Industrial Wireless Transmitter Growing With the Rise in New Technologies such as Multivariable Transmitters
The advent of new technologies, such as
multivariable transmitters, is expected to drive
significant market growth as end users seek lower-cost solutions for their
measurement and control demands and is anticipated to grow over the forecast
period of 2024–2028.
According to TechSci
Research report, “Industrial Wireless Transmitter- Global Industry Size,
Share, Trends, Opportunity, and Forecast. 2018–2028F”, the Global Industrial
Wireless Transmitter is anticipated to register a robust growth during the forecast
period 2024-2028. Globally,
the increase in shale gas exploration and refinery projects are two main
reasons for the industry's significantly increased demand for industrial
wireless transmitters. This is expected to lead to rapid expansion for the
wireless transmitters market. In the shale gas business, wireless transmitters
monitor oil and gas flow, oil tanker levels, and pressure during oil
extraction. As a result, they play a crucial role in managing the
transportation and storage of resources. The key factor that has significantly
raised the demand for Industrial Wireless Transmitter in the market, is the
growing focus on shale gas production, which is predicted to grow the to lead
to an increase in the usage of wireless transmitters industry in the coming
years.
The producers, suppliers,
and end users of wireless transmitter technology, along with many applications
and technologies used in the wireless transmitter industry, have all been taken
into consideration while analyzing the global industrial wireless transmitter
market.
An industrial wireless
transmitter's objective is to transmit data continually so that a process can
be controlled, and errors can be avoided. To avoid overloading or deviating
from predetermined specifications, these industrial wireless transmitters are
employed in manufacturing environments. For a wireless transmitter to function,
a transmitter must be coupled to the control point where wireless signals are
conveyed. Receiver devices can read these wireless signals after they are
broadcasted. Receivers are often set at predetermined locations in control
centers, so the procedure may be watched from a distance. A
transceiver, which combines a transmitter and a receiver, is frequently used in
the automation sector. Since the 1960s, industrial transmitters have been
utilized in the manufacturing sector. Wireless
technology improvements increased the use of wireless transmitters for
industrial applications. This market is aimed at greater automation and remote
management of the production process and encourages money savings and increased
safety. The global automation market is s expanding while the smart and
intelligent industrial transmitter industry is developing.
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Global Industrial Wireless
Transmitter is segmented By Type and
By End-user. Based on Type, the market is segmented into Wireless, Level
Transmitters, Pressure Transmitters, Temperature Transmitters, Flow
Transmitters, and Others. Pressure
Transmitter market is anticipated to be the largest segment, attributed to
growing population. Furthermore, the inclination of discrete and process
industries to replace outdated analogue transmitters with automated systems and
digital communication interfaces is another factor driving the market. This is
done to enable remote calibration and diagnostics that increase plant
efficiency. In consumer electronics, pressure
transmitters are employed for intuitive interfaces and indoor navigation. The
market is expanding because of their utilization in healthcare sector to
transfer blood pressure data from the catheter to a patient's monitoring
system.
Based on End-user, the market is segmented into industrial
automation, energy and power, food and
agriculture, water and wastewater
treatment and other end-users. The wireless transmitter is a
technological tool used to transmit system information to a location where
electrical transmission is not possible. A device attached to a control panel
from which the signals are transmitted, allows the wireless transmitter to
function. Additionally, these transmitters come with information-reading
receivers.
By forecasting period, the
North American Industrial Wireless Transmitter industry is expected to dominate
worldwide Due to rising industry rivalry, Asia-Pacific is likely to see fastest
growth over the forecast period and is currently leading the world market in
terms of revenue contributions to the Industrial Wireless Transmitter market.
The Asia Pacific region is expected
to see an increase in pressure transmitter sales because of rising energy
consumption, rising chemical exports, and the construction of industrial- and
utility-grade wastewater treatment facilities. Market expansion in the area is
also significantly influenced by the expanding chemical, beverage, and food
industries.
Key market players in the Industrial Wireless
Transmitter market:
- Honeywell International Inc
- Schneider Electric SE
- Siemens AG
- General Electric Company
- Emerson Electric Company
- Rohde & Schwarz GmbH & Co KG
- Cannon Water Technology, Inc
- AMETEK Drexelbrook, Inc
- SATEL Qy
- OleumTech Corporation
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"The need for industrial
wireless transmitters is expected to grow in the foreseeable period due to the
expansion of advanced transmitter equipment and the rise in transmitter demand
worldwide.” The affordability of wireless solutions and the accompanying
hardware, such as transmitters, is one of the primary factors promoting their
widespread implementation. According to estimates, installing and connecting a
wireless transmitter to an industrial system typically costs between one-fifth
and one-third are subject to buying and
installing a wired transmitter, respectively.
Wireless solutions meet
the needs of industrial plants to optimize operations, save energy, increase
efficiency, and lower maintenance costs, thanks to their low cost and simple
installation. In the upcoming years, their function will also aid in business
growth. This is a critical business opportunity, which in turn supports the
growth of the global market for Industrial Wireless Transmitter system.” said,
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Segmented By Type (Wireless,
Level Transmitters, Pressure Transmitters, Temperature Transmitters, Flow
Transmitters, and Others), By End-user (Industrial Automation, Energy and Power, Food
and Agriculture, Water and wastewater Treatment and Other End-users),
By Region, Competition has evaluated the future growth potential
of Industrial Wireless Transmitter and provides statistics & information on
market size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Industrial
Wireless Transmitter Market.
Contact
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