Global Pressure Gauge Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Pressure Gauge Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Pressure Gauge Industry report, size, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global pressure gauge market size reached US$ 879.9 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,100.6 Million by 2028, exhibiting a growth rate (CAGR) of 2.9% during 2023-2028.
A pressure gauge is a precise measuring instrument that gauges the pressure applied by gases, liquids, or steam within a sealed system. It is crafted from high-quality materials, such as stainless steel and resistant alloys, to endure various environmental conditions. It is equipped with a dial or digital display, featuring calibrated markings in units like pounds per square inch (psi), bar, or kilopascals (kPa), facilitating easy reading of pressure values for operators. It comes in diverse designs and types, each designed for specific applications and pressure ranges. This tool provides real-time pressure data, ensuring the smooth operation of machinery and equipment. By averting pressure-related accidents and equipment malfunctions, it helps maintain optimal working conditions. In aircraft systems, it is indispensable for monitoring cabin pressure, hydraulic equipment, and fuel pressure to ensure aviation safety and performance. In the oil and gas sector, it plays a vital role in overseeing fluid pressure in pipelines, wellheads, and storage tanks.
Global Pressure Gauge Market Trends and Drivers:
The market is experiencing growth driven by several significant factors. Workplace safety has become a top priority in high-risk settings like chemical plants and oil refineries, stimulating market expansion. Moreover, the integration of digital technology into pressure gauges, allowing for remote monitoring and data analysis, is contributing to a positive market outlook. Additionally, pressure gauges are finding increased use in the healthcare sector to enhance the efficiency of anesthesia delivery systems and laboratory equipment, further supporting market growth. The adoption of smart pressure gauges is on the rise globally due to the growing use of internet of things (IoT) devices for real-time data analysis, predictive maintenance, and process optimization. Moreover, the market is propelled by the rising demand for pressure gauges with advanced features that ensure safety and compliance with industry-specific standards and certifications. Furthermore, the inclusion of pressure gauges into broader control systems for seamless monitoring and control of various parameters in industrial processes is bolstering market growth.
Global Pressure Gauge Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: 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.
The report segmented the market on the basis of region, 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
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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