Pressure Transmitter Market Future Prospects
The global pressure transmitter market revenue is estimated at USD 3,211.6 million in 2024, and it is expected to reach USD 4,168.7 million by 2030, at a CAGR of 4.4% during 2024-2030.
The rise in the adoption of industrial automation across the globe, owing to its benefits such as improved product quality, increased productivity, lower operational costs, and the preservation of health and safety, is one of the major factors driving the market. The preference of both the process and discrete sectors for implementing automated systems and digital communication interfaces over traditional, analog transmitters for remote calibration and diagnostics is further driving the pressure transmitter market growth, as these technologies result in improved plant efficiency.