According to the new market research report by IndustryARC titled “Industrial Wireless Transmitter Market: By Type (Level, Pressure, Temperature, Tank Gauging, Others); By Transmission Range (Short, Medium, Long); By End Use Industry (Industrial, Aerospace & Defense, Petrochemical, Others); By Geography – Forecast (2018-2023)”, the market is projected to register robust growth owing to the increasing pollutant emission and water control laws.
Industrial Wireless Transmitters are used to measure and transmit information regarding a system or process. These transmitters are majorly used in the process industries, and also find application in the transportation and defense industries. The increasing governmental regulations in APAC and Europe have spurred the adoption of flow transmitters. The industrial wireless transmitters market generated revenue of $2.32 billion in the year 2017. The market is experiencing a high growth rate of 9.37% and is forecast to reach $3.85 billion by 2023.
Asia-Pacific continues to lead the market share and growth during 2018-2023.
Asia-Pacific is the largest region for industrial wireless transmitters with revenue of $672.97 million in 2017 and projected to grow to $1.31 billion by 2023, followed by Americas and Europe. The increased usage of flow and level transmitters in chemical and waste water management industries is set to propel the market. APAC region is also forecast to exhibit the highest growth of 13.08% CAGR throughout the forecast period as stricter government emission regulations propel the flow transmitter market.
Selected / Sample Analysis done in the full Report:
Among all the types, Pressure Transmitters have exhibited high adoption in the Americas and European markets. APAC region is projected to grow at the highest rate of 13% through 2023 to reach $325.9 million. The high demand from the automotive industry in APAC region will spur the growth of pressure transmitters in this region.
Among all the end-use segments, the Chemical/Petrochemical Segment is dominating with a revenue of $401 million in 2017 and is expected to reach $669.92 million by 2023 growing at CAGR of 9.59%.
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Excerpts on Market Growth Factors Mentioned in the Full Report:
Stringent government policies and lower installation and maintenance costs of these transmitters are the one of key drivers for this market growth.
The major drivers include shale gas revolution in North America which will lead to increased adoption of wireless transmitters and the increasing demand for accurate measurements in order to improve operational efficiency.
The improving power consumption and energy efficiency of wireless transmitters is propelling the market due to increased demand for functionality and reliability.
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Key Players of the Industrial Wireless Transmitter Market:
The top five companies in the Industrial Wireless Transmitters market include Schneider Electric (France), Yokogawa Electric (Japan), Honeywell International Inc. (U.S.), ABB Group Ltd. (Switzerland) and Emerson Electric (U.S.). The leading players are launching new products and establishing partnerships with end user companies, in order to augment their product portfolio and also to develop innovative products by leveraging the core competencies, thereby improving their product portfolio and enhancing market position. Schneider held the highest market share, owing to the large distribution network as well as the brand identity and expansive product portfolio.
Industrial Wireless Transmitter Market Report is Segmented as below.
Industrial Wireless Transmitter Market By Type:
General purpose Transmitters
High level Switch
Hydrostatic level Transmitter
Liquid Level Transmitter
RTD Temperature Transmitter
Tank Gauging Transmitters
Industrial Wireless Transmitter Market By Transmission Range:
Short Range Transmitters
Medium Range Transmitters
Long Range Transmitters
Industrial Wireless Transmitter Market By Medium:
Industrial Wireless Transmitter Market By End User:
Aerospace and defense
Food and Agriculture
Energy and Power
Water and Waste water management
Industrial Wireless Transmitter Market By Geography ( Covers 20+ Countries )
Industrial Wireless Transmitter Market Entropy
Companies Citied / Interviewed
Cannon Water Technologies Inc.
Adcon Telemetry Gmbh
Suntor Electronics Co. Ltd.
Esi Technology Ltd.
Omega Engineering Inc.
Ascom Wireless Solutions
What can you expect from the report?
The Industrial Wireless Transmitter Market Report is Prepared with the Main Agenda to Cover the following 20 points:
Market Size by Product Categories
Top 10 End user Analysis
Merges & Acquisition Analysis
Demand Analysis ( By Revenue & Volume )
Country level Analysis (10+)
Market Shares Analysis
Value Chain Analysis
Supply Chain Analysis
Current & Future Market Landscape Analysis
Revenue and Volume Analysis
Frequently Asked Questions:
Does IndustryARC publish country, or application based reports in Industrial Wireless Transmitter Market?
Response: Yes, we do have separate reports and database as mentioned below:
North America Market for Industrial Wireless Transmitter (2018-2023)
Europe Market for Industrial Wireless Transmitter (2018-2023)
Asia-Pacific Market for Industrial Wireless Transmitter (2018-2023)
Industrial Automation Market for Industrial Wireless Transmitter (2018-2023)
Chemicals/ Petrochemical Market for Industrial Wireless Transmitter (2018-2023)
Aerospace and defense Market for Industrial Wireless Transmitter (2018-2023)
Food and Agriculture Market for Industrial Wireless Transmitter (2018-2023)
Energy and Power Market for Industrial Wireless Transmitter (2018-2023)
Warehouse Management Market for Industrial Wireless Transmitter (2018-2023)
Transportation Market for Industrial Wireless Transmitter (2018-2023)
Water and Waste water management Market for Industrial Wireless Transmitter (2018-2023)
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