Pressure gauges market to surpass $1.9 billion by 2032, driven by smart technologies and industries

From GlobeNewswire: 2025-01-20 06:00:00

The pressure gauges market is set to reach USD 1.9 billion by 2032, driven by industries like oil, gas, and automotive. Smart pressure gauges with IoT integration offer real-time data collection and predictive maintenance, enhancing operational efficiency. Bourdon tube pressure gauges, popular for their durability, are expected to grow at a CAGR of 3.8% through 2032.

Analog pressure gauges dominated the market in 2023 with a 61% share and are projected to grow at a CAGR of 5.2% through 2032. In the U.S., the market exceeded USD 3 billion in 2023 and is expected to grow at a rate of 3.6% annually. Pressure gauges play a crucial role in industries like oil, gas, power generation, and chemical processing, ensuring safe and efficient operations.

The bourdon tube pressure gauges segment accounted for over USD 510 million in 2023 and is expected to continue growing. Bourdon tube gauges offer cost-effective pressure measurement and are ideal for environments where electronic devices may fail. With a focus on reliability and cost-efficiency, pressure gauges are essential for meeting industry needs and safety regulations.

The pressure gauges market is evolving with the rise of Industry 4.0 and the adoption of smart technologies. As industries continue to grow, the demand for advanced pressure gauges that provide accurate and reliable measurements in dynamic settings increases. The market is driven by the need for efficient and safe operations in various sectors.



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