Bottom Article Ad

Wednesday, February 16, 2022

Global Pressure Gauge Market to be Driven by Technical Advancement in the Forecast Period of 2022-2027

The new report by Expert Market Research titled, ‘Global Pressure Gauge Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global pressure gauge market, assessing the market based on its segments like output types, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Request a free sample copy in PDF or view the report summary@

The key highlights of the report include:

Market Overview (2017-2027)

  • Forecast CAGR (2022-2027): 3.5%

The aerospace industry's use of pressure gauges is fueling market expansion as it is critical to precisely measure the operating range of engines to enable effective maintenance and operations. Furthermore, the need to identify oil pressures in airplanes to avoid high-temperature conditions and excessive friction is driving up demand for analogue pressure gauges, which is boosting industry growth. Furthermore, the increased deployment of fuel pressure gauges that can warn of any potential risk is augmenting demand for pressure gauges.

The extensive use of pressure gauges, such as gas-based and oil-based systems, is expected to boost the demand for pressure gauges. Furthermore, the need to measure pressure in industrial products such as water heaters, gas cylinders, and fire extinguishers is anticipated to increase the demand for pressure gauges.

Industry Definition and Major Segments

A pressure gauge is a device that measures the fluid intensity of liquids or gases. It checks the pressure of a device or piece of machinery to guarantee uniformity and prevent machine leaks. It is used in a variety of industrial applications because it is essential for adjusting, setting, and constructing fluid power devices and systems.

The output types of pressure gauge in the industry are analogue and digital. The application segments of pressure gauge in the market are aviation and defence, automotive, healthcare, and energy, among others.

Explore the full report with the table of contents@

Market Trends

One of the primary factors driving the worldwide pressure gauge market is the growing desire to maximise production yield. Process and discrete sectors in all geographies are attempting to reduce downtime in order to increase production yield. The decrease of downtime can be achieved by effective equipment maintenance, thus pushing the demand for pressure gauge. The ongoing COVID-19 epidemic is pushing the demand for ventilators, since patients in extreme situations require machine-assisted breathing. During the projection period, this is expected to generate parallel demand for digital pressure gauges from medical device OEMs.

The development of corrosion-resistant pressure gauges for use in harsh environments, such as the petrochemical, power, and energy industries, among others, is expected to increase demand, thereby, fueling market expansion. Furthermore, the increased availability of chemical seals and case protectors to safeguard pressure gauges and increasing their durability, is favourably boosting industry growth. Aside from that, the increasing need for pressure gauges in the energy industry to transport natural gas is assisting market expansion. This trend is predicted to intensify in the forecast period as demand for alternative energy sources rises, fueling market expansion in the coming years.

Latest News on Global Pressure Gauge Market@

Key Market Players

The major players in the market are WIKA Alexander Wiegand SE & Co. KG, QED Inc., Meggitt PLC, Honeywell International Inc., and Winters Instruments, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

Company Name: EMR Inc.
Contact Person: Sofia Williams, Corporate Sales Specialist – U.S.A.
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States

Read More Reports:-

UAE Lighting Market:

Global Fluorspar Market:

Global Aerogel Insulation Market:

Global Helicopter Blades Market:

North America Frozen Seafood Market:

Introducing Procurement Intelligence Services of EMR Inc.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


Post a Comment