P/I Converters Market
P/I Converters Market Scope: Industry Analysis,
Market Size, Growth, Trends Till 2031
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P/I Converters Market Size and Growth
The P/I converters market is experiencing robust growth, driven by increasing automation across industries. Valued at approximately USD 1.6 billion in 2023, the market is projected to expand at a CAGR of 6% through 2030. Key factors include demand for precision measurement and advancements in industrial technology.
Companies Covered
(Covid 19 Impact Covered)
◍ Moore Industries
◍ Watson Smith
◍ Ramén Valves
◍ OMEGA
◍ OWECON
◍ Rotork
◍ KaoLu
◍ ABB
◍ Fine Controls
◍ OMC
◍ AMOT
◍ OTC
The P/I converters market features key players like Moore Industries, Watson Smith, and ABB, providing essential signal conversion for process control systems. These companies enhance market growth through innovative solutions and technologies. Notable sales revenues include ABB at approximately $27 billion and Rotork at around $1 billion, driving industry advancements.
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Market Segmentation
By Application
Chemical Industry
Energy Industry
Others
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By Product
Pneumatic
Electropneumatic
Others
Market Growth
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$ X Billion USD
