About Industrial Gauges
Industrial Gauges are tools used for measurement of pressure, temperature, and vacuum. It is an integral part used in the industries which helps to measure and control the pressure or temperature. The important criteria for selection of industrial gauges are its pressure & temperature range, conditions affecting the system and mounting method.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD N) |
Competition among existing players is due to the Industrial Gauges market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Industrial Gauges Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Industrial Gauges market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ENFM Inc. (United States), Pyrosales Pty Ltd. (Australia), WIKA Instrument (United States), Ashcroft (United States), Winters Instruments Limited (Canada), KOBOLD Messring GmbH (Asia Pacific), Baumer Holding AG (Switzerland), Grainger (United States), Granville – Phillips Company (United States) and H.O. Trerice Co. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Industrial Gauges market by Type (Pressure Gauges and Temperature Gauges), Application (Chemical, Petrochemical, Oil Exploration and Production and Power Generation) and Region.
On the basis of geography, the market of Industrial Gauges has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Window Material, the sub-segment i.e. Polycarbonate (2½") will boost the Industrial Gauges market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Analysis , the sub-segment i.e. Pressure Gauges will boost the Industrial Gauges market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand Fuel Pressure Gauge
Market Growth Drivers:
Increase in Industrialisation in Various Countries and Growing Requirement for Pressure Measurement in Liquid and Gaseous Media
Challenges:
Continuous Upgrading Of Environment & Safety Standard in Chemical Industry and Cost Effective Operations Are Some of the Varied and Complex Challenges in This Industries
Opportunities:
Rising Growth of Oil & Gas Industry Has Become the Growth Opportunity in This Industry
Market Leaders and their expansionary development strategies
In August 2021, Rochester Gauges, LLC, a portfolio company of Renovo Capital and a designer and manufacturer of liquid level gauges and sensors, announced that it has acquired 100% of the capital stock of Fozmula Limited (“Fozmula”) from HB4. The acquisition of Fozmula is part of a multi-year strategy to expand Rochester’s technical portfolio and global footprint within the liquid level measurement segment.
In Jul 2018, US Based National Instruments, Which Makes Industrial Gauges Announced The Launch Of ‘NI India Business Incubator Program’ And Announced The Expansion Of Their Research & Development Center In India, This Provides Increased To NI Technology, Technical Training And Support To Local Communities.
Key Target Audience
Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.