Market Overview:
The global pressure gauges market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for pressure gauges from various end-use industries, such as power industry, petrochemical industry, metallurgical industry, measurement, military machinery and laboratory. In addition, the growing demand for digital type pressure gauges is also contributing to the growth of this market. However, factors such as volatility in raw material prices and stringent government regulations are restraining the growth of this market. On basis of type, digital type pressure gauges are expected to witness higher growth than analog type pressure gauges during the forecast period from 2018 to 2030.
Product Definition:
A pressure gauge is a device used to measure the pressure of a fluid, such as air, water or oil.
The most common type of pressure gauge is the liquid-in-glass thermometer. This type contains a small glass tube with markings on it that indicate the pressure of the fluid in the tube. The higher the pressure, the further up on the scale the liquid will move.
Digital Type Pressure Gauges:
Digital type pressure gauges are used to measure the force, torque or applied pressure. It is a digital display instrument that can be easily mounted on any surface and has the ability to withstand high and low temperatures.
The growth factor for this market is due to its increasing adoption in industrial applications such as turbine speed monitoring, process control system etc., which require real-time data transmission for safety purposes.
Analog Type Pressure Gauges:
Analog type pressure gauges are used to measure the force, torque or angle of rotation. They can be easily connected to any analog system and provide accurate measurements.
These gauges are available in different forms such as diaphragm, membrane and mercury. Membrane type is mostly used for low-pressure applications while mercury is preferred for high-pressure applications due to their accuracy and stability over long periods of time.
Application Insights:
Petrochemical industry is expected to emerge as the fastest-growing application segment over the forecast period. The growth can be attributed to increasing demand for chemical products across the globe. Petrochemical industry has been witnessing significant development in recent years owing to technological advancements and new discoveries in various fields, such as shale gas, hydraulic fracturing, horizontal drilling and multiple well pads, advanced analytics & robotics etc. These factors are anticipated to boost product demand in near future.
Pressure gauges are used for measuring pressure within a petroleum or petrochemical system that controls processes such as fluid handling on wells or at production plants along with controlling equipment performance monitoring of valves and pipes connected with these systems which ensure efficient operations of these systems thereby contributing towards high product adoption rate among end-users operating within this sector globally.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth of this region is attributed to increasing government investments in infrastructure development projects and rising demand for pressure gauges from various industries such as power, petrochemical, metallurgical, measurement and laboratory.
The Asia Pacific regional market accounted for a revenue share of more than 30% in 2017 owing to the growing industrialization across emerging economies such as India and China. Moreover, factors such as rapid urbanization along with increased energy requirements are projected to drive product demand in this region over the next eight years.
Europe was estimated at USD X million in 2017 owing to high R&D investments by various companies coupled with technological advancements pertaining pressure sensors manufacturing processes used across different applications within Europe’s major industries including power generation, petrochemical industry etc.
Growth Factors:
- Increasing demand from the oil and gas industry for pressure gauges to monitor and control the pressure of fluids in pipelines
- Growing demand for pressure gauges in the chemical industry to monitor and control process parameters
- Rising popularity of smart sensors in pressure gauges that provide real-time data analytics
- Proliferation of Internet of Things (IoT) across industries, which is expected to drive adoption of wireless communication-enabled pressure gauges
- Stringent government regulations mandating use of calibrated and certified pressure gauges in critical applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Pressure Gauges Market Research Report
By Type
Digital Type Pressure Gauges, Analog Type Pressure Gauges
By Application
Power Industry, Petrochemical Industry, Metallurgical Industry, Measurement, Military Machinery, Laboratory, Transportation
By Companies
Ametek, OMEGA Engineering, Nuova Fima, SKF, Festo, Baumer, WIKA, Atlas Copco, Shcroft, GRAINGER, Ametek, Stewarts-USA, Stewarts, Fluke, Weiyida, Tecsis, MicroWatt, Adarsh Industries, Lutron Electronic Enterprise, Beijing Constable Instrument Technology, Shaanxi Creat Wit Technology, Shanghai Ying Yu Industrial
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
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Pressure Gauges Market Report Segments:
The global Pressure Gauges market is segmented on the basis of:
Types
Digital Type Pressure Gauges, Analog Type Pressure Gauges
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
Power Industry, Petrochemical Industry, Metallurgical Industry, Measurement, Military Machinery, Laboratory, Transportation
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:
- Ametek
- OMEGA Engineering
- Nuova Fima
- SKF
- Festo
- Baumer
- WIKA
- Atlas Copco
- Shcroft
- GRAINGER
- Ametek
- Stewarts-USA
- Stewarts
- Fluke
- Weiyida
- Tecsis
- MicroWatt
- Adarsh Industries
- Lutron Electronic Enterprise
- Beijing Constable Instrument Technology
- Shaanxi Creat Wit Technology
- Shanghai Ying Yu Industrial
Highlights of The Pressure Gauges 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:
- Digital Type Pressure Gauges
- Analog Type Pressure Gauges
- By Application:
- Power Industry
- Petrochemical Industry
- Metallurgical Industry
- Measurement
- Military Machinery
- Laboratory
- Transportation
- 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 Pressure Gauges 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.
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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?
A pressure gauge is a device used to measure the pressure of an atmosphere, gas, liquid or solid.
Some of the major companies in the pressure gauges market are Ametek, OMEGA Engineering, Nuova Fima, SKF, Festo, Baumer, WIKA, Atlas Copco, Shcroft, GRAINGER, Ametek, Stewarts-USA, Stewarts, Fluke, Weiyida, Tecsis, MicroWatt, Adarsh Industries, Lutron Electronic Enterprise, Beijing Constable Instrument Technology, Shaanxi Creat Wit Technology, Shanghai Ying Yu Industrial.
The pressure gauges market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pressure Gauges 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 Pressure Gauges Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Pressure Gauges 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 Pressure Gauges 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 Pressure Gauges Market Size & Forecast, 2018-2028 4.5.1 Pressure Gauges Market Size and Y-o-Y Growth 4.5.2 Pressure Gauges Market Absolute $ Opportunity
Chapter 5 Global Pressure Gauges 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 Pressure Gauges Market Size Forecast by Type
5.2.1 Digital Type Pressure Gauges
5.2.2 Analog Type Pressure Gauges
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Pressure Gauges 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 Pressure Gauges Market Size Forecast by Applications
6.2.1 Power Industry
6.2.2 Petrochemical Industry
6.2.3 Metallurgical Industry
6.2.4 Measurement
6.2.5 Military Machinery
6.2.6 Laboratory
6.2.7 Transportation
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pressure Gauges 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 Pressure Gauges 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 Pressure Gauges Analysis and Forecast
9.1 Introduction
9.2 North America Pressure Gauges 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 Pressure Gauges Market Size Forecast by Type
9.6.1 Digital Type Pressure Gauges
9.6.2 Analog Type Pressure Gauges
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 Pressure Gauges Market Size Forecast by Applications
9.10.1 Power Industry
9.10.2 Petrochemical Industry
9.10.3 Metallurgical Industry
9.10.4 Measurement
9.10.5 Military Machinery
9.10.6 Laboratory
9.10.7 Transportation
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 Pressure Gauges Analysis and Forecast
10.1 Introduction
10.2 Europe Pressure Gauges 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 Pressure Gauges Market Size Forecast by Type
10.6.1 Digital Type Pressure Gauges
10.6.2 Analog Type Pressure Gauges
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 Pressure Gauges Market Size Forecast by Applications
10.10.1 Power Industry
10.10.2 Petrochemical Industry
10.10.3 Metallurgical Industry
10.10.4 Measurement
10.10.5 Military Machinery
10.10.6 Laboratory
10.10.7 Transportation
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 Pressure Gauges Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Pressure Gauges 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 Pressure Gauges Market Size Forecast by Type
11.6.1 Digital Type Pressure Gauges
11.6.2 Analog Type Pressure Gauges
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 Pressure Gauges Market Size Forecast by Applications
11.10.1 Power Industry
11.10.2 Petrochemical Industry
11.10.3 Metallurgical Industry
11.10.4 Measurement
11.10.5 Military Machinery
11.10.6 Laboratory
11.10.7 Transportation
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 Pressure Gauges Analysis and Forecast
12.1 Introduction
12.2 Latin America Pressure Gauges 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 Pressure Gauges Market Size Forecast by Type
12.6.1 Digital Type Pressure Gauges
12.6.2 Analog Type Pressure Gauges
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 Pressure Gauges Market Size Forecast by Applications
12.10.1 Power Industry
12.10.2 Petrochemical Industry
12.10.3 Metallurgical Industry
12.10.4 Measurement
12.10.5 Military Machinery
12.10.6 Laboratory
12.10.7 Transportation
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) Pressure Gauges Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Pressure Gauges 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) Pressure Gauges Market Size Forecast by Type
13.6.1 Digital Type Pressure Gauges
13.6.2 Analog Type Pressure Gauges
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) Pressure Gauges Market Size Forecast by Applications
13.10.1 Power Industry
13.10.2 Petrochemical Industry
13.10.3 Metallurgical Industry
13.10.4 Measurement
13.10.5 Military Machinery
13.10.6 Laboratory
13.10.7 Transportation
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 Pressure Gauges Market: Competitive Dashboard
14.2 Global Pressure Gauges Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ametek
14.3.2 OMEGA Engineering
14.3.3 Nuova Fima
14.3.4 SKF
14.3.5 Festo
14.3.6 Baumer
14.3.7 WIKA
14.3.8 Atlas Copco
14.3.9 Shcroft
14.3.10 GRAINGER
14.3.11 Ametek
14.3.12 Stewarts-USA
14.3.13 Stewarts
14.3.14 Fluke
14.3.15 Weiyida
14.3.16 Tecsis
14.3.17 MicroWatt
14.3.18 Adarsh Industries
14.3.19 Lutron Electronic Enterprise
14.3.20 Beijing Constable Instrument Technology
14.3.21 Shaanxi Creat Wit Technology
14.3.22 Shanghai Ying Yu Industrial