Market Overview:
The global stainless steel 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 stainless steel pressure gauges from various end-use industries, such as biotechnology, chemical, food processing, petrochemical industries and oil refining industries. In addition, the growing demand for panel mount type stainless steel pressure gauges is also contributing to the growth of this market. However, factors such as high installation and maintenance costs may restrain the growth of this market during the forecast period.
Product Definition:
Stainless steel pressure gauges are instruments used to measure the pressure of a fluid or gas. They have a Bourdon tube, which is filled with liquid, and as the pressure increases, the liquid inside the tube expands. This movement is converted into an electrical signal that can be read on a gauge or displayed on a computer screen. Stainless steel pressure gauges are important because they allow us to measure and monitor pressures in many different industrial applications, from air compressors to hydraulic systems.
Lower Mount:
Lower mount is the lowest point on a body which can be used to secure an instrument or device. In pressure gauges, it is used for mounting the sensor and fluid connection. On account of its advantages such as low cost & weight, easy installation and maintenance; lower mount has become one of the essential parts in industrial instruments.
Back Mount:
Back mount is a method of mounting pressure gauges on the wall or ceiling. It's an easy and quick way to display information, but it can be expensive if not done right. There are various types of back mounts such as drywall, tile, wood panel, metal panel and pipe. The most common type used in stainless steel pressure gauges is tile back mount because it's easily available at any home improvement store for very low price compared to other types.
Application Insights:
The biotechnology segment dominated the global stainless steel pressure gauges market in terms of revenue share in 2017. The chemical industry is one of the largest end-users of these devices as they offer accurate and consistent measurements under varying conditions. They are widely used for monitoring process pressures within petrochemical industries, oil refineries, pharmaceuticals and food processing plants among other industries.
In recent years, there has been a rise in demand for bioprocessing equipment across several research institutions and laboratories worldwide due to increasing government funding for genetic engineering studies related to crops & animals as well as human diseases. This has led to an increase in product demand from various sectors such as food & beverage processing along with medical applications such as blood glucose testing strips & lancets among others which include immunization against diseases including chickenpox & measles using antigenic proteins extracted from cattle genes or viruses respectively.
Regional Analysis:
Asia Pacific dominated the global stainless steel pressure gauges market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global population, industrial output, GDP growth rate and exports. China is one of the largest consumers as well as producers of oil & gas globally. It also has a strong presence in pharmaceuticals, food processing and Petrochemical industries owing to high domestic demand coupled with low manufacturing cost compared to other countries in North America or Europe.
The Asia Pacific market was followed by Europe that accounted for 20% share of total revenue in 2017 on account rising awareness regarding health & safety standards at work place coupled with stringent government regulations pertaining to workplace fatalities due to lack of safety equipment like protective gloves or personal Protective Clothing (PPE).
Growth Factors:
- Increasing demand from the process industries for accurate and reliable pressure measurements
- Growing popularity of stainless steel pressure gauges in critical applications, such as hydraulic systems and fuel injection systems
- Technological advancements that have led to the development of more sophisticated and reliable pressure gauges
- Rising demand for stainless steel pressure gauges in Asia Pacific due to the growth of industrialization and urbanization in this region
- The increasing use of smart sensors and wireless technology in pressure gauge applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Stainless Steel Pressure Gauges Market Research Report
By Type
Lower Mount, Back Mount, Panel Mount
By Application
Biotechnology, Chemical, Food Processing, Petrochemical Industries, Oil Refining Industries
By Companies
Wika Instrumentation, Instruments and Gauges Electronics, 3D Instruments, NOSHOK, OMEGA Engineering, Ashford Instrumentation, Ashcroft, Adarsh Industries, Tel-Tru
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Stainless Steel Pressure Gauges Market Report Segments:
The global Stainless Steel Pressure Gauges market is segmented on the basis of:
Types
Lower Mount, Back Mount, Panel Mount
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
Biotechnology, Chemical, Food Processing, Petrochemical Industries, Oil Refining Industries
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:
- Wika Instrumentation
- Instruments and Gauges Electronics
- 3D Instruments
- NOSHOK
- OMEGA Engineering
- Ashford Instrumentation
- Ashcroft
- Adarsh Industries
- Tel-Tru
Highlights of The Stainless Steel 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:
- Lower Mount
- Back Mount
- Panel Mount
- By Application:
- Biotechnology
- Chemical
- Food Processing
- Petrochemical Industries
- Oil Refining Industries
- 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 Stainless Steel 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.
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?
Stainless steel pressure gauges are used to measure the pressure inside a container or system. They are often used in industrial and scientific applications, where accurate measurements of pressure are important.
Some of the major players in the stainless steel pressure gauges market are Wika Instrumentation, Instruments and Gauges Electronics, 3D Instruments, NOSHOK, OMEGA Engineering, Ashford Instrumentation, Ashcroft, Adarsh Industries, Tel-Tru.
The stainless steel pressure gauges market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Stainless Steel 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. Stainless Steel 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. Stainless Steel Pressure Gauges Market - Supply Chain
4.5. Global Stainless Steel Pressure Gauges Market Forecast
4.5.1. Stainless Steel Pressure Gauges Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Stainless Steel Pressure Gauges Market Size (000 Units) and Y-o-Y Growth
4.5.3. Stainless Steel Pressure Gauges Market Absolute $ Opportunity
5. Global Stainless Steel 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. Stainless Steel Pressure Gauges Market Size and Volume Forecast by Type
5.3.1. Lower Mount
5.3.2. Back Mount
5.3.3. Panel Mount
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Stainless Steel 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. Stainless Steel Pressure Gauges Market Size and Volume Forecast by Application
6.3.1. Biotechnology
6.3.2. Chemical
6.3.3. Food Processing
6.3.4. Petrochemical Industries
6.3.5. Oil Refining Industries
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Stainless Steel 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. Stainless Steel 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 Stainless Steel 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. Stainless Steel 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 Stainless Steel Pressure Gauges Demand Share Forecast, 2019-2029
9. North America Stainless Steel 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 Stainless Steel 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 Stainless Steel Pressure Gauges Market Size and Volume Forecast by Application
9.4.1. Biotechnology
9.4.2. Chemical
9.4.3. Food Processing
9.4.4. Petrochemical Industries
9.4.5. Oil Refining Industries
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Stainless Steel Pressure Gauges Market Size and Volume Forecast by Type
9.7.1. Lower Mount
9.7.2. Back Mount
9.7.3. Panel Mount
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 Stainless Steel Pressure Gauges Demand Share Forecast, 2019-2029
10. Latin America Stainless Steel 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 Stainless Steel 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 Stainless Steel Pressure Gauges Market Size and Volume Forecast by Application
10.4.1. Biotechnology
10.4.2. Chemical
10.4.3. Food Processing
10.4.4. Petrochemical Industries
10.4.5. Oil Refining Industries
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Stainless Steel Pressure Gauges Market Size and Volume Forecast by Type
10.7.1. Lower Mount
10.7.2. Back Mount
10.7.3. Panel Mount
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 Stainless Steel Pressure Gauges Demand Share Forecast, 2019-2029
11. Europe Stainless Steel 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 Stainless Steel 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 Stainless Steel Pressure Gauges Market Size and Volume Forecast by Application
11.4.1. Biotechnology
11.4.2. Chemical
11.4.3. Food Processing
11.4.4. Petrochemical Industries
11.4.5. Oil Refining Industries
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Stainless Steel Pressure Gauges Market Size and Volume Forecast by Type
11.7.1. Lower Mount
11.7.2. Back Mount
11.7.3. Panel Mount
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 Stainless Steel Pressure Gauges Demand Share, 2019-2029
12. Asia Pacific Stainless Steel 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 Stainless Steel 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 Stainless Steel Pressure Gauges Market Size and Volume Forecast by Application
12.4.1. Biotechnology
12.4.2. Chemical
12.4.3. Food Processing
12.4.4. Petrochemical Industries
12.4.5. Oil Refining Industries
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Stainless Steel Pressure Gauges Market Size and Volume Forecast by Type
12.7.1. Lower Mount
12.7.2. Back Mount
12.7.3. Panel Mount
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 Stainless Steel Pressure Gauges Demand Share, 2019-2029
13. Middle East & Africa Stainless Steel 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 Stainless Steel 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 Stainless Steel Pressure Gauges Market Size and Volume Forecast by Application
13.4.1. Biotechnology
13.4.2. Chemical
13.4.3. Food Processing
13.4.4. Petrochemical Industries
13.4.5. Oil Refining Industries
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Stainless Steel Pressure Gauges Market Size and Volume Forecast by Type
13.7.1. Lower Mount
13.7.2. Back Mount
13.7.3. Panel Mount
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 Stainless Steel Pressure Gauges Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Stainless Steel Pressure Gauges Market: Market Share Analysis
14.2. Stainless Steel Pressure Gauges Distributors and Customers
14.3. Stainless Steel Pressure Gauges Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Wika Instrumentation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Instruments and Gauges Electronics
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. 3D Instruments
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. NOSHOK
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. OMEGA Engineering
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ashford Instrumentation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Ashcroft
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Adarsh Industries
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Tel-Tru
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
