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IFSA Newsletter (ISSN 1726-6017), No.12, December 2005 |
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1. World Pressure Sensors and Transmitters Market 2. Sensors Web Portal Media Planner 2006 3. Sensors & Transducers Magazine (e-Digest), No.12, December 2005 4. Sensors Web Portal Up-dates Briefs 5. New Sensors Books 6. Free Content for Sensors Related Web Sites 7. Subscriber services 8. Additional Information, Comments, Suggestions
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Palo Alto, CA, 11/30/2005 - New analysis from Frost & Sullivan (www.sensors.frost.com), World Pressure Sensors and Transmitters Market, reveals that the market earned revenue of $4,018.8 million in 2004 and projects to reach $5,545.1 million in 2011.
The accuracy of output achieved in MEMS and piezoelectric based pressure sensors and transmitters is high and has prompted their growth in multiple end-user markets. Trends towards digital electronics, software integration and networking systems compel manufacturers of pressure sensors and transmitters to enhance their product offerings.
The pressure sensors market has progressed towards digital electronics, which are in demand for multiple end-user applications. More developments in the high-end pressure sensors are also expected. There has been a demand for the software integration, which includes software programs to collect and assess data. This provides higher control of the process, as the data received by the operator is a sort of recommendation to help improve the process. End-users prefer buying pressure transmitters with software integration and hence manufacturers are forced to address these needs.
“Manufacturers are now forced to offer pressure sensors and transmitters that are compatible with the fieldbus systems,” says Frost & Sullivan Industry Analyst Dr. Rajender Thusu. “This is due to the increase in demand towards highly accurate and compatible pressure measurements. Manufacturers who fail to offer such technologies in certain markets are bound to lose their market presence as the manufacturers who provide a total solution have a definite edge over the rest.”
Many manufacturers have set up their production centers outside of the United States especially in Asia Pacific regions due to the lower production and labor costs. These manufacturers and suppliers are present outside of the United States and hence an interruption in the supplies of products from them, setback in the service or quality can delay in supplying the customers and therefore the chances of losing the contracts are higher.
World Pressure Sensors and Transmitters Market, a part of the 9405 subscription service, provides an overview and outlook for the market. This study has been segmented into eight technology segments, seven main end-user segments and four geographic segments. This research includes detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews and executive summaries are available to the press.
World Pressure Sensors and Transmitters Market F545-32
Contact: Tori Foster Corporate Communications – North America Tel.: 210.477.8448, fax: 210.348.1003
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