Title: Industrial Wireless Transmitter Market is estimated to hit $3.85 billion by 2023
1Industrial Wireless Transmitter Market is
estimated to hit 3.85B
2Asia-Pacific is the largest region for industrial
wireless transmitters with revenue of 672.97
million in 2017 and projected to grow to 1.31
billion by 2023, followed by Americas and Europe.
The increased usage of flow and level
transmitters in chemical and waste water
management industries is set to propel the
market. APAC region is also forecast to exhibit
the highest growth of 13.08 CAGR throughout the
forecast period as stricter government emission
regulations propel the flow transmitter market.
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3Selected Analysis done in the full Report
- Among all the types, Pressure Transmitters have
exhibited high adoption in the Americas and
European markets. APAC region is projected to
grow at the highest rate of 13 through 2023 to
reach 325.9 million. The high demand from the
automotive industry in APAC region will spur the
growth of pressure transmitters in this region. - Among all the end-use segments, the
Chemical/Petrochemical Segment is dominating with
a revenue of 401 million in 2017 and is expected
to reach 669.92 million by 2023 growing at CAGR
of 9.59.
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4Excerpts on Market Growth Factors Mentioned in
the Full Report
Stringent government policies and lower
installation and maintenance costs of these
transmitters are the one of key drivers for this
market growth. The major drivers include shale
gas revolution in North America which will lead
to increased adoption of wireless transmitters
and the increasing demand for accurate
measurements in order to improve operational
efficiency. The improving power consumption and
energy efficiency of wireless transmitters is
propelling the market due to increased demand for
functionality and reliability.
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5Key Players of the Industrial Wireless
Transmitter Market
- Siemens Ag
- Cannon Water Technologies Inc.
- Avisaro Ag
- Adcon Telemetry Gmbh
- Datek Ab and More
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