Need for field data fuels temperature transmitter market
Dedham, MA—The worldwide temperature transmitter market is projected to grow at a more than 4% compound annual growth rate (CAGR) from nearly $205 million in 2003 to more than $253 million by the end of 2008, according to a new study by the ARC Advisory Group.
Dedham, MA— The worldwide temperature transmitter market is projected to grow at a more than 4% compound annual growth rate (CAGR) from nearly $205 million in 2003 to more than $253 million by the end of 2008, according to a new study by the ARC Advisory Group .
“Increasing need for more accurate field data is creating renewed interest in temperature transmitters. Industrial manufacturers are increasingly striving to assimilate greater amounts of field data, such as alarm alerts, calibration documentation and measurement validation, into a common database. The need for a common repository for intelligent field data is being driven by several initiatives, including online plant asset management (PAM) and real-time performance management (RPM) strategies,” says Wil Chin, ARC’s research director and co-author of ARC’s “Temperature Transmitter Market Outlook Study.”
Control Engineering Daily News Desk
Jim Montague, news editor
jmontague@reedbusiness.com
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