Oil and Gas Needs Drive Pressure Transmitter Market
March 12, 2008
Driven by strong growth in the oil and gas industry, the worldwide
market for pressure transmitters will grow by 6.1 percent annually for
the next several years, rising from $1.93 billion in 2006 to almost
$2.6 billion in 2011, according to a recent report from Flow Research
Inc., Wakefield, Mass.
The most rapid growth is occurring where new process plants are being built, primarily in China, the Middle East and in developing countries in Asia, says the report, titled “The World Market for Pressure Transmitters, 2nd Edition.” Pressure transmitters are widely used in the oil and gas industry, which is currently undergoing rapid growth. Increases in the price of crude oil have generated a major increase in upstream oil and gas activity. It is now profitable to drill for oil in many locations that were previously too expensive for oil exploration and production. Other industries where pressure transmitters are widely used include refining, chemical, and power.
Rapid growth in the multivariable transmitter market is also driving growth in the pressure transmitter market. The market for multivariable pressure transmitters for flow more than doubled in the past four years, the study found.
Traditional HMI/SCADAs are being reinvented with today's growing dependence on mobile technology. Discover how AVEVA is implementing this software into your everyday devices to...
Software-as-a-service (SaaS) gives you the technical and financial ability to respond to the changing market and provides efficient control across your entire enterprise—not just...
What happens when you adopt modern HMI solutions? Learn more about the future of operations control with these six modern HMI must-haves to help you turbocharge operator efficiency...
AVEVA System Platform (formerly Wonderware) delivers a responsive, modern operations visualization framework designed to enhance performance across all devices with context-aware...
