Integration of Cellular Communication Technology with Wireless Pressure Transducer to Drive Global Pressure Transducer Market – TMR Insights -…

ALBANY, N.Y., Aug. 9, 2021 /PRNewswire/ -- Global Pressure Transducer Market: Overview

A pressure transducer, also known as a pressure transmitter, converts pressure into an analogue electrical signal, and it is widely used in an extensive range of industries, such as Telemetry, HVAC, oil & gas, automotive, consumer electronics, etc. A pressure transducer is utilized in the oil & gas sector to monitor pressure in liquid tanks orpipes, outlet,inlet,or system pressure, and manyother applications. The system is made of two basic components: an elastic substance that deforms when subjected to a pressured media and an electrical device that identifies the deformation.

The global pressure transducer market is expected to grow at a CAGR of 3.4% during the forecast period of 2021 to 2031. By 2031, the pressure transducer market is estimated to value more than US$ 5.61 Bn. Numerous factors are influencing the global pressure transducer market, such as increasing industrial automation and rising need for pressure transducers in the process industry. As a result, the marketis expected to grow due to the rising applications of pressure transducers in the process industry.

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Key Findings of Market Report

Besides healthcare andmedical devices business, pressure transducer producers are in high demand in aeronautics, hydraulics, and automationindustries. Es Systems, a producer of high-quality and novel sensor solutions for the medical and industrial fields, is gaining acclaim for its capacitive micro-electromechanical systems (MEMS) technology-based transducers for various industrialas well asautomationoperations.

In specialized medical technology applications, the MEMS technology is gaining prominence. With the aid of the MEMS technology, businesses in the pressure transducer market are able to uncover growth potential in blocked filter detection, pressure valves, andautomated pneumatic assembly applications.

Market players are ramping up the manufacturing of cellular pressure transducers that are simple to install and can connect directly to a provider's secure data portal, where they provide 24/7 customer and technicalassistance. Wireless pressure transducers with built-in cellular communication are a new entry in the globalpressure transducer market. As compared to traditional transducers, these devices make monitoring pressure andtemperature simpler. An array of sensors can be monitored only by a single system utilizing these transducers.In addition to improving and innovating in pressure transducers, manufacturers provide lower pricing and minimal inventory costs to their customers.

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Pressure Transducer Market: Growth Drivers

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Pressure Transducer Market: Key Competitors

Some of the key competitors in the market are as follows:

Pressure Transducer Market: Segmentation

Technology

Measurement Type

Communication Protocol

End-use Industry

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Integration of Cellular Communication Technology with Wireless Pressure Transducer to Drive Global Pressure Transducer Market - TMR Insights -...