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In 2011, the chemical, power, and petrochemical industries laid the foundation for the growth of the pressure transmitter market
Date: 2012-07-02Read: 2

Compared to other on-site instrument markets, the application of pressure transmitters in the Chinese market is more concentrated. In 2011, the application performance of China's pressure transmitter industry remained stable, with chemical, power, and petrochemical industries as the three main application industries, jointly accounting for 68.2% of the overall market share. Looking at different industries, China in 2011Pressure transmitterThe market presents the following characteristics:
  
Steady growth in the chemical, power, and petrochemical industries lays the foundation for market growth
  
The chemical industry isPressure transmitterOne of the main application areas, its industry performance is one of the indicators of changes in the pressure transmitter market. In 2011, the chemical industry dominated by coal chemical and fine chemical industries saw strong investment. Although investment decreased in the second half of the year due to industry adjustment policies, overall investment in the chemical industry achieved year-on-year growth
  
The good growth of 29.7% has laid the market foundation for the stable growth of the pressure transmitter market in this industry. In 2011, the market size of pressure transmitters in the chemical industry was 764 million yuan, accounting for 27.1% of the market share and continuing to hold the top spot.
  
Electricity is the second largest application industry in the pressure transmitter market. In 2011, the application scale of pressure transmitters in this industry was 680 million yuan, a year-on-year increase of 13.3%, and the growth rate was significantly higher than the 5.3% in 2010. On the one hand, the installed capacity of thermal power plants increased by 8.9% year-on-year in 2011, which to some extent drove the growth of pressure transmitter applications; On the other hand, upgrading and renovation projects such as desulfurization and denitrification in power plants have created demand space for the pressure transmitter market.
  
In 2011, the petrochemical industry, mainly consisting of large-scale projects, performed well. The steady execution of orders for large-scale petrochemical projects represented by Chengdu and Wuhan Ethylene, drove the pressure transmitter market in this field to achieve a stable growth of 10.6%, with a market size of 479 million yuan.
  
The metallurgical and food and beverage industries are growing rapidly, becoming highlights of market growth
  
Driven by the dual growth of domestic demand and the acceleration of industry automation level, the food and beverage industry has shown strong growth momentum in the past three years, becoming one of the highlights of the pressure transmitter market growth. In 2011, the industry continued to maintain a good growth trend, with a market size of 99 million yuan for pressure transmitters, a year-on-year increase of 19.3%, and a slight increase to 3.5%.
  
From January to November 2011, investment in the steel industry increased by 18.6% year-on-year, with a significant increase in investment growth rate compared to 6.1% in 2010. On the one hand, mergers and acquisitions in the steel industry continue to accelerate, with an increase in automation upgrade and transformation projects for enterprises; On the other hand, as a major energy consumer, the steel industry is a key focus of national energy conservation and consumption reduction work, and energy-saving renovation projects have become another key investment in the industry. The significant increase in investment in the metallurgical industry directly drives the growth of the pressure transmitter market in this industry. In 2011, the market size of pressure transmitters in the metallurgical industry was 133 million yuan, a year-on-year increase of 17.7%.
  
The growth rate of the oil and gas and municipal industries has declined, showing a steady growth trend
  
In 2011, the market size of pressure transmitters in the oil and gas industry was 206 million yuan, achieving a stable growth of 8.4%, but the growth rate declined. On the one hand, the growth rate of investment in oil and gas extraction has slowed down, and the proportion of investment in pipeline construction has increased; On the other hand, with the promotion of the construction of "digital oil fields" and "smart oil fields", the wireless pressure transmitter market in this industry has great growth potential.
  
In 2011, municipal investment bid farewell to the explosive growth during the 11th Five Year Plan period and returned to a stable growth trend. Municipal investment presents new characteristics, on the one hand, upgrading and expanding existing sewage treatment facilities has become a key investment focus; On the other hand, the construction of cogeneration heat sources and the renovation of heating pipelines are accelerating. From the perspective of heat, gas, and water, the pressure transmitter market in the municipal industry achieved a stable growth of 9.3% year-on-year in 2011, but the growth rate slowed down.