The Pressure Gauge Market is to Touch $2.1 Billion by 2030; The increasing demand for pressure gauges across various industries including oil and gas, chemical, manufacturing, automotive, and healthcare propels market growth.

The Pressure Gauge Market size is estimated to reach $2.1 billion by 2030, growing at a CAGR of 3.8% during the forecast period 2023-2030, according to a recent report published by IndustryARC, titled, “Pressure Gauge Market – By Type (Bourdon Tube, Helicoil, McLeod Gauge, Bellow Pressure, Aneroid Gauge, Apsule Pressure, Spiral tubes, Differential Pressure Gauge), By Mounting Type (Type B, Type N, Type D, Type A, Type K, Type G, Type M), By Application (Altimeter, Barometer, MAP, Pilot Tube, Sphygmomanometer, Others), By End Use Industry (Machine & Plant Engineering, Gas Distribution, Aerospace, Automotive, Chemical, Marine, Building & Infrastructure, Medical, Water and Waste Water, Fire & Safety, Food & Beverage, and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2030”

Industrial Automation and Process Control and expansion in chemical and petrochemical Industries are fueling the growth of the Pressure Gauge industry during the forecast period.

APAC accounted for the largest share of more than 37% of the Pressure Gauge Market in 2023 owing to technological advancements, increasing demand across various industries, and a growing emphasis on sustainability and connectivity. APAC encompasses diverse economies such as China, Japan, India, South Korea, and Southeast Asian countries, driving significant demand for pressure gauges across various industries including manufacturing, automotive, oil and gas, and healthcare.

The chemical and petrochemical industries are key drivers of the pressure gauge market due to their need for precise pressure monitoring in various processes. These industries involve handling hazardous substances under high pressures and temperatures, making accurate pressure measurement critical for safety and efficiency. Pressure gauges are used in reactors, distillation columns, storage tanks, and pipelines to ensure that processes operate within safe limits. The European Chemical Industry Council reports that global chemical sales have increased significantly, rising from €3,494 billion in 2020 to €4,026 billion in 2021—a notable 15.2% gain. With a share of 14.7%, the EU27 chemical industry ranks second among the top contributors to these sales. The continuous growth of the chemical and petrochemical sectors, driven by rising demand for chemicals and plastics, supports the increased use of pressure gauges.

 The growing focus on environmental monitoring and sustainability creates significant opportunities for the pressure gauge market. Governments and organizations worldwide are implementing stricter regulations to monitor and control environmental pollution, driving the need for precise pressure measurement in environmental applications. Pressure gauges are essential in monitoring air and water quality, ensuring compliance with environmental standards. For example, in water treatment plants, pressure gauges help in monitoring filtration systems to ensure clean water supply. In air quality monitoring, they are used in various control systems to measure and regulate emissions. As environmental concerns continue to rise, the demand for pressure gauges in these applications is expected to increase. Manufacturers can leverage this opportunity by developing specialized pressure gauges designed for environmental monitoring, helping industries comply with regulations and contribute to sustainability efforts.