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(Publishing-NewsWire.com, November 09, 2021 ) Industrial Wireless Transmitter Market Size is forecast to reach $6.7 billion by 2026, at a CAGR of 8.6% during 2021-2026. Wireless Transmitter is a technology that is used to automatically communicate information about a particular system or process to an area that is not connected electrically with the transmitter. The goal of an industrial wireless transmitter is to continuously transmit information so that a process can be controlled and faults can be prevented. These industrial wireless transmitters are used in manufacturing settings to prevent overloading or deviation from set parameters. A wireless transmitter works with the help of a transmitter which is attached to the control point from which wireless signals are sent. These wireless signals are sent to receivers where they can be read. Receivers are usually fixed at predetermined positions typically in control centers so that the process can be monitored remotely. A transmitter and receiver together are known as a transceiver and are typically found in the automation industry. Industrial Transmitters have been in use in the manufacturing industry since the 1960s. After the advancements in the wireless technology, the wireless transmitters for industrial applications resulted in increased deployment. This market aimed at increased automation and remote control of the manufacturing process. This was done as a cost reduction and safety measure. The development of smart and intelligent industrial transmitter market coincided with the growing automation market globally.
Industrial Wireless Transmitter Market Segment Analysis – By Type
The Pressure transmitters segment held the largest share in the Industrial Wireless Transmitters Market in 2020 at 27%. Level transmitters detect the level of liquids and other fluids as well as fluidized solids such as slurries and powders. Level transmitters typically utilize ultrasonic, radar based or microwave based sensors to measure the level of fluids and are primarily used in chemical, transportation and water and wastewater management industries. Level transmitters are further divided into High Level, Hydrostatic Level and Liquid Level Transmitters.
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Industrial Wireless Transmitter Market Segment Analysis – By Vertical
The Industrial Automation segment held the largest share in the Industrial Wireless Transmitters Market in 2020 at 20%. Automation industries are those industries which use control tools and systems to operate machinery that converts raw materials into final goods. It involves manufacturing and processing of goods. Major contribution to the economy of any developed country is given by its manufacturing industry of which automation market is growing.
Industrial Wireless Transmitter Market Segment Analysis – By Geography
APAC dominated the Industrial Wireless Transmitters market with a value share of approximately 34.0% in 2020, owning to growing investments in the Industrial Automation industry in emerging countries such as China, India, and Japan. Development of new technologies with increased accuracy, power consumption capabilities and reliability has resulted in growth of the market, particularly in Europe and Americas. Increasingly stringent regulations regarding emission control in the APAC region will propel adoption of wireless transmitters.
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Industrial Wireless Transmitter Market Drivers
Increased Shale Gas Production
Increase in shale gas exploration and refinery projects is projected to result in high growth for the wireless transmitters market. Wireless Transmitters are utilized in the shale gas industry to measure the movement of oil and gas, level of oil tankers as well as pressure in the oil extraction process. Thus, they perform a critical function to control the movement and storage of resources. The increased focus on shale gas production is forecast to lead to increased adoption of wireless transmitters in this industry. Shale gas production is concentrated in North America, Middle East and China. The Chinese government has approved multiple shale gas projects and the production of shale gas in China is set to grow at a high rate. Government in Europe and Middle East have lowered taxes and increased approval rate for shale gas developments. The UK government, in particular, has passed laws which are set to increase the number of shale gas refineries and its production. Shale gas production has also received support in the U.S. with production projected to exhibit an appreciable growth rate. Augmented feasibility of shale gas projects and increased shale gas production are projected to result in increased adoption of wireless transmitters.
Increased Emission and Water Sanitation Regulations
New standards have been adopted in order to reduce greenhouse gases, especially carbon dioxide emission. The U.S. government has passed regulations to reduce greenhouse gas emissions in power plants and landfill sites. The European Union has also passed laws to reduce carbon dioxide emissions and has set potential target of 20% less greenhouse gases since 1990 through 2020. MCERT regulations (robust monitoring of emissions through air, land and water) have been approved in UK in order to curtail emissions. These regulations, according to experts, will be adopted throughout Europe, Middle East and Africa over the next few years. Wireless flow and level transmitters, in particular, find increased application in the industrial applications in order to increase compliance with emission control laws. Water pollution control regulations have also been tightened in order to control pollution with regards to both waste water as well as drinkable water. These water control regulations are being augmented in the APAC and Latin American regions with Japan, Colombia and Ecuador leading the charge. India and China are also anticipated to enact these regulations in the next few years. The APAC market is set to exhibit high growth rate in the wireless transmitter market for wastewater management. The increasing pollutant emission and water control laws are projected to be the major drivers for this market.
Industrial Wireless Transmitter Market Challenges
High Power Consumption
Power consumption has been a burning issue in the wireless transmitters market. Wireless transmitters typically consume excessive power when compared with wired transmitters leading to lower adoption. Technological advancements have improved the capabilities and features of wireless transmitters; however, the large amount of power required to operate these devices have limited their adoption and usage. Researchers and manufacturers have been making efforts to reduce power consumption, which has led the companies such as Freescale and Texas Instruments to focus on launching products with lower power consumption. Thus, polar wireless transmitters have been considered as an alternative to the traditional architecture as they offer improved energy efficiency and power consumption capabilities. In order to improve the energy efficiency of wireless transmission devices, increased focus has been put on the battery life. Companies have been focusing on developing improved battery life of more than one year as this is a required capability for industrial applications. They have also been focusing on enhancing energy efficiency and power consumption of wireless transmitters in order to propel adoption in industrial applications.
Industrial Wireless Transmitter Market Landscape
Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Industrial Wireless Transmitter market. Industrial Wireless Transmitter top 10 companies include ABB Ltd. AMETEK, Inc., Johnson Electric Holdings Limited, Siemens AG, Rockwell Automation, Emerson, Honeywell, Yokogawa among others.
In July 2020, ABB an industrial leader and information technology and services company Mesh System collaborated to launch a digital cooperation across device engineering, wireless communication, cloud-first application development and program management.
In September 2019, Emerson partnered with Cisco to introduce a next-generation industrial wireless networking solution that fundamentally transforms data management to improve plant productivity, reliability and safety.
The Medium Range Transmitters segment held the largest share in the Industrial Wireless Transmitters Market in 2020.
Medium Range Transmitters operate within 35m-200m range. They are primarily used for controlling and tracking the pressure, temperature and level rates. They are utilized for controlling the process and automation of the process.
The Radio Transmission segment held the largest share in the Industrial Wireless Transmitters Market in 2020.
The key to scalable, self-organizing development within the framework of Industry 4.0. is connectivity within the network. In the implementation of such technologies, industrial wireless systems play a key role, since they have various possibilities for making production processes more productive and versatile.
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