Electro-pneumatic Transducers Market: Introduction
Electro-pneumatic Transducers convert a current or voltage input into a directly proportional output pressure which is a pre-requisite in a variety of process applications. The electro-pneumatic transducers accept an input from a standard current loop or in the form of voltage signals and provide an output pressure which is directly proportional to the quantum of input provided. In order to deliver an accurate output pressure, the device’s output value needs to be calibrated with the input range.
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Analog electro-pneumatic transducers were initially being used till the mid-twentieth century, but technological advancements in the space have led to the development of digital electro-pneumatic transducers which are ubiquitous at present. However, it needs to be noted that even though digital electro-pneumatic transducers are quite common, analog electro-pneumatic transducers are also commercially available in the market. Electro-pneumatic transducers find application in industries as pneumatic dampers and actuators.
Market Dynamics – Electro-pneumatic Transducers Market:
The market for electro-pneumatic transducers is showcasing growth due to the increasing activity related to the development of smart cities. Smart cities are being developed in a number of geographical regions, primarily in East and South Asia. Smart cities involve the construction of smart and intelligent buildings which essentially make use of building automation systems. The use of pneumatic actuators is required in automation of certain mission critical equipment deployed in smart buildings. This is a primary driver which will consequentially lead to the growth of the electro-pneumatic transducers market. In addition, the continued growth of the market for valves is also helping the growth of the electro-pneumatic transducers market as majority of the valves manufactured currently make use of pneumatic control systems. The growth of process industries operating within the chemical, refining and power generation domains is resulting in increased manufacture and shipment of valves, which will in turn have a positive impact on the electro-pneumatic transducers market.
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The electro-pneumatic transducers market is facing a major restraint due to the marked shift of process industries towards the deployment of smart positioners in their applications. The major advantage which is driving this shift is the preference of customers to reduce the number of standalone components in process applications which in turn reduces maintenance costs. Smart positioners integrate electro-pneumatic transducer functions within them and thus eliminate the need for procuring standalone electro-pneumatic transducers. This is one of the major challenges which is adversely impacting the growth of the electro-pneumatic transducers market.
Electro-pneumatic Transducers Market: Regional Outlook
On the regional front, Asia is the most dominant market for electro-pneumatic transducers. The increased investments by Governments in the region towards developing smart cities is one of the key factors driving the growth of the electro-pneumatic transducers market. Further, the presence of a large number of ongoing oil and gas exploration projects in the region is also expected to spur the growth of the electro-pneumatic transducers market. North America and Europe are also expected to contribute significantly in the growth of the electro-pneumatic transducers market owing to the presence of large automobile and aircraft manufacturing facilities in Europe and continued investments for shale gas exploration and recovery projects in North America. The Middle East region is a major oil producer and open oil and gas wells make use of electro-pneumatic transducers to regulate the level, flow-rate, temperature and pressure in exploration sites. In addition, the oil and gas industry also employs a number of valves which will foster growth of the electro-pneumatic transducers market in the region.
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Electro-pneumatic Transducers: Key Market Participants
Some of the key market participants in the global electro-pneumatic transducers market are:
- ControlAir
- Dwyer Instruments Limited
- Emerson Electric Co.
- Equilibar LLC
- Festo Corporation
- Flucon Automation, Inc.
- Gefran
- Honeywell International Inc.
- ITT, Inc. (Conoflow)
- Johnson Controls
- MAMAC Systems
- Omega Engineering
- Proportion-Air, Inc.
- Rotork
- Siemens AG
- SMC Corporation
- Veris Industries