TMCnet News
Temperature Transmitter and Humidity Transmitter Market Worth 4.94 Billion USD by 2022PUNE, India, February 12, 2016 /PRNewswire/ -- According to the new market research report "Temperature Transmitter and Humidity Transmitter Market by Sensing Technology, Mounting Technology (Head, Field, & Din-Rail), Communication Protocol, Industry (Chemical, Power, Oil & Gas, And Others) And Geography - Global Trend & Forecast to 2022", published by MarketsandMarkets, the Temperature Transmitter Market is expected to reach USD 3.58 Billion by 2022, at a CAGR of 4.19% between 2016 and 2022. The Humidity Transmitter Market is expected to reach USD 1.36 Billion by 2022, at a CAGR of 1.84% between 2016 and 2022. Browse 79 market data Tables and 73 Figures spread through 180 Pages and in-depth TOC on "Temperature Transmitter and Humidity Transmitter Market" http://www.marketsandmarkets.com/Market-Reports/temperature-humidity-transmitter-market-222671814.html The growing automation across process industries for optimizing the resources and improving the cost, safety, and security is driving the growth of the Temperature Transmitter Market. The deployment of temperature transmitters is expected to grow in industries such as power, chemical, pharmaceutical, and metal & mining. Humidity measurement in industries is critical as it may affect the total cost of the product as well as the health and safety of the personnel. The application of humidity transmitters is expected to grow in various industries such as HVAC & building automation, food & beverage, textile, pulp & paper, and pharmaceutical. The thermocouple sensing type of temperature transmitter and the capacitive sensing type of humidity transmitter are expected to register highest growth rates: The market for the thermocouple sensing type of temperature transmitter is expected to grow at the highest rate owing to its cost effectiveness, ruggedness, measurement speed, and range of temperatures that it can measure. The market for the capacitive type of humidity transmitter is expected to grow at the highest rate during the forecast period. The capacitive sensing technology is widely used in industrial, commercial, and meteorological applications. This sensing technology is capable of operating accurately down to 0% relative humidity (RH). Asia-Pacific expected to grow at the highest CAGR in both temperature transmitter and humidity transmitter markets during the forecast period: The Asia-Pacificmarket is expected to grow at the highest growth in both the markets between 2016 and 2022 owing to the demand from energy capacity expansion, new project commissioning, and demand for industrial automation to increase productivity while keeping the cost optimum. The growing demand for HVAC systems in residential and commercial projects in the Asia-Pacific region is driving the market for humidity transmitters. Emerson Electric Company (U.S.), Endress+Hauser AG (Switzerland), ABB Ltd. (Switzerland), Honeywell International Inc. (U.S.), Yokogawa Electric Corporation (Japan), Siemens AG (Germany), Schneider Electric SE (France), and WIKA Alexander Wiegand SE & Co. KG (Germany) are the key players in the global temperature transmitter market. The key players in the humidity transmitter market are Johnson Controls, Inc. (U.S.), Honeywell International Inc. (U.S.), Siemens AG (Germany), Schneider Electric SE (France), General Electric (U.S.), and Vaisala Oyj (Finland). Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=222671814 This report describes the market trends, drivers, and challenges with respect to the temperature and humidity transmitter market, and forecasts the market up to 2022. This global report gives a detailed view of the market across the four geographies, namely, North America, Europe, Asia-Pacific, and Rest of the World. The report profiles the most promising players in the temperature and humidity transmitter market. The competitive landscape of the market presents a very interesting picture, wherein the companies in industrial automation and field instruments are the key players in the market. These players are adopting strategies of partnerships and agreements with the companies in process industries, especially power, chemical, and oil & gas industries, across the globe. Browse Related Reports Pressure Transmitter Market by Type (Absolute, Gauge, Differential Pressure, and Multivariable), Application, Fluid Type, Sensing Technology, Communication Protocol, Industry (Oil & Gas, Chemical, Power, and Others) and Geography - Global Trend & Forecast to 2020 Intelligent Flow Meter Market by Type (Coriolis, Electromagnetic , Vortex, Ultrasonic and Others), by Technology (Profibus, HART & Others), by Application (Water & Wastewater, Oil & Gas, Chemicals & Others) and Geography - Global Trends & Forecasts to 2014 - 2020 About MarketsandMarkets MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact:
SOURCE MarketsandMarkets 
|