Market Overview:
The global high precision digital pressure gauges market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for high precision digital pressure gauges from various end-use industries, such as power industry, petrochemical industry, metallurgical industry and measurement industry. In addition, the growing demand for military machinery is also contributing to the growth of this market.
Product Definition:
A high precision digital pressure gauge is an instrument that measures and displays the pressure of a gas or liquid. These gauges are typically used in laboratory settings, where accuracy and precision are important. High precision digital pressure gauges can measure pressures as low as 0.0001 psi (pounds per square inch) and as high as 10,000 psi.
±0.05% of span:
The global high precision digital pressure gauges market size was valued at USD 8,716.1 million in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to factors such as increasing demand for consumer goods, technological advancements in manufacturing processes, and rising industrial automation across various industries including automotive & transportation and oil & gas among others.
±0.02% of span:
The ±0.02% of span and it's usage in High Precision Digital Pressure Gauges market is a significant factor to be considered while developing new products or modifying the existing ones. The pressure gauge accuracy is largely dependent on the type of sensor used, which can be either an internal or an external one.
Application Insights:
Based on the application, the global market has been segmented into power industry, petrochemical industry, metallurgical industry, measurement and military machinery. The power industry is expected to be one of the prominent segments over the forecast period owing to its critical applications in generating stations and other energy infrastructure. The need for high precision digital pressure gauges has been increasing in order to measure pressures within 0.01% of span as per international standards for accuracy and resolution. Petrochemical industries are also major consumers of these products due to their high level of industrialization along with rapid urbanization leading to increased demand for construction materials such as steel & aluminum alloys across various regions worldwide including North America, Europe and Asia Pacific countries.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well. This can be attributed to increasing government funding for research and development activities, technological advancements, and high disposable income of consumers in developed economies such as U.S., Canada, and Mexico.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising demand from end-use industries such as metallurgy & mining, power industry, petrochemical industry for high precision digital pressure gauges equipment with higher accuracy levels coupled with low maintenance cost as compared to analog gauge systems. Moreover it has been observed that majority of manufacturers are Chinese companies who have penetrated into almost all sectors including automotive sector which has increased their revenue visibility in this region significantly driving product demand from last few years especially since 2012 when China entered into World Trade Organization (WTO).
Growth Factors:
- Increasing demand for high precision digital pressure gauges from the automotive and aerospace industries due to the need for accurate and reliable pressure measurements.
- Growing popularity of smart sensors and the Internet of Things (IoT) that is helping to drive demand for high precision digital pressure gauges in a number of industrial applications.
- Rising investments in research and development by leading players to develop new products and technologies that can help boost growth in the high precision digital pressure gauge market.
- Increasing awareness about the benefits of using high precision digital pressure gauges among end-users, which is helping to propel market growth globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
High Precision Digital Pressure Gauges Market Research Report
By Type
±0.05% of span, ±0.02% of span, ±0.25% of span
By Application
Power Industry, Petrochemical Industry, Metallurgical industry, Measurement, Military Machinery
By Companies
GE, Ashcroft, OMEGA, AMETEK, NOSHOK, KELLER, Fluke, Honeywell, Additel, Winters, Meriam, WIKA, BD|SENSORS, Absolute, FUKUDA, Microwatt, American Sensor, Tecsis, Automation Products, STAUFF, ADARSH, LUTRON, Const, Creat Wit, Yingyu, Beijing Brighty, Anson
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global High Precision Digital Pressure Gauges Market Report Segments:
The global High Precision Digital Pressure Gauges market is segmented on the basis of:
Types
±0.05% of span, ±0.02% of span, ±0.25% of span
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
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:
- GE
- Ashcroft
- OMEGA
- AMETEK
- NOSHOK
- KELLER
- Fluke
- Honeywell
- Additel
- Winters
- Meriam
- WIKA
- BD|SENSORS
- Absolute
- FUKUDA
- Microwatt
- American Sensor
- Tecsis
- Automation Products
- STAUFF
- ADARSH
- LUTRON
- Const
- Creat Wit
- Yingyu
- Beijing Brighty
- Anson
Highlights of The High Precision Digital 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:
- ±0.05% of span
- ±0.02% of span
- ±0.25% of span
- By Application:
- Power Industry
- Petrochemical Industry
- Metallurgical industry
- Measurement
- Military Machinery
- 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 High Precision Digital 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?
High precision digital pressure gauges are designed to provide accurate readings in a variety of industrial and scientific applications. These gauges typically feature high-resolution displays and advanced sensors that allow for precise measurements in a wide range of pressures. They can be used to monitor pressure levels in various systems, including pipelines, manufacturing plants, and research labs.
Some of the key players operating in the high precision digital pressure gauges market are GE, Ashcroft, OMEGA, AMETEK, NOSHOK, KELLER, Fluke, Honeywell, Additel, Winters, Meriam, WIKA, BD|SENSORS, Absolute, FUKUDA, Microwatt, American Sensor, Tecsis, Automation Products, STAUFF, ADARSH, LUTRON, Const, Creat Wit, Yingyu, Beijing Brighty, Anson.
The high precision digital pressure gauges market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. High Precision Digital Pressure Gauges Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. High Precision Digital Pressure Gauges Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. High Precision Digital Pressure Gauges Market - Supply Chain
4.5. Global High Precision Digital Pressure Gauges Market Forecast
4.5.1. High Precision Digital Pressure Gauges Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. High Precision Digital Pressure Gauges Market Size (000 Units) and Y-o-Y Growth
4.5.3. High Precision Digital Pressure Gauges Market Absolute $ Opportunity
5. Global High Precision Digital Pressure Gauges Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. High Precision Digital Pressure Gauges Market Size and Volume Forecast by Type
5.3.1. ±0.05% of span
5.3.2. ±0.02% of span
5.3.3. ±0.25% of span
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global High Precision Digital Pressure Gauges Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. High Precision Digital Pressure Gauges Market Size and Volume Forecast by Application
6.3.1. Power Industry
6.3.2. Petrochemical Industry
6.3.3. Metallurgical industry
6.3.4. Measurement
6.3.5. Military Machinery
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global High Precision Digital Pressure Gauges Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. High Precision Digital Pressure Gauges Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global High Precision Digital Pressure Gauges Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. High Precision Digital Pressure Gauges Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global High Precision Digital Pressure Gauges Demand Share Forecast, 2019-2026
9. North America High Precision Digital Pressure Gauges Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America High Precision Digital Pressure Gauges Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America High Precision Digital Pressure Gauges Market Size and Volume Forecast by Application
9.4.1. Power Industry
9.4.2. Petrochemical Industry
9.4.3. Metallurgical industry
9.4.4. Measurement
9.4.5. Military Machinery
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America High Precision Digital Pressure Gauges Market Size and Volume Forecast by Type
9.7.1. ±0.05% of span
9.7.2. ±0.02% of span
9.7.3. ±0.25% of span
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America High Precision Digital Pressure Gauges Demand Share Forecast, 2019-2026
10. Latin America High Precision Digital Pressure Gauges Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America High Precision Digital Pressure Gauges Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America High Precision Digital Pressure Gauges Market Size and Volume Forecast by Application
10.4.1. Power Industry
10.4.2. Petrochemical Industry
10.4.3. Metallurgical industry
10.4.4. Measurement
10.4.5. Military Machinery
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America High Precision Digital Pressure Gauges Market Size and Volume Forecast by Type
10.7.1. ±0.05% of span
10.7.2. ±0.02% of span
10.7.3. ±0.25% of span
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America High Precision Digital Pressure Gauges Demand Share Forecast, 2019-2026
11. Europe High Precision Digital Pressure Gauges Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe High Precision Digital Pressure Gauges Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe High Precision Digital Pressure Gauges Market Size and Volume Forecast by Application
11.4.1. Power Industry
11.4.2. Petrochemical Industry
11.4.3. Metallurgical industry
11.4.4. Measurement
11.4.5. Military Machinery
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe High Precision Digital Pressure Gauges Market Size and Volume Forecast by Type
11.7.1. ±0.05% of span
11.7.2. ±0.02% of span
11.7.3. ±0.25% of span
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe High Precision Digital Pressure Gauges Demand Share, 2019-2026
12. Asia Pacific High Precision Digital Pressure Gauges Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific High Precision Digital Pressure Gauges Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific High Precision Digital Pressure Gauges Market Size and Volume Forecast by Application
12.4.1. Power Industry
12.4.2. Petrochemical Industry
12.4.3. Metallurgical industry
12.4.4. Measurement
12.4.5. Military Machinery
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific High Precision Digital Pressure Gauges Market Size and Volume Forecast by Type
12.7.1. ±0.05% of span
12.7.2. ±0.02% of span
12.7.3. ±0.25% of span
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific High Precision Digital Pressure Gauges Demand Share, 2019-2026
13. Middle East & Africa High Precision Digital Pressure Gauges Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa High Precision Digital Pressure Gauges Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa High Precision Digital Pressure Gauges Market Size and Volume Forecast by Application
13.4.1. Power Industry
13.4.2. Petrochemical Industry
13.4.3. Metallurgical industry
13.4.4. Measurement
13.4.5. Military Machinery
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa High Precision Digital Pressure Gauges Market Size and Volume Forecast by Type
13.7.1. ±0.05% of span
13.7.2. ±0.02% of span
13.7.3. ±0.25% of span
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa High Precision Digital Pressure Gauges Demand Share, 2019-2026
14. Competition Landscape
14.1. Global High Precision Digital Pressure Gauges Market: Market Share Analysis
14.2. High Precision Digital Pressure Gauges Distributors and Customers
14.3. High Precision Digital Pressure Gauges Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Ashcroft
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. OMEGA
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. AMETEK
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. NOSHOK
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. KELLER
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Fluke
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Honeywell
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Additel
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Winters
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Meriam
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. WIKA
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. BD|SENSORS
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Absolute
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. FUKUDA
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Microwatt
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. American Sensor
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Tecsis
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Automation Products
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. STAUFF
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
