Home > Industrial Machinery > Industrial Equipment > Tools > Pressure Gauges Market

Pressure Gauges Market Share

Report ID: GMI12325
Published Date: Nov 2024
Report Format: PDF

Download Free Sample

Pressure Gauges Market Share

Global Pressure Gauges Company Market Share Analysis, 2023

In 2023, key companies like Ametek, Circor, Honeywell, Emerson, etc. held a combined market share of 40-45%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.

Companies are heavily investing in research and development to develop advanced pressure gauges that align with the changing and evolving industry’s needs and preferences. Competitive strategies frequently center on product differentiation, where manufacturers augment their offerings with distinctive features, and geographic expansion to penetrate emerging markets. In this dynamic environment, companies that adeptly innovate and respond to market trends are poised for the most significant growth.

Pressure Gauges Market Companies

Major players operating in the pressure gauges industry are:

Ametek
Badotherm
Circor
Dwyer
Emerson
Fluke Corporation
Honeywell International
Kobold Instruments
Newbow
Omega Engineering
QED Aerospace
Wika Instruments
Winters Instruments

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for pressure gauges was reached USD 1.4 billion in 2023 and is estimated to grow at a 3.5% CAGR from 2024 to 2032, driven by the expansion of sectors such as oil and gas, chemical manufacturing, power generation, and automotive manufacturing.

The bourdon tube pressure gauges segment was valued at over USD 510 billion in 2023 and is expected to grow at a 3.8% CAGR from 2024 to 2032, due to their precision and reliability in high-pressure systems and chemical manufacturing sectors.

The analog segment held around 61% share of the pressure gauges market in 2023 and is anticipated to grow at a 5.2% CAGR during 2024 to 2032, led by their widespread use in various industrial applications.

The U.S. pressure gauges market size surpassed USD 3 billion in 2023 and is estimated to grow at a 3.6% CAGR from 2024 to 2032, propelled by the demand for reliable and cost-effective pressure monitoring solutions in key sectors such as oil and gas, power generation, and chemical processing.

Major players in the pressure gauges industry include Ametek, Badotherm, Circor, Dwyer, Emerson, Fluke Corporation, Honeywell International, Kobold Instruments, Newbow, Omega Engineering, QED Aerospace, Wika Instruments, and Winters Instruments.