United States Pressure Gauge Market Outlook
According to a new report by Expert Market Research titled, “United States Pressure Gauge Market Price, Share, Analysis, Report and Forecast 2023-2028″, is projected to grow at a CAGR of 4.2% between 2023 and 2028. Aided by the growing demand in various industrial applications and the emergence of more sophisticated pressure gauges, the market is expected to grow significantly by 2028.
Pressure gauges are instruments used to measure the pressure of fluids and gases in a container and are essential in a multitude of sectors, including automotive, aerospace, oil and gas, and healthcare. They play a crucial role in ensuring operational safety, pressure regulation, and system performance. Apart from these functions, the advanced pressure gauges also possess properties like high accuracy, durability, and resistance to harsh conditions, making them indispensable in various industrial processes.
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The increasing demand for high-precision pressure gauges across several industries is driving the United States pressure gauge market growth. With rising awareness about the operational efficiency and safety advantages that pressure gauges offer, there has been a considerable increase in their adoption. Additionally, the expansion of industrial activities, coupled with stringent safety regulations, has further contributed to the increasing popularity of pressure gauges.
The evolving applications of pressure gauges in various sectors play a crucial role in propelling the United States pressure gauge market. In the oil and gas industry, pressure gauges are essential for monitoring drilling, production, and refining processes. In the healthcare industry, pressure gauges are used in a variety of medical equipment, including ventilators, sterilisers, and oxygen cylinders. The automotive and aerospace industries utilise pressure gauges for fluid power control, testing, and system monitoring, amongst other applications.
Moreover, the increasing focus on the development of digital pressure gauges, which offer superior accuracy, user-friendliness, and flexibility, has led to an expansion of the market. The United States pressure gauge market expansion is anticipated to be supported by the rising use of digital pressure gauges equipped with micro-electro-mechanical system (MEMS) sensors to deliver accurate readings for medical conditions like heart failure, brain injury, airway obstruction, compartment syndrome, and spinal tumour, among others. The rise of Industry 4.0 and the increasing adoption of smart manufacturing practices have positioned digital pressure gauges as a critical component in advanced industrial operations, thereby augmenting the United States pressure gauge market development.
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United States Pressure Gauge Market Segmentation
The market can be divided based on output type, technology, application, and region.
Market Breakup by Output Type
Market Breakup by Technology
- Piezoresistive Pressure Gauge
- Capacitive Pressure Gauge
- Electromagnetic Pressure Gauge
- Resonant Solid State Pressure Gauge
- Optical Pressure Gauge
Market Breakup by Application
- Aviation and Defence
Market Breakup by Region
- New England
- Great Lakes
- Rocky Mountain
- Far West
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the United States pressure gauge companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- WIKA Instrument, LP
- QED Inc.
- Meggitt PLC
- Honeywell International Inc.
- Winters Instruments
- Emerson Electric Co.
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