Product category:
Pressure measurement systems
News Release from: Flow Research Inc | Subject: Pressure Tx Market study
Edited by the Processingtalk Editorial
Team on 19 December 2007
Research study into pressure transmitter
market
A new research study finds strong growth for the worldwide pressure transmitter market: growth is occurring where new process plants are being built, in China, the Middle East, and in Asia
The new study from Flow Research, called 'The World Market for Pressure Transmitters, 2nd Edition', found that the worldwide pressure transmitter market totaled USD1.93 billion in 2006, with a projected yearly growth of 6.1 percent through to 2011 Pressure transmitters are widely used in the oil and gas industry, which is currently undergoing rapid growth
This article was originally published on Processingtalk on 22 Mar 2004 at 8.00am (UK)
Related stories
Planned worldwide gas flowmeter study
The idea is to compare the different technologies used to measure gas flow, whether natural gas, process gases or air, to see how they stack up against each other, from actual experience in the field
The World Market for Gas Flow Measurement
Flow Research is pleased to announce that our new worldwide gas flowmeter study is ready to ship, called 'The World Market for Gas Flow Measurement' it provides a complete market supply analysis
Increases in the price of crude oil have generated a major increase in upstream oil and gas activity.
It is now profitable to drill for oil in many locations that were previously too expensive for oil exploration and production.
Other industries where pressure transmitters are widely used include refining, chemical, and power.
Rapid growth in the multivariable transmitter market is also driving growth in the pressure transmitter market.
The market for multivariable pressure transmitters for flow more than doubled in the past four years, the study found.
In addition, a large number of current users reluctant to abandon their investment assures sustained growth in the differential pressure transmitter market.
Even when faced with a need for higher performance levels, many of these users will choose to stick with differential pressure transmitter technology as suppliers provide advanced features.
A need for higher performance also encourages users to move up the ladder from pressure transducers to pressure transmitters.
According to Dr Jesse Yoder, president of Flow Research, the future looks bright for pressure transmitters: "Instrumentation markets are riding a wave of capital expansion in the process industries that began in 2004.
Pressure transmitters are benefiting from that expansion.
Growth in the process industries, together with increased activity in the oil and gas industry, is expected to drive the pressure transmitter market to new revenue levels in the next several years".
• Flow Research Inc: contact details and other news
• Email this article to a colleague
• Register for the free Processingtalk email newsletter
• Processingtalk Home Page
Search the Pro-Talk network of sites
