Market Overview 2022-2027:
The latest research study “Pressure Gauge Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that 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.
Pressure Gauge Market Overview:
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 Trends:
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.
| Pressure Gauge Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 849.34 Million |
| Market forecast in 2027 | US$ 1,070.97 Million |
| Growth Rate | CAGR of 3.82% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Output Type, Technology, Application and Region |
Report Segmentation:
The report has been segmented the market into following categories:
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 Geography:
- 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 with Key Player:
- 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.
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