According to the research report titled ‘Global High Temperature Pressure Transmitter Market: Analysis By Product Type (Intrinsic, Extrinsic), End User, By Region, By Country: Market Insights and Outlook Post Covid-19 Pandemic (2020-2025)’, available with Market Study Report, global high temperature pressure transmitter market accounted for a remuneration of USD 619.23 million in 2019 and is expected to grow significantly during 2020-2025.
 

Rising concerns and strict regulatory scenario regarding the safety & security during industrial operations are prime factors driving the growth of global high temperature pressure transmitter market. Rapid industrialization and innovative product launches by market majors is also facilitating the business scenario.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2876130/
 

For those uninitiated, high temperature pressure transmitters are used across various applications where variables are required to be measured. These transmitters transfer information not only for controlled operational processes, but also to prevent faults.
 

The advent of COVID-19 has adversely affected automation, control, and sensor industry. Lockdown imposed to curb the spread of the disease has resulted in low investments in the automation sector, while other projects are either postponed or kept on hold for at least a year, which is hampering the industry remuneration.
 

Nonetheless, the deployment of Industry 4.0 policies has impelled the adoption of IoT and wireless sensing technologies, which in turn is aiding the market expansion.
 

As per product type, global high temperature pressure transmitter industry is segmented into extrinsic transmitter and intrinsic transmitter. The end-user scope of the overall market comprises of chemical, water & wastewater, food, oil & gas, and others.
 

Regionally, the market is bifurcated into Asia-Pacific, Europe, Americas, and Middle East & Africa, with the country-level segmentation comprising of Japan, China, India, U.K., France, Germany, Mexico, Canada, Brazil, and the United States.
 

The report states that Asia-Pacific accounted for 39.5% market share in the year 2019 and is predicted to showcase consistent growth throughout the forecast period. Increasing utilization of pressure transmitters in heavy industries is favoring the market outlook in Asia-Pacific.
 

The competitive landscape of worldwide high temperature pressure transmitter market is defined by companies such as Azbil Corporation, Yokogawa Electric Corporation, Dynisco LLC, ABB Ltd., KROHNE Messtechnik GmbH, Siemens AG, Honeywell International Inc., Emerson Electric Co., Danfoss, and Gefran among others.