Global Pressure Gauge Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Pressure gauge Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Pressure gauge market trends, size, share, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
A pressure gauge serves as a mechanical device employed for the purpose of quantifying and presenting the pressure of a fluid inside a given system. It furnishes a visual representation of pressure in units such as pounds per square inch (psi), bar, pascal (Pa), or other applicable pressure metrics contingent on the specific use and context. Available in a diverse array of designs, dimensions, and pressure thresholds, pressure gauges find utility across a broad spectrum of industries, encompassing manufacturing, oil and gas, chemical processing, HVAC systems, and the automotive sector.
The global pressure gauge market size reached US$ 879.9 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,100.6 Million by 2028, exhibiting a growth rate (CAGR) of 2.9% during 2023-2028.
Global Pressure Gauge Market Trends and Drivers:
Pressure gauges play a pivotal role in the oil and gas industry, where they are utilized to oversee pressure levels within pipelines, wellheads, and processing equipment. This serves to maintain the optimal pressure conditions necessary for efficient production, as well as to promptly identify leaks and avert potentially hazardous overpressure situations. Such applications constitute a leading catalyst for the global market's expansion. Additionally, the increasing deployment of pressure gauges in manufacturing processes, particularly in hydraulic and pneumatic systems, to ensure that machinery operates within prescribed pressure parameters, is further propelling market growth. Furthermore, the burgeoning adoption of pressure gauges in various types of power plants, including thermal, nuclear, and hydroelectric facilities, for the monitoring of steam and water pressures within boilers and turbines, is exerting a favorable influence on the market's development.
Global Pressure Gauge Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: AMETEK Inc., Badotherm, CIRCOR International Inc., Crane Co., Dwyer Instruments Inc., Emerson Electric Co., Fluke Corporation (Fortive Corporation), Honeywell International Inc., Newbow Aerospace Ltd., OMEGA Engineering Inc. (Spectris plc), QED Aerospace, WIKA Alexander Wiegand SE Co. KG and Winters Instruments Limited.
The report segmented the market on the basis of region, output type, technology and application.
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
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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