PRZOOM - /newswire/ -
Palo Alto, CA, United States, 2005/11/30 - New analysis from Frost & Sullivan, World Pressure Sensors and Transmitters Market, reveals that the market earned revenue of $4,018.8 million in 2004 and projects to reach $5,545.1 million in 2011.
The accuracy of output achieved in MEMS and piezoelectric based pressure sensors and transmitters is high and has prompted their growth in multiple end-user markets. Trends towards digital electronics, software integration and networking systems compel manufacturers of pressure sensors and transmitters to enhance their product offerings.
New analysis from Frost & Sullivan (sensors.frost.com), World Pressure Sensors and Transmitters Market, reveals that the market earned revenue of $4,018.8 million in 2004 and projects to reach $5,545.1 million in 2011.
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The pressure sensors market has progressed towards digital electronics, which are in demand for multiple end-user applications. More developments in the high-end pressure sensors are also expected. There has been a demand for the software integration, which includes software programs to collect and assess data. This provides higher control of the process, as the data received by the operator is a sort of recommendation to help improve the process. End-users prefer buying pressure transmitters with software integration and hence manufacturers are forced to address these needs.
“Manufacturers are now forced to offer pressure sensors and transmitters that are compatible with the fieldbus systems,” says Frost & Sullivan Industry Analyst Dr. Rajender Thusu. “This is due to the increase in demand towards highly accurate and compatible pressure measurements. Manufacturers who fail to offer such technologies in certain markets are bound to lose their market presence as the manufacturers who provide a total solution have a definite edge over the rest.”
Many manufacturers have set up their production centers outside of the United States especially in Asia Pacific regions due to the lower production and labor costs. These manufacturers and suppliers are present outside of the United States and hence an interruption in the supplies of products from them, setback in the service or quality can delay in supplying the customers and therefore the chances of losing the contracts are higher.
“A setback in the quality of the product also leads to customer dissatisfaction and a loss in sales opportunities and revenues,” says Frost & Sullivan Research Analyst V. Sankaranarayanan. “Companies that are dependent upon outside vendors for primary components have to face the a fore mentioned issues as outsourcing arrangements consists of numerous risks such as costs, product delivery schedule, reduced control over quality and manufacturing yield. Hence it is imperative to maintain a sound local base.”
World Pressure Sensors and Transmitters Market, a part of the 9405 subscription service, provides an overview and outlook for the market. This study has been segmented into eight technology segments, seven main end-user segments and four geographic segments. This research includes detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews and executive summaries are available to the press.
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.
World Pressure Sensors and Transmitters
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