Market Overview:
The Global Penning Gauge Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for penning gauges in laboratory and industrial applications. Additionally, the growing demand for magnetron penning gauges is also contributing to the market growth. However, factors such as high cost of magnetron penning gauges and limited availability are restraining the market growth. On the basis of type, ordinary penning gauge held a major share of the global market in 2017 and is expected to maintain its dominance during the forecast period from 2018 to 2030. This can be attributed to its low cost as compared with other types of penning gauges available in the market.
Product Definition:
A penning gauge is a device used to measure the pressure of a gas. It consists of two metal plates that are placed close together and then connected to a voltage source. When the gas is introduced between the plates, it creates an electric current, which can be measured and used to calculate the pressure of the gas.
Ordinary Penning Gauge:
An ordinary penning gauge is a device used to measure the depth of liquid in a vessel. It works on the principle of suction and discharge into an open container. The greater the depth, the more will be collected in terms of liquidity or amount outstanding.
The global ordinary penning gauge market size was valued at USD 1,849.7 million in 2016.
Magnetron Penning Gauge:
A magnetron penning gauge is a device used to measure the flow rate of liquid in a container. It works on the principle of electromagnetic attraction and repulsion between two charged particles (electrons and ions) present in the liquid. The particle separation takes place due to charging difference, which creates an electric field inside the container that attracts some particles towards one end and repells other particles towards another end of the tube.
Application Insights:
The industrial application segment accounted for the largest revenue share of over 60% in 2017. The segment is expected to witness significant growth owing to rising demand from various industries such as oil & gas, chemical, food processing and paper. Penning gauge is used for measuring liquid volume in bulk containers and it plays a major role in packaging solutions offered by these industries.
Laboratory applications are also anticipated to witness significant growth during the forecast period on account of increasing R&D activities across various sectors such as pharmaceuticals, biotechnology and food & beverages among others. These applications require accurate measurement of small volumes which penning gauges provide with ease resulting in increased product adoption across different laboratories globally.
Regional Analysis:
North America penning gauge market is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing R&D activities and high healthcare expenditure in the region. In addition, rising number of clinical trials in U.S., which requires Penning gauge for handling various chemicals is also one of the major factors driving this regional market.
Europe penning gauge market accounted for more than 25% share in 2016 owing to growing pharmaceutical industry coupled with stringent government regulations pertaining safety and quality standards required during manufacturing processes using different types of gauges, such as magnetic stirring bar and ordinary penning gauges. Asia Pacific is anticipated to witness lucrative CAGR over the forecast period due to rapid industrialization along with expansion of chemical & petrochemical industries resulting into increased need for research equipment such as magnetron pensing gauges used during chemical reactions process leading towards industrial production processes). Moreover, presence of key manufacturers including Anritsu Corporation; Yokogawa Electric Co.
Growth Factors:
- Increasing demand for precision measurement in various industries
- Growing popularity of smart manufacturing and Industry 4.0
- Rising adoption of Penning Gauges for R&D and quality control purposes
- Proliferation of online shopping and increasing demand for e-commerce packaging solutions
- Technological advancements in Penning Gauge design and functionality
Scope Of The Report
Report Attributes
Report Details
Report Title
Penning Gauge Market Research Report
By Type
Ordinary Penning Gauge, Magnetron Penning Gauge
By Application
Laboratory, Industrial, Others
By Companies
Inficon, Edwards, ALFA TECHNOVAC LLP, JEOL Ltd., ReBorn, Infitech
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Penning Gauge Market Report Segments:
The global Penning Gauge market is segmented on the basis of:
Types
Ordinary Penning Gauge, Magnetron Penning Gauge
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Laboratory, Industrial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Inficon
- Edwards
- ALFA TECHNOVAC LLP
- JEOL Ltd.
- ReBorn
- Infitech
Highlights of The Penning Gauge Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ordinary Penning Gauge
- Magnetron Penning Gauge
- By Application:
- Laboratory
- Industrial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Penning Gauge Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The penning gauge is a tool used to measure the amount of liquid that can be drawn from a well.
Some of the major players in the penning gauge market are Inficon, Edwards, ALFA TECHNOVAC LLP, JEOL Ltd., ReBorn, Infitech.
The penning gauge market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Penning Gauge Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Penning Gauge Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Penning Gauge Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Penning Gauge Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Penning Gauge Market Size & Forecast, 2020-2028
4.5.1 Penning Gauge Market Size and Y-o-Y Growth
4.5.2 Penning Gauge Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Ordinary Penning Gauge
5.2.2 Magnetron Penning Gauge
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Laboratory
6.2.2 Industrial
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Penning Gauge Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Penning Gauge Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Ordinary Penning Gauge
9.6.2 Magnetron Penning Gauge
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Laboratory
9.10.2 Industrial
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Ordinary Penning Gauge
10.6.2 Magnetron Penning Gauge
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Laboratory
10.10.2 Industrial
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Ordinary Penning Gauge
11.6.2 Magnetron Penning Gauge
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Laboratory
11.10.2 Industrial
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Ordinary Penning Gauge
12.6.2 Magnetron Penning Gauge
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Laboratory
12.10.2 Industrial
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Ordinary Penning Gauge
13.6.2 Magnetron Penning Gauge
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Laboratory
13.10.2 Industrial
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Penning Gauge Market: Competitive Dashboard
14.2 Global Penning Gauge Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Inficon
14.3.2 Edwards
14.3.3 ALFA TECHNOVAC LLP
14.3.4 JEOL Ltd.
14.3.5 ReBorn
14.3.6 Infitech
