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Pressure Gauge Market Size, Share Report, 2022-2027 | Growth And Forecast Analysis
Market Overview:
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.
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Year Considered to Estimate the Market Size:
• Base Year of the Analysis: 2021
• Historical Period: 2016-2021
• Forecast Period: 2022-2027
Pressure gauges are devices commonly used to measure the pressure of fluids, gases, water, or steam to maintain product consistency, perform safety checks, and prevent leaks in a system. They consist of mechanical linkages that are used to measure both static and variable pressures. They are available in various designs, display units, and pressure ranges customized to specific industry applications, such as mining, petrochemical, power stations, and environmental technology. At present, several manufacturers are incorporating additional safety features into pressure gauges, including blow devices to safeguard workers from potential injuries due to leakages or explosions.
Market Trends:
The global pressure gauge market is primarily driven by rising product utilization in the petrochemical industry for measuring oil and gas production. Additionally, the increasing demand for petrochemicals in consumer goods, including household items, personal care products, automotive parts, and appliances, is positively influencing the market growth. Moreover, pressure gauges are widely used in the automotive industry for measuring fuel levels in the tanks of heavy-duty trucks and buses that run on liquified or compressed natural gas (CNG).
In line with this, the escalating demand for heavy-duty vehicles to transport essential goods and daily necessities has catalyzed market growth. Besides this, the increasing use of pressure gauges in medical equipment, such as angioplasty inflation devices, anesthesia equipment, medical regulators, respiratory equipment, and dental systems, due to the rise in chronic diseases and the sudden COVID-19 pandemic outbreak, is another major growth-inducing factor. Other factors, including the introduction of digital pressure gauges, rising demand for ventilators and other medical equipment, and technological advancements, are also anticipated to propel the market growth.
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Pressure Gauge Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global pressure gauge market market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
• AMETEK Inc.
• Badotherm
• CIRCOR International Inc.
• Crane Co.
• Honeywell International Inc.
• Newbow Aerospace Ltd.
• OMEGA Engineering Inc. (Spectris plc)
• QED Aerospace
• Dwyer Instruments Inc.
• Emerson Electric Co.
• Fluke Corporation (Fortive Corporation)
• WIKA Alexander Wiegand SE & Co. KG
• Winters Instruments Limited.
Key Market Segmentation:
The report has segmented the global pressure gauge market market based on 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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Note: We are updating our reports, if you want the report with the latest primary and secondary data (2023-2028) including industry trends, market size and competitive landscape, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
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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Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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