Latest News

Focus on asset management drives growth in temperature transmitter market

Recovering from the economic downswing, process industries got back on track and temperature transmitter shipments saw positive growth in 2011.

This recovery in the temperature transmitter market was mainly due to an increase in orders from growing industries such as oil & gas, chemical, and electric power.

The continued emphasis on Plant Asset Management (PAM) and Fieldbus technology also proved to be a strong growth enabler for smart temperature transmitters, according to a new ARC Advisory Group market research study, Temperature Transmitter Worldwide Outlook

Manufacturers have begun to realise the cost saving benefits of implementing HART and digital protocol standards to enable PAM solutions, particularly in the maintenance and operation phase of the asset’s lifecycle.

Growth and spending for plant asset management systems continue to outpace that of the automation industry in general as end users seek to reduce maintenance costs and increase production availability using tools, such as predictive diagnostics and software-based configuration solutions. 

Among many other benefits, smart temperature transmitters offer diagnostic capabilities that help end users strengthen their PAM initiative, and save precious time and money.

This asset management focus of users is fueling demand for smart transmitters. The wealth of information provided by temperature measurement technology cannot only reveal the health of a company’s plant assets for PAM purposes, but can also help users diagnose their processes. 

"In this tough economy, diversification will be a key to success as it will help suppliers protect their interests against various country/region specific risks by doing business globally,” according to ARC Research Analyst Inderpreet Shoker, principal author of the study.

Send this to a friend