Trend: Pressure Transmitters
After the Boom: Can Pressure Transmitters Continue the Upward Trend?
Developing Regions Continue to Lead the Growth
ARC expects the developing countries such as the Middle East, China, Russia, and India to drive the majority of the global growth in pressure transmitter shipments going forward. EPC backlogs have returned to near all-time highs as they once again struggle to keep pace with increasing demand.
China, India and Russia Become the Future Marketplace for Pressure Transmitters
Despite the country’s slower GDP growth in recent quarters, the electric power industry in China continues its investments, creating opportunities for pressure transmitter suppliers. The ongoing need to replace the aging fleet of nuclear power plants in Russia drives pressure transmitter investments. In India, the need for both increased generating capacity and a more stable power infrastructure to reduce brownouts drives the need for more pressure transmitters.