Pressure Gauge Market Size, Share, Trends Analysis, Growth, Report 2023-2028

Global Pressure Gauge Market Overview 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Pressure Gauge Market 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.

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.

A pressure gauge serves as a precise measuring device that gauges the force of gases, liquids, or steam within an enclosed system. Crafted from top-notch materials like stainless steel and diverse corrosion-resistant alloys, it guarantees durability against varying environmental conditions. Sporting a display, either analog or digital, marked with calibrated units like pounds per square inch (psi), bar, or kilopascals (kPa), it facilitates straightforward interpretation of pressure values for operators. Diverse in design and type, it is customized to suit specific applications and pressure thresholds. This instrument offers real-time information about pressure levels, ensuring the effective operation of machinery and equipment. By averting pressure-related accidents and equipment malfunctions, it upholds optimal working conditions. Its utility spans various domains, including aviation, where it monitors cabin pressure and oversees hydraulic and fuel pressure to ensure safety and efficiency. Moreover, it plays a crucial role in the oil and gas sector by overseeing fluid pressure in pipelines, wellheads, and storage tanks.

Global Pressure Gauge Market Trends and Drivers:

The market is experiencing growth primarily due to the heightened focus on workplace safety within high-risk environments like chemical plants and oil refineries. Furthermore, the integration of digital technology into pressure gauges for remote monitoring and data analysis is a significant factor driving the market forward. The healthcare sector's increased use of pressure gauges to enhance the efficiency of anesthesia delivery systems and laboratory equipment is also contributing to market growth. Additionally, the global adoption of smart pressure gauges is facilitated by the rising use of internet of things (IoT) devices for real-time data analysis, predictive maintenance, and process optimization. The market is further propelled by the growing demand for pressure gauges equipped with efficient features to ensure safety and compliance with industry-specific standards and certifications. Moreover, the integration of pressure gauges into broader control systems for seamless monitoring and control of various parameters in industrial processes is playing a vital role in boosting market growth.

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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