Industrial Gauges Market Size, Share Global Analysis Report, 2023 – 2030

Industry Insights

[180+ Pages Report] According to the report published by Facts Factors, the global industrial gauges market size was worth around USD 4,750 million in 2022 and is predicted to grow to around USD 6,475 million by 2030 with a compound annual growth rate (CAGR) of roughly 4.53% between 2023 and 2030. The report analyzes the global industrial gauges market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the industrial gauges market.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Industrial Gauges industry. The report analyzes and declares the historical and current trends analysis of the industrial gauges industry and subsequently recommends the projected trends anticipated to be observed in the industrial gauges market during the upcoming years.

The industrial gauges market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire industrial gauges market. The historical and past insights are provided for FY 2020 to FY 2022 whereas projected trends are delivered for FY 2023 to FY 2030. The quantitative and numerical data is represented in terms of both volume (Million Units) and value (USD Million) from FY 2022 – 2030.

Key Insights from Primary Research

• According to the primary CXOs of the global industrial gauges market, the market is estimated to witness a substantial growth of nearly 4.53% over the forecast period due to rapid growth in the number of industries.
• The market was valued at USD 4,750 million, in 2022 and is expected to be valued at over USD 6,475 million, by 2030
• On the basis of the product segment, pressure gauges dominated the global industrial gauges market in 2022. In terms of revenue, it accounted for more than a 28% share of the total market in 2022, attributed to its use to measure pressure in gas or liquid industry and its reasonable price.
• Based on various applications, the global industrial gauges market led by the compressors category with more than USD 1,000 million, in 2022.
• By geography, the North America region headed the market with a share of above 34%, in 2022 owing to increasing demand by various manufacturing industries.

Key Recommendations from Analysts

• Our analysts recommend that the Asia Pacific region is predicted to witness a significant growth attributed to the increasing number of industries in the emerging countries of this region.       
• Due to the presence of vast manufacturing industries such as food, chemical, etc. the European region is expected to boost the industrial gauges market.
• By application, the hydraulic system category is projected to increase during the forthcoming years.
• The temperature gauges category is anticipated to grow over the forecast period owing to the availability of various temperature gauges in a range of industrial use.
• The industrial gauges market is anticipated to produce lucrative opportunities over the forecast period owing to control equipment and machinery utilization in the industry.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the industrial gauges industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the industrial gauges industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the industrial gauges market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Industrial Gauges industry. The industrial gauges market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the industrial gauges sector. Key strategic developments in the Industrial Gauges market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the industrial gauges market are appropriately highlighted in the report.

A mechanical tool that is used in measurements and to display dimensional information is generally known as a gauge. The gauges are used to calculate pressure, vacuum, and temperature, the equipment, or machines. They measured and controlled pressure or temperature. The industrial gauges are accessible for pressure, temperature, conductivity, density, etc. The correct selection of the gauges depends upon the different parameters. To measure pressure or temperature and control operation, gauges are an essential part of the industry. The temperature and pressure range, ambient conditions are some of the important factors for industrial gauges selection.

To measure the parameters such as pressure, temperature, etc. industrial gauges are used in various industries. The increasing number of industries is one of the major factors that drive the industrial gauges market. The increasing requirement for proper pressure measurement for liquid or gaseous, the government's strict rules and policies for the control equipment and machinery utilization in an industry drive the global industrial gauges market. Increasing advanced technologies and increasing the requirement of gauges due to industrialization can produce profitable opportunities in the industrial gauges market.

The industrial gauges market research report delivers an acute valuation and taxonomy of the industrial gauges industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2023 to FY 2030.

Report Scope

The regional segmentation of the Industrial Gauges industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the industrial gauges industry is provided for the leading economies of the world.

The industrial gauges market is segmented based on type and application.  On the basis of type segmentation, the market is classified into pressure gauges, temperature gauges, flow gauges, level gauges, ph gauges, conductivity gauges, humidity gauges, turbidity gauges, and density gauges. In terms of Application segmentation, the market is bifurcated into hydraulic systems, pumps, compressors, boilers, and other applications.

Some of the leading players in the global market include

• KOBOLD Messring GmbH
•  WIKA Instruments India Pvt. Ltd.
•  Ashcroft Inc
•  Pyrosales Ltd
•  Winters Instruments Limited
•  W.W. Grainger Inc.
•  H.O. Trerice Co.
•  JAKO
•  ITEC
•  Granville - Phillips Company Subsidiary of MKS Instruments Inc

The taxonomy of the industrial gauges industry by its scope and segmentation is as follows:

By Type Segmentation Analysis

• Pressure Gauges
• Temperature Gauges
• Flow Gauges
• Level Gauges
• PH Gauges
• Conductivity Gauges
• Humidity Gauges
• Turbidity Gauges
• Density Gauges

By Application Segmentation Analysis

• Hydraulic Systems
• Pumps
• Compressors
• Boilers
• Other Applications

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa