Temperature Transmitters Market is Projected to Grow at a Significant Rate by 2024 | Hexa Research

Temperature Transmitters Market is Projected to Grow at a Significant Rate by 2024 | Hexa Research

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Research Report on Temperature Transmitters Market Size, Share, Growth, Trends, Application Analysis, Competitive Market Strategies and Forecasts, 2016 to 2024

27 March 2019, Global temperature transmitters market is expected to witness substantial growth over the forecast period on account of increasing automation process industries for optimization of the resources, and improving the cost, security and safety. The use of temperature transmitters is anticipated grow in power, pharmaceutical, chemical and metal & mining industries owing to the increasing demand and excess consumption. The rising access to electricity, increasing electrification and energy intensity are the drivers for electricity, in turn owing to new installations and capacity expansion leading to increasing demand for temperature transmitters.

Heating, air-conditioning, and ventilation is used in residential and commercial areas to maintain an ambient condition in the atmosphere owing to the increasing demand for temperature transmitters. Thermocouple temperature transmitter is expected to grow highest among the various types of transmitters on account of its cost effectiveness, measurement speed, ruggedness and range of temperatures it can measure.

The use of temperature transmitters is expected to grow substantially over the forecast period owing to the technological development in the temperature sensing sector. Using temperature transmitters is simple as it uses common copper wires which are flexible, sturdy and inexpensive contrasting to the use of extension wires in direct wiring sensors which are fragile and highly expensive. Furthermore, in direct wiring sensors, radio frequency interference (RFI) and electromagnetic interference (EMI) lower the levels of accuracy in sensors; conversely, a well-designed temperature transmitter negates the plant noises making the readings accurate and efficient. Few more merits of temperature transmitters are enhanced accuracy and stability, reduced hardware & stocking costs and lower maintenance time and expenses.

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Temperature transmitters are classified on the basis of types mainly into, thermostat, thermocouple, resistive temperature detectors (RTDs) and thermistor. Furthermore, temperature transmitters are bifurcated on the basis of application into automation or HVAC, meteorology, automotive industry, pharmaceuticals and food industry, industrial measurement, energy & environmental technology, cleanroom technology, and agriculture. Heating, ventilating and air-conditioning is an important application of temperature transmitters as it helps in maintaining an ambient atmosphere.

Transmitters help in an accurate forecast of temperature which is an integral function of meteorology department. Temperature transmitters and humidity sensors remove fog and dew from the vehicle windshields in bad weather which makes them useful for automotive industry. A cleanroom is a place where the atmosphere is maintained and regulated to help scientific research which is done by temperature transmitters and other sophisticated instruments.

The Asia Pacific market is expected to grow at a higher rate compared to other regions on account of demand for energy capacity expansion, sanctioning of new projects and increasing demand for automation maintaining optimum cost. The rising demand for HVAC systems is considered to be another driver for transmitters in the forecast period. In North America, the market is anticipated to grow owing to the increasing demand in automotive industry and high per capita disposable income of the consumers leading to increasing demand for residential HVAC systems. Latin America is the supplier of temperature transmitters market and is produced on a large scale. Consumption of the transmitters is anticipated to grow over the forecast period owing to the developing market and increasing the standard of life. The Middle East & Africa is a growing market and is expected to grow in the forecast period for temperature transmitters.

The leading contributors to temperature transmitters market are Abb Ltd., Emerson Electric Company, Endress+Hauser Ag, Honeywell International Inc., Johnson Controls, Inc., Schneider Electric Se, Siemens Ag, Vaisala Oyj, Wika Alexander Wiegand Se & Co. Kg, Yokogawa Electric Corporation and General Electric.

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