Global Pressure Gauge Market Report and Forecast 2024-2032

Global Pressure Gauge Market Outlook

The global pressure gauge market is expected to grow in the forecast period of 2024-2032 at a CAGR of 3.5%.

Rising Demand for Pressure Gauge in the Aerospace Industry Boosting the Market Growth

The use of pressure gauges in the aerospace industry is propelling the market growth. As it is crucial to determine the operating range of engines precisely to enable efficient maintenance and manufacturing, the deployment of pressure gauges in the engine of aircraft is increasing, which is augmenting the market growth. Moreover, the requirement for identifying oil pressures in aircraft to prevent high-temperature conditions and excessive friction is surging the demand for analogue pressure gauges, which is invigorating the industry growth. In addition, the growing deployment of fuel pressure gauges that can warn of any potential danger is further increasing the demand for pressure gauges. As various stringent measures to increase safety in pressure gauge is increasing; thus, the requirement for optimal engines is significantly escalating. This, in turn, is surging the demand for pressure gauges, therefore providing further impetus to the growth of the pressure gauge industry.

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Pressure Gauge: Definition and Segmentation

A pressure gauge is a measurement instrument that is used to determine the fluid intensity of liquid or gases. It measures the pressure of a device or machinery to ensure consistency and prevent the risk of leaks of machines. It is crucial for tuning, setting, and manufacturing fluid power machines and systems, due to which it is deployed for various industrial applications.

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The major output types of pressure gauge are:

• Analogue
• Digital

The market can be broadly categorised on the basis of its applications segments into:

• Aviation and Defence
• Automotive
• Healthcare
• Energy
• Others

The EMR report looks into the regional markets of pressure gauge like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Extensive End Uses of Pressure Gauges in Various Industries to Bolster the Market Growth

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The global market for pressure gauge is being driven by the extensive uses of pressure gauges such as gas-based systems and oil-based systems. Moreover, the requirement of measuring pressure in industrial products, such as water heaters, gas cylinders, and fire extinguishers, among others, is surging the demand for pressure gauges. The development of corrosion-resistant pressure gauges to be deployed in challenging environmental conditions, such as petrochemical, power, and energy industries, among others, is increasing the demand for pressure gauges, which is further augmenting the market growth. In addition, the rising availability of chemical seals and case protectors to protect pressure gauges, consequently enhancing their durability, is positively impacting the industry growth. Apart from this, the rising demand for pressure gauges in the energy sector to transport natural gas is also aiding the market growth. This trend is expected to accelerate in the forecast period as the demand for alternative energy sources is escalating, which is projected to fuel the market growth in the upcoming years.

Key Industry Players in the Global Pressure Gauge Market

The report presents a detailed analysis of the following key players in the global pressure gauge market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• WIKA Alexander Wiegand SE & Co. KG
• QED Inc.
• Meggitt PLC
• Honeywell International Inc.
• Winters Instruments 
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report