Temperature Transmitter and Humidity Transmitter Market – Growing Automation Across All Process Industries – Research and Markets
May 19, 2016 | By Business Wire News
DUBLIN
Research and Markets has announced the addition of the “Temperature Transmitter and Humidity Transmitter Market – Global Trend & Forecast to 2022” report to their offering.
The global temperature transmitter market is expected to reach USD 3.58 Billion by 2022, at a CAGR of 4.19% during the forecast period. The global humidity transmitter market is expected to reach USD 1.36 Billion by 2022, at a CAGR of 1.84% between 2016 and 2022. The growing automation across all process industries to optimize the resources and improve the cost, safety, and security is driving the growth of the temperature transmitter market.
The power industry is expected to grow at the highest rate in the global temperature transmitter market during the forecast period, followed by the chemical, water & wastewater, and pharmaceutical industries. The growing electrification, access to electricity, and energy intensity are driving the demand for electricity, in turn leading to new installations and capacity expansion of the existing power plants.
This would lead to greater demand for temperature transmitters in the near future. The HVAC & building automation industry is expected to grow at the highest rate in the global humidity transmitter market during the forecast period. Heating, ventilation, and air-conditioning (HVAC) is commonly utilized in residential and commercial applications to maintain an ambient atmosphere. Humidity measurement and control plays an important role in HVAC applications.
Asia-Pacific is expected to grow at the highest rate in the temperature transmitter market 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 Asia-Pacific is expected to drive the market growth for humidity transmitters.
Report Structure:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Temperature And Humidity Transmitter Market, By Sensing Technology
8 Temperature And Humidity Transmitter Market, By Industry
9 Temperature Transmitter Market, By Mounting Technology
10 Temperature Transmitter Market, By Communication Protocol
11 Temperature And Humidity Transmitter Market, By Geography
12 Competitive Landscape
13 Company Profiles
Companies Profiled:
- Abb Ltd.
- Emerson Electric Company
- Endress+Hauser Ag
- Honeywell International Inc.
- Johnson Controls, Inc.
- Schneider Electric Se
- Siemens Ag
- Vaisala Oyj
- Wika Alexander Wiegand Se & Co. Kg
- Yokogawa Electric Corporation
For more information visit http://www.researchandmarkets.com/research/t9c3fl/temperature
View source version on businesswire.com: http://www.businesswire.com/news/home/20160519006549/en/
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Sector: Temperature and Heat Sensors
