Industrial Wireless Transmitter market

Global Industrial Wireless Transmitter Market Size (2024 to 2029)

The global industrial wireless transmitter market is expected to grow at a CAGR of 8.2% from 2024 to 2029 and the global market size is anticipated to be worth USD 6665.7 million by 2029 from USD 4494.8 million in 2024.

Devices used in industrial environments for transferring data wirelessly are known as industrial wireless transmitters. They serve as communication between numerous industrial devices, sensors, and control systems and are specially made to function in demanding circumstances. Industrial wireless transmitters are tools for wireless data transmission in settings where such situations are common, such as those found in the manufacturing, oil and gas, chemical, and utility industries. An industrial wireless transmitter's objective is to transmit signals continually so that a process can be controlled and errors can be avoided.

Global Industrial Wireless Transmitter Market Drivers:

The need for an industrial wireless transmitter market has greatly expanded due to the expansion of shale gas exploration and refinery processes. As a result, the industrial wireless transmitter market is anticipated to experience rapid growth. Wireless transmitters are used in the shale gas industry to track oil and gas movement, oil tanker levels, as well as pressure during the extraction of oil. Therefore, they are crucial for controlling resource movement and storage. The expanding importance of shale gas production is anticipated to grow the demand for the industrial wireless transmitter market in the coming years. Industry transformation due to automation is driving the demand for wireless communication technologies. With the use of industrial wireless transmitters, data may be smoothly delivered between equipment, allowing for the real-time monitoring, regulation, and improvement of industrial processes. Since there is no longer a need for wiring, wireless transmitters have lower installation and maintenance costs. Industrial systems can be easily expanded or modified owing to the ability of industrial wireless transmitters to provide flexible and scalable networks of communication, which drive the great demand and so gain the largest market share. Industrial wireless transmitters make it possible to remotely track and oversee crucial processes, which reduces the need for human intervention and promotes productivity, due to which the demand for the industrial wireless transmitter market has increased significantly.

Industrial wireless transmitters may perform better when combined with machine learning and artificial intelligence technologies, as there is increasing demand for the market for such devices. As a result, the industrial wireless transmitter market has significant growth opportunities. The fact that industrial wireless transmitter prices are declining is an excellent opportunity that will increase consumer demand for the industrial wireless transmitter market. Governments are also introducing related incentives. It will help the industrial wireless transmitter market to expand its market share considerably. There are many opportunities for the use of industrial wireless transmitters across sectors and businesses. Wireless transmitters can be used in the oil and gas industry to remotely monitor facilities such as pipelines, containers, and machinery in dry and distant locations. Wireless transmitters in the medical field allow for real-time monitoring of patient's health conditions, which enhances care for patients and their well-being. With the help of specialized wireless transmitters, it is possible to identify and target industrial sectors, which can boost the growth and market share of the industrial wireless transmitter market.

Global Industrial Wireless Transmitter Market Restraints:

Power consumption has been a major restraining factor for the industrial wireless transmitter market growth. Wireless transmitters typically use more power or electricity, which harms the demand of the industrial wireless transmitter market. Technology developments have increased the capabilities and features of wireless transmitters, but the amount of power needed to power the devices has limited their popularity and usage. Compared to wired systems, industrial wireless transmitters typically have a smaller transmission range. This can be problematic in large manufacturing facilities or outside locations when there is a great deal of space between the devices. Industrial wireless transmitters require a stable and reliable network structure to guarantee a continuous connection. Wireless transmitter performance can be affected in situations with poor network coverage or unstable connectivity; hence it is one of the factors that restrain the demand for the industrial wireless transmitter market. The risk of illegal access, data theft, and manipulation rises when sensitive industrial data is transmitted wirelessly. The broad use of wireless transmitters may be restricted by worries about the privacy and security of information, particularly in sectors that deal with private information or vital facilities, which is restraining the growth of the industrial wireless transmitter market.

Impact of COVID-19 on the global industrial wireless transmitter market:

The industrial wireless transmitter market has gone through a significant transformation during COVID-19. The industrial wireless transmitter market remained concerned about the chances for long-term improvement as COVID-19 instances continue to rise, particularly in Asian nations like India and China. Additionally, this pandemic has significantly altered consumer behavior. As a result, the industrial wireless transmitter market was under a great burden, and it was anticipated that this would inhibit its growth.

REPORT COVERAGE:

This research report on the global industrial wireless transmitter market has been segmented and sub-segmented into the following categories.

Global Industrial Wireless Transmitter Market – By Type:

• General Purpose Transmitter
• Level Transmitter
• Pressure Transmitter
• Temperature Transmitter
• Flow Transmitter
• Others

Pressure transmitter is anticipated to dominate the industrial wireless transmitter market due to their use in the healthcare sector, and also, electronic products use pressure transmitters to create simple user interfaces and indoor navigational devices. The level transmitter segment is deemed to have the fastest growth opportunities for the industrial wireless transmitter market.

Global Industrial Wireless Transmitter Market – By Applications:

• Industrial Automation and Instrumentation
• Chemical Petrochemical
• Aerospace and Defense
• Food and Agriculture
• Energy and Power
• Inventory Control

The energy and power segment is anticipated to dominate the industrial wireless transmitter market. Heat exchangers, pumps, and compressors, which were previously difficult to keep track of and frequently costly to keep running using wired technology, can now be equipped with wireless transmitters. Therefore, increasing the demand for the industrial wireless transmitter market. However, Industrial Automation and Instrumentation are deemed to have the fastest growth opportunities for the industrial wireless transmitter market.

Global Industrial Wireless Transmitter Market – By Region:

• North America
  • The United States
  • Canada
  • Rest of North America
• Europe
  • The United Kingdom
  • Spain
  • Germany
  • Italy
  • France
  • Rest of Europe
• The Asia Pacific –
  • India
  • Japan
  • China
  • Australia
  • Singapore
  • Malaysia
  • South Korea
  • New Zealand
  • Southeast Asia
• Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of LATAM
• Middle East and Africa
  • Saudi Arabia
  • UAE
  • Lebanon
  • Jordan
  • Cyprus

North America is anticipated to dominate the industrial wireless transmitter market due to the presence of large industry players and the early adoption of wireless technology. At the same time, Asia-Pacific is currently leading the global industrial wireless transmitter market in overall revenue contributions and is anticipated to grow at the fastest CAGR during the forecast period. Latin America, as well as Europe, is expected to present significant growth opportunities for the industrial wireless transmitter market.

KEY MARKET PLAYERS:

Companies playing a major role in the global industrial wireless transmitter market are Emerson Electric Company, Honeywell International Inc., Omega Engineering, Inc., Schneider Electric Corporation, Yokogawa Electric, ABB Group Ltd, Eaton Corporation, Siemens AG and Oleum Technologies.

RECENT HAPPENINGS IN THE MARKET:

• ABB, a global leader in the industrial sector, and Wire System, a provider of information technology and services, joined forces to introduce a digital partnership comprising device engineering, wireless communication, cloud-first application development, and program management.
• In February 2020, Honeywell introduced a brand-new method for tracking the safety of employees both on-site and in remote locations. To notify authorities in situations of emergency, the solution combines data from wearable gas detectors to the company's Experion Process Management System.