With Market Size Valued at $3.3 Billion by 2026, it`s a Healthy Outlook for the Global Pressure Transmitter Market
SAN FRANCISCO, Sept. 14, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Pressure Transmitter - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
42 - Players covered include ABB Group; Dwyer Instruments, Inc.; Emerson Electric Co.; Endress+Hauser AG; General Electric Company; Honeywell International, Inc.; Schneider Electric SA; Siemens AG; WIKA Alexander Wiegand SE & Co. KG; Yokogawa Electric Corporation and Others.
All major geographies and key segments
Application (Level, Flow, Pressure); Type (Differential, Absolute, Multivariable, Gauge)
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Amid the COVID-19 crisis, the global market for Pressure Transmitter estimated at US$2.7 Billion in the year 2020, is projected to reach a revised size of US$3.3 Billion by 2026, growing at a CAGR of 3.5% over the analysis period. Differential, one of the segments analyzed in the report, is projected to record a 3.9% CAGR and reach US$1.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Absolute segment is readjusted to a revised 3.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $802.7 Million in 2021, While China is Forecast to Reach $558 Million by 2026
Multivariable Segment to Reach US$740 Million by the year 2026
In the global Multivariable segment, USA, Canada, Japan, China and Europe will drive the 3.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$451.3 Million in the year 2020 will reach a projected size of US$570.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.
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SOURCE Global Industry Analysts, Inc.
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