Industrial Transmitters Market Trends, Size, Analysis and Overview

Technavio Announces the Publication of its Research Report Global Industrial Transmitters Market 2016-2020

Technavio recognizes the following companies as the key players in the global industrial transmitters market: ABB, Emerson Electric, Honeywell, Schneider Electric, and Yokogawa.

Other Prominent Vendors in the market are: Accutech Instrumentation, American Sensor Technologies, AMETEK, Danfoss, Dwyer Instrument, Endevco Foxboro/Invensys, Fuji Electric, GE, Omega Engineering, Siemens Energy and Automation, and Wika.

Browse full report with TOC@ https://marketreportscenter.com/reports/368501/global-industrial-transmitters-market-2016-2020

Commenting on the report, an analyst from Technavios team said: Increasing use of wireless transmitters will be a key trend for market growth. Wireless transmitters are gaining more traction in new installation as they can be easily installed in hard-to-reach areas and incurs lower installation cost by eliminating the cost of wiring runs. While it accounted for less share in the overall industrial transmitters market during the base year, this segment is predicted to grow rapidly due to ease of installation and improved connectivity in an industrial set-up. Some of the battery operated transmitter, which is majorly used with wireless transmitters are also expected to grow rapidly.”

According to the report, growing demand from oil and gas industry will be a key driver for market growth. Increased industrial development in both developed and developing countries has boosted global demand for energy, which is fueling the oil and gas industry significantly. Post the recession of 2008-2009, the global gross output has risen steadily from 2.4% in 2012 to 2.6% in 2014, which may reach to 3.3% in 2016. This is likely to propel the overall manufacturing activities worldwide and the need for monitoring different process related parameters in the oil and gas industry.

Further, the report states that complexity in design...