Digital Pressure Gauge Market Dynamics 2021-2031
After temperature, pressure is the second most important aspect to be managed, in commercial as well as industrial applications. Apart from the industrial and commercial applications, these pressure gauges are used in residential applications, such as the boiler system or inflating the tires. Pressure gauges are devices that provide the most direct and simplest way to measure and detect the pressure. Earlier, analog pressures were used, however owing to the technological transformations around the globe, the place of traditional pressure gauges has been taken by the pressure measurement devices such as transmitters, sensors and transducers. These devices convert the pressure into an electrical signal, which are then sent to the recorders, controllers or other category of data acquisition devices. The key function of these pressure gauges is to display the pressure inside a boiler, pressure cooker, extinguisher, tires or some other critical industrial processes.
The new generation digital pressures make use of advanced microprocessors and sensors to display, further accurate pressure reading, as compared to the analog pressure gauge. Moreover, a digital pressure gauge also offers various other features such as, it provides simple and fast read results. The digital pressure gauges are an ideal devices for measurement of the extremely low pressure or small incremental pressure changes. For instance, the digital pressure gauges also provides resolutions of up to 0.001 such as those found when leak testing. Majority of the digital pressure gauges depend upon two measurement technologies including strain gauge and piezoelectric.
The Digital Pressure Gauge Market Analysis to 2031 is a specialized and in-depth study of the Digital Pressure Gauge industry with a focus on the global market trend. The report aims to provide an overview of global Digital Pressure Gauge market with detailed market segmentation by types, power source, application, industry verticals and geography. The global Digital Pressure Gauge market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the Digital Pressure Gauge players and offers key trends and opportunities in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Digital Pressure Gauge market based on types, power source, application, and industry verticals. It also provides market size and forecast till 2031 for overall Digital Pressure Gauge market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 15 counties globally along with current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.
Also, key Digital Pressure Gauge market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the market are Hongyi Precision Industrial Inc., WIKA Alexander Wiegand SE & Co. KG, Digitron Italia S.r.l, BD Sensors GmbH, GE Digital Energy, Automation Products Group, Inc., Esders GmbH, BHV senzory s.r.o., Abest Technology and Instruments Co., Ltd., and Gauging Systems Inc. among others.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1 Introduction
1.1 Scope of Study
1.2 The Insight Partners Research Report Guidance
2 Key Takeaways
3 Digital Pressure Gauge Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.2.1 Digital Pressure Gauge Market - By Type
3.2.2 Digital Pressure Gauge Market - By Power Source
3.2.3 Digital Pressure Gauge Market - By Application
3.2.4 Digital Pressure Gauge Market - By Industry Vertical
3.2.5 Digital Pressure Gauge Market - By Region
3.2.5.1 By Countries
3.3 PEST Analysis
3.3.1 North America - PEST Analysis
3.3.2 Europe - PEST Analysis
3.3.3 Asia Pacific - PEST Analysis
3.3.4 Middle East and Africa - PEST Analysis
3.3.5 South America - PEST Analysis
4 Digital Pressure Gauge Market - Key Industry Dynamics
4.1 Impact Analysis
4.2 Key Market Drivers
4.3 Key Market Restraints
4.4 Key Market Opportunities
4.5 Future Trends
5 Digital Pressure Gauge Market Analysis- Global
5.1 Global Digital Pressure Gauge Market Overview
5.2 Global Digital Pressure Gauge market forecast and analysis
6 Digital Pressure Gauge Market Revenue and Forecasts to 2028 -Types
6.1 Overview
6.2 Type market forecast and analysis
6.3 Digital Air Pressure Gauge Market
6.3.1 Overview
6.3.2 Digital Air Pressure Gauge market forecast and analysis
6.4 Digital Oil Pressure Gauge Market
6.4.1 Overview
6.4.2 Digital Oil Pressure Gauge market forecast and analysis
6.5 Digital Hydraulic Pressure Gauge Market
6.5.1 Overview
6.5.2 Digital Hydraulic Pressure Gauge market forecast and analysis
6.6 Digital Differential Pressure Gauge Market
6.6.1 Overview
6.6.2 Digital Differential Pressure Gauge market forecast and analysis
7 Digital Pressure Gauge Market Revenue and Forecasts to 2028 - Power Source
7.1 Overview
7.2 Power Source market forecast and analysis
7.3 Battery Powered Digital Pressure Gauge Market
7.3.1 Overview
7.3.2 Battery Powered Digital Pressure Gauge market forecast and analysis
7.4 Solar Powered Digital Pressure Gauge Market
7.4.1 Overview
7.4.2 Solar Powered Digital Pressure Gauge market forecast and analysis
8 Digital Pressure Gauge Market Revenue and Forecasts to 2028 - Application
8.1 Overview
8.2 Application market forecast and analysis
8.3 Machine Building Market
8.3.1 Overview
8.3.2 Machine Building market forecast and analysis
8.4 Hydraulics & Pneumatics Market
8.4.1 Overview
8.4.2 Hydraulics & Pneumatics market forecast and analysis
8.5 Pumps & Compressors Market
8.5.1 Overview
8.5.2 Pumps & Compressors market forecast and analysis
9 Digital Pressure Gauge Market Revenue and Forecasts to 2028 - Industry Vertical
9.1 Overview
9.2 Industry Vertical market forecast and analysis
9.3 Energy Market
9.3.1 Overview
9.3.2 Energy market forecast and analysis
9.4 Chemical Market
9.4.1 Overview
9.4.2 Chemical market forecast and analysis
9.5 Oil & Gas Market
9.5.1 Overview
9.5.2 Oil & Gas market forecast and analysis
9.6 Construction Market
9.6.1 Overview
9.6.2 Construction market forecast and analysis
9.7 Mining Market
9.7.1 Overview
9.7.2 Mining market forecast and analysis
9.8 Transportation Market
9.8.1 Overview
9.8.2 Transportation market forecast and analysis
9.9 Others Market
9.9.1 Overview
9.9.2 Others market forecast and analysis
10 Digital Pressure Gauge Market Revenue and Forecasts to 2028 - Geographical Analysis
10.1 North America
10.1.1 North America digital pressure gauge market overview
10.1.2 North America digital pressure gauge market forecast and analysis
10.1.2.1 North America market forecast and analysis - By Countries
10.1.2.1.1 US market
10.1.2.1.2 Canada market
10.1.2.1.3 Mexico market
10.1.2.2 North America market forecast and analysis - By Type
10.1.2.3 North America market forecast and analysis - By Power Source
10.1.2.4 North America market forecast and analysis - By Application
10.1.2.5 North America market forecast and analysis - By Industry Vertical
10.2 Europe
10.2.1 Europe Digital Pressure Gauge market overview
10.2.2 Europe Digital Pressure Gauge market forecast and analysis
10.2.2.1 Europe market forecast and analysis - By Countries
10.2.2.1.1 France market
10.2.2.1.2 Germany market
10.2.2.1.3 Italy market
10.2.2.1.4 Spain market
10.2.2.1.5 UK market
10.2.2.2 Europe market forecast and analysis - By Type
10.2.2.3 Europe market forecast and analysis - By Power Source
10.2.2.4 Europe market forecast and analysis - By Application
10.2.2.5 Europe market forecast and analysis - By Industry Vertical
10.3 Asia pacific (APAC)
10.3.1 Asia Pacific Digital Pressure Gauge market overview
10.3.2 Asia Pacific Digital Pressure Gauge market forecast and analysis
10.3.2.1 Asia Pacific market forecast and analysis - By Countries
10.3.2.1.1 Australia market
10.3.2.1.2 China market
10.3.2.1.3 India market
10.3.2.1.4 Japan market
10.3.2.2 Asia Pacific market forecast and analysis - By Type
10.3.2.3 Asia Pacific market forecast and analysis - By Power Source
10.3.2.4 Asia Pacific market forecast and analysis - By Application
10.3.2.5 Asia Pacific market forecast and analysis - By Industry Vertical
10.4 Middle East and Africa (MEA)
10.4.1 Middle East and Africa Digital Pressure Gauge market overview
10.4.2 Middle East and Africa Digital Pressure Gauge market forecast and analysis
10.4.2.1 Middle East and Africa market forecast and analysis - By Countries
10.4.2.1.1 South Africa market
10.4.2.1.2 Saudi Arabia market
10.4.2.1.3 UAE market
10.4.2.2 Middle East and Africa market forecast and analysis - By Type
10.4.2.3 Middle East and Africa market forecast and analysis - By Power Source
10.4.2.4 Middle East and Africa market forecast and analysis - By Application
10.4.2.5 Middle East and Africa market forecast and analysis - By Industry Vertical
10.5 South America (SAM)
10.5.1 South America Digital Pressure Gauge market overview
10.5.2 South America Digital Pressure Gauge market forecast and analysis
10.5.2.1 South America market forecast and analysis - By Countries
10.5.2.1.1 Brazil market
10.5.2.2 South America market forecast and analysis - By Type
10.5.2.3 South America market forecast and analysis - By Power Source
10.5.2.4 South America market forecast and analysis - By Application
10.5.2.5 South America market forecast and analysis - By Industry Vertical
11 Industry Landscape
11.1 Mergers & acquisitions
11.2 Market Initiatives
11.3 New developments
11.4 Investment scenarios
12 Competitive Landscape
12.1 Competitive Product mapping
12.2 Market positioning/ market share
13 Digital Pressure Gauge Market, Key Company Profiles
13.1 Hongyi Precision Industrial Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 WIKA Alexander Wiegand SE & Co. KG
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Digitron Italia S.r.l
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 BD Sensors GmbH
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 GE Digital Energy
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Automation Products Group, Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Esders GmbH
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 BHV senzory s.r.o.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Abest Technology and Instruments Co.,Ltd
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Gauging Systems Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14 Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
14.3 Research Methodology
1. Hongyi Precision Industrial Inc.
2. WIKA Alexander Wiegand SE & Co. KG
3. Digitron Italia S.r.l
4. BD Sensors GmbH
5. GE Digital Energy
6. Automation Products Group, Inc.
7. Esders GmbH 7
8. BHV senzory s.r.o.
9. Abest Technology and Instruments Co.,Ltd
10. Gauging Systems Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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