Integration of Cellular Communication Technology with Wireless Pressure Transducer to Drive Global Pressure Transducer Market
A pressure transducer, also known as a pressure transmitter, converts pressure into an analogue electrical signal, and it is widely used in an extensive range of industries, such as Telemetry, HVAC, oil & gas, automotive, consumer electronics, etc. A pressure transducer is utilized in the oil & gas sector to monitor pressure in liquid tanks or pipes, outlet, inlet, or system pressure, and many other applications. The system is made of two basic components: an elastic substance that deforms when subjected to a pressured media and an electrical device that identifies the deformation.
The global pressure transducer market is expected to grow at a CAGR of 3.4% during the forecast period of 2021 to 2031. By 2031, the pressure transducer market is estimated to value more than US$ 5.61 Bn. Numerous factors are influencing the global pressure transducer market, such as increasing industrial automation and rising need for pressure transducers in the process industry. As a result, the market is expected to grow due to the rising applications of pressure transducers in the process industry.
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