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Home > Trade News > Pressure Transmitter market is expected to Attain $1.8 bn by 2009
Pressure Transmitter market is expected to Attain $1.8 bn by 2009
 
Pressure Transmitter market is expected to Attain $1.8 bn by 2009
Over the next five years the world wide pressure transmitter is expected to grow at annual growth rate of 3.8 %. According to a new ARC Advisory study ,Pressure Transmitter Worldwide Outlook the market is predicted to reach nearly $1,796 million in 2009.Paula Hollywood , Field Systems Analyst and the principal author of the study said"Increased consumer demand and spending contributed to global economic growth in 2004 ,sparking renewed investment in process automation.The explosive growth in the Asian market fueled the growth of the pressure transmitter market." High -perfomance pressure transmitters are more widely executed in greenfield projects where manufacturers can take full advantage of their increased functionality while complete solutions and safety integrity level (SIL) rated pressure transmitters are driving brownfield growth. Smart transmitters are more expansive than their traditional counter Parts. The demand for pressure transmitters in China is strong as there are significant efforts to build infrastructure and the manufacturing base continues with heavy investments in core sectors such as chemical and petrochemical ,oil and gas,power,and steel production.ARC does not expect growth in china to decrease until late in the forecast period at which time other developing countries in Asia are expected to pickup Where China left off.
Posted On : 10/6/2005 12:23:43 PM

 
 
 
Pressure Transmitter market is expected to Attain $1.8 bn by 2009