Product category:
Temperature measurement: Conventional
News Release from: ARC Advisory Group | Subject: Temp transmitter market
Edited by the Processingtalk Editorial
Team on 23 January 2008
2012 temperature transmitter market to
be USD386M
Driven by a stronger emphasis on plant asset management and safety applications, the world market for temperature transmitters is expected to grow at 6.5%pa over the next five years
The market was USD281 million in 2007 and is forecasted to be over USD386 million in 2012, according to a new ARC Advisory Group study Propelled by a booming automation market and robust capital expenditures, the temperature transmitter market has seen strong growth in recent years
This article was originally published on Processingtalk on 21 Nov 2003 at 8.00am (UK)
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Going forward, the market will continue to grow at higher than average rates, thanks to the continued emphasis on PAM and smart instrumentation, and an expected upswing in the adoption of wireless transmitters.
"Sales of smart temperature transmitters will outpace those of conventional and low cost devices, as users seek to improve their visibility into plant operations to maximise productivity and the availability of production resources," according to Analyst Allen Avery, the principal author of the ARC "Temperature Transmitter Worldwide Outlook".
With a variety of suppliers from which to choose and advanced features such as PAM that give manufacturers a window into the health of their equipment and processes, users are applying smart temperature transmitters more extensively in their plants.
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This is driving the increasing adoption of reliable SIL-rated transmitters for Safety Instrumented Systems.
While still in its early stages, the adoption of wireless field devices will dramatically affect the dynamics of the market for temperature transmitters and other field devices.
Wireless technology will allow users to economically connect field devices to take process measurements that would not have been feasible before, due to the cost of wiring.
The recent release of the WirelessHART standard is a watershed moment for the adoption of wireless field devices and will have a significant impact on the temperature transmitter market in the years to come.
Regionally, suppliers can expect to see the largest growth in the Middle East, due to its high concentration of oil and gas activities and in Asia, where heavy investment in new plant construction continues in core sectors such as chemical and petrochemical, oil and gas, power, and steel production, where temperature transmitters are used extensively.
In the mature North American and Western European markets, suppliers will largely rely on replacement business.
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