by 2030, Driven by Demand for Energy-Efficient Monitoring Solutions - Emerson Electric, Yokogawa Electric, Honeywell Int'l, and ABB Dominate

April 15, 2025 04:13 ET | Source: Research and Markets Research and Markets Dublin, April 15, 2025 (GLOBE NEWSWIRE) -- The "Pressure Transmitter Market by Technology, Type (Absolute, Gauge, Differential, Multivariable), Design & Functionality (Diaphragm, Hygienic, Wireless), Fluid Type (Liquid, Gas, Steam), Measurement Application, Industry - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering. According to the report, the global pressure transmitter market is projected to grow from USD 3.21 billion in 2025 to USD 3.84 billion by 2030, registering a CAGR of 3.7% during the forecast period. The rising adoption of energy-efficient systems and the integration of smart industrial automation technologies are driving market expansion. However, high operational and recurring costs continue to challenge widespread deployment, particularly in cost-sensitive industries. Liquid Fluid Type Segment to Register Highest CAGR Through 2030 The liquid fluid type segment is anticipated to exhibit the highest CAGR in the pressure transmitter market during the forecast period. Pressure transmitters play a critical role in measuring and monitoring pressure in liquid, gas, and steam applications across key sectors such as oil & gas, chemicals, power generation, and water treatment. Among these, liquid applications dominate due to their essential role in water management, fuel monitoring, and industrial processing. The demand for advanced pressure transmitter technologies - featuring real-time data accuracy, enhanced safety, and process optimization - is on the rise. Digital pressure transmitters integrated with IoT capabilities are enabling seamless data integration, remote monitoring, and predictive maintenance, making them indispensable in modern industrial environments. Level Measurement Applications to Hold Largest Market Share The level measurement application segment is expected to account for the largest market share throughout the forecast period. This growth is fueled by rising requirements for accurate and reliable level monitoring in industries such as oil & gas, chemicals, water & wastewater, and power generation. Pressure transmitters are vital for ensuring precise liquid level readings in storage tanks, processing vessels, and pipelines, enhancing operational safety and efficiency. The adoption of digitally enabled pressure transmitters is accelerating as companies seek to meet regulatory compliance, prevent leaks, and minimize equipment failures. In combination with the rapid growth of industrial automation, this trend is expected to continue driving demand in the level measurement segment. North America to Hold Second-Largest Share of Pressure Transmitter Market North America is projected to maintain the second-largest share in the global pressure transmitter market. The region benefits from a robust industrial base, including oil & gas, chemicals, food & beverages, and pharmaceuticals, all of which rely heavily on accurate pressure monitoring to ensure consistent product quality and safety. The presence of advanced infrastructure, combined with stringent environmental and safety regulations, is spurring the adoption of high-precision pressure transmitters across the region. Industries are increasingly leveraging these solutions to boost energy efficiency, reduce operational downtime, and meet sustainability goals. Research Coverage The report provides an in-depth analysis of the global pressure transmitter market segmented by: Type Fluid Type Measurement Application Industry It also offers a comprehensive overview of key market dynamics, including drivers, restraints, opportunities, and challenges. The report covers market insights across North America, Europe, Asia Pacific, and the Rest of the World (RoW), along with supply chain analysis and a detailed competitive landscape. Key Benefits of the Report: In-Depth Market Analysis: Evaluate the key drivers, challenges, and emerging opportunities in the pressure transmitter market. Product Innovation Insights: Explore developments in IoT-enabled transmitters, new sensor technologies, and advanced materials. Regional Growth Trends: Identify high-potential regions and sectors ripe for investment and expansion. Competitive Landscape: Analyze the strategies, product offerings, and market positioning of leading companies such as: Emerson Electric Co. (US) Yokogawa Electric Corporation (Japan) Honeywell International Inc. (US) ABB Ltd. (Switzerland) Schneider Electric (France) Endress+Hauser Group Services AG (Switzerland) Key Attributes Report Attribute Details No. of Pages 281 Forecast Period 2025-2030 Estimated Market Value (USD) in 2025 $3.21 Billion Forecasted Market Value (USD) by 2030 $3.84 Billion Compound Annual Growth Rate 3.7% Regions Covered Global Market Dynamics Drivers Rising Use of Automation by Industry Players to Optimize Resources and Boost Efficiency Increasing Implementation of IIoT and Industry 4.0 Technologies Growing Inclination of Manufacturing Firms Toward Real-Time Analytics and Predictive Maintenance Restraints Requirement for Significant Investment and Technical Expertise Need for Periodic Calibration of Pressure Transmitters to Ensure Precision Opportunities Development of Pressure Transmitters with Smart Calibration and Self-Diagnostics Features Challenges Balancing Efficiency, Compatibility, and Sustainability in Pressure Transmitters in Rapid Digital Transformation Providing Quick and Efficient Services or Easy Replacement Solutions to Clients Addressing Cybersecurity Risks Associated with IIoT Integration Value Chain Analysis Ecosystem Analysis Pricing Analysis Average Selling Price of Pressure Transmitters Offered by Key Players, by Type, 2024 Average Selling Price Trend of Pressure Transmitters, by Type, 2021-2024 Average Selling Price Trend of Differential Pressure Transmitters, by Region, 2021-2024 Trends/Disruptions Impacting Customer Business Investment and Funding Scenario, 2019-2024 Technology Analysis Key Technologies Pressure Sensing Elements Smart Calibration Real-Time Diagnostics Adjacent Technologies Industrial Internet of Things (IIoT) AI-Powered Analytics Wireless Communication Protocols Complementary Technologies Cloud Computing Cybersecurity Solutions Key Stakeholders and Buying Criteria Key Stakeholders in Buying Process Buying Criteria Case Studies Sor Provides 805Pt Pressure Transmitter to Midwest Public Gas Utility to Help Comply with Regulatory Requirements Emerson Offers Rosemount 4600 Oil & Gas Panel Transmitter to Canadian Oil Company to Ensure Reliable Pressure Control Trade Analysis Import Scenario (HS Code 902620) Export Scenario (HS Code 902620) Patents Analysis Key Conferences and Events, 2025-2026 Regulatory Landscape Regulatory Bodies, Government Agencies, and Other Organizations Related to Pressure Transmitter Market Standards and Directives Impact of AI/Gen AI Impact of AI on Pressure Transmitter Market Top Use Cases and Market Potential Companies Profiled Emerson Electric Co. ABB Schneider Electric Yokogawa Electric Corporation Endress+Hauser Group Services AG Siemens Honeywell International Inc. Fuji Electric Co. Ltd. Danfoss Azbil Corporation Krohne Group Ashcroft, Inc. Huba Control Wika Alexander Wiegand SE & Co. KG Dwyer Instruments, LLC Vega Keller Druckmesstechnik AG Hydac International GmbH Klay Instruments Jumo GmbH & Co. KG Brooks Instrument BD|Sensors GmbH Georgin Trafag Aplisens SA For more information about this report visit https://www.researchandmarkets.com/r/5xntrf About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Dublin, April 15, 2025 (GLOBE NEWSWIRE) -- The "Pressure Transmitter Market by Technology, Type (Absolute, Gauge, Differential, Multivariable), Design & Functionality (Diaphragm, Hygienic, Wireless), Fluid Type (Liquid, Gas, Steam), Measurement Application, Industry - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering. According to the report, the global pressure transmitter market is projected to grow from USD 3.21 billion in 2025 to USD 3.84 billion by 2030, registering a CAGR of 3.7% during the forecast period. The rising adoption of energy-efficient systems and the integration of smart industrial automation technologies are driving market expansion. However, high operational and recurring costs continue to challenge widespread deployment, particularly in cost-sensitive industries. Liquid Fluid Type Segment to Register Highest CAGR Through 2030 The liquid fluid type segment is anticipated to exhibit the highest CAGR in the pressure transmitter market during the forecast period. Pressure transmitters play a critical role in measuring and monitoring pressure in liquid, gas, and steam applications across key sectors such as oil & gas, chemicals, power generation, and water treatment. Among these, liquid applications dominate due to their essential role in water management, fuel monitoring, and industrial processing. The demand for advanced pressure transmitter technologies - featuring real-time data accuracy, enhanced safety, and process optimization - is on the rise. Digital pressure transmitters integrated with IoT capabilities are enabling seamless data integration, remote monitoring, and predictive maintenance, making them indispensable in modern industrial environments. Level Measurement Applications to Hold Largest Market Share The level measurement application segment is expected to account for the largest market share throughout the forecast period. This growth is fueled by rising requirements for accurate and reliable level monitoring in industries such as oil & gas, chemicals, water & wastewater, and power generation. Pressure transmitters are vital for ensuring precise liqui