The global market for Industrial Pressure Measurement is estimated at US$1.2 Billion in 2023 and is projected to reach US$1.6 Billion by 2030, growing at a CAGR of 4.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the industrial pressure measurement market is driven by several factors, including the increasing complexity of industrial processes, regulatory demands for safety and environmental protection, and technological advancements in sensor technology. As industries continue to advance in complexity, the precision and reliability of pressure measurement become even more critical, leading to greater adoption of high-performance sensors. Regulatory bodies worldwide have tightened safety and environmental standards, compelling industries to invest in accurate and reliable pressure measurement systems to ensure compliance and avoid costly penalties.
Additionally, advancements in microelectronics have led to the development of smaller, more efficient, and cost-effective sensors that can be easily integrated into a variety of industrial applications. These technological improvements, coupled with the growing trend towards automation and data-driven operation in industries, underscore the dynamic expansion of the pressure measurement market, positioning it as a key technology in the modern industrial landscape.
The growth in the industrial pressure measurement market is driven by several factors, including the increasing complexity of industrial processes, regulatory demands for safety and environmental protection, and technological advancements in sensor technology. As industries continue to advance in complexity, the precision and reliability of pressure measurement become even more critical, leading to greater adoption of high-performance sensors. Regulatory bodies worldwide have tightened safety and environmental standards, compelling industries to invest in accurate and reliable pressure measurement systems to ensure compliance and avoid costly penalties.
Additionally, advancements in microelectronics have led to the development of smaller, more efficient, and cost-effective sensors that can be easily integrated into a variety of industrial applications. These technological improvements, coupled with the growing trend towards automation and data-driven operation in industries, underscore the dynamic expansion of the pressure measurement market, positioning it as a key technology in the modern industrial landscape.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Calibration & Commissioning Services segment, which is expected to reach US$867.9 Million by 2030 with a CAGR of a 4.1%. The Repair, Retrofit, & Replacement Services segment is also set to grow at 4.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $322.9 Million in 2023, and China, forecasted to grow at an impressive 7.7% CAGR to reach $335.2 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Industrial Pressure Measurement Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Industrial Pressure Measurement Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Industrial Pressure Measurement Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ABB Ltd., Baumer Holding AG, Emerson Electric Co., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 86 Featured):
- ABB Ltd.
- Baumer Holding AG
- Emerson Electric Co.
- Endress+Hauser AG
- Fuji Electric France SAS
- FUTEK Advanced Sensor Technology, Inc.
- Honeywell International, Inc.
- KROHNE Messtechnik GmbH
- Measure Monitor Control
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens AG
- Trafag AG
- Vaisala Corporation
- Yokogawa Electric Corporation
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- ABB Ltd.
- Baumer Holding AG
- Emerson Electric Co.
- Endress+Hauser AG
- Fuji Electric France SAS
- FUTEK Advanced Sensor Technology, Inc.
- Honeywell International, Inc.
- KROHNE Messtechnik GmbH
- Measure Monitor Control
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens AG
- Trafag AG
- Vaisala Corporation
- Yokogawa Electric Corporation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 1.2 Billion |
| Forecasted Market Value ( USD | $ 1.6 Billion |
| Compound Annual Growth Rate | 4.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
