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Digital Pressure Gauge Market is expected to witness Incredible Growth during 2021-2031 | WIKA Instrument, Ametek, Honeywell International, ABB, Yokogawa Electric, GE Measurement & Control Solutions, Schneider Electric, Emerson Electric
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.
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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.
Restraints & Challenges
One of the key challenges is the lack of standardization in the digital pressure gauge market. There are numerous manufacturers of digital pressure gauges, each with their own proprietary designs and technologies. This makes it difficult for buyers to compare and select the best product for their needs. In addition, it also increases the risk of incompatibility between different digital pressure gauges.
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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
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