The latest research study “Pressure Gauges Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecasts 2022-2027” by IMARC Group, finds that global Pressure gauge market reached a value from $849.34 million in 2021. Looking ahead, IMARC Group expects the market to reach a value of $1,070.97 million by 2027, at a CAGR of 3.82% over the period 2022-2027 corresponds.
Effects of Covid-19:
We regularly track the direct impact of COVID-19 on the market as well as the indirect impact of related industries. These observations are integrated into the report.
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Industry definition and application:
Pressure gauges refer to instruments used to measure gas, liquid, water, or vapor pressure to perform a safety check, ensure the consistency of a product, and prevent leaks in a system. They consist of mechanical connections that are mainly used to measure variable and static forces. Pressure gauges are available in different versions, series and display units, e.g. B. for power plants, petrochemical, mining, environmental engineering, etc. Several manufacturers design these devices with additional safety measures, including blowing devices, to protect front-line workers from injury B. from explosion or leaks. As a result, pressure gauges find widespread applications in various sectors such as aerospace, defense, healthcare, energy, etc.
Global Pressure Gauge Market Trends and Drivers:
Increasing demand for these instruments in the petrochemical field to measure oil and gas production in household goods, personal items and auto parts are among the main factors driving the pressure gauge market. In addition, the growing need for products in the automotive industry to measure and display the amount of fuel in heavy-duty trucks and buses that rely on liquefied or compressed natural gas (CNG) is…
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