Press release
Digital Pressure Gauge Market growth, business opportunities, share value, key insights and size estimation by 2031
Digital Pressure Gauge Market
Digital pressure gauges are designed to measure the pressure of fluids and gases. They use a variety of sensors to measure the pressure and then convert the pressure into a digital reading. The digital pressure gauge can then be connected to a computer to display the pressure readings.
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Covid-19 Impact:
The outbreak of COVID-19 has had a significant impact on the digital pressure gauge market. The market is expected to grow at a slow pace during the forecast period. The outbreak has led to a decrease in demand from end-use industries such as automotive, oil & gas, and chemical & petrochemical, among others. This is expected to hamper the growth of the digital pressure gauge market during the forecast period.
Key Trends:
There are many different digital pressure gauge technologies on the market today. Some of the key trends in this technology include:
1. The use of digital pressure gauges is growing rapidly as they offer more accurate readings than traditional analog gauges.
2. Many digital pressure gauges now come with built-in data logging capabilities, which allows for more detailed analysis of pressure data.
3. Some digital pressure gauges now offer wireless connectivity, which allows for remote monitoring and data collection.
Key Drivers:
The major drivers of this market are the need for accurate and precise measurement of pressure, the growing demand for digital pressure gauges in the oil and gas industry, and the increasing adoption of digital technologies in the process industry.
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Market Segments:
By Technology:
• Resonant Solid State Pressure gauge
• Piezoresistive Pressure gauge
• Electromagnetic Pressure gauge
• Optical Pressure gauge
• Capacitive Pressure gauge
By End Use Industry:
• Automotive
• Consumer Electronics
• Healthcare
• Oil & Gas
• Power
• Industrials
Key Players
• WIKA Instrument Corporation
• Ametek, Inc.
• Honeywell International, Inc.
• ABB Ltd.
• Yokogawa Electric Corporation
• GE Measurement & Control Solutions
• Schneider Electric SE
• Emerson Electric Co.
• Endress+Hauser Management AG
• Siemens AG
• OMRON Corporation
• Fluid Components International, Inc.
• Dwyer Instruments, Inc.
• Ashcroft Inc.
• Brooks Instrument
• National Instruments Corporation
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Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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