Quick Summary:
In a world where precision and safety are paramount, the role of instruments such as pressure gauges cannot be overstated. Utilized across various industries, these devices help measure fluid, gas, or steam pressure to ensure consistency, carry out safety checks, and prevent system leakages. With the escalating demands in sectors like petrochemicals, automotive, and healthcare, the global pressure gauge market is poised for significant growth.
Pressure gauges find tremendous use in petrochemical fields, measuring oil and gas production, and their demand is tied to the consumption of petrochemicals in consumer staples, automotive parts, and appliances. They are equally sought after in the automotive industry, used in fuel tanks of heavy-duty trucks and buses that rely on compressed or liquefied natural gas. The healthcare sector provides another key application for pressure gauges, particularly in equipment such as angioplasty inflation devices, medical regulators, and anesthesia apparatus. With manufacturers introducing advanced digital pressure gauges that allow immediate data transmission to computers, the potential for growth in this market is undeniable.
This detailed market research report analyzes the key trends in the global pressure gauge market. It provides an assessment across various categories based on output type, technology, and application, complemented by forecasts at the global, regional, and country level from 2023-2028. The report will equip you with essential knowledge on market segmentation, key factors driving market growth, an examination of the competitive landscape, and an answer to all your primary questions related to this market. Don't miss out on this valuable knowledge resource that will empower your business to navigate the global pressure gauge market effectively.
Pressure gauges are instruments used to measure the fluid, gas, water or steam pressure for ensuring the consistency of a product, carrying out a safety check, and preventing leakages in a system. They comprise mechanical linkages that are primarily utilized for measuring static and variable pressures. They are widely available in various designs, ranges, and display units, depending on industry applications, such as petrochemical, power stations, mining, and environmental technology. At present, several manufacturers are designing pressure gauges with additional safety measures, such as blow devices, to protect front workers from injuries caused by leakage or explosion.
Pressure Gauge Market Trends:
Pressure gauges are extensively used in petrochemical fields for measuring oil and gas production. This, in confluence with the escalating demand for petrochemicals in consumer staples, such as household goods and personal products, and automotive parts and appliances, represents one of the key factors influencing the market positively. Apart from this, pressure gauges are employed in the automotive industry for measuring and indicating the amount of fuel in a fuel tank of heavy-duty trucks and buses, which rely on liquified or compressed natural gas (CNG). This can also be attributed to the increasing demand for heavy-duty vehicles for the transportation of daily essentials and goods. Besides this, the growing prevalence of chronic diseases and the coronavirus disease (COVID-19) outbreak are catalyzing the adoption of pressure gauges in angioplasty inflation devices, anesthesia equipment, medical regulators, respiratory equipment, and dental systems. Furthermore, market players are introducing digital pressure gauges with advanced sensors to transmit data to computers for immediate use. Such innovations are anticipated to provide a favorable outlook to the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global pressure gauge market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on output type, technology and application.Breakup by Output Type:
- Analog
- Digital
Breakup by Technology:
- Piezoresistive Pressure Gauge
- Capacitive Pressure Gauge
- Electromagnetic Pressure Gauge
- Resonant Solid State Pressure Gauge
- Optical Pressure Gauge
Breakup by Application:
- Aviation and Defense
- Automotive
- Healthcare
- Energy
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AMETEK Inc., Badotherm, CIRCOR International Inc., Crane Co., Dwyer Instruments Inc., Emerson Electric Co., Fluke Corporation (Fortive Corporation), Honeywell International Inc., Newbow Aerospace Ltd., OMEGA Engineering Inc. (Spectris plc), QED Aerospace, WIKA Alexander Wiegand SE & Co. KG and Winters Instruments Limited.Key Questions Answered in This Report
1. How big is the global pressure gauge market?2. What is the expected growth rate of the global pressure gauge market during 2023-2028?
3. What are the key factors driving the global pressure gauge market?
4. What has been the impact of COVID-19 on the global pressure gauge market?
5. What is the breakup of the global pressure gauge market based on the application?
6. What are the key regions in the global pressure gauge market?
7. Who are the key players/companies in the global pressure gauge market?
What is the estimated value of the Global Pressure Gauge Market?
What is the growth rate of the Global Pressure Gauge Market?
What is the forecasted size of the Global Pressure Gauge Market?
Who are the key companies in the Global Pressure Gauge Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 147 |
| Published | September 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 879.9 Million |
| Forecasted Market Value ( USD | $ 1100.6 Million |
| Compound Annual Growth Rate | 3.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
Table of Contents
Companies Mentioned
- AMETEK Inc.
- Badotherm
- CIRCOR International Inc.
- Crane Co.
- Dwyer Instruments Inc.
- Emerson Electric Co.
- Fluke Corporation (Fortive Corporation)
- Honeywell International Inc.
- Newbow Aerospace Ltd.
- OMEGA Engineering Inc. (Spectris plc)
- QED Aerospace
- WIKA Alexander Wieg
- SE & Co. KG and Winters Instruments Limited.
Methodology
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