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Pressure Gauges Market Size
- Report ID: GMI12325
- Published Date: Nov 2024
- Report Format: PDF
Pressure Gauges Market Size
The global pressure gauges market was valued at USD 1.4 billion in 2023 and is estimated to grow at a CAGR of over 3.5% from 2024 to 2032. The expansion of sectors such as oil and gas, chemical manufacturing, power generation, and automotive manufacturing is significantly driving the demand for pressure gauges. These instruments are essential for monitoring and controlling pressure levels within various systems and equipment. As industries scale up, the need for advanced systems to ensure safe and efficient operations increases, thereby boosting the demand for pressure measurement devices.
The shift towards Industry 4.0 has catalyzed the adoption of smart pressure gauges integrated with Internet of Things (IoT) technologies. These advanced gauges, equipped with sensors, enable real-time data monitoring, predictive maintenance, and comprehensive data analytics. Such capabilities optimize processes, reduce downtime, and enhance safety in automated and remote-controlled environments. Industries such as food and beverage, pharmaceuticals, and water treatment, which require precision and accurate measurements, find IoT-enabled pressure gauges highly valuable.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Pressure Gauges Market Size in 2023: | USD 1.4 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 3.5% |
| 2032 Value Projection: | USD 1.9 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 220 |
| Tables, Charts & Figures: | 180 |
| Segments covered: | Product Type, Technology, Material, End Use, Distribution Channel and Region |
| Growth Drivers: |
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Frequently Asked Questions (FAQ) :
Pressure Gauges Market Scope
