Pressure Gauge Market Size, Top Manufacturers, Regional Analysis, Trends And Forecast 2022-2027
The
latest report published by IMARC Group, titled “Pressure Gauge Market:
Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”
offers a comprehensive analysis of the industry, which comprises insights on
the market share. The report also includes competitor and regional analysis,
and contemporary advancements in the market. The global pressure gauge market
reached a value of US$ 849.34 Million in 2021. Looking forward, IMARC Group
expects the market to reach a value of US$ 1,070.97 Million by 2027, exhibiting
a CAGR of 3.82% during 2022-2027.
Market Trends:
Pressure gauges refer to
instruments used to measure the gas, fluid, water, or steam pressure for
carrying out a safety check, ensuring the consistency of a product, and
preventing leakages in a system. They comprise of mechanical linkages mainly
utilized for measuring variable and static forces. Pressure gauges are
available in various designs, ranges, and display units, such as power
stations, petrochemicals, mining, environmental technology, etc. Several
manufacturers are designing these instruments with additional safety measures,
including blow devices, to protect front workers from injuries caused by
explosions or leakage. As a result, pressure gauges find widespread
applications across various sectors, such as aviation, defense, healthcare,
energy, etc.
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Market Outlook:
The escalating demand for these
instruments in the petrochemical field to measure oil and gas production
involved in household goods, personal items, and automobile parts is among the
primary factors driving the pressure gauge market. Besides this, the elevating
product requirement in the automotive industry for measuring and indicating the
amount of fuel in heavy-duty trucks and buses, which rely on liquified or
compressed natural gas (CNG), is further augmenting the market growth.
Apart from this, the rising
need for pressure gauges in anesthesia equipment, medical regulators,
angioplasty inflation devices, respiratory equipment, dental systems, etc., on
account of the sudden outbreak of the COVID-19 pandemic, is also catalyzing the
global market. Moreover, the introduction of digital variants with advanced
sensors to transmit data to computers for immediate use is expected to bolster
the pressure gauge market in the coming years.
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Pressure Gauge Market 2022-2027
Competitive Analysis and Segmentation:
Competitive Landscape with
Key Players:
The competitive landscape of the pressure
gauge market has been studied in the report with the detailed profiles of the
key players operating in the market.
Major Players Covered:
• 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
• Winters Instruments Limited.
Key Market Segmentation:
The report has segmented the global
pressure gauge market on the basis of output
type, technology, application and region.
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
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
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Key Highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive
landscape
If you need specific information that is
not currently within the scope of the report, we will provide it to you as a
part of the customization.
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