Industrial Gauges Market with Current Trends Analysis, 2017-2027
Global Industrial Gauges Market: Drivers and Restraints
Industrial gauges are the requirement for industries where pressure and temperature are critical parameters. The growing industrialisation is one of the factors driving the consumption of industrial gauges. The growing requirement for suitable pressure measurement for liquid or gaseous media which can otherwise obstruct the manufacturing systems drives the global industrial gauges market. The industrial gauges market is primarily a B2B market, wherein the industrial gauge profit margin is dependent upon various factors such as minimum order quantity, transportation etc. The government regulations for the machinery and control equipments usage in an industry also drive the global industrial gauges market to a great extent. This is because in most of the cases, in an industries wherein large amount of equipment such as boiler, condenser, pumps etc. are employed and requires a specific amount of control, operators try to control the systems by employing less no. of gauges in order to save the costs. Thus, strict regulation towards control and measurement equipment drives the global industrial gauges market. Furthermore, the after service market of the industrial gauges is also influenced by the sale of industrial gauges.
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Global Industrial Gauges Market: Segmentation
On the basis of gauge type, industrial gauges market can be segmented as follows:-
On the basis of application, industrial gauges market can be segmented as follows:-
On the basis of end-use industry, industrial gauges market can be segmented as follows:-
Global Industrial Gauges Market: Region wise Outlook
The global industrial gauges market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and the Middle East and Africa (MEA). The North America and Western Europe accounts major share in the global industrial gauges market. This is attributed to the presence of vast manufacturing bases such as chemical, food, diary, paper & pulp etc. which requires industrial gauges in the manufacturing plants. In APEJ region, the industrial gauges market is expected to get a boost with the western companies shifting their manufacturing facilities in the region owing to the favourable factors of cheap labour and raw material resources. The MEA industrial gauges market is majorly driven by the oil and gas industries. The petroleum refineries are the prime areas where pressure and temperature gauges are widely employed.
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Global Industrial Gauges Market: Key Players
Some of the prominent players identified in the global industrial gauges market include:
ENFM USA. Inc
Pyrosales Pty Ltd
WIKA Instrument, LP
Winters Instruments Limited
KOBOLD Messring GmbH
Baumer Holding AG
Granville - Phillips Company
H.O. Trerice Co.
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