Global Industrial Wireless Transmitter Market
Many contemporary manufacturers think that the adoption of wireless technologies in production facilities over the past ten years has been for the best and has enormous potential for future growth
Increased Production of Shale Gas
The market for wireless transmitters is anticipated to rise rapidly as a consequence of increase in shale gas exploration and refining operations. In the shale gas business, wireless transmitters are used to monitor oil and gas flow, oil tanker levels, and pressure during the extraction of oil. As a result, they play a crucial role in managing the transportation and storage of resources. It is anticipated that this business will use wireless transmitters more frequently because of the increasing attention being paid to shale gas extraction. China, the Middle East, and North America produce the most shale gas. The output of shale gas in China is expected to increase significantly because of the Chinese government's approval of several shale gas projects. Taxes have been decreased and the approval rate for shale gas production has grown, throughout Europe and the Middle East. In particular, the UK government has approved rules that are expected to boost the number of shale gas refineries and their output. Shale gas production has also gained encouragement in the United States, and is anticipated to develop significantly. It is estimated that greater shale gas production and enhanced project viability will lead to a rise in the use of wireless transmitters.
Increased Emission and Water Sanitation Regulations
New guidelines have been implemented to cut greenhouse gases, particularly carbon dioxide emissions. Regulations have been put in place by the American government to lower greenhouse gas emissions from landfills and power stations. Additionally, the European Union has enacted legislation to cut carbon dioxide emissions and had set a 2020 objective of 20% fewer greenhouse gas emissions than 1990 levels. To reduce emissions, MCERT laws (strong monitoring of emissions through air, land, and water) have been adopted in the UK. Experts predict that during the next several years, these restrictions will be implemented across Europe, the Middle East, and Africa. To enhance compliance with emission control legislation, industrial applications, in particular, often use wireless flow and level transmitters.
Increased prevalence of IoT in Production is the Primary Key Driver for the Growth of this Market
The number of smart devices utilized in plants has increased. These gadgets allow managers and supervisors to evaluate the operation of equipment and personnel regardless of where they are located. As a result of such changes, the need for wireless transmitters to be integrated into the system has increased. Furthermore, having access to ERP information on a mobile device helps the management to contextualize the data. Many other developments, such as Industry 4.0, have also led to the company's existing infrastructure being upgraded. .This is another key factor responsible for the growth of the Industrial Wireless Transmitter Market.
Mass Installation Wireless Transmitters
The affordability of wireless systems and auxiliary gear, such as transmitters, is one of the main factors promoting their widespread installation. In contrast, it is anticipated that installing and connecting a wireless transmitter system to an industrial control system may be done for between one-fifth and one-third of the price of doing so for a wired transmitter.
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Market Segmentation
Global
Market player
Recent Development
- In July 2020, ABB, aglobal leader in the industrial sector, and Mesh System, a provider ofinformation technology and services, joined forces to introduce a digitalpartnership, spanning device engineering, wireless communication, cloud-firstapplication development, and program management.
- In Sept 2021, United and Honeywell announced ajoint multimillion-dollar investment in Alder Fuels, a cleantech firmdeveloping first-of-their-kind technologies for producing sustainable aviationfuel (SAF) at scale by transforming abundant biomass, like forest and cropwaste, into sustainable low-carbon, drop-in replacement crude oil that can beused to produce aviation fuel.
Attribute | Details |
Base Year | 2022 |
Historic Data | 2018 – 2021 |
Estimated Year | 2023 |
Forecast Period | 2024 – 2028 |
Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2023-2028 |
Report coverage | Revenue forecast, company share, growth factors, and trends |
Segments covered | · By Type · By End User · By Region |
Regional scope | North America; Asia-Pacific; Europe; South America; Middle East & Africa |
Country scope | United States; Canada; Mexico; China; India; Japan; South Korea; Australia; Singapore; Malaysia; Germany; United Kingdom; France; Russia, Spain; Belgium; Italy; Brazil; Colombia; Argentina; Peru; Chile, Saudi Arabia; South Africa; UAE; Israel; Turkey |
Key companies profiled | Honeywell International Inc, Schneider Electric SE, Siemens AG, General Electric Company, Emerson Electric Company, Rohde & Schwarz GmbH & Co KG, Cannon Water Technology, Inc, AMETEK Inc, SATEL Oy, OleumTech Corporation. |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |