Industrial Transmitter Market

Industrial Transmitter Market Overview for 2024 to 2034

The industrial transmitter market is anticipated to be worth USD 16.6 billion in 2024. The market is expected to grow at a moderate 5.5% CAGR from 2024 to 2034. By the end of the forecast period, the market value is predicted to reach USD 28.5 billion.

Attributes	Details
Estimated Industrial Transmitter Market Value for 2024	USD 16.6 billion
Projected Market Value for 2034	USD 28.5 billion
Forecasted Value-based CAGR of the Market from 2024 to 2034	5.5%

Industrial Transmitter Market Analysis

• Factories are adopting preventive measures, recognizing the disastrous impact of leaks, explosions, and other hazards associated with factory equipment. Thus, industrial transmitters are becoming a necessary component of factory operations.
• Industrial transmitters used for measuring and regulating pressure are gaining popularity. For example, in food manufacturing, maintaining optimal pressure is crucial for ensuring the quality of the product.
• Regulatory measures have been enacted to prevent material wastage and disasters, thereby promoting the use of industrial transmitters. This is another positive factor contributing to the adoption of the product in the industrial sector.
• Electronic industrial transmitters are gaining favor among end users due to their ease of use and reliability.
• Industrial transmitters find application in various industries such as oil & gas, automobile, and petrochemicals, indicating a wide scope for the product.
• While industrial transmitters historically regulated pressure, they are now finding expanded utility in modern industries. They are increasingly used for regulating temperature, flow rates, and other functions in factories.

Industrial Transmitter Market Trends

• Wireless transmitters are experiencing increasing adoption across industries as industrial units modernize and rely less on outdated equipment.
• Industrialists are shifting away from analog transmitters and embracing the digital wave. Consequently, digital transmitters are entering factories at an accelerating pace.
• Industrial automation aims to optimize the operation of industrial equipment and machines. Since industrial transmitters contribute to this goal, trends in industrial automation are fostering market growth.
• Industrial transmitters aid factories in reducing energy consumption, thereby enhancing efficiency and cutting costs.
• The industrial boom in the Asia Pacific is fostering prosperity in end-user industries of transmitters, consequently benefiting the market.
• Technological advancements in transmitters, such as multivariable pressure transmitters and integrated pressure transmitters, are facilitating the market's growth.

Industrial Transmitter Market Restraints

• Industrial transmitters are seen as pricey equipment by small industrialists, placing a limit on their adoption in industrial settings.
• Industrial transmitters are frequently subject to fluctuations in raw material prices. Consequently, the volatility of raw material prices is adversely affecting the market.

Category-wise Outlook

Industrial transmitters are predominantly used for measuring pressure in industrial units, with the chemical and petrochemical industries being typical users of these devices.

Food Industry Demand Boosts Progression of Industrial Pressure Transmitter Market

For the period from 2024 to 2034, the industrial pressure transmitter market is expected to progress at a CAGR of 5.3%. Some key drivers for the increasing use of industrial pressure transmitters are:

• Several industries utilize pressure transmitters, including oil and gas, metal, and nuclear power. Thus, the product's usage is multifaceted, and its adoption is increasing steadily.
• The food industry requires pressure transmitters to ensure the optimal quality of food products. Consequently, demand from the food industry is contributing to the progression of the pressure transmitter market.

Attributes	Details
Top Type	Pressure
Forecasted CAGR (2024 to 2034)	5.3%

Chemical & Petrochemical is the Top Industry Vertical in the Market

Chemical & petrochemical applications are predicted to progress at a CAGR of 5.0% over the forecast period. Some of the key drivers for the progression of industrial transmitters in the chemical and petrochemical sector include:

• Materials in the chemical and petrochemical industry are particularly susceptible to risking public health. Thus, as a means of preventing disasters, the use of industrial transmitters in these industry verticals is increasing.
• Government standards have made it imperative for factories in the chemical & petrochemical industry vertical to adopt industrial transmitters, ensuring the product's utilization in the sector.

Attributes	Details
Top Industry Vertical	Chemical & Petrochemical
Forecasted CAGR (2024 to 2034)	5.0%

Country-wise Analysis

The Asia Pacific's industrial boom significantly contributes to the propulsion of the industrial transmitter market in the region. Technological advancements in countries like Japan and South Korea also play a role in the market's increasing footprint in the region.

Demand for factory automation is facilitating the smooth adoption of industrial transmitters in Europe. North America's significant oil & gas production industry is bolstering the market outlook in the region.

Countries	Forecasted CAGR (2024 to 2034)
South Korea	7.0%
Japan	6.4%
China	6.0%
United Kingdom	6.7%
United States	5.8%

Increasing Digitization of Industrial Units in South Korea Spell out Positivity for the Market in South Korea

The market is poised to register a CAGR of 7.0% in South Korea during the forecast period. The key drivers for growth are:

• South Korea’s factories are modernizing at a rapid rate. Consequently, digital industrial transmitters have a clear pathway, leading to a multiplication in demand for the product.
• Factory automation is a significant concern for factory owners in South Korea. As part of factory automation, industrial transmitters are making waves in the country.

China’s Burgeoning Chemical Industry is Helping out the Market’s Cause in the Country

The CAGR for the industrial transmitter market in China is projected to be 6.0% during the forecast period. Some of the key factors driving the growth are:

• China's chemical and petrochemical industries are on an upward trajectory, supported by state-backed research and private investment. Consequently, the demand for industrial transmitters in these sectors is increasing.
• China's extensive food & beverage industry is increasingly utilizing industrial transmitters. With the food & beverage industry experiencing unabated demand in the country due to the substantial population, the need for industrial transmitters is rising.

Japan’s Automobile Industry Driving the Market Growth in the Country

The market is expected to register a CAGR of 6.4% in Japan through 2034. Some of the key trends include:

• The technologically advanced automobile industry in Japan is rapidly adopting industrial transmitters. With Japanese factories often leading in the adoption of the latest technology, there is a growing need for advanced industrial equipment like industrial transmitters.
• Innovations in industrial transmitters, such as digital, wireless, and multivariable pressure transmitters, are being embraced in Japan. Consequently, the country is becoming a fertile ground for innovative suppliers in the market.

Industrial Transmitters Being Used to Regulate Sensitive Nuclear Power Factories in the United Kingdom

The industrial transmitter market is expected to progress at a CAGR of 6.7% in the United Kingdom between 2024 and 2034. Key factors driving the growth are:

• The United Kingdom's nuclear power factories are becoming common hunting grounds for industrial transmitters. Factories utilizing nuclear energy have special requirements for transmitters due to the heightened risks associated with it, and industrial transmitters are being utilized to monitor these risks.
• With mining progressing at a steady rate in the United Kingdom, the utilization of industrial transmitters in mining is increasing in the country.

Power Industry Utilizing Industrial Transmitters Powering the Market in the United States

The market is anticipated to register a CAGR of 5.8% in the United States during the forecast period. Some prominent factors driving growth are:

• Industrial transmitters have established a strong foothold in the United States through the power generation and distribution industry. Consequently, electrical industrial transmitters have also found their way into factories to an increasing extent in the country.
• The notable oil & gas industry in the United States is also facilitating the large-scale adoption of industrial transmitters in the country.

Competitive Landscape in the Industrial Transmitter Market

The industrial transmitter market is heavily fragmented. The number of players in the market is substantial, and startup culture is also apparent in the market. Market players prioritize the development of new products with cutting-edge technology. Additionally, they are working towards collaborative strategies, with acquisitions also common in the market.

Recent Developments in the Industrial Transmitter Market

• In May 2023, Vaisala launched the Indigo300 transmitter. It is designed for ease of use in industrial applications and to increase reliability in transmitters.
• In May 2023, Dwyer Instruments launched the Series IDPT industrial differential pressure transmitter. It features water-resistant housing and offers high accuracy over a period of time.
• In March 2023, Honeywell International launched the Versatilis Transmitters. These transmitters are aimed at regulating equipment such as pumps, fans, and motors.
• In May 2022, Monnit launched the ALTA-ISX Long-Range Wireless transmitters. These transmitters are aimed at worker safety for factories containing explosive material.

Key Companies in the Industrial Transmitter Market

• Dwyer Instruments Inc.
• AMETEK, Inc.
• Honeywell International Inc.
• Emerson Electric Co.
• Schneider Electric

Key Coverage in the Industrial Transmitter Industry Report

• Industrial Wireless Transmitter Market Analysis
• Pressure Transmitter Market Coverage
• Industrial Transmitter Market Analysis By Type
• Industrial Transmitter & Sensors Coverage in India
• Level Industrial Transmitter Market Trends
• Pressure Transmitter Market Trends and Analysis

Key Segments

By Type:

• Pressure
• Temperature
• Level
• Capacitance
• Radar
• Others

By Industry Vertical:

• Chemical & Petrochemical
• Oil & Gas
• Automotive
• Food & Beverages
• Healthcare
• Others

By Application:

• Water treatment plant
• Oil & gas
• Heating system
• Others

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa (MEA)

Frequently Asked Questions

How Big is the Industrial Transmitter Market?

The industrial transmitter market size is expected to be worth USD 16.6 billion in 2024.

How Big Will the Industrial Transmitter Market Be in 2034?

The market is estimated to get as big as USD 28.5 billion in 2034.

How will the Industrial Transmitter Market Progress in the United States?

The projected CAGR for the market in the United States from 2024 to 2034 is 5.8%.

What are the Segments of the Industrial Transmitter Market?

The market can be divided into the following segments: type, industry vertical, application, and region.

What is the Scope of the Industrial Transmitter Market?

The market is expected to develop at a CAGR of 5.5% from 2024 to 2034.

What are the Trends in the Industrial Transmitter Industry?

Digital industrial transmitters and industry automation benefitting the product are two of the trends in the industrial transmitter industry.