The global industrial wireless transmitter market was valued at USD 2.6 billion in 2021 and is predicted to reach USD 3.4 billion by 2026, at a CAGR of 5.1% over the forecast period 2021 - 2026. With the arrival of Industry 4.0 policies, wireless sensing and IoT solutions are increasingly getting used worldwide in several industrial applications.
The wireless transmitter is a technology used to communicate information about the system to an area where the data cannot be sent electrically. The wireless transmitter works with the help of a device that is attached to a control panel from where the signals are transmitted. These transmitters are also provided with receivers who can read information.
Industrial Wireless Transmitter Market Recent Developments:
Solstice E-Cooling is the newest addition to Honeywell's (HON +2.2%) revolutionary line of next-generation low-global-warming potential refrigerant technologies. Aimed at electronics and data centers, it uses a two-phase liquid cooling process to get rid of heat from applications while reducing environmental impacts. The new technology is out there now and being previewed at the air-con, Heating and Refrigeration Expo in Orlando, Fla.
The AURORA project: Under the leadership of Siemens Corporate Technology, a search project funded by the US Department of Energy will develop innovative solutions for situational awareness, distributed control during cyberattacks or natural disasters, and autonomous restoration after power outages. The facility system will become more resilient to cyberattacks, and natural disasters with the technologies developed while also helping to reduce the hazards for utility employees.
Drivers and Restraints of Industrial Wireless Transmitter Market:
One of the first reasons that are encouraging the mass installations of wireless solutions is the low cost of these solutions and supporting equipment, like transmitters. It is estimated that wireless transmitter systems are often installed and connected to an industrial system, for about one-fifth to one-third of the prices required to acquire and install a wired transmitter.
The attributes of low cost and straightforward installation help wireless solutions to satisfy the requirements of plants to optimize operations, save energy, increase efficiency, and reduce maintenance costs. This feature will also help business growth in the coming years.
The wireless transmitter also suffers certain drawbacks. Security issues are the foremost common drawback that any wireless network can face.
By Transmission range:
The embedded vision system is getting used in many industries that are incorporated within the cameras. This vision system is programmed to perform defined tasks using infrared and 3D thermal cameras to examine and monitor the inventory system. These 3D cameras are used for industrial inspection, which may also reduce the prices.
The manufacturing bases of automotive companies being shifted from China to Mexico and increasing FDI are fueling the global food and agriculture market growth. The growing population, including rising in disposable incomes, has resulted in a tremendous rise in domestic demand.
Energy & power industry is one of the most significant end-user segments for industrial wireless transmitters. The main reason for using wireless transmitters within the industry is thanks to a high rate of deployment, like wireless sensor networks (WSN), etc., and several safety standards and simple installation, even at places that are hard to access.
Industrial Wireless Transmitter Market Region-wise analysis:
Marked Segmentation based on the region:
The US has increased its gas-fired power by quite 40% between 2010 and 2018. Further new projects also are being introduced within the country to exchange coal and oil-powered electricity generation with gas power plants, which create an enormous demand for wireless transmitters, especially pressure and temperature transmitters.
The high manufacturing activity in North America, which accounts for quite 23% of the region's gross domestic product (GDP), is that the primary driver of demand for wireless transmitters. The area features a definite outlook from most of the end-user verticals. Energy and power, and industrial automation stand to be the primary source of demand for industrial wireless transmitters within the region.
In recent times, because of several environmental concerns, there has been a substantial shift within the power generation practices of several countries, especially in North America and Europe. the amount of nuclear and thermal power plants are gradually coming down, as they're replaced with plants operating on gas.
Germany has been one of the quickest respondents for the adoption of the latest technology, like wireless transmitters. Germany has been quick to acknowledge the importance of the new technologies and has given them a prominent position within the region’s framework innovation policy.
Countries, like China and India, are investing heavily in a sort of industry. In India, National Manufacturing Policy leads the national investment and manufacturing zones, alongside manufacturing activity within the automation sector, thus, boosting the demand for factory automation products.
a. Middle East
Key Players of Market:
The important key players of the global industrial wireless transmitter market are:
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Industrial Wireless Transmitter Market, By Type
6.1.1 General Purpose Transmitters
6.1.2 Level Transmitters
6.1.3 Pressure Transmitters
6.1.4 Temperature Transmitters
6.1.5 Flow Transmitters
6.1.6 Tank Gauging Transmitters
6.1.7 Market Size Estimations & Forecasts (2019-2024)
6.1.8 Y-o-Y Growth Rate Analysis
6.1.9 Market Attractiveness Index
6.2 Industrial Wireless Transmitter Market, By Medium
6.2.1 Radio Transmission
6.2.2 Infrared Transmission
6.2.3 Light Transmission
6.2.4 Microwave Transmission
6.2.5 Market Size Estimations & Forecasts (2019-2024)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index
6.3 Industrial Wireless Transmitter Market, By End-User
6.3.1 Industrial Automation
6.3.2 Chemical/ Petrochemical
6.3.3 Aerospace And Defense
6.3.4 Food And Agriculture
6.3.5 Energy And Power
6.3.6 Warehouse Management
6.3.8 Water And Wastewater Management
6.3.9 Market Size Estimations & Forecasts (2019-2024)
6.3.10 Y-o-Y Growth Rate Analysis
6.3.11 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Type
7.2.3 By Medium
7.2.4 By End-User
7.3.1 By Country
220.127.116.11 Rest of Europe
7.3.2 By Type
7.3.3 By Medium
7.3.4 By End-User
7.4 Asia Pacific
7.4.1 By Country
18.104.22.168 South Korea
22.214.171.124 South East Asia
126.96.36.199 Australia & NZ
188.8.131.52 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Medium
7.4.4 By End-User
7.5 Latin America
7.5.1 By Country
184.108.40.206 Rest of Latin America
7.5.2 By Type
7.5.3 By Medium
7.5.4 By End-User
7.6 Middle East and Africa
7.6.1 By Country
220.127.116.11 Middle East
7.6.2 By Type
7.6.3 By Medium
7.6.4 By End-User
8. Key Player Analysis
8.1 Emerson Electric Company
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Honeywell International Inc
8.3 Omega Engineering, Inc.
8.4 Schneider Electric Corporation
8.5 Yokogawa Electric
8.6 ABB Group Ltd
8.7 Eaton Corporation
8.8 Siemens AG
8.9 Oleum Technologies
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures