Report by ARC: Pressure transmitter shipments, after returning to pre-recession levels in 2010, saw strong growth in 2011, even besting 2010’s growth by several percentage points. Despite the return to positive growth, risks remain, such as continued economic uncertainty in the US and Europe, and slowing growth in Asia.
“Although the economy is sending mixed signals, the pressure transmitter market will likely continue to see positive growth. Ongoing demand for energy will require more oil and gas, driving up demand and long-term energy prices. Finding new oil deposits is becoming more difficult and those that are found tend to be more challenging to develop and refine, creating significant opportunities for pressure transmitter suppliers,” according to Senior Analyst Allen Avery (This email address is being protected from spambots. You need JavaScript enabled to view it.), the principal author of ARC’s “Pressure Transmitter Worldwide Outlook”.
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