This global Temperature Transmitters market research delivers current market analysis plus a five year market and technology forecast. It is available in multiple editions including worldwide, all regions, and most major countries. The research covers smart temperature transmitters, remote diagnostics, Ethernet-APL, Field Device Integration (FDI), Plant Asset Management, Thin Film RTDs, Clamp-On RTDs, Integrated Assemblies, dustrial IoT, strategic analysis, market size, industry trends, historical analysis.
Temperature Transmitters Demand Spurred by Greenfield Projects
ARC Advisory Group research shows that Asia, with China as the growth engine of the global economy, boosts demand for temperature transmitters. The region presents the greatest potential for greenfield projects among automation vendors. Unlike legacy system upgrades, greenfield projects are not constrained by existing infrastructure, allowing for the implementation of state-of-the-art instrumentation and systems. Refineries in China and India will need to meet emission requirements, creating additional business opportunities. As refineries in China and India work to meet emission standards, demand is rising for advanced solutions like fieldbus and plant asset management (PAM). These require intelligent temperature transmitters, which offer higher margins and boost revenue for suppliers and improve productivity for end users.
Temperature Transmitters Strategic Issues
In addition to providing a five-year market forecast, the temperature transmitter market research provides detailed quantitative current market data and addresses key strategic issues as follows.
Focus on Connecting Devices to the Cloud
From ARC’s perspective, the Cloud is a critically important technology to manufacturers, since it provides a common, economical, globally accessible repository for plant data, equipment data, and other infrastructure information. Much work is being done in the automation community to develop standards for the gateway and interface technology needed to transport data between the Cloud and CIP-enabled industrial control systems populated with devices on networks such as Ethernet/IP and DeviceNet. However, concerns regarding security and reliability of the communication interfaces between the Cloud and the automation infrastructure, and a lack of standards and guidelines focused on these critical issues are impeding its growth. The network and communication solutions offered by some suppliers that have a common industrial cloud interface will address these security and communication issues head-on and could provide confidence to manufacturers that have been reluctant to leverage the benefits of the Cloud.
Adopt Wireless Technology
The adoption of wireless field devices will continue to affect the dynamics of the market for temperature transmitters and other field devices. Although wireless temperature transmitters still represent a very small portion of the overall temperature transmitter market, the wireless market is poised for strong growth in the long run. Wireless technology allows users to install field devices in measurement points that previously were not feasible due to the high cost of wiring. This is particularly true for hazardous or inaccessible areas. Encryption and mesh networking technologies have largely addressed user concerns about the security and reliability of wireless transmission of process data. This is particularly true for monitoring applications. Due to the tangible cost advantages, ARC is likely to see increased adoption of wireless-enabled measurements for slow-acting process control loops, such as liquid level control.
Focus on Asset and Energy Management
End users have begun to better realize the contributions of proper maintenance in keeping physical assets in good working conditions to avoid business interruption and improve profitability as well as plant safety. Growth and spending on PAM systems continue to rise as manufacturers seek to determine equipment condition as a means of increasing asset utilization. To get the full benefit of their PAM systems, users will have a further incentive, apart from higher accuracy and better performance, to upgrade their older devices to new units that offer greater intelligence and diagnostic functionality. Improving energy efficiency has also become an imperative for many manufacturing companies; one that reduces costs and increases efficiency when energy-intensive equipment creates bottlenecks in the plant. Efficient energy usage has a positive impact on asset maintenance costs, equipment lifecycle costs, safety, and overall emissions.
