Industrial Transmitters Market Analysis, Share and Size, Emerging Trends, Overview and Outlook, Growth And Segment Forecasts To 2020 Technavio Announces the Publication of its Research Report Global Industrial Transmitters Market 20162020 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-industrialtransmitters-market-2016-2020 Commenting on the report, an analyst from Technavio’ s 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 will be a challenge for the market. Industrial transmitters are used in many industrial automation and control systems. Complexity in the design of industrial transmitters is increasing because of the integration of more functions into transmitters and the constant and growing demands from end-users. Vendors have to focus more on adding new functionalities to microcontroller designs to meet end-user demand. This increased complexity will make the manufacturing process more expensive, as vendors have to install sophisticated machinery. This ultimately results in a delay in production schedules and adds to the cost of production.
Industrial Transmitters Market Share, Size, Trends and Growth To 2020
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