North America Industrial Wireless Transmitter Market is expected to reach $1.5 billion by 2026 at a CAGR of 7.2% during the forecast period 2021-2026. The advent of Industry 4.0, industrial IIoT, adoption of other sensing technologies for industrial applications are driving the North America Industrial Wireless Transmitter market size in the forecast period. In addition many modern manufacturers believe that wireless solutions are one of the best technology adoptions in the manufacturing space owing to the availability of wide variety of transmitters such as digital transmitters, pneumatic transmitters, temperature transmitters, pressure transmitters and other. Moreover stringent regulations made by several organization in this region is analyzed to drive the North America Industrial Wireless Transmitter industry in the forecast period.
North America Industrial Wireless Transmitter Market Segment Analysis - By Type
Level transmitter is expected to witness highest CAGR of 10.2% in the forecast period. These transmitters are designed to provide continuous level measurement of any bulk-soil or liquid substance. Increasing demand for reliable and accurate level transmitters is a major factor driving growth of the global level transmitter market. Level transmitters are commonly placed on top of tanks and are also easy to install and remove. These can also be connected to display using wireless communication. In addition growing use level transmitters for various applications in several end user industries is driving the market. For instance these transmitters are used for a variety of processes in the oil & gas industry, including level monitoring in effluent tanks, oil separators, and hydraulic oil tanks. On the other hand, growing industrial automation sector is a factor expected to boost growth of the global level transmitter market in the near future.
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North America Industrial Wireless Transmitter Market Segment Analysis - By End User
Water and Waste Water segment is expected to witness a CAGR of 9.8% during forecast period. Growing awareness about the importance of water quality monitoring is the key driver for the wireless transmitter market growth in the water management industry. Furthermore, increased awareness has resulted in strict policies and laws related to water quality being imposed by the government. These two factors are providing the impetus to the industrial wireless transmitter industry to penetrate into the water management market. As a result, waste water management has been projected to be the major growth area for wireless transmitters. In addition increasing emission and water control laws are projected to be a major driver for wireless transmitter market in the forecast period 2022-2026.
North America Industrial Wireless Transmitter Market Segment Analysis - By Geography
In 2020, U.S dominated the Wireless transmitter market with a market share of more than 66%. Early adoption of advanced technologies, growth of manufacturing sector, increased investments and expansions of various industries are the major reasons for growth of market in this region. Moreover many companies are increasing their market presence by securing new contracts and introducing new products or services. Several companies have been introducing new transmitters in order to accelerate the market in the forecast period 2021-2026.
North America Industrial Wireless Transmitter Market Drivers
Emergence of Industry 4.0 and IIoT in manufacturing sector
The emergence of Industry 4.0 in manufacturing sector has created significant outcomes for the wireless transmitter market in North American countries. According to a report by American Manufacturing Association on an average American companies invest around 3.3% of the annual turnover on industry 4.0 technology. Several Companies in this region are investing in Industry 4.0 as they are focused on manufacturing innovation which is driving the adoption of several integral hardware products such as sensors and communication systems. Owing to these adoption wireless transmitter is set to witness an upsurge in the forecast period 2021-2026.
Implementation of Stringent Environment Regulations
The demanding requirements from consumers and regulatory bodies are bringing disruption in the various industry verticals, with new technological innovations several industries focusing on reducing emission. Several new standards have been adopted in order to reduce greenhouse gases, especially Carbon dioxide emission. For instance the U.S. Government has passed regulations to reduce greenhouse gas emissions in power plants and landfill sites. Similarly, countries like Canada have implemented several regulations on greenhouse gas emissions. Implementation of these regulations aids in the use of high-quality radar level transmitters in the process industries to reduce the risk of overflow of hazardous substances. Industry standards that monitor potentially explosive environments, toxic gas performance, open path performance, and flame and gas system are expected to play a significant role as growth drivers. Therefore, strict emission standards will lead to the demand for high-quality and technologically advanced transmitters in the industries.
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North America Industrial Wireless Transmitter Market Challenges
High costs of wireless transmitter compared to wired transmitter
Although North America Industrial Wireless Transmitter Market is analyzed to grow at a significant rate, High cost attached to these transmitter pose a challenge to this market. In addition to this availability of wired transmitter with low power consumption and low cost is analyzed to hamper the market in the forecast period 2021-2026.
North America Industrial Wireless Transmitter Market Landscape
Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the North America Industrial Wireless Transmitter Market. In 2020, the market of North America Industrial Wireless
Transmitter has been fragmented with several companies vying for top share. North America Industrial Wireless Transmitter top 10 companies include Schneider, Yokogawa, Emerson, Honeywell, G.E, ABB, Omega, Eaton, Siemens, OleumTech, and Phoenix Contact among others.Acquisitions/Technology Launches.
In February 2021 OleumTech, a leading provider of industrial automation and IoT solutions, announced the release of a new RTD Temperature Transmitter to its H Series line of hardwired instrumentation, available in 4-20 mA and RS485 Modbus.
In July 2019, Emerson has introduced two new Rosemount 628 Universal Gas Sensors to measure carbon monoxide and oxygen depletion in addition to the existing capability to monitor hydrogen sulphide
Key Takeaways
In 2020, U.S dominated the North America Industrial Wireless Transmitter Market with a market share of more than 66%. Early adoption of advanced technologies, growth of manufacturing sector, increased investments and expansions of various industries are the major reasons for growth of market in this region.
Level transmitter is expected to witness highest CAGR of 10.2% in the forecast period. Owing to adoption of level transmitters for applications such as level monitoring and so on in several end user industries is driving the market.
Growing awareness about the importance of water quality monitoring is the key driver for the wireless transmitter market growth in the water management industry.
North America Industrial Wireless Transmitter top 10 companies include Schneider, Yokogawa, Emerson, Honeywell, G.E, ABB, Omega, Eaton, Siemens, OleumTech, and Phoenix Contact among others.
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