Global Industrial Wireless Transmitter Market - Segmented by Type (General Purpose, Level Transmitters, Pressure Transmitters, Temperature Transmitters, Flow Transmitters), End-User (Industrial Automation, Energy and Power, Food and Agriculture, Water and Waste Water Treatment), and Region - Growth, Trends, and Forecast (2018 - 2023)
Global Industrial Wireless Transmitter Market is expected to register a CAGR of 5.20%, during the forecast period (2018 - 2023). The scope of the report is limited to Type of transmitters offered by major players, which include General Purpose, Level Transmitters, Pressure Transmitters, Temperature Transmitters, and Flow Transmitters. The End-users considered in the scope of the report include Industrial Automation, Energy and Power, Food and Agriculture, Water and wastewater Treatment
Transmitters convey information through radio waves and are used for various functions in industries. The inclusion of wireless connectivity in industries is found to have increased the reliability of systems. Industrial wireless transmitter market is expected to have continued growth in the future. The use of wires for transmitter poses various challenges for the location and limits the connectivity of the transmitters through wires. These wires also provide a complex system to maintain and operate. The wireless networks have now achieved industrial standard and are ready to be implemented in an industrial workspace. The implementation of systems, such as SCADA can also be eased compared to wired infrastructure as the hassles of rewiring a systems to make it visible can be removed.
Growing use of IoT in Production is the Primary Driving Force for the Growth of this Market.
There has been an increase in number of smart devices used in plants. These devices enable managers and supervisors to review the performance of machines and employees, irrespective of their locations. Owing to such trends the need for wireless transmitter to be integrated into the system has been growing. In addition, access to ERP information on the mobile device allows the manager to put the data into context. Many other trends, such as Industry 4.0 have also contributed to the upgradation of existing infrastructure of the company.
In addition, the emergence of smart transmitters enables new age of plant visibility with rapidly evolving chemical, physical, and biological sensors smoothening the sophisticated analytical processes. This rapid improvement has also increased the penetration of additional sensors, which are cheaper, smaller, and faster, with lower power consumption. Temperature and humidity can affect batteries; factories employ a large number of humidity, pressure, and temperature transmitters for this purpose.
Automotive Industry is Expected to be One of the Prime Adopters of Wireless Transmitters
The adoption of factory automation is increasing in the automotive industry. The manufacturing bases of automotive companies being shifted from China to Mexico and increasing FDI are fueling the global FA&IC market growth. The growing population, coupled with increasing disposable incomes, has resulted in a tremendous rise in domestic demand. Free trade agreements and economic partnerships are expected to intensify competition; moreover, the overall manufacturing sector and relevant government initiatives are anticipated to boost the automotive industry in the next few years.
Developing economies are still the primary market growth engines for the automotive industry. Countries, such as China and India are investing heavily in a variety of industries. In India, National Manufacturing Policy leads the national investment and manufacturing zones, along with manufacturing activity in the automation sector, thus, boosting the demand for factory automation products
Germany Has Been One of the Quickest Respondents for the Adoption Of Latest Technology, such as Wireless Transmitters
With more than 20 of the country’s top small and medium enterprises being plant and machinery manufacturers, it has presence in conventional manufacturing stakes as well. Germany has been quick to recognize the significance of the new technologies and has given them a prominent position in the country’s framework innovation policy.
Germany plans to maintain its traditionally strong manufacturing position while establishing itself as the world’s most preferable smart industry technology supplier of choice. Some of the major manufacturers of wireless transmitters have been stationed in Germany, which also contributes to its growth.
Key Developments In The Market