Pressure transmitter shipments, after returning to pre-recession levels in 2010, saw strong growth in 2011, even surpassing 2010’s growth by several percentage points.
Despite the return to positive growth, risks remain. In a connected world, market volatility and political instability impact industrial growth, which in turn affects the pressure transmitter business. The relative slowdown in China and India further increases the risks facing pressure transmitter vendors.
Due to the numerous challenges and the lag between orders and final shipment for new projects, many vendors are weighing the financial viability before investing in their manufacturing capacity and after-market service capabilities.
According to G. Ganapathiraman, Country Manager, ARC India and co-author of ARC’s Pressure Transmitters for Asia Market Research Study, “Ongoing financial instability continues to plague markets in Asia.
However, ARC expects the developing countries such as China and India to drive the majority of Asia’s growth in pressure transmitter shipments going forward.” Countries such as Indonesia and South Korea are also growing at above average growth rates.
Click here to read the full story.
