Global Pressure Gauge Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Pressure Gauge Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Pressure gauge refers to the use of elastic components as sensitive components to measure and indicate higher than ambient pressure. The application is extremely common, and it is used in almost all industrial processes and scientific research fields. It can be seen everywhere in the field of heat pipe network, oil and gas transmission, water supply and gas supply system, vehicle maintenance and repair shop, etc.

Market Overview:

The latest research study on the global Pressure Gauge market finds that the global Pressure Gauge market reached a value of USD 1565.5 million in 2022. It’s expected that the market will achieve USD 1827.15 million by 2028, exhibiting a CAGR of 2.61% during the forecast period.

Growing need to maximize production yield

Growing need to maximize production yield is one of the major factors driving the global industrial pressure measurement product services market. The process and discrete industries across all geographies are striving to maximize their production yield by reducing downtime. The reduction of downtime can be achieved by proper maintenance of the equipment. Calibration of the equipment assures that it is ready to be used in industrial facilities. Apart from this, it also helps to maximize industrial capabilities and reduce downtime which adds to the costs for company and delays the production process. The need to maximize production yield has encouraged industries to invest in industrial pressure measurement product services.

Intense competition due to price sensitivity

One of the challenges in the market is high competition due to price sensitivity. The presence of numerous suppliers in the global pressure measurement product services market affects the pricing of services offered by different vendors. The pricing offered by most vendors is similar to that of competitors.

Request for safety of equipment and personnel

The industrial pressure measurement product services market in the Americas occupied approximately 37% of the market share in 2017. Safety of equipment and personnel has been the key priority in the end-user industries in the Americas. Therefore, the requirement for calibration, commissioning, and replacement is increasing, resulting in the need for industrial pressure measurement product services. The Americas was followed by the EMEA and APAC in terms of market share.

Growing demand in emerging economies.

In the automotive, healthcare and industrial sectors, Asia Pacific accounted for 34.8% of total revenue in 2017. The growing demand for research technology and emerging industries in emerging economies such as China, South Korea and India is expected to stimulate regional demand for these pressure gauges. The growth of the Brazilian industrial sector is expected to be the main driver of economic growth in Latin America.

Region Overview:

North Am is projected to account for a considerable share of the Pressure Gauge market and is expected to become the largest region by 2028.

Company Overview:

Nagano Keiki Co., Ltd. is one of the major players operating in the Pressure Gauge market, holding a share of 11.62% in 2023.

Nagano Keiki Co., Ltd.

NAGANO KEIKI CO., LTD. manufactures measuring instruments such as pressure gauges, transmitters, and temperature gauges primarily used for automobiles. The Company also makes equipment for the semiconductor industry, such as pressure regulators, transducers, digital pressure gauges, and power supplies.

WIKA Alexander Wiegand Beteiligungs-GmbH

Over the past 60 years WIKA has built a reputation as a renowned partner and competent specialist for any task in the field of measurement technology. On the basis of steadily growing efficiency, innovative technologies are applied when developing new products and system solutions.

Segmentation Overview:

By type, Aneroid Gauges segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Industrial Processes segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Pressure Gauge market covered in Chapter 3:

SIKA Dr. Siebert & Kühn GmbH & Co. K
Dwyer Instruments, Inc.
Tel-Tru Manufacturing Co.
WIKA Alexander Wiegand Beteiligungs-GmbH
Badotherm
Manfred Junemann Mess- und Regeltechnik GmbH
Winters Instruments
AMETEK, Inc.
Marsh Bellofram
Nagano Keiki Co., Ltd.
Fluke Corporation
Nuova Fima Group
OMEGA Engineering, Inc.
KELLER AG für Druckmesstechnik

In Chapter 4 and Chapter 14.2, on the basis of types, the Pressure Gauge market from 2018 to 2029 is primarily split into:

Hydrostatic Gauges
Aneroid Gauges
Spinning-rotor Gauges

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Pressure Gauge market from 2018 to 2029 covers:

Industrial Processes
Research Areas
Oil and Gas Transmission
Water Supply System
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)