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Bourdon Tube Pressure Gauges Market worth $3.11 billion by 2030, growing at a CAGR of 8.22% - Exclusive Report by 360iResearch
Bourdon Tube Pressure Gauges Market | 360iResearch
The Global Bourdon Tube Pressure Gauges Market to grow from USD 1.79 billion in 2023 to USD 3.11 billion by 2030, at a CAGR of 8.22%.
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Bourdon tube pressure gauges are essential instruments for measuring and monitoring fluid pressure in various industrial and commercial applications. These gauges use a C-shaped, spiral, and helical-type tube that expands or contracts in response to changes in pressure, which is then translated into a mechanical movement that displays the pressure reading. Bourdon tube gauges are widely used in the oil and gas industry, chemical processing, and manufacturing sectors, where accurate pressure monitoring is critical to maintaining safe and efficient operations. As a result, the Bourdon tube pressure gauge market has experienced continuous evolution in recent years, owing to the increased demand for precision measurement equipment and the need for reliable pressure monitoring in various industries. Moreover, the growing investments in research and development for manufacturing more sophisticated Bourdon tube pressure gauges are expected to boost market growth. However, the high maintenance cost and availability of alternative technologies can hamper the market growth in the upcoming years.
Europe, the Middle East, and the African region represent a highly developing Bourdon tube pressure gauges market owing to the massive expansion of end-user industries, the majority presence of product manufacturers, and stringent government norms for industrial safety. The latest data from Eurostat indicated an 8% increase in the production of manufactured goods in 2021 compared with 2020. Moreover, the heavy investments in industrial sectors with supportive government initiatives towards Industry 4.0 evolution have increased the demand for Bourdon tube pressure gauges in emerging economies of the Asia-Pacific region. The Americas is the major contributor to the Bourdon tube pressure gauge market attributed to the well-established oil & gas industry and one of the major crude oil producers. The rise in Bourdon tube pressure gauge products and service providers is accelerating their use in the Americas. The ongoing development of improved, cost-effective, and more efficient Bourdon tube pressure gauges can increase the adoption by the end-use industries and is expected to create lucrative opportunities for the growth of the Bourdon tube pressure gauge market worldwide.
Market Segmentation & Coverage:
This research report categorizes the Bourdon Tube Pressure Gauges Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across C-Type, Helical Type, and Spiral Type. The C-Type is projected to witness significant market share during forecast period.
Based on Product, market is studied across Chiller Version, High-Pressure Version, Industrial Version, Marine Version, Precision Version, and Safety Version. The Safety Version is projected to witness significant market share during forecast period.
Based on Application, market is studied across Absolute Pressure, Differential Pressure, and Relative Pressure. The Absolute Pressure is projected to witness significant market share during forecast period.
Based on Industry, market is studied across Agriculture, Energy & Utilities, and Manufacturing & Processing. The Energy & Utilities is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Bourdon Tube Pressure Gauges Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Bourdon Tube Pressure Gauges Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Bourdon Tube Pressure Gauges Market, highlighting leading vendors and their innovative profiles. These include AFRISO-EURO-INDEX GmbH, AMETEK, Inc., ARMANO Messtechnik GmbH, BKW Instruments Ltd., Bourdon-Haenni GmbH, British Rototherm Company LTD., Budenberg Gauge. Co. Ltd., Cole-Parmer Instrument Company, LLC (Antylia Scientific), Emerson Electric Co., FANTINELLI Srl, GTeek Ltd., Honeywell International Inc., Ingenieurbüro Heino Winter GmbH & Co. KG, KOBOLD Messring GmbH, Liam A. Barry (Engineering Supplies) Ltd., MGA Controls Ltd., Millennium Instruments Limited (MIEPL), NOSHOK, Inc., NUOVA FIMA SpA, Omega Engineering, Inc., Process Instrument Sales Limited, Radix Electrosystems Pvt. Ltd., S.M. Gauge Company Ltd, SIKA Dr. Siebert & Kühn GmbH & Co. KG, Trent Instruments Limited, Walter Stauffenberg GmbH & Co. KG, and WIKA Alexander Wiegand SE & Co. KG.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Bourdon Tube Pressure Gauges Market, by Type
7. Bourdon Tube Pressure Gauges Market, by Product
8. Bourdon Tube Pressure Gauges Market, by Application
9. Bourdon Tube Pressure Gauges Market, by Industry
10. Americas Bourdon Tube Pressure Gauges Market
11. Asia-Pacific Bourdon Tube Pressure Gauges Market
12. Europe, Middle East & Africa Bourdon Tube Pressure Gauges Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Bourdon Tube Pressure Gauges Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Bourdon Tube Pressure Gauges Market?
3. What is the competitive strategic window for opportunities in the Bourdon Tube Pressure Gauges Market?
4. What are the technology trends and regulatory frameworks in the Bourdon Tube Pressure Gauges Market?
5. What is the market share of the leading vendors in the Bourdon Tube Pressure Gauges Market?
6. What modes and strategic moves are considered suitable for entering the Bourdon Tube Pressure Gauges Market?
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