Pressure Gauge Market Size, Share, Business Growth & Report 2023

A pressure gauge is a mechanical instrument utilized to measure and display the pressure of a fluid within a system. It provides a visual indication of the pressure in units like pounds per square inch (psi), bar, pascal (Pa), or other pressure units, which depend on the application and location. It is offered in various designs, sizes, and pressure ranges, which makes them suitable for a wide variety of applications in industries, including manufacturing, oil and gas, chemical processing, HVAC systems, and automotive.

The global pressure gauge market size reached US$ 879.9 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,100.6 Million by 2028, exhibiting a growth rate (CAGR) of 2.9% during 2023-2028.

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Pressure gauges are employed in the oil and gas industry for monitoring pressures in pipelines, wellheads, and processing equipment to maintain the optimal pressure levels for efficient production, detect leaks, and prevent overpressure situations that could lead to accidents. This represents one of the primary factors strengthening the market growth around the world. Moreover, the rising use of pressure gauges in manufacturing processes, such as in hydraulic and pneumatic systems, to ensure that machinery operates within specified pressure ranges is bolstering the market growth. Besides this, the growing adoption of pressure gauges in power plants, including thermal, nuclear, and hydroelectric facilities, to monitor steam and water pressures in boilers and turbines is influencing the market positively.

Top Key Players covered in this report are: AMETEK Inc., Badotherm, CIRCOR International Inc., Crane Co., Dwyer Instruments Inc., Emerson Electric Co., Fluke Corporation (Fortive Corporation), Honeywell International Inc., Newbow Aerospace Ltd., OMEGA Engineering Inc. (Spectris plc), QED Aerospace, WIKA Alexander Wiegand SE & Co. KG and Winters Instruments Limited.

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The report segmented the market on the basis of region, output type, technology and application.

Breakup by Output Type:

Breakup by Technology:

Breakup by Application:

Breakup by Region:

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